Carvana’s Share Price, Down 95% Since Pandemic Peak, Hits Another Roadblock

Few stocks suffered more after interest rates started rising than online used car seller Carvana its shares off 95% since their pandemic peak in August 2021. Carvana’s shares took their latest leg dow...

Celsius Owes Users More Than $4.7 Billion

Celsius Network LLC has a roughly $1.2 billion hole in its balance sheet, with the majority of its liabilities owed to the cryptocurrency lender’s users, according to a Thursday filing by Chief Execut...

Cryptocurrency Is Coming to Your Credit Cards

Cryptocurrencies are a volatile investment today, but card companies including Visa Inc. and Mastercard Inc. are betting crypto will one day be used routinely for everyday purchases from food to cloth...

Upstart stock plunges again after admitting it won’t hit disappointing forecast

Upstart Holdings Inc. disappointed investors with its guidance in May, and faces Wall Street’s wrath once again after admitting Thursday it came up well short of the mark. Upstart UPST, +1.96% disclos...

IPOs From 2021 Have Crashed. It May Be Time to Buy Some of Them.

Text size A view of the Fearless Girl statue wearing an F45 Training hat. Noam Galai/Getty Images Most initial public offerings from 2021 have performed badly, and Jefferies suggests that 13 from that...

I want to retire next year, but I have $25,000 in credit card debt and a major monthly mortgage payment — I also live with my three kids and ex

I’ll be 57 next month and am divorced with three kids living with me. One is 28, she’s working, another is 21 and a senior in college (with a full scholarship) and the youngest is 15 (a sophomore in h...

3 crucial financial moves to make now after the Fed’s biggest rate hike since 1994

In a matter of months, it’s become more expensive to carry a credit card balance, a car loan or a mortgage as the Federal Reserve’s interest rate hikes have seeped into borrowing costs. It’s tough med...

What the Fed Rate Hike Means for Your Savings, Credit Cards and Loans

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Berkshire Hathaway’s Equity Portfolio Is Down An Estimated $65 Billion So Far in This Quarter

Text size Warren Buffett’s Berkshire Hathaway wasn’t a buyer of its own stock in April, but that might have changed with the market’s recent drop. Paul Morigi/Getty Images for Fortun...

Apple Is Delving Into ‘Buy Now Pay Later,’ or BNPL. How to Play It.

Many of us are glued to our iPhones. If Apple has its way, the device will get stickier. The company announced a new “tap to pay” feature this past week—aiming to get consumers to pull out their iPhon...

Apple is offering ‘buy now, pay later.’ 4 reasons to think twice before signing up

After months of speculation, Apple AAPL, -0.45% finally unveiled its buy now, pay later offering this week, wading into an industry that’s experienced explosive growth. But consumers should be wary of...

‘I am a 53-year-old single man with very little savings’: I want to take out a 30-year mortgage, but pay it off in 7 years. Is that possible?

I am a 53-year-old single man with very little in savings. I paid off all my credit-card debt a couple of years ago. I have now decided to purchase a home. My rent has increased to the point where it ...

He has $100K in credit card debt, $60K in bitcoin. 4 money pros on what to do

What to do when you have crypto assets and debt to contend with. Getty Images/iStockphoto “I have $100K in credit card debt, but $60K in bitcoin. Should I use it to repay the debt, or hold onto bitcoi...

SoFi shares have taken too heavy a beating ahead of ‘significant earnings momentum,’ analyst says

SoFi Technologies Inc. shares have taken too much of a beating, according to a Piper Sandler analyst who upgraded the stock Monday. Piper Sandler’s Kevin Barker said in a Monday note to clients that t...

SoFi Stock Spikes. Market May Be ‘Over-Discounting’ Growth Potential.

Text size Dreamstime Sofi Technologies stock was spiking Monday after it was upgraded by Piper Sandler analyst Kevin Barker, who said the market may be over-discounting the financial services company’...

