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Tag: Credit
Tesla hikes Model Y prices after EV tax credit expansion
Tesla (TSLA) is taking the opportunity to ram through some price increases, thanks to Uncle Sam. On Friday the IRS released new guidance changing the definition it used to classify vehicles as SUVs, u...
Ryan Found Section 8 More Efficient Than The Low Income Housing Tax Credit
CHICAGO, IL – JUNE 27 : Section 8 voucher holders Tracy Carrithers views an apartment with Housing … [+] Choice Partners real estate specialist Jessie McDaniels (not pictured) in the Logan...
‘Best in 15 years.’ This investment is now offering a guaranteed return of up to 4.78%. Should you bite?
Is a certificate of deposit right for you?. Getty Images Certificates of deposit (CDs) let you deposit your money for a predetermined amount of time at a fixed interest rate and collect your earnings ...
The Inflation Reduction Act carves out an EV tax credit for 2023. Does Tesla qualify?
When times are tight, every penny counts. That goes for money back on a tax return too. If you purchased a Tesla, or another kind of electric vehicle, you may be eligible for over $7,000 in tax credit...
6 leading real estate economists and pros on what to expect from the housing market this winter
Getty Images Some aspiring homebuyers are in for some much-needed relief. “Right now might appear more appealing to some buyers because, recently, the housing market has been cooling. Prices are dropp...
FOMO is Gripping Credit Markets, Making Bond Premiums Vanish
(Bloomberg) — It’s been some time since companies could raise cash in debt markets and come away feeling like they got the better end of the deal. Most Read from Bloomberg For most of 2022, borr...
Bank of America trims CEO Moynihan’s pay by about 6% to $30 million
Bank of America Corp. BAC, +0.83% said in a filing late Friday that its board has approved a 6.3% cut on Chief Executive Officer Brian Moynihan’s pay in 2022. Moynihan receives $30 million, compared w...
Tesla, Ford and GM win in EV tax credit change
A few more electric vehicle models now qualify for the federal EV tax credit, including GM’s Cadillac Lyric, the Ford Mustang Mach-E and Tesla’s five-seater Model Y, thanks to a change by ...
Charlie Munger would be more bullish on bitcoin if he had time to study it, Michael Saylor says
“‘Charlie and the other critics, the members of the Western elite … are continually prodded for an opinion on bitcoin, and they haven’t had the time to study it.’” — Michael Saylor, co-founder and CEO...
We make $140K in Raleigh and hope to retire in about a year with $1 million. Is there a certain type of financial adviser we should be looking for?
Raleigh, North Carolina Getty Images/iStockphoto Question: I live in Raleigh, North Carolina. I’m about to turn 65 and looking to work maybe one more year. Our combined income is approximately $140,00...
Thanks to payouts of 4% or more, the humble CD is making a comeback. Should you get one?
Should you get a certificate of deposit? Getty Images/iStockphoto Google searches for CD rates have jumped considerably in the past year. And no wonder: As the Fed keeps hiking interest rates, payouts...
Tesla stock rips higher as IRS boosts Model Y EV tax credit eligibility
Tesla (TSLA) shares are trading higher today as the IRS updated its criteria for what qualifies as an SUV, and this means more EV tax credits are available. According to new rules, the IRS will use th...
Tesla, General Motors get boost from EV SUV tax credit change
A Tesla Model Y on display inside a Tesla store at the Westfield Culver City shopping mall in Culver City, California, U.S., on Thursday, April 14, 2022. Bing Guan | Bloomberg | Getty Images DETROIT –...
The Fed raised interest rates this week. So here’s what you should be earning on your savings account now
Savings accounts are already paying far more than they did even a year ago. Getty Images/iStockphoto On Wednesday, the Federal Reserve raised interest rates a quarter percentage point, and officials n...
I’m 72, have a cushy amount invested and was withdrawing 4% a year. But once I pay my financial adviser’s fees and California taxes that won’t be enough. What’s my move?
How to figure out if your adviser is worth what they’re charging you. Getty Images/iStockphoto Question: I have a comfortable balance in my investment account but have a question about only taking out...
‘I’m stretched thin.’ I’m 23 and make $75K a year living in the Northeast. But between rent and other bills I have ‘very little’ in the bank each month. Should I hire a pro to help?
Question: I’m 23 and living in a high-cost area in Rhode Island. I make a $75,000 salary, plus monthly bonuses that will hopefully get me near six figures by the end of the year. I’ve worked full time...
If you haven’t switched your savings account recently, now may be the time
Getty Images/iStockphoto On Wednesday, the Federal Reserve raised interest rates again — which is good news for savers. What’s more, savers have been seeing yields on savings accounts rise for months ...
Credit Suisse Says These 2 Stocks Could Surge Over 30% From Current Levels
It’s become mainstream to predict a recession this year. The Federal Reserve is on a steady path of interest rate increases – the latest was a 25-basis point hike announced today – to fight inflation,...
As Fed raises rates by a quarter point, here’s where financial advisers are telling their clients to invest — and store — their money
The Federal Reserve boosted its influential interest rate yet again Wednesday, even as more signs indicate that inflation is cooling. It hiked the benchmark’s key rate by a quarter of a basis point, b...
Want to earn a guaranteed 4%-4.75% on your money? While this savings vehicle hasn’t been that popular in recent years, pros say it’s now worth another look
The latest rates on certificates of deposit. Getty Images/iStockphoto Looking for a safe place to park your money with a guaranteed return of sometimes 4.5% or more? While certificates of deposit, or...
10 best high-interest savings accounts for February 2023
10 savings accounts that deliver rates that top 4%. Getty Images/iStockphoto Want to let your hard-earned cash work for you? How about letting it work more than 15x harder than the national average? T...
Credit Suisse Reportedly Assigns Zero Lending Value To Adani Group Bonds Following Hindenburg Allegations
Topline Credit Suisse has assigned zero lending value for bonds issued by Adani Group’s listed subsidiaries, Bloomberg reported on Wednesday, a move that will deepen concerns for the beleaguered India...
SoFi’s banking moves are proving a ‘unique advantage,’ analyst says
SoFi Technologies Inc. continues to win praise for its banking efforts after the digital financial-services company gave an upbeat earnings forecast and touted the benefits of its banking charter for ...
Market strategist David Rosenberg: U.S. stocks will drop 30%. Wait to buy them.
David Rosenberg, the former chief North American economist at Merrill Lynch, has been saying for almost a year that the Fed means business and investors should take the U.S. central bank’s effort to f...