Illustration by Elias Stein Text size Since Russia invaded Ukraine, shares of Saskatoon, Canada’s Nutrien , the Western Hemisphere’s top fertilizer maker, have climbed 37%. The Energy Select Sector SP...
Tag: Credit
Mortgage Rates Rose Even Higher. Here’s How Much More You’d Pay Now.
New-home sales fell in February due, in part, to the effects of rising mortgage rates on affordability. Justin Sullivan/Getty Images Text size Mortgage rates climbed past 4% last week—and their rapid ...
Bitcoin Prices Are ‘On the Verge of a Major Breakout’
Text size The prices of Bitcoin and other digital assets rise Friday. Dreamstime Bitcoin and other cryptocurrencies moved higher on Friday, boosted by the return of risk appetite among investors and a...
Credit Suisse Warns of $500 Million Hit From Billionaire’s Lawsuit
Credit Suisse CS 0.49% Group AG is expected to pay around $500 million after losing a lawsuit brought by a Georgian billionaire who claimed the bank mismanaged his money. Credit Suisse has spent years...
Bit.Store Unveils New Crypto-Based Credit Card
Bit.Store – a crypto investment social platform – is unveiling a new prepaid credit card linked to crypto that will allow users to purchase goods and services with digital assets. Bit.Store Establishe...
Credit Suisse board member –
Crypto is not a major threat to fiat currency or the banking sector Blythe Masters is of the fact that we should remain skeptical of the industry The major promises of cryptocurrencies were discussed...
Credit Agricole suspends services in Russia
A few days ago the well-known bank Credit Agricole suspended all its services in Russia. The suspension of Credit Agricole services in Russia Reuters reports this, saying that the French bank has join...
I’m 65 and have $220K in student loan debt. I have a lot of health issues and am only working part-time. Can I somehow erase this debt?
Remember, if you’re having difficulty making payments due to low or no income, you may be eligible for a low or $0 payment by enrolling in an income-driven repayment plan Getty Images/iStockphoto Ques...
Credit Suisse Expects $500M Hit from a Bermuda Lawsuit
Credit Suisse is facing another setback as the Swiss bank announced on Wednesday that a potential court judgment against one of its subsidiaries would force it to pay a total sum in excess of $500 mil...
Bitcoin Is Bouncing but Ether Is Soaring. This Is Why.
Text size Cryptocurrencies are gaining as investors return to high-growth “risk assets.” Dreamstime Bitcoin has perked up, gaining 8% to roughly $42,600 in the past week. But Ether, the se...
When will savings account rates rise, and where are the best savings accounts?
The average savings account pays a paltry 0.06%, according to Bankrate. But some online savings accounts are already paying relatively high rates. Getty Images/iStockphoto Though the Federal Reserve’s...
My son failed out of school and has $126K in student loan debt. What can we do?
How to get out of student loan debt Getty Images/iStockphoto Question: My son was studying in a pharmacy program and at the end of the last semester, the college kicked him out due to his non-performa...
Apple Reportedly Purchases Fintech Startup Credit Kudos
Apple, the giant tech company, has reportedly acquired Credit Kudos, a UK-based fintech startup Startup A company operating within its first stage of investing is known as a startup. While startups ...
Apple buys UK fintech start-up Credit Kudos
Customers walk past a digital display of the new green color Apple iPhone 13 pro inside the Apple Store on 5th Avenue in Manhattan, in New York, March 18, 2022. Mike Segar | Reuters LONDON — Apple has...
Apple acquires UK open banking startup Credit Kudos
Credit Kudos, a UK open banking startup that helps lenders make better decisions, has been acquired by US tech giant Apple. The deal closed earlier this week, according to three people close to the de...
I now owe 3x what I originally borrowed in student loans. What can I do?
Borrowers with less-than-perfect credit records face challenges while climbing out of debt, and they can get steeper when you’re older because income tends to plateau. Getty Images/iStockphoto Questio...
Many companies are enriching their retirement benefits
Workers may be in for a treat – some companies plan to boost their retirement benefits in the next few years, as they look to hire and retain talent, according to a new survey. U.S. employers are imp...
Warren Buffett Does Deal Making Differently. Alleghany Acquisition Shows How.
Text size Warren Buffett Drew Angerer/Getty Images When it comes to acquisitions, Warren Buffett does things differently, and Berkshire Hathaway ’s deal on Monday for Alleghany illustrates his unique ...
Pakistani crypto billionaire wants his country to be less reliant on credit
When YouTube was banned in Pakistan, Reality TV star Waqar Zaka “had no other option” than to turn to Bitlanders — an artificial intelligence (AI) educational social platform — to monetize...
Credit Suisse Names Christian Gellerstad to Succeed Severin Schwan, as VC
Credit Suisse announced that it has named Christian Gellerstad as successor to Severin Schwan as Vice-Chairman. Shared in a recent press release with Finance Magnates, Christian Gellerstad, an executi...
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...
Governments Cause Inflation, Not Banks Making Loans
Christopher Wynne is a U.S.-born businessman based in Moscow. His company, PJ Western, owns and operates PapaJohn’s Pizza locations throughout Russia. His businesses employ over 9,000 people within th...
We Have $1,057,213 At Our Credit Union. Anything Wrong With That?
A case study in how two retirees can improve their lot in life by rethinking their savings. Bank run (FPG/Hulton Archive) Getty Images “My wife and I are 61 years old and retired. We live on a modest ...
How Will the Fed’s New Interest Rate Policy Affect Real Estate Prices?
Text size Rising mortgage rates will further restrict housing affordability. Brandon Bell/Getty Images About the author: Clare Losey is an assistant research economist at Texas A&M University’s Te...
Berkshire-Backed StoneCo Issues a Bullish Outlook. The Stock Is Soaring.
Text size Dreamstime Shares of Brazilian payment processor StoneCo were skyrocketing Friday after Citi upgraded the stock, citing an attractive valuation and the company’s strong outlook for the first...
France is considering raising its retirement age to 65
French workers may see their legal retirement age jump from 62 to 65 if President Emmanuel Macron gets his way. Macron, who is running for reelection, said the move is a natural progression. “We are ...
Weekend reads: the slowing housing market and inverted yield curve signal a coming recession
It is human nature to fear missing out as prices skyrocket, But all bubbles burst eventually. Ian Shepherdson of Pantheon Macroeconomics predicts a 25% decline in U.S. home sales. What will that do to...