Scammers are taking advantage of the holiday hubbub to defraud consumers in increasingly sophisticated schemes. While prevalent year-round, financial scams are expected to pick up during the holiday s...
Tag: Credit
4 Advisors on Their Top Bond Buys Now
With bonds offering their juiciest yields in years, we queried some wealth management pros on where they see the best fixed-income opportunities now: David Rossmiller, Bessemer Trust: We like longer b...
FTX fiasco one of the most egregious cases of ‘gross negligence,’ says Ackman
Hedge-fund titan Bill Ackman appears to be walking back comments he made via Twitter last week about Sam Bankman-Fried that some interpreted as implicit support for the 30-something who presided over ...
Sam Bankman-Fried ‘Wasn’t Even Trying’ to Manage Risk at FTX, He Says
FTX founder Sam Bankman-Fried said he made no effort to manage risk at the digital-asset exchange that filed for bankruptcy in November, part of a blitz of public statements about major oversight fail...
This is the No. 1 expense, by far, for retirement-age Americans — and pros say it shouldn’t be
Americans 65 and older spent nearly $1,000 more per month last year than they did just five years prior, according to government data. Getty Images/iStockphoto Average monthly expenditures for those 6...
‘Cash-stuffing’ has 700 million+ views on TikTok. How it can help you save more
What is cash stuffing? Getty Images/iStockphoto Thanks to a mild obsession with so-called “cash stuffing” — which has racked up more than 700 million views on TikTok — Gen Z has made an old-school mon...
Credit Suisse Shares on Worst Run Since 1989 as Losses Deepen
(Bloomberg) — Credit Suisse Group AG’s losing streak took the stock closer to the price that the Swiss lender is pitching to investors in a crucial capital raise, increasing risks that underwrit...
‘I wish someone had warned me not to take my current job.’ 1 in 5 employees now reports being ‘miserable’ at work. Sound familiar? If so, this may be the No. 1 money move to make now
Workers are miserable these days Getty Images/iStockphoto Nearly 1 in 5 workers reports being miserable at work, according to Gallup’s recent “State of the Global Workplace: 2022.” And a global study ...
This trader sees a 43% drop for the S&P 500 and says to take shelter in these ETFs instead.
A day after the Dow DJIA, -0.11% climbed out of bear territory on hopeful comments by Fed Chairman Jerome Powell, stocks look ready to rethink on that optimsim, even after fresh inflation data showed ...
‘Somehow we live check to check.’ We make over $200K a year, but owe $100K on HELOC loans, never learned to save money and feel like we’ll never be able to retire. Do we need professional help?
Do you need a financial adviser? Getty Images Question: My wife and I are looking for help. We have never really learned how to save money, and we are really terrible at it. We both come from poor fam...
Hardship withdrawals from 401(k)s reach ‘concerning’ all-time high, Vanguard says
Amid stubbornly high inflation, a record-breaking share of Americans are turning their 401(k) accounts into emergency piggy banks, according to Vanguard. Dissecting data from a sample of the approxima...
Sam Bankman-Fried’s FTX roadshow goes on: 10 crazy things he’s just said
Sam Bankman-Fried sure isn’t going quietly into the night. With his crypto empire in ruins, numerous federal probes and years of litigation hanging over his head, the FTX founder has counter-intuitive...
Dow ends over 700 points higher to exit bear market after Powell signals smaller interest-rate hikes ahead
U.S. stocks finished sharply higher on Wednesday, with the Dow Jones Industrial Average rising over 700 points to technically exit a bear market, after Federal Reserve Chairman Powell said the central...
Banks are short more than $1 trillion in capital, says this analyst, who fears the shortfall will only get worse
The new year is nearly upon us, and one idea for where to invest is the banking sector, whose margins benefit from the high interest rates, at not terribly demanding valuations. That claim may surpris...
Suze Orman says, ‘We’re heading downhill very fast,’ unless employers start providing this lucrative benefit to their workers
Americans trying to save some cash for unforeseen expenses are up against a lot — months of red-hot inflation, wages that don’t keep up, the sheer difficulty of delayed gratification in a time when pe...
Credit Suisse Comeback Challenge Seen in Three Charts of Woe
(Bloomberg) — Credit Suisse Group AG is struggling to restore confidence in its battered brand, with investors so far showing little optimism that last month’s strategy revamp will succeed after...
‘Wealth effect on steroids’: Here’s the potential fallout from $22 trillion lost by investors this year, according to BofA
Bank of America says a “wealth effect on steroids” may impact the U.S. economy as a result of the fall in the value of stocks and bonds and other assets worth trillions of dollars in 2022. “The $22 tr...
20 dividend stocks with high yields that have become more attractive right now
Income-seeking investors are looking at an opportunity to scoop up shares of real estate investment trusts. Stocks in that asset class have become more attractive as prices have fallen and cash flow i...
Crypto lender BlockFi is suing Sam Bankman-Fried over his shares in Robinhood: report
Just hours after filing for Chapter 11 bankruptcy in New Jersey on Monday, cryptocurrency lender BlockFi filed a lawsuit against a holding company by FTX founder Sam Bankman-Fried over his shares in t...
Average Credit Card Debt In The U.S. Is Rising — How Does Yours Compare?
| Getty Images Key Takeaways Over the past year, credit card debt has increased for the first time since the start of the pandemic. Credit card debt is attributed to pandemic assistance programs endin...
In mid-November, mortgage rates saw their biggest decline since 1981. Here’s what 6 pros say will what happen next
The latest mortgage rates Getty Images/iStockphoto For most of 2022, the trend of mortgage rates was generally up and then up some more. But in mid-November something big happened: Thanks to better-th...
Fed’s shrinking of balance sheet via quantitative tightening is ‘a complete mistake,’ says Mizuho
The Federal Reserve’s attempt at shrinking its balance sheet through so-called quantitative tightening, or QT, is “a complete mistake,” according to Mizuho’s chief economist for the U.S. “There is a ...
‘We see major stock markets plunging 25%,’ says Deutsche Bank
A U.S. recession induced by central-bank efforts to curb inflation is likely to arrive by mid-2023 and trigger a sharp and “temporarily painful” decline in equities, according to Deutsche Bank researc...
Credit Suisse Shares Are Having Their Worst Run in 11 Years
(Bloomberg) — Shares in troubled Swiss lender Credit Suisse Group AG slipped as much as 5.4% on Monday, hitting a fresh record low and putting them on track for their longest losing streak since...
Shinhan Financial’s U.S. Unit Ordered to Beef Up Money Laundering Oversight
A U.S. unit of South Korea’s Shinhan Financial Group has agreed to bolster the oversight of its anti-money-laundering program as part of a settlement with the Federal Deposit Insurance Corp. Shinhan B...
These money and investing tips can help you know when the bull market has come back to stay
Don’t miss these top money and investing features: Sign up here to get MarketWatch’s best mutual funds and ETF stories emailed to you weekly! INVESTING NEWS & TRENDS There’s a strong possibility t...