It looks like a “bear trap” may be lurking in this summer’s big bounce for the stock market, one that could lead to painful losses for investors, Glenmede strategists warned in a Monday report. Invest...
Tag: Banking/Credit
‘The pause has meant everything:’ What happens to borrowers — and the economy — if Biden lets student loan payments resume in September
There’s less than two weeks until the latest pause on federal student loan payments is set to expire on Aug. 31. No need to tell Cassie Smith. The chance of restarted payments are “a looming rain clou...
Opinion: You work hard to pay off debt. Here’s the secret to keep you from backsliding as the economy slows
Credit-card debt has surged 13% this past year — the largest increase in 20 years. If you find yourself with a growing amount of debt, you need to get yourself back on solid footing before it snowball...
Why Did Bitcoin Fall? Is It Because Stocks Slumped Too?
Text size How strong is the link between stocks and Bitcoin? AFP via Getty Images Bitcoin sank Friday and stocks did too. The world’s largest crypto posted losses for the week, as did equities. Could ...
JP Morgan quant who called summer rally says there’s plenty of ammunition to drive stocks higher — and here’s why
JPMorgan Chase & Co.’s Marko Kolanovic wants clients to hang on, because he thinks the rally in stocks is far from over. In a note entitled “Setting the Record Straight and What We Expect Next,” K...
Should you set up a joint account with your adult child?
Some retirees love to count their money. But even they may reach a point where they tire of paying bills and tracking their cash flow. Seniors who start to worry about cognitive impairment may want to...
Oil Prices Have Been Falling. Why It’s Time to Buy Oil Stocks.
Text size Energy stock profits rose nearly 300% during the second quarter, nearly 10 times faster than the next sector, industrials. Oliver Bunic/Bloomberg It has been a boom-and-bust year for oil sto...
Tech Stocks Are Due for Another Fall
Text size Technology fundamentals are getting worse, not better. One example is weakening demand for consumer electronics. Illustration by Barron’s (Dreamtime 4) For years, tech investors seemed...
Inflation Reduction Act promises tax credits for EVs — here’s how to claim them
Your new electric car may land you a $7,500 tax credit now that the Inflation Reduction Act — designed to fight climate change and inflation — has been signed into law by President Biden. But the new ...
This contrarian investor gave a timely warning for the last big tech top. He now sees the biggest drop of this bear market dead ahead.
When can we truly say goodbye to this bear market? While Bank of America’s global fund managers are no longer “apocalyptically bearish,” some on Wall Street remain wary. Add our call of the day to tha...
I’m 65 and want to retire in 6 months. I have a $125K annuity, plus $100K of money that I’m not sure what to do with. Should I get professional help?
Is a financial planner right for you? Getty Images/iStockphoto Question: I had $225,000 in my 401(k) and then I rolled over $125,000 to an annuity at 7%, as I wanted income. I just turned 65 and want ...
Seattle CEO who cut his pay so workers could earn $70,000 minimum resigns
SEATTLE — A Seattle CEO who announced in 2015 that he was giving himself a drastic pay cut to help cover the cost of big raises for his employees has announced his resignation. Dan Price, the embattle...
20 bank stocks expected to benefit the most from rising interest rates as the Federal Reserve fights inflation
When companies report financial results, analysts tend to make comparisons to the year-earlier quarter. But there are times when sequential improvements can be telling. This is one of those times for ...
This rule with a perfect record says the market hasn’t bottomed, says Bank of America’s star analyst
Rules are there to be broken. That may be a standard mantra for anarchists. But for traders such thinking may prove to be dangerously dismissive. Investors therefore may like to consider the latest no...
Buffett and Berkshire added big to their bets on Ally, Occidental, Paramount and Activision. But these other 6 stocks also got a vote of confidence.
Warren Buffett’s Berkshire Hathaway Inc. added to nine stock holdings during the second quarter, reduced holdings of four and sold two outright. That’s according to Berkshire Hathaway’s BRK.B, +1.26% ...
‘I’m in a very lucky position’: I will receive a $300,000 inheritance. Should I pay off my mortgage or invest the money?
I currently owe $300,000 on my house with a 2.5%, 30-year mortgage. I am maxing out my retirement accounts — IRA and 401(k) — and looking to retire in less than 10 years. I will receive an inheritance...
Wells Fargo reportedly planning retreat in mortgage business
Wells Fargo is planning a retreat in its mortgage activities, according to a published report. Bloomberg News, citing unnamed sources, reported the number-one mortgage originator of commercial banks i...
‘I fear that between the two of us, that’s not enough.’ We want to quit working in 10 years, but only have about $175K saved. Do we need professional help?
Some things to consider if you’re thinking about hiring a financial adviser. Getty Images/iStockphoto Question: I’m 54 years old and have an IRA account with $27,000 in it, but it’s been decreasing ov...
If you really want to be rich, you need to do this, says Mark Cuban
Slaven Vlasic/Getty Images for Advertising Week New York Uncredited Recently, we came across a simple piece of money advice from billionaire entrepreneur Mark Cuban on his Maverick blog that we felt r...
Inflation Reduction Act would send $80 billion to the IRS. Tax experts say it may not be enough to help the backlogged agency.
For roughly a year, Jonathan Baer watched a paper folder full of tax-related paperwork slowly grow as he chronicled his effort to claim his 2020 tax refund. The attempts included upwards of 40 phone c...
Anshu Jain, former Deutsche Bank CEO in its trading heyday, dies at 59
Anshu Jain, Cantor Fitzgerald’s president and former CEO of Deutsche Bank from 2012 to 2015, died Saturday five years after being diagnosed with duodenal cancer, Bloomberg and Reuters reported. He was...
Public Pension Systems Join Those Stung by Crypto Crash
Listen to article (2 minutes) Among the investors who bet on cryptocurrency over the past year are pension funds that manage public workers’ retirement savings. Now those funds are navigating the cras...
Don’t Trust This Stock Market Rally. Strategists See More Trouble Ahead.
Text size Only 30% of the indicators that typically light up before market bottoms are triggered today, according to Bank of America. Angela Weiss/AFP via Getty Images The S&P 500’s 15% summer bou...
Apple workers tell CEO Tim Cook: ‘We demand location-flexible work’
The self-styled solidarity group AppleTogether launched a petition Monday demanding a more flexible work policy in response to the company’s return-to-office mandate. “We demand that Apple allows each...