U.S. stock and bond markets will be closed for Presidents Day on Monday. Fourth-quarter earning season resumes when Wall Street returns, with results from Agilent Technologies, Home Depot, and Medtron...
Tag: Banking/Credit
JPMorgan Now Expects Nine Straight Fed Rate Increases Until March 2023
Text size Wall Street banks are predicting more aggressive rate increases by the Federal Reserve. Stefani Reynolds/AFP/Getty Images Economists at JPMorgan Chase said the Federal Reserve would likely r...
Bitcoin Falls to Below $40,000 as Wall Street in ‘Full De-Risking Mode’
Text size Dreamstime.com Bitcoin fell below $40,000 Friday on renewed worries of an imminent Russian invasion of Ukraine and the prospect of higher U.S. interest rates this year. Bitcoin, the world’s...
Scorned Treasury Bonds Could Be Good Bet After Fed Boosts Rates
Rarely has there been such unanimity of opinion among both Federal Reserve officials and the cadre of analysts who track and try to predict their future moves. Monetary policy will be tightened with a...
IRS to activate second ‘surge’ team to handle millions of backlogged tax returns
Two weeks ago, the Internal Revenue Service said it was reassigning 1,200 staffers as a “surge team” of reinforcements tasked with cutting into a backlog that included millions of unprocessed returns ...
Week’s Best: Wealthy Investors Are Hanging On to Their Cash
Advisors take note: despite a January increase in consumer prices not seen in four decades, investors are stubbornly clinging to cash positions or cash equivalents like CDs, according to a new survey ...
Opinion: How to invest like a millionaire and build wealth for retirement
Over the course of my career, I’ve had the opportunity to work with multiple self-made millionaires. Though they come from varied backgrounds, these investors have a few key habits in common—ones that...
I’m 35 and have $380K in student loans. How to get out of student loan debt fast
Getty Images/iStockphoto Question: “I’m 35 years old, I have one kid and another on the way. My partner is afraid to marry me because of my debt, and I don’t have a steady income. I have two masters d...
Nvidia’s Earnings Are Today. What to Expect.
Text size The graphic chip giant has become the top semiconductor maker in the U.S., eclipsing Intel. Justin Sullivan/Getty Images Graphics chip giant Nvidia is expected to post strong financial resul...
Retirees, pay attention – inflation is on the rise
Americans are spending more money because of high inflation — this can be a big problem for older individuals living on a fixed budget. Inflation is at a 40-year-high, at around 7.5% in January, acco...
GE’s Annual Report Is Shorter Again. Things Are Changing.
Text size General Electric plans to break itself into three parts. Sebastien Bozon/AFP via Getty Images General Electric ‘s latest annual report is more evidence that the company is shaking itself up....
The average savings account pays 0.06%. Earn more at these 8 financial firms
Looking for high-interest savings? These accounts pay more than average. Getty Images/iStockphoto The national average interest rate for savings accounts is a lowly 0.06%, according to Bankrate’s Febr...
SoFi is ‘not just another neobank,’ Bank of America analyst says
SoFi Technologies Inc. picked up a new fan on Wall Street Friday as a Bank of America analyst chimed in with a bullish view of the financial-technology company. Bank of America’s Mihir Bhatia said he ...
Oil is the hottest sector, and Wall Street analysts see upside of up to 48% for favored stocks
Energy is the best-performing stock-market sector this year. Given today’s strong economic growth and inflation, many believe oil prices could remain at current levels for years or maybe even move hig...
Buy SoFi Stock, Analyst Says. The Fintech Should Deliver Strong Revenue Growth.
Text size SoFi has been focused on member growth, according to BofA. Rafaelhenriquepress/Dreamstime SoFi Technologies stock is a buy because the company will deliver strong revenue growth thanks to it...
Morgan Stanley Wants to Educate Investors on Ethereum
It’s not often that one of the major wirehouses tells clients to pay attention to cryptocurrencies, so when Morgan Stanley Wealth Management introduces a 20-page primer on the cryptocurrency Ether, it...
Inflation is at a 40-year high. 10 tips from the pros on how to invest and save
Inflation is high. Here’s what money pros say to do about that. Getty Images/iStockphoto On Thursday, the Labor Department released the latest consumer price index data, which revealed that the rate o...
‘I don’t know if it’s worth dealing with tenants’: Should I convert my home into a rental, or sell it?
I have enough money to put down on a second home — I need a slightly bigger place and another bedroom. I currently live in Portland, Ore., but I am planning to move outside of Portland. However, I’m c...
Bitcoin’s Price Isn’t Done Falling. How It Could Drop to $10,000.
Text size Stifel’s top equity strategist thinks Bitcoin prices could sink to $10,000. Dreamstime.com The bull case for Bitcoin is that it powers up to $100,000, from recent prices around $43,000...
I took out student loans for my now-imprisoned son. I owe $50K. Please help.
From student loan forgiveness to refinancing, some options to consider. Getty Images/iStockphoto Question: I just turned 60 and will probably have to work 20 more years. I currently owe about $50,000 ...
Buy the dip? Why the stock market’s bounce off January lows may prove premature
A big stock-market bounce after an ugly January might reflect misplaced confidence in a previously tried-and-true trading strategy, a Wall Street analyst warned on Monday. “After a tough markdown of s...
Crypto is volatile, but KPMG Canada just added bitcoin and ether to its balance sheet. Here’s why
KPMG in Canada has added an unknown amount of bitcoin and ether to its corporate balance sheet. The firm declined to disclose the amount of cryptocurrencies it purchased, but Kunal Bhasin, blockchain...
5 popular financial rules you might want to ditch
Traditional financial advice like the kind you got from your parents is often true but even experienced investors might rely on maxims that are outdated and no longer serving your financial well-being...
‘He promised to pay them off’: My daughter lived with a man for 9 years. He took out credit cards in her name. Will she be held liable?
Dear Quentin, I have a problem. My daughter lived with a guy for nine years. During that time, I found out that he took out two credit cards in her name without her permission. Identity theft, right? ...