Last year proved that the Web3 space is not just a phenomenon but rather the future of digital interactions. However, as pervasive as the space has become, many are still skeptical as to how it can an...
Tag: Credit
The U.S. Consumer Is Starting to Freak Out
Listen to article (2 minutes) The engine of the U.S. economy—consumer spending—is starting to sputter. Retail purchases have fallen in three of the past four months. Spending on services, including re...
Opinion: The Fed expects a ‘soft landing’ and no recession for the economy. We could get stagflation instead.
I am especially wary of economists — that includes Federal Reserve members and well as former Fed members — who are quick to see a soft landing for the U.S. economy. Soft landings are rare. Former Fed...
SoFi stock gains after company gives upbeat 2023 earnings forecast
Shares of SoFi Technologies Inc. SOFI, +14.48% were rising 7% in premarket trading Monday after the digital financial services company delivered an upbeat earnings forecast for the full year ahead. Th...
Fed rejects crypto bank’s application to join U.S. payment system
The Federal Reserve Board on Friday rejected a Wyoming-based crypto-centric bank’s application to become a member of the central bank’s exclusive payment system. In a press release, the Fed said the f...
‘Timing couldn’t be worse’: Inflation is easing, but more people are using credit cards for unexpected expenses — and the next Fed meeting will raise borrowing costs
A record number of people say they would need to pay for an unplanned $1,000 expense by using their credit card, according to a new survey showing the burden of high prices even as inflation rates ebb...
Where Are Stocks, Bonds and Crypto Headed Next? Five Investors Look Into Crystal Ball
A new trading year kicked off just weeks ago. Already it bears little resemblance to the carnage of 2022. After languishing throughout last year, growth stocks have zoomed higher. Tesla Inc. and Nvidi...
How to get a 6% return in bonds this year, according to Guggenheim
After an awful year, a straightforward strategy has been shaping up for investors to get an estimated 6% return in the bond market, according to Guggenheim Partners. The Federal Reserve’s rapid pace o...
Bed Bath & Beyond defaults on credit line, warns on debts
A “Store Closing” banner on a Bed Bath & Beyond store in Farmingdale, New York, on Friday, Jan. 6, 2023. Johnny Milano | Bloomberg | Getty Images Bed Bath & Beyond said Thursday it...
No Sign Of ‘Recessionary Signals’ As Credit Card Spending Soars
Topline American Express shares surged Friday after the U.S.’ second-largest credit card company posted strong quarterly earnings, with American Express brass boasting about its wealthier consumer bas...
American Express stock climbs after dividend boost, upbeat earnings forecast
American Express Co. exceeded $50 billion in annual revenue last year for the first time, buoyed by continued strong spending levels among its customer base. While the card giant came up short of prof...
My job is being eliminated and I will get a severance package. Is that considered income for IRS limits on Roth IRA contributions?
I know my job is being eliminated at the end of March 2023. I will receive a severance package paid out over a period of almost one year. I understand I will not be able to make 401(k) deductions from...
Fed set to deliver quarter-point rate hike along with ‘one last hawkish sting in the tail’
The Federal Reserve will downshift to a 25 basis point rise in its policy interest rate at their upcoming interest-rate meeting and will work overtime to make sure that the market doesn’t get the idea...
Energy Earnings Could Drop 11%
After two years of skyrocketing growth, oil and gas earnings are now past their peak. The good thing for the stocks is that the peak was remarkably high, and the decline is likely to be very gradual. ...
Bed Bath & Beyond Defaults On Credit Line And Can’t Afford To Pay Back Debt—As Bankruptcy Threat Looms
Topline Bed, Bath and Beyond defaulted on its debt earlier this month and has determined it cannot repay some of its lenders, the company revealed in a filing Thursday afternoon, bringing the once-ico...
Bed Bath & Beyond Says Banks Have Cut Off Its Credit Lines
Bed Bath & Beyond Inc. said it doesn’t have the funds to repay its banks after they determined the retailer has defaulted on its credit lines. The home-goods chain said Thursday it received a noti...
Blackstone profit falls, but distributable earnings beat estimates
Blackstone Inc. BX, +3.02% stock fell 1% in premarket trades on Thursday after the private equity firms said its fourth-quarter net income fell to $557.9 million, or 75 cents a share, from $1.4 billio...
Earn a guaranteed 4%, with no minimum deposit? These savings accounts offer just that.
Should you switch banks? Getty Images/iStockphoto If you’re still with the same old bank you’ve been with for years, you may be losing out on money. Indeed, while the average savings account is still ...
Bitcoin’s Rally Is Built on Low Trading Volume. That Adds to the Risks.
Bitcoin has rocketed 37% since the start of the year, completely erasing its losses after the demise of the cryptocurrency trading platform FTX. But there is ample reason investors shouldn’t chase the...
Opinion: 6 cheap stocks that famed value-fund manager Bill Nygren says can help you beat the market
These are tricky times in the stock market, so it pays to look to the best stock-fund managers for guidance on how to behave now. Veteran value investor Bill Nygren belongs in this camp, because the O...
The $7,500 EV tax credit may be tougher to get starting in March
Maskot | Maskot | Getty Images Getting a $7,500 tax break for the purchase of a new electric vehicle will likely get harder in a few months — meaning prospective buyers who want the financial incentiv...
The Carbon Credit Market Confuses The Corporate World
AUSTRALIA – FEBRUARY 27: The Mossman River in the Daintree Rainforest, Queensland, Australia. … [+] (Photo by Tim Graham/Getty Images) Tim Graham/Getty Images Many of the carbon credits us...
JPMorgan ‘hates Tesla and me,’ Musk says in court
Tesla Inc. TSLA Chief Executive Elon Musk on Tuesday shed more light onto the often-acrimonious dealings between the EV maker and JPMorgan Chase & Co. JPM Musk said in a federal trial over his “fu...
‘My stepmother has been less than ethical’: I suspect my stepmom removed me as beneficiary from my late father’s life-insurance policy. What can I do?
Dear Quentin, My dad passed away in March 2019. My stepmom told me I had an inheritance from my dad. She ceased communication with me after my dad passed away. I reached out to the Department of Fina...