I am a 62 year-old single man and have never had a retirement account. I do own both my home and a rental property which are paid for and I have no other debt. I have $100,000 in savings which I would...
Tag: Banking
Bitcoin Has Stumbled. That’s Not a Good Sign for Stocks.
Text size Bitcoin’s drop isn’t much of a surprise. Interest rates have risen in the past few weeks as markets worry that the Federal Reserve would keep lifting rates to combat high inflation. Risk ass...
Shrinking the Fed’s balance sheet sheet is not likely to be a benign process, new Jackson Hole study warns
“If the past repeats, the shrinking of the central bank’s balance sheet is not likely to be an entirely benign process and will require careful monitoring of the banking sector’s on-and off-balance sh...
Banking behemoth MUFG invests in Animoca Brands Japan’s $45 million raise
Animoca Brands Japan, a subsidiary of web3 investment firm Animoca Brands, has raised $45 million from Mitsubishi UFJ Financial Group, Inc. (MUFG) and Animoca Brands. This brings the subsidiary’s pre-...
Thailand Banking Giant Pulls Plug on Bitkub Acquisition Deal – crypto.news
Thailand’s oldest bank Siam Bank Commercial (SCB) has decided to end plans to acquire a stake in the country’s leading cryptocurrency exchange Bitkub, citing pending regulatory issues. SCBx Ends Share...
Here are 5 reasons why energy stocks look like a buy despite rising 74% in a year
Stocks in the S&P 500’s energy sector still have plenty of upside despite their 74% surge in the past 12 months, according to Jeff Buchbinder, chief equity strategist at LPL Financial. The strong ...
NearPay connects banking to crypto with virtual credit cards
The worlds of fiat and crypto have finally become entwined as NearPay launches its virtual crypto cards and wallet apps. NearPay has launched its virtual crypto cards together with its wallet, availab...
‘The backlash to quiet quitting smacks of another attempt by the ruling class to get workers back under their thumbs:’ Am I wrong?
I have something to get off my chest. Please bear with me. We learned a lot from the (more than) two years of pandemic life. Among those lessons: 1. We can be really effective and productive working ...
‘Home prices where I live are close to $600,000.’ Is it a smart move to buy a house with all-cash — or better to take out a mortgage?
Dear Big Move, I’ve recently been thinking about purchasing my first home at 35. I have a nest egg of about $1.8 million that I’ve accrued over the past 14 years. This money is completely invested in...
Opinion: These 3 safe stocks yield more than 10-year Treasurys
After the volatility of early 2022 and the aggressive rate tightening by the Fed, there’s a return of chatter about the “Great Rotation” – that is, a broad move among investors to reduce exposure to g...
Plaid executive breaks down the future of digital finance
Episode 78 of Season 4 of The Scoop was recorded remotely with The Block’s Frank Chaparro and Plaid head of UK/EU Keith Grose. Listen below, and subscribe to The Scoop on Apple, Spotify, Google ...
Financial markets are bracing for what could be a ‘very hawkish’ Jackson Hole speech by Fed’s Powell
Financial markets are bracing for Friday’s widely-anticipated Jackson Hole speech by Federal Reserve Jerome Powell and expecting that he’ll signal the continued need for aggressive interest-rate hikes...
Why Banking Is Our Collective Purpose – And Why It Shouldn’t Be
getty One could argue the sole goal of all economic policy in the United States is to ensure that the gross domestic product (GDP) keeps growing; that’s another way of saying that the sole goal of all...
Zoom Video Stock Dives. Citi Says Lowered Guidance May Be ‘Too Optimistic.’
Text size Zoom cited soft performance in its online business, a segment focused on smaller businesses and the consumer. Olivier Douliery/AFP/Getty Images Zoom Video Communications stock dived Tuesday ...
Bed Bath & Beyond Clinches Loan Deal
Bed Bath & Beyond Inc. has found a financing source to shore up its liquidity as it tries to weather recent missteps, according to people familiar with the matter. The company on Tuesday told pros...
PayPal Partners With TRUST Network to Ensure Banking Compliance
PayPal has joined Coinbase’s Travel Rule Universal Solution Technology (TRUST) network, which aims to “protect the security and privacy” of customers while complying with the banking industry’s Travel...
Citi head of forex to leave bank for digital assets role: source
Staley, who is also a Citi veteran with more than 18 years under his belt, has headed up APAC markets and securities services for over four years. He previously worked for Texas-based energy services ...
Grammy winner Ed Sheeran is worth an estimated $200 million — but he’s a fan of this penny-pinching savings hack (and psst: pros say you may want to do it too)
Ed Sheeran Getty Images for the Ruth Strauss Foundation Thanks to hits like “Shape of You,” “Bad Habits,” “Castle on the Hill” and “Perfect,” Grammy Award winning singer-songwriter Ed Sheeran has an e...
Berkshire Hathaway Could Owe Billions on Stock Gains Under the New Tax Law
Warren Buffett, CEO of Berkshire Hathaway, likes holding favorite stocks forever. Johannes Eisele/AFP via Getty Images Text size Berkshire Hathaway CEO Warren Buffett has long said that his favorite i...
Beware of a ‘bear trap’ retreat in stocks after the big summer rally, strategists warn
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...
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...
‘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...
Despite What You’re Told, Banks Do Not ‘Create Money’
In addressing what’s ridiculous, it’s probably best to start with something basic. Let’s imagine you the reader possess $1,000 in cash. As the owner of those funds you have no limits on what you can d...
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 ...
These dividend stocks can protect you as the Federal Reserve slows the economy
With Federal Reserve Chairman Jerome Powell set to deliver an important speech Friday, investors may finally begin to take him at his word: The central bank is going to maintain a hawkish stance to co...