After two consecutive weeks of declines, mortgage rates have moved higher once again. Where they will go in the short term, though, largely depends on what happens overseas. Mortgage rates could fall ...
Tag: Banking
EBay CEO outlines new digital wallet, storage facility as part of long-term strategy
It was a coming out of sorts for eBay Inc. CEO Jamie Iannone at the company’s investor day on Thursday. In his first meeting with analysts since taking over the top spot at eBay EBAY, -4.39% nearly tw...
4 of the top 100 financial advisers on the best money advice they’ve gotten
Often, advisers have received tips from mentors and colleagues to help them successfully conduct business, grow wealth and interact with their investors. Getty Images When it comes to investing and ma...
Standard Deduction 2021-2022: How Much Is It?
The standard deduction is the amount taxpayers can subtract from income if they don’t break out deductions for mortgage interest, charitable contributions, state and local taxes and other items separa...
6 financial advisers on how they’re handling their investments amid inflation
Amid high inflation, here’s what financial planners are personally doing with their money. Getty Images/iStockphoto The rate of U.S. inflation hit 7.9% in February, according to government data releas...
PayPal Stock Gets Downgraded, but Another Analyst Says Stay Patient
Text size PayPal recently suspended services in Russia. Justin Sullivan/Getty Images PayPal Holdings was the subject of debate on Wednesday, with BofA Securities downgrading the stock to Hold, while M...
Should You Buy the Grayscale Bitcoin Trust Fund? It’s on Sale—and That Could Be a Trap.
In closed-end funds, anything trading around 70 cents on the dollar might seem too good to pass up. Investors can get that kind of bargain now in the Grayscale Bitcoin Trust . But this may be a case w...
Planning to retire? Don’t get hit with a surprise tax bill for this common mistake
How much of your salary is withheld from your paycheck affects what you receive, or owe, at tax time – with the wrong number selected, you could be in for quite a surprise. Retirement Tip of the Week...
I took out $30K in student loans, but they now total $96K. How is this possible?
How to get out of student loan debt Getty Images/iStockphoto Question: I’d like to obtain advice on tackling student loan debt. I do not have private loans, and I owe approximately $96,000. I’m so con...
Global council adds DeFi banking firm Scallop to help secure payment data
A council formed by traditional finance conglomerates American Express, Discover, Visa and Mastercard welcomes a decentralized finance (DeFi) banking firm to its participating organizations that help ...
Russian Banks Turn to China to Sidestep Cutoff From Payments Systems
Russian banks that have been cut off from global payments networks are turning to China’s state-owned UnionPay system as the country tries to sidestep boycotts by Western businesses for its invasion o...
Morgan Stanley Hires 2 Advisors From J.P. Morgan
Morgan Stanley hired two advisors from J.P. Morgan Securities, the brokerage arm of JPMorgan Chase. Advisors Mark Horowitz and Joel Bodner previously managed approximately $750 million in client asset...
Mortgage Interest Deduction: How It Works in 2022
The number of taxpayers claiming mortgage interest deductions on Schedule A has dropped sharply since the 2017 tax overhaul enacted both direct and indirect curbs on them. For 2019, about 13 million f...
Why War and Sanctions Are Good for Bitcoin
Illustration by Elias Stein Text size Russia’s invasion of Ukraine is pressuring equities, pumping up oil prices, and scrambling Federal Reserve plans to raise rates. Through it all, Bitcoin has been ...
If your financial adviser didn’t ask these 6 questions, give them a call
Getty Images You may know all the questions you should be asking your financial adviser (if not, read our story on the questions to ask here), but did you know a new adviser should also be asking you ...
Adoption of CBDC Will Not Materially Affect the Banking System – Fintech Bitcoin News
Israel’s central bank says the public’s adoption of the digital shekel is not expected “to materially affect the banking system.” The bank, however, warns that any issuance of such digital currency wi...
13 Stocks That Have Too Much Russian Exposure—and 6 Stocks That Could Benefit
Text size Photo by MANDEL NGAN/AFP via Getty Images U.S. companies are fleeing Russia, something that could create headwinds going forward. For companies in countries that haven’t imposed sanctions, h...
Why Did Mortgage Rates Fall Again? How Ukraine and Russia Affect Housing.
Text size The average rate on a 30-year fixed mortgage rate fell to 3.76% this week. Dreamstime.com Mortgage rates fell for a second consecutive week after Russia’s invasions of Ukraine triggered a fl...
I’m 60 with ‘well into seven figures’ saved. Should I get a financial adviser?
Getty Images/iStockphoto Question: I am 60 years old, single and don’t have any children. I am well into seven figures with retirement savings, made up of three 401(k)s, two mutual funds and a $350,00...
Banking Giant JPMorgan Makes New Investment in Crypto Analytics Firm
The largest bank by assets in the United States is investing in a blockchain intelligence firm as the adoption of crypto assets continues to deepen. Cryptocurrency analytics firm TRM Labs says in a st...
Here’s exactly how much money is in the average savings account in America
But whatever the rules, one thing is clear: Americans who do save are saving more than they used to. Getty Images/iStockphoto While there’s no magic number as to the amount of money someone should hav...
MENA Islamic Banking & Finance Summit 2022 Going to Take Place This March in Dubai
The global Islamic finance industry has expanded 10% to 12% in 2021-2022. The expansion of Islamic banking and Islamic financial assets in the Middle East region along with Malaysia and Turkey has bee...
Putin signs decree to prohibit leaving Russia with more than $10,000 in foreign currency
Russian President Vladimir Putin on Tuesday signed a decree that prohibits taking more than $10,000 worth of foreign currency in cash and “monetary instruments” out of Russia. The move comes in respon...
‘They all promise to help’ but no financial adviser seems to offer what I need. I have two 401ks, Roth accounts and real estate, and want a one-time plan for managing my money myself. Can you help?
Looking for a financial planner who works for a flat fee? Here’s some advice on how to do it. Getty Images Question: I have done a lot of research to find a fiduciary, but the bottom line is I have ye...
12 dividend stocks paying at least 3.5% that are well-suited for high inflation
Investors may have turned for a moment from Russia’s aggression in Ukraine to energy and supply shortages in the U.S. that are producing high inflation. With purchasing power crumbling, patient invest...