The median amount of cash saved by Americans under the age of 35, not including retirement funds, was just $3,240 last year, according to government data. istock Recession — and layoff — fears loom la...
Tag: Banking/Credit
Grayscale Bitcoin Fund Soars as Judges Sound Skeptical of SEC’s Arguments on ETF
Grayscale Investments for years has fruitlessly sought to convert its flagship product—the world’s largest Bitcoin fund at $14 billion—into an exchange-traded fund, most recently suing the Securities ...
Opinion: Powell will have to push rates even higher for the Fed to get inflation to 2%
Inflation is proving tougher to curb than Federal Reserve Chairman Powell anticipated, and despite indicators that a recession could be coming, consumers and businesses apparently haven’t gotten the m...
Why the stock-market rally can keep going, says Morgan Stanley strategist who only recently warned of a death zone
On the heels of last week’s losing-streak breaking rally, investors look headed for the sidelines on Monday. Apart from an underwhelming growth forecast from China over the weekend that’s knocking oil...
Silvergate downgraded to underperform at Wedbush on prospects for liquidation after its shuts down its exchange network
Silvergate Capital Corp. SI, +0.87% stock fell 9.7% in premarket trades Monday after the company announced it’s shutting down its crypto currency payments network called the Silvergate Exchange Networ...
‘I’m losing over $1,100 each quarter due to fees.’ I’m in safe investments during this downturn, yet I’m still losing a lot of money from adviser fees. What should I do?
Question: I’m in a money market fund that I thought would protect my investment during these downturn times, but I’m losing over $1,100 each quarter due to fees to manage my money. What should I do? A...
Comedian Dax Shepard says you should ‘clean up’ this part of your finances. Pros say it’s an easy way to save thousands
Armchair Expert host, actor and comedian Dax Shepard may be worth $40 million, but he hasn’t forgotten how to save. Getty Images Actor and comedian Dax Shepard has a long list of accolades that includ...
The 6% CD has arrived. Should you bite?
Getty Images/iStockphoto Thanks to rapidly rising interest rates, many reputable banks and credit unions are now offering certificates of deposit with impressive rates above 4%. And in at least two ca...
‘I’m holding my breath’: What will happen if the Supreme Court blocks Biden’s student-loan forgiveness plan?
As the Supreme Court debates President Joe Biden’s student-loan forgiveness plan, Americans’ consumer debt continues to rise — and more of it is past due. For Shanna Hayes, 34, who was recently laid o...
Ignore Wall Street’s gloom. Stocks do better when earnings fall: strategist
Adios to February, which disappointed many stock investors who enjoyed a bullish start to the year. But fears of a bigger meltdown by those swept up in Wall Street gloom may be in vain, says our call ...
‘Bad luck finds us all.’ Here’s exactly how much you should have in savings right now (and just how few Americans actually have this amount socked away)
How much should you have in savings? Getty Images/iStockphoto About half (49%) of American adults have either less emergency savings than they did last year, or no savings at all, according to a new B...
How investors can learn to live with inflation: BlackRock
Growth stocks may have led the early 2023 rally, but stubbornly high inflation means that won’t last. That’s the main message from the BlackRock Investment Institute on Monday, as U.S. stocks attempte...
This is what Warren Buffett, a self-described ‘so-so investor,’ says is his ‘secret sauce’
Stocks are rebounding on the heels of a rotten week — the worst since December for the S&P 500 SPX, +1.15% and the Nasdaq Composite COMP, +1.39%. And as Wall Street analysts go dark, with talk of ...
What’s next for stocks as investors realize Fed’s inflation fight won’t end soon
The stock market is ending February on a decidedly wobbly note, raising doubts about the durability of an early 2023 rally. Blame stronger-than-expected economic data and hotter-than-expected inflatio...
Global financial markets have had a rough time since Russia’s invasion of Ukraine, but it is not over yet
A year after Russia invaded Ukraine and set off the bloodiest conflict in Europe since World War II, global financial markets seem to no longer carry on the lasting shocks on a daily basis, but the fu...
Moving in Retirement to Cut Tax Costs? Consider These 4 Factors First.
When an affluent suburban Chicago couple came to John Campbell, senior wealth strategist at U.S. Bank Private Wealth Management, planning to retire in New Mexico because of its weather and lower incom...
PayPal’s Outgoing CEO Dan Schulman Buys Up Stock
PayPal Holdings stock has lost all of its gains from the pandemic era, when homebound shoppers used its services to buy online. The financial-services company’s outgoing president and CEO Dan Schulman...
Warren Buffett’s Berkshire Hathaway is the largest investor in these 8 stocks
As 2022 wrapped, Warren Buffett’s Berkshire Hathaway was the largest shareholder of eight stocks that include traditional oil companies and financial-services giants. “Berkshire now enjoys major owner...
I’m 73 and will only have my 401(k) after retiring. How do I make it last?
I am 73 years old and still employed full time. I will receive no retirement benefits when I leave my job except for a 401(k). My question is: what is the best way to handle this 401(k) without losing...
Nearing retirement? Here’s how to shift your portfolio from growth to income.
Over the decades, perhaps you’ve been very good at saving your money and investing it for long-term growth. But when the time comes for you to stop working or to step back to a part-time job, you migh...
We’re in our 60s and have lost $250,000 in our 401(k) plans — can we still retire?
I am a 61-year-old female who has worked for the same financial institution since the age of 16. I will have 50 years at the company if I retire at 66. I’ve lost over $150,000 in my 401(k) this past y...
Biden taps former Mastercard executive Banga to lead World Bank
The White House announced Thursday that President Joe Biden has decided to nominate Ajay Banga, a former CEO of MasterCard, to lead the World Bank In a statement, Biden said that Banga will be able to...
Tempted to chase fat yields in money market accounts? Why it might not pay to switch.
The yield chase is on. After more than two years of historically low interest rates, savers are rediscovering that they can earn money on their money by letting it sit. During the pandemic, many saver...
Powell’s comments slammed markets. Here’s what one bank sees for stocks, bonds.
The market really took Federal Reserve Chair Jerome Powell’s words at face value on Tuesday. Short-term yields rose, and the stock market slumped, with this comment: recent data suggest “the ultimate ...