Oil prices are surging — these eight stocks are still bargains for long-term investors

The combination of underinvestment in new oil wells and rising demand underscores what might be a long period of high prices for energy commodities. Meanwhile, many oil and gas stocks are still tradin...

SoFi tops expectations with latest earnings, gives mixed outlook

SoFi Technologies Inc. topped expectations with its latest results Tuesday but delivered a mixed forecast in an earnings report that came out several hours before it was officially expected. SoFi SOFI...

SoFi Stock Tumbles as Earnings Published Ahead of Schedule

Text size Dreamstime SoFi Technologies stock has resumed trading after formally releasing the earnings that had been released early by Bloomberg. The earnings weren’t supposed to arrive until after th...

Upstart stock plunges 46% after earnings as company cuts outlook

Shares of Upstart Holdings Inc. plunged 46% in after-hours trading Monday after the company cut its forecast for the full year, warning that the current macroeconomic climate is expected to weigh on l...

What the Fed’s Interest-Rate Increase Means for Your Mortgage, Loans, Savings

The Federal Reserve raised its short-term benchmark rate by a half-percentage point on Wednesday, the sharpest increase since 2000, to a range between 0.75% and 1%. Though widely expected, the move wi...

Gas prices are up roughly 40% from just a year ago. So you may want to try this method to get ‘basically free money’ for gas — but there’s a catch

Is a gas credit card right for you? Getty Images Amid high inflation, rising prices of crude oil and the war in Ukraine, gas prices have jumped from an average of about $2.88 per gallon a year ago, to...

Apple, IBM, and 14 More Companies That Raised Their Stock Dividends

Text size IBM plans to raise its dividend. Migel Medina/AFP via Getty Images Apple, International Business Machines, and Discover Financial Services were among the large U.S. companies that announced ...

Tesla, AT&T, Netflix, Bank of America, IBM, and Other Stocks to Watch This Week

Text size First-quarter earnings season picks up next week, with 67 S&P 500 companies scheduled to report.  Bank of America will be Monday’s highlight, followed by Netflix , Johnson & Johnson ...

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 ...

Russia Built Parallel Payments System That Escaped Western Sanctions

Western sanctions have disrupted nearly every part of Russia’s financial system, but there is one big exception. The domestic-payments system continued to work smoothly after Visa Inc. and Mastercard ...

Older Americans, Flush With Housing and Stock Portfolio Wealth, Poised to Revive Spending This Year

Covid-19 kept many older Americans on the sidelines of the recovery in consumer spending as they held back from in-person services like dining and travel. But their spending is picking up as the Omicr...

NerdWallet and SoFi CEOs Bought Up Stock on the Dip

Text size NerdWallet’s app Courtesy NerdWallet Shares of companies pointed at the personal-financial space have been pummeled far worse than the broader market, but their chief executives are bu...

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...

SoFi stock soars after fintech company gives upbeat earnings outlook

Shares of SoFi Technologies Inc. were soaring 14% in after-hours trading Tuesday after the financial-technology company exceeded expectations with its earnings outlook. SoFi SOFI, -2.18% recorded a fo...

Berkshire Hathaway’s Stake in American Express Is Poised to Hit 20%

Text size Berkshire Hathaway CEO Warren Buffett Paul Morigi/Getty Images for Fortune/Time Inc Berkshire Hathaway ‘s longstanding stake in American Express is set to hit the 20% threshold in the coming...

Meritor shares headed toward 24-year high after Cummins buys axle, braking and powertrain maker for $3.7 billion

Shares of Meritor Inc., a maker of axle, braking and electric powertrain components, were headed toward a 24-year high Tuesday, after the company announced a deal to be acquired by diesel truck engine...

SoFi Stock Drops After News of Deal for Technisys

Text size The SoFi website is shown on a smartphone. Gabby Jones/Bloomberg Shares of SoFi Technologies plunged more than 8% Tuesday after the fintech said it is buying the banking software provider Te...