In the scrap over how to fund President Joe Biden’s spending plans, the Democrats’ focus has shifted from taxing private funds to public at the last minute. Sen. Kyrsten Sinema (D., Ariz.) backs dropp...
Tag: financial services
I hired a financial planner, but they’ve already lost $70K. What should I do?
Is a big loss a reason to ditch your financial planner? Getty Images/iStockphoto By ALISA WOLFSON Question: I recently rolled my retirement pension and 401(k) into one account, managed by a financial ...
Warren Buffett says this is the ‘biggest mistake’ people make with their money (and psst: it has to do with savings)
Warren Buffett johannes eisele/Agence France-Presse/Getty Images Warren Buffett, the infamous 91 year-old Oracle of Omaha, is worth roughly $100 billion dollars — and could clearly spend frivolously. ...
Block’s Earnings Beat Estimates but the Stock Drops. Here’s Why.
Text size Jack Dorsey co-founded Block and remains its chair but is no longer CEO. Joe Raedle/Getty Images Block said Thursday that Bitcoin revenue at its Cash App unit dropped 34% in the second quart...
‘We expect it to be removed’: Democrats’ push to close ‘carried interest loophole’ in jeopardy as Sinema seeks to block effort
Sen. Kyrsten Sinema has signaled her opposition to closing a controversial tax loophole that allows carried interest to be taxed as capital gains instead of income, according to multiple reports. As a...
‘I’m stuck in a penny-pincher mindset’: My spouse and I bought a home, but he only wants to buy high-end items. How can we agree?
Dear Quentin, My spouse and I spent years saving for a new house, and living well below our means. It may sound weird, but now that we have a new home, we feel overwhelmed by the prospect of spending ...
I started the year with $3.85M but ‘have watched my accounts drop 20%.’ When I asked about it, I got ‘unsatisfactory’ answers from my financial adviser. That said, he ‘by and large has done well for me.’ What’s my move?
Do you have the right communication going on with your financial adviser. Getty Images/iStockphoto Question: I have watched my accounts drop 20% this year, which is better than the market, but startin...
When can you retire? This beginner’s guide can help you find the answer.
“I want to know if I can retire,” Marie said, dropping her investment file on my desk and sitting down across from me. She was typical of many preretirees everywhere, trying to figure out when they co...
A Recession Is Coming. These Are the Stocks to Hunker Down In.
Eli Salzmann loves nothing better than finding a company that’s a “dog of a stock with no momentum” but on the verge of better days. At its core, that is what value investing is all about. Over the co...
Why the U.S. stock rally looks more like a new bull market than a bear bounce to these analysts
Broader is better when it comes to the stock market rally and some analysts see technical signs that gains may be signaling the end of the 2022 bear market, though it’s too early to say for sure. “The...
Why an Arkansas town could provide a grim road map for America if car repos blow up
As recession worries loom over America, a debt crisis already bearing down on wage workers in northwest Arkansas could foreshadow bigger problem for a nation on high alert for a flood of car repossess...
Here’s exactly how much Americans have in savings at every age — and (yikes) here’s what they should have
How much savings you need Getty Images/iStockphoto No matter your age, savings is a necessity. But depending on your age, the amount of savings you will need changes according to life stages and your ...
SoFi stock gains after earnings as revenue beats and losses shrink
Shares of SoFi Inc. were up nearly 3% in after-hours trading Tuesday after the company beat expectations with its latest results and delivered an upbeat earnings forecast for the current quarter. The ...
I’m the chief economist of a mortgage firm that has funded more than $100 billion in loans. These are 3 things to know about the housing market now.
Cameron Findlay As home prices and mortgage rates march upwards, and housing inventory remains seriously constrained, many buyers are wondering: Should I buy? And if I want to buy, what do I need to k...
For Crypto Customers, a Long Battle Ahead in Bankruptcy
Millions of customers of crypto platforms Voyager Digital Holdings Inc. and Celsius Network LLC have been thrust into a potentially long and painful battle in bankruptcy trying to retrieve their money...
Fidelity Launches First Liquid Alt Funds as Stock and Bond Strategies Falter
Fidelity isn’t known for macro hedge funds that make bets on entire markets. The Boston-based mutual fund company with $4.3 trillion under management originally made its name by having the best indivi...
5 things Warren Buffett does to save money — that you should too
Warren Buffett is known to be frugal. Getty Images Warren Buffet is worth about $100 billion, and clearly doesn’t need to worry about how much money he spends on a daily basis. But the famed billionai...
‘I have watched my accounts drop by 22%.’ My financial adviser has usually ‘done well’ but now it feels like he’s not making enough adjustments in this tough market given that I’m losing ‘large chunks’ of money. What’s my move?
How to know if your financial adviser is doing a good job. Getty Images/iStockphoto Question: I have had a financial advisor with a national firm for more than a decade. We have done well and his fee...
Will the stock-market rally turn into a selloff? This bond-market gauge could tip investors off
Now that the Federal Reserve appears to have abandoned its forward guidance tool in favor of being “data dependent” to help inform its future path for rates, investors should keep an eye on this gauge...
Apple’s enviable cash hoard is dwindling — and that’s surprisingly good news for the stock price
Apple’s cash position is plunging, and that’s positive for both the business and the company’s shareholders. Yet many investors and Wall Street analysts see signs of trouble that Apple’s AAPL, -0.14% ...