Text size Attorney Ron Olson walks to a session at the Allen & Company Sun Valley Conference in July 2021. Kevin Dietsch/Getty Images A longtime director of Berkshire Hathaway snapped up the stock...
Tag: Banking
Banking Circle adds USDC payments and fiat conversion
Financial infrastructure provider Banking Circle said July 8 that it has started offering payment acceptance, process, and settlement in USDC. Banking Circle’s Head of Virtual Asset Services Mishal Ru...
The IRS audited ex-FBI director James Comey and former deputy Andrew McCabe. What are the odds?
In recent years, the Internal Revenue Service has been processing around 150 million to over 160 million tax returns annually, doing the work with a shrinking staff and an inflation-adjusted budget th...
Buffett Bought More of Occidental. Here’s What Happened With HP, Citi, Coke.
Text size Warren Buffett has losses as well as wins on his record of stock picking. AFP via Getty Images Billionaire investor Warren Buffett disclosed that he has increased his stake in Occidental Pet...
Russian Banking Association Head Proposes Crypto Exchange Under MOEX
Aksakov emphasised that MOEX is entirely complying with the central bank laws. As a result of the penalties, MOEX’s activities were put on hold for a month. It was recommended by the Head of state of ...
The DOL has a new IRA rollover rule for advisers to follow
IRA rollovers are common, whether they’re from an old 401(k) or just one account to another, but a newly implemented Department of Labor rule says financial advisers suggesting the move have some expl...
A prominent economist on how much inflation could be eating into your savings
What is inflation doing to your savings? Getty Images/iStockphoto Inflation stubbornly remains at a 40-year high, with the latest numbers showing that the U.S. inflation rate hit 8.6% in May, compared...
The Future Is Natural
Society is really, really interconnected. And yet, unlike nature, it doesn’t operate in harmony with nature. getty Imagine yourself on the International Space Station looking down at Earth with a spec...
Borrowers are on edge—will Biden cancel student debt or not? Here’s what’s going on.
The “he” is, of course, President Joe Biden. Some 43 million borrowers are hanging onto hope that Biden will take executive action to relieve at least some of their collective $1.7 trillion debt. Rumo...
Peter Thiel-Backed Crypto Lender Vauld Suspends Withdrawals
A cryptocurrency lender backed by Peter Thiel and Coinbase Global Inc. suspended withdrawals, trading and deposits on its platform, citing volatile market conditions and financial difficulties facing ...
Bitcoin Prices Struggle Below $20,000. Why Tuesday Could Bring a Bigger Move.
Text size Bitcoin has failed to consistently breach the key $20,000 mark. Ozan Kose/AFP via Getty Images Bitcoin and other cryptocurrencies were largely unchanged on Monday, with digital assets contin...
Biden Administration Weighs Move to Trim Mortgage Costs as Home Prices Rise
WASHINGTON—The Biden administration is weighing a move to trim mortgage costs for first-time and lower-income buyers, a bid to boost affordability when average home prices are at an all-time high. Pre...
Crypto Took Wall Street on a Wild Ride. Now It’s Ending in Tears.
Cory Klippsten is a big fan of Bitcoin. But his affinity for cryptocurrencies ends there. Klippsten, head of a company called Swan Bitcoin, sees a growing minefield of scams, fraud, and risky products...
Banks Get Burned by Risky Debt, Imperiling Buyout Activity
By Laura Cooper July 3, 2022 9:03 am ET Listen to article (2 minutes) Investment banks are facing big losses on leveraged buyouts they agreed to finance before markets soured, further chilling the out...
Celsius Customers Are Losing Hope for Their Locked-Up Crypto
It has been three weeks since crypto lender Celsius Network LLC took the drastic step of halting customers’ withdrawals. Many people are starting to wonder if they will ever see their money again. All...
The 60-40 portfolio is supposed to protect investors from volatility: so why is it having such a bad year?
The first half of 2022 has been a historically bad stretch for markets, and the carnage hasn’t been limited to stocks. As stocks and bonds have sold off in tandem, investors who for years have relied ...
Tesla Vehicle Deliveries Tumble After China Factory Shutdown
Tesla vehicle deliveries fell quarter-over-quarter for the first time in more than two years, reflecting an extended shutdown in China, supply-chain disruptions and challenges associated with opening ...
Grayscale Bitcoin Trust’s Discount Is Tempting. Why It’s Not a Slam Dunk.
There is a way to buy Bitcoin for nearly a third less than the market price, but investors do so at their peril. That is the broad lesson to draw from the travails of the Grayscale Bitcoin Trust (tick...
Crypto hedge fund Three Arrows files for U.S. bankruptcy
Crypto hedge fund Three Arrows Capital has filed for bankruptcy under Chapter 15 of the U.S. Bankruptcy Code, according to a court filing in the Southern District of New York on Friday. Three Arrows C...
My account fell 20%, and my adviser couldn’t explain why. What’s the right move?
Should you ditch an adviser who can’t clearly communicate losses. to you? Getty Images/iStockphoto Question: I went through a 20% loss with my investments at a big bank. I was told by the adviser that...
Banking Giant JPMorgan Says Bitcoin and Crypto Meltdown May Be Short-Lived – Here’s Why
Financial services giant JPMorgan says the latest Bitcoin (BTC) and crypto market meltdown may be fleeting. According to a new BNN Bloomberg report, JPMorgan analysts say the crypto market’s current d...
‘I wouldn’t be successful at my job without her’: My friend cleans, cooks and cares for my child. I pay her $50 a day. Am I taking advantage of her?
I’m a working-from-home mom and my supervisors have no intentions of bringing me back to the office at this time. In order to actually get work done, I have pieced together childcare using the help of...
This veteran money manager has seen it all. And these 19 dividend stocks pass his rigorous quality screen right now.
Lewis Altfest’s time in the finance industry spans seven decades. He has some words of advice for investors who aren’t used to stomach-churning stock-price moves. He founded Altfest Personal Wealth Ma...
PayPal stock slips after downgrade: ‘Hard to ignore e-commerce woes’
PayPal Holdings Inc. PYPL shares have a “supportive” valuation after a recent slide, but the company may still face challenges stemming from pressure on the e-commerce industry, according to an analys...