Any doubt that the Federal Reserve will raise its its benchmark interest rate by 0.75 percentage point next week is gone, economists said, following the hot U.S. consumer price inflation data for Augu...
Tag: financial services
Gen Z trusts this man more than Warren Buffett for financial advice — and he says this is the single best habit to adopt if you want to save money
Humphrey Yang Uncredited When asked which social media financial influencers they follow and trust, more Baby Boomers and Gen Xers chose Warren Buffett than anyone else. But for Gen Z, he only came in...
Goldman Sachs Is Preparing Layoffs. Tech Isn’t the Only Industry Cutting Jobs.
Text size Goldman Sachs is putting together a plan to lay off employees, according to reports. Jason Alden/Bloomberg Goldman Sachs is putting together a plan to lay off employees, according to media r...
Most investors think the next big move for the S&P 500 will involve a near 20% drop, says Deutsche Bank survey
Last week’s first gain in four for stocks has likely emboldened some bulls out there, but investor wariness remains, according to a new survey from Deutsche Bank. Observe the chart below that shows ho...
Another sign of a looming recession? Americans’ ‘financial health’ fell for the first time in five years
Are you late paying for your utilities? Do you have enough set aside for a rainy day? Less than one-third (31%) of Americans are “financially healthy” in 2022, down 3% from a year ago, according to th...
When can I apply for student loan cancellation? How much will I get? Here are answers to some of the big questions.
President Biden’s highly anticipated federal student loan cancellation announcement last month created as many questions as it answered, prompting at least one major loan servicer’s website to crash a...
These three potential ‘naked swimmers’ threaten stocks and financial markets
Following a hat trick for all three major indexes last week, both optimism and trepidation are in the air as a new trading stretch begins. But some, like the Kobeissi Letter’s editor in chief and foun...
He’s won 18 Grammys and is worth an estimated $320 million, but Foo Fighters frontman Dave Grohl does this ‘smelly’ thing with his money (and psst: pros say you should too, with a twist)
It’s a simple way to save money, too. Getty Images/iStockphoto It’s times like these you learn to save again. That’s certainly what pros are telling Americans: Suze Orman, for example, recently upped ...
I’m 65 and semi-retired, having amassed $1.8 million myself with ‘a lot of risky small caps,’ tech stocks and some ETFs. I also have 20% in cash. Am I doing it right? Do I need an adviser to help?
How to find the right financial adviser for you. Getty Images Question: I have always been a self-directed investor, though I have sought advice from time to time. I tend towards a lot of risky small ...
These money and investing tips can give you a head start when the bulls run again
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 What the oil market can teach ...
Singapore Hits the Brakes on Crypto Ads at F1 Grand Prix
Crypto.com has paid millions to sponsor Formula One. When the event comes to Singapore later this month, that could mean a lot of empty space. The company has been part of a drive by cryptocurrency fi...
These are the 10 major housing markets that just saw the biggest declines in home equity
Plus, what to know if you’re thinking about taking out a HELOC. Getty Images/iStockphoto As home prices soared in recent years, homeowners enjoyed record levels of tappable home equity, which is the a...
If you’re losing your taste for highly juiced meme stocks, these low-risk ETFs will surprise you
Call it the revenge of the anti-meme stocks. I’m referring to low-volatility stocks’ huge alpha so far this year: Through Sep. 8, according to FactSet, the iShares MSCI USA Min Vol Factor ETF USMV, +...
Quantitative Tightening Is About to Ramp Up. What It Means for Markets.
The Federal Reserve now owns about a third of both the Treasury and mortgage-backed-securities markets as a result of its emergency asset-buying to prop up the U.S. economy during the Covid-19 pandemi...
These two ETFs point to a potential stock-market drop, says this market analyst
Growth and technology stocks, as measured by the Nasdaq-100 index, have gotten more expensive and appear poised for a potential fall in the next couple weeks, according to Michael Kramer, founder of M...
Ethereum’s ‘Merge’ Is Disrupting Crypto Trading and Lending
Text size Ethereum’s “Merge” is a hotly anticipated and long-awaited upgrade. Dreamstime Crypto markets linked to Ether are facing disruption as the blockchain network behind the wor...
U.S. stocks suffer largest weekly outflows in 11 weeks as investors brace for possible jumbo Fed rate hike
Investors withdrew billions of dollars out of U.S. equities funds over the past week as central bankers’ hawkish messaging fueled fears of deeper economic downturn. U.S. stock funds recorded the bigg...
Can you avoid that 6% mortgage rate? Here’s what pros think will happen next with mortgage rates
What might mortgage rates look like this month? Getty Images This past week, average 30-year mortgage rates crossed the 6% mark — though many borrowers can still snag lower lower rates than that — aft...
How low can the stock market go? 4 bear scenarios investors should keep in mind
Bears who reckon the S&P 500 hasn’t yet found its bottom see the large-cap benchmark falling 15% to 35% from current levels, according to DataTrek Research co-founder Nicholas Colas. With that in ...
Europe’s Unfolding Crises Could Impact U.S. Stocks. Here’s How.
U.S. investors are watching the Federal Reserve but the European Central Bank is likely to keep hiking rates to pull down prices, and those moves deserve more attention. Graeme Sloan/Bloomberg Text si...
A strong market rally could be just weeks away if the U.S. midterm elections can put anxious stock investors at ease
If the U.S. midterm election cycle this year is like past ones, the stock market will carve out an important low right around Election Day in November. That should give some hope to beleaguered invest...
The stock market’s June lows ‘need to be back in the conversation,’ says top chart watcher
Stock market investors may be facing another bear-market surprise, according to a technical strategy report from BTIG. The S&P 500’s monthly relative strength index is at 48, pointing to the possi...
Senators introduce the next retirement savings proposal – the EARN Act
The EARN Act is the latest addition to the lineup of proposals legislators have put forth to bolster retirement savings. Senators Ron Wyden, a Democrat from Oregon, and Mike Crapo, a Republican from ...
Nursing homes suing caregivers for debts they don’t owe, regulator says
Nursing homes and debt collectors are billing and suing long-term-care residents’ family members and friends, demanding payments for debts these individuals don’t legally owe, consumer attorneys and f...
20 value stocks whose growth potential is overlooked by investors
After a years-long bull market in growth stocks, the beleaguered value strategy has outperformed this year, as rising interest rates apply pressure on equities. Below is a screen of large-cap value st...