Shares of Upstart Holdings Inc. plunged 46% in after-hours trading Monday after the company cut its forecast for the full year, warning that the current macroeconomic climate is expected to weigh on l...
Tag: Banking/Credit
Retirees Face a Whirlwind Market. Here’s What Advisors Say They Should Do.
Given market conditions, retirees can be forgiven if they feel that investing right now is akin to running with scissors. Risks and uncertainties abound: spiking inflation, Federal Reserve rate hikes ...
Mark Cuban: ‘Crypto is going through the lull that the internet went through’
Billionaire entrepreneur Mark Cuban thinks that cryptocurrency is on the same downswing that tech and internet companies hit in the early 2000s. Bitcoin hit a 10-month low as U,S. stocks continued to ...
Bitcoin Keeps Plunging With No Sign of Stopping. Where the Bottom May Be.
Cryptocurrency prices tumbled over the weekend and into Monday, with Bitcoin nearing a yearly low as investors continued to dump risky assets amid a tough stock market and challenging macroeconomic ba...
How do higher mortgage rates help shrink inflation? Here’s an explainer.
The Federal Reserve yanked a short-term interest rate higher this week, making it more expensive to borrow money to buy a home or fix it up. The central bank raised the federal funds rate last week by...
After a wild week on Wall Street, stock futures slump Sunday
After a volatile week, Wall Street is bracing for more losses as U.S. stock-index futures fell sharply late Sunday. Dow Jones Industrial Average futures YM00, -1.08% were last down more than 300 point...
Fed issued biggest rate hike in 22 years. 4 things to do with your money now
Amid rising interest rate, here’s how to handle savings, investments and debt. Getty Images/iStockphoto For the first time in 22 years, the Federal Reserve raised interest rates by more than one-quart...
Bitcoin Falls to Half Its Peak as Investors Shun Risk
The cryptocurrency’s market tumble over the weekend echoed the broader stock market’s decline last week as investors moved away from riskier assets. Dreamstime Text size The price of Bitcoin fell 5.3%...
Crypto Prices Slump Over the Weekend
The decline of bitcoin, the world’s largest cryptocurrency, mirrored the slide of the overall stock market. Photo: Kin Cheung/Associated Press The cryptocurrency market fell over the weekend, mirrorin...
Most Americans were feeling gloomy even before last week’s dramatic dive in stocks — and now they fear a prolonged bear market
In a matter of hours, promising signs of a stock market rally turned into pessimism, even panic. For retail investors trying to get their legs during a volatile moment, Thursday’s deep downward lurch ...
I’m 69 and ‘never got a job that paid well.’ How can I tackle student loan debt?
How to get out of student loan debt Getty Images/iStockphoto Question: I went back to college to get my degree after my children had grown up and my mother passed away. I left my job as a corporate ch...
This Billion-Dollar Crypto Loan Is Easy to Get, but Gone in a Flash
A hacker who robbed the decentralized stablecoin platform Beanstalk in April had a powerful tool: a $1 billion loan taken out with no collateral, no proof of income and no identity verification. The l...
Fed hawks say they’re not so behind the curve combatting inflation
In the wake of the Federal Reserve policy meeting this week, stock markets have tumbled, raising howls of criticism that U.S. central bank policy will fail to bring down inflation. Read: ‘Unhinged’ ma...
Bausch + Lomb, Year’s Second-Biggest IPO, Pops in Public Debut
Text size Bausch + Lomb’s IPO is the second-biggest so far this year. Scott Olson/Getty Images Eye-care company Bausch + Lomb and biotech PepGen kicked off their lives as public companies Friday...
What Bitcoin Could Be Worth to Fidelity. You’ll Be Surprised.
Text size Fidelity’s push into Bitcoin is raising controversy but could be lucrative for the company. Dreamstime.com Fidelity Investments shocked the retirement industry last month with a move t...
Will stocks tumble further Monday? Bitcoin’s weekend performance may provide some clues
Bitcoin was holding near $36,000 on Friday, after it fell to $35,280, the lowest level since Jan. 23, as U.S. stocks extended losses, while Treasury yields rose and the dollar soared to some of its hi...
Based on 19 bear markets in the last 140 years, here’s where the current downturn may end, says Bank of America
At nearly the halfway mark in a volatile year of trading, the S&P 500 index is down, but not out to the point of an official bear market yet. According to a widely followed definition, a bear mark...
The Fed raised interest rates – what to do now with your retirement portfolio
Inflation is rising, the stock market is volatile and now the Federal Reserve has raised interest rates – but investors, as always, should steer clear of any major changes, financial advisers said. T...
What the Fed’s Interest-Rate Increase Means for Your Mortgage, Loans, Savings
The Federal Reserve raised its short-term benchmark rate by a half-percentage point on Wednesday, the sharpest increase since 2000, to a range between 0.75% and 1%. Though widely expected, the move wi...
‘My aim is to have a net worth of at least $100,000’: I’m 29 and live with my mom in a rented mobile home. I have a $25K emergency fund and $26K in a Roth IRA. What do I save for next?
I am doing OK financially as a single 29-year-old who unfortunately is still roommates with my mom. We split everything down the middle and I mainly stay with her since it is very expensive to live on...
Powell wants to get rates closer to neutral. But what’s neutral? Think between 5% and 6%, former top Fed staffer says
With U.S. inflation surging higher than anyone expected, Fed Chairman Jerome Powell, has laid out a policy path where the Fed is going to move quickly to get its benchmark interest rate up to “to a mo...
‘I can’t afford to pay the loan because I’m on a fixed income.’ I’m a 57-year-old widow with $67K in student loan debt. Can you help me get rid of it?
There are some forgiveness and benefit options, including some specific to military spouses that could provide financial compensation. AP Question: I’m a military wife, and my husband died on active d...
Crypto enthusiasts sniff at Buffett, Munger comments on bitcoin. ‘It took them decades before they decided to invest in Apple,’ one analyst says.
Warren Buffett and Charlie Munger doubled down on their criticism of bitcoin at Berkshire Hathaway’s annual shareholders meeting Saturday, while crypto enthusiasts appear unswayed. Buffett, Berkshire’...
‘We do not plan on getting married’: I’m moving into my boyfriend’s home. He bought it a year ago and paid off 25% of his mortgage. How do I get a stake in his home that’s fair to both of us?
My boyfriend and I would like to move in together in the next year or so. He bought his house about a year ago, and he has paid off about 25% of it. We both would like for me to gradually become a par...