A New York retired nurse lost $43,000 of her life savings to bitcoin scammers, after transferring the money to them through a malicious computer pop-up – an unfortunate reminder to be vigilant when it...
Tag: Banking
Nvidia Stock Gains on Upgrade. Ethereum Won’t Crash It the Way Bitcoin Did.
Text size Gamers compete at the ‘Nvidia’ booth during the Electronic Entertainment Expo E3 in Los Angeles. Christian Petersen/Getty Images Nvidia stock was rising Wednesday after it receiv...
Banking associations in China target NFTs for the market –
Non-fungible tokens (NFTs) in China’s Internet Financial Association has received attention The China Banking Association and the China Securities Association will steadfastly control the propensity o...
Circle to Submit Banking Operation Application Imminently
Boston-based cryptocurrency payments startup Circle Internet Financial will shortly submit its application to operate as a bank in the United States. With the announcement from CEO Jeremy Allaire, Cir...
Stablecoin USDC Issuer Circle to Apply for U.S. Crypto Banking License
Circle Internet Financial, the second-largest stablecoin USDC issuer, said it is now close to applying to U.S. regulators to operate as a bank. The company did not disclose when it would file the subm...
PayPal Stock Is Falling. It’s Not Because Its CFO Is Leaving for Walmart.
Text size PayPal’s has a new interim CFO. Justin Sullivan/Getty Images Walmart said late Tuesday that it had named John Rainey as its chief financial officer. Rainey currently holds the same pos...
As mortgage rates climb, one big thing homebuyers should consider doing now
Is a mortgage rate lock right for you? Getty Images Mortgage rates will likely rise throughout 2022, many experts predict. Indeed, both Holden Lewis, home and mortgage expert at Nerdwallet, and Jeff O...
Chinese Banking Associations Target NFTs
China’s Internet Financial Association, the China Banking Association and the China Securities Association want to “resolutely curb” the tendencies of non-fungible tokens (NFTs) to b...
‘The weight of this debt is crushing’: I’m 74, and a retired speech-language pathologist with a student-loan debt of $200K. Am I obliged to pay it off?
Dear Quentin, I have not seen anyone address student-loan debt for people over 70 years of age. I am a 74-year-old retired speech-language pathologist with a student-loan debt of $200,000. I’m on a ...
Telco Giant, MTN, to Start Banking in Nigeria
MTN Nigeria, the Nigerian division of the MTN Group, a South African multinational mobile telecommunications company, has received final approval from the Central Bank of Nigeria (CBN) to operate its ...
Battle Financial to Use Temenos Banking Cloud Services
On Tuesday, Temenos, a SIX-listed cloud Cloud The cloud or cloud computing helps provides data and applications that can be accessed from nearly any location in the world so long as a stable Interne...
As inflation hits a new 40-year high, 5 financial advisers on what they’re doing with their own money amid high inflation
Getty Images/iStockphoto The annual rate of inflation in the U.S. rose to 8.5%, which is a four-decade high, new consumer price index data revealed. Inflation hasn’t been this high since the early 198...
Bitcoin Prices, Other Cryptos Fall—and Why One Trader Sees a Tumble to $30,000
Text size Bitcoin and the rest of the crypto space has come under pressure amid a shift in Fed policy. Rutmer Visser/Dreamstime Bitcoin and other cryptocurrencies slipped lower on Monday, continuing t...
‘It seems a bit like Lucy pulling the football away.’ Student loan borrowers got another break on payments — what comes next?
President Joe Biden extended the lifeline the federal government has provided to most student-loan borrowers during the pandemic. But that doesn’t mean these borrowers are feeling any more assured of ...
I’m 62 with $100K in student loans and $13K in credit card debt. What can I do?
How to get out of student loan debt Getty Images/iStockphoto Question: I work as a nurse for a small for-profit agency. I am salaried and have no option for overtime. I only have every other weekend ...
Goldman Sachs, JPMorgan, Delta, TSMC, and Other Stocks for Investors to Watch This Week
Text size Uncredited First-quarter earnings season begins this week, kicked off as always by results from several big banks. JPMorgan Chase reports on Wednesday, followed by Wells Fargo , Goldman Sach...
FinTech Looks Like a $1.5 Trillion Growth Market
Illustration by Elias Stein Text size Wells Fargo ’s Jeff Cantwell says the time to buy fintech stocks is now—14 of them. Cantwell has started coverage of the group with Overweight ratings for all. Th...
The housing market is running hot. Can the Fed cool it before it crashes?
When the “Bond King” Bill Gross sat down recently with Barry Ritholtz for an episode of “The Big Picture” podcast, the billionaire investor and PIMCO founder took a pretty skeptical view of who might ...
US Banking Giant Issues Dire Economic Warning, Says Shock Wave Could Send Crypto and Commodities Soaring: Report
Bank of America strategists reportedly say that a shift in the macroeconomic landscape could be the catalyst that sends the crypto markets to higher prices. According to Reuters, analysts at the banki...
I’m 61, left my job due to medical reasons, and made $150,000 from the sale of my home. I’d like to work for at least another 5 years. Can I still retire? If so, how?
Dear Quentin, I recently sold my house and had to leave my job due to a medical issue that was easily resolved, and I am now fine. I have approximately $150,000 in my checking account from the sale of...
‘We are not sure how prepared we are for retirement’ – we are 60 and 61, and don’t know how much longer we can work, have $360,000 in retirement savings and a pension
I am a 61-year-old teacher in Missouri who plans to work 3-4 more years before retiring. Depending on what option my husband and I choose from the Public School Retirement System, we should get betwee...
Inflation Is Here to Stay. How to Adjust Your Portfolio.
Inflation is rampant and ubiquitous today, from the gas pump to the grocery store. The U.S. consumer price index has quadrupled in the past year, from a 1.7% annual rate in February 2021 to 7.9% this ...
Do I resist refinancing my $160,000 federal student loan at a lower rate in the hope there will be loan forgiveness? What are the chances it will happen?
I graduated from college in 2017 with more than $210,000 in federal student-loan debt thanks to out-of-state tuition, a master’s program, and not fully understanding this cost at that time. I’ve chise...
Retired? Here’s when you don’t have to file your taxes – and when you do
Not all seniors need to file a tax return, but others may incorrectly think they fall in this category – don’t make that mistake. Retirement Tip of the Week: If you don’t plan to file a tax return th...
We are both doctors but struggle with $472K in student loans. Can we get help?
How to get out of student loan debt Getty Images/iStockphoto Question: I have $237K in loans and my wife has $235K in loans. We are not currently making any payments [thanks to government relief] but ...
Inflation is raging, but these 16 companies have pricing power
Decades of deflationary forces that helped feed booming prices for U.S. stocks are over, at least for now. But some companies are countering the trend, by a combination of holding down expenses and ra...