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...
Tag: Banking
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...
Bank Of China “Quite Cautious” About U.S. Growth Outlook: U.S.-China Business Forum
Bank of China’s U.S. President Hu Wei, right, with Steve Orlins, president of the National Committee … [+] on U.S.-China Relations, at the U.S.-China Business Forum at Forbes on Fifth in N...
Web3 Platform Dexsport Enables Direct Crypto Purchases with Banking Cards
The web3 betting platform Dexsport completed a massive update entitled RED. Now, Dexsport users are able to buy crypto directly from their web3 wallets using banking cards. Furthermore, Dexsport went ...
Senator claims the FDIC is stonewalling banks that try to work with crypto
Senator Pat Toomey, R. PA, is calling the Federal Deposit Insurance Corporation to account for its work in crypto. In an August 17 letter to FDIC acting chairman Martin Gruenberg, Toomey says the age...
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...
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...
Banks should notify Reserve Board before engaging in crypto activity
The Federal Reserve Board released new information for banking organizations that want to engage in crypto-asset activities on Tuesday. Board-supervised banks should notify the board before engaging ...
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% ...
Brazil’s Digital Banking Platform Nu Holdings Adds 5.7m new customers in Q2
Fintech unicorn Nu Holdings has added 5.7 million new customers in the second quarter of 2022. The Brazilian digital banking platform now has 65.3 million people and businesses using its services. Nu ...
‘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...
J.P. Morgan Says the Stock Market Is Poised for More Upside; Here Are 2 Stocks the Banking Giant Likes
The big question on investors’ minds right now is, where will inflation go? And the related follow-up question, for everyone, is, how far will the Fed hike rates in response? The potential answers cov...
Fed Could Give Crypto Banks Access To Legacy Banking System
According to a press release, the U.S. Federal Reserve (Fed) might provide crypto banks and other entities with access to Federal Reserve accounts and payment services. Following two proposals from th...
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...
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 ...