As the Supreme Court debates President Joe Biden’s student-loan forgiveness plan, Americans’ consumer debt continues to rise — and more of it is past due. For Shanna Hayes, 34, who was recently laid o...
Tag: Credit
Ignore Wall Street’s gloom. Stocks do better when earnings fall: strategist
Adios to February, which disappointed many stock investors who enjoyed a bullish start to the year. But fears of a bigger meltdown by those swept up in Wall Street gloom may be in vain, says our call ...
‘Bad luck finds us all.’ Here’s exactly how much you should have in savings right now (and just how few Americans actually have this amount socked away)
How much should you have in savings? Getty Images/iStockphoto About half (49%) of American adults have either less emergency savings than they did last year, or no savings at all, according to a new B...
Credit Suisse ‘seriously breached’ obligations in Greensill case
The logo of Credit Suisse Group in Davos, Switzerland, on Monday, Jan. 16, 2023. Bloomberg | Bloomberg | Getty Images Credit Suisse “seriously breached its supervisory obligations” in the ...
High Prices And Risky Credit May Steer Buyers To Older Used Cars; Dealers, Lenders Adjust
1986 Ford F-150 pickup truck Photo: Ford By process of elimination, older used cars are becoming the purchase of last resort for bargain-hunting shoppers and those with subprime credit scores, analyst...
How investors can learn to live with inflation: BlackRock
Growth stocks may have led the early 2023 rally, but stubbornly high inflation means that won’t last. That’s the main message from the BlackRock Investment Institute on Monday, as U.S. stocks attempte...
This is what Warren Buffett, a self-described ‘so-so investor,’ says is his ‘secret sauce’
Stocks are rebounding on the heels of a rotten week — the worst since December for the S&P 500 SPX, +1.15% and the Nasdaq Composite COMP, +1.39%. And as Wall Street analysts go dark, with talk of ...
What’s next for stocks as investors realize Fed’s inflation fight won’t end soon
The stock market is ending February on a decidedly wobbly note, raising doubts about the durability of an early 2023 rally. Blame stronger-than-expected economic data and hotter-than-expected inflatio...
Global financial markets have had a rough time since Russia’s invasion of Ukraine, but it is not over yet
A year after Russia invaded Ukraine and set off the bloodiest conflict in Europe since World War II, global financial markets seem to no longer carry on the lasting shocks on a daily basis, but the fu...
Moving in Retirement to Cut Tax Costs? Consider These 4 Factors First.
When an affluent suburban Chicago couple came to John Campbell, senior wealth strategist at U.S. Bank Private Wealth Management, planning to retire in New Mexico because of its weather and lower incom...
PayPal’s Outgoing CEO Dan Schulman Buys Up Stock
PayPal Holdings stock has lost all of its gains from the pandemic era, when homebound shoppers used its services to buy online. The financial-services company’s outgoing president and CEO Dan Schulman...
Warren Buffett’s Berkshire Hathaway is the largest investor in these 8 stocks
As 2022 wrapped, Warren Buffett’s Berkshire Hathaway was the largest shareholder of eight stocks that include traditional oil companies and financial-services giants. “Berkshire now enjoys major owner...
I’m 73 and will only have my 401(k) after retiring. How do I make it last?
I am 73 years old and still employed full time. I will receive no retirement benefits when I leave my job except for a 401(k). My question is: what is the best way to handle this 401(k) without losing...
Nearing retirement? Here’s how to shift your portfolio from growth to income.
Over the decades, perhaps you’ve been very good at saving your money and investing it for long-term growth. But when the time comes for you to stop working or to step back to a part-time job, you migh...
We’re in our 60s and have lost $250,000 in our 401(k) plans — can we still retire?
I am a 61-year-old female who has worked for the same financial institution since the age of 16. I will have 50 years at the company if I retire at 66. I’ve lost over $150,000 in my 401(k) this past y...
Biden taps former Mastercard executive Banga to lead World Bank
The White House announced Thursday that President Joe Biden has decided to nominate Ajay Banga, a former CEO of MasterCard, to lead the World Bank In a statement, Biden said that Banga will be able to...
Tempted to chase fat yields in money market accounts? Why it might not pay to switch.
The yield chase is on. After more than two years of historically low interest rates, savers are rediscovering that they can earn money on their money by letting it sit. During the pandemic, many saver...
PayPal CEO’s ‘unusual’ $2 million stock purchase is ‘certainly a positive’ signal
PayPal Holdings Inc. Chief Executive Dan Schulman just did something “unusual” for a departing executive. Often, executives and other insiders begin to trim their company stock exposure when they’re p...
‘Not a time to buy’: S&P 500 exiting ‘best era’ in decades for earnings growth amid ‘dried up’ liquidity
The U.S. stock market, as measured by the S&P 500 index, appears to be exiting the “best era” for growth in earnings per share in decades as sources of liquidity have dried up, according to resear...
HSBC profit more than doubled, boosted by higher interest rates
HSBC Holdings PLC’ fourth-quarter net profit more than doubled compared with the same period a year earlier, as higher interest rates boosted its top-line growth while better cost efficiency further s...
Credit Suisse Chairman’s Outflow Claims Probed, Reuters Says
(Bloomberg) — Switzerland’s financial regulator is reviewing comments that Credit Suisse Chairman Axel Lehmann made in December on outflows from the company having stabilized, on the basis that ...
Wall Street Expects Brutal Coinbase Earnings. Why an Analyst Upgraded the Stock.
Wall Street is mostly muted ahead of earnings from Coinbase Global expecting to see deep losses and the lowest quarterly sales in two years from the cryptocurrency broker when the group reports earnin...
The 20 worst U.S. stocks in February: the biggest loser dropped 35%
Updated with month-end prices. The euphoria of January reversed in February, with broad declines for stocks across the board as interest rates continued to rise. Bond interest rates are more attractiv...