It’s easy for a small investor to make big mistakes. It would be even easier for giant investment firms to help prevent them—but, sadly, the asset-management industry seems to have other priorities. J...
Tag: financial services
Bitcoin drops below $40,000 as global market selloff spreads to cryptocurrencies
Bitcoin prices were trading at levels not seen since August, pushing below a key support level on Friday, as a selloff of perceived riskier assets spread to cryptocurrencies. Bitcoin BTCUSD, -6.06%, t...
I’m an attorney with more than $200K in student loans. How should I handle this?
Getty Images/iStockphoto Question: I’m an attorney with over $200,000 in federal student loan debt, and I desperately want to file for bankruptcy on these loans. I’m on an income-driven repayment plan...
When no stock-market lead is safe, here’s what history shows the Nasdaq’s near-term returns look like (it’s not pretty)
Rallies are getting squashed and no lead appears to be safe for the stock market in recent trade. In fact, the Nasdaq Composite COMP, -1.30%’s intraday reversal on Thursday — when it was up 2.1% at it...
‘Good luck! We’ll all need it’: U.S. market approaches end of ‘superbubble,’ says Jeremy Grantham
The U.S. is approaching the end of a “superbubble” spanning across stocks, bonds, real estate and commodities following massive stimulus during the COVID pandemic, potentially leading to the largest m...
Peloton’s stock skids, following report it will pause production of bikes, treadmills
Shares of Peloton Interactive PTON, -17.24% were sinking Thursday afternoon, trading below where it first listed, after a report said the exercise-equipment maker was temporarily pausing production of...
Virgin Galactic Stock Is Worth Just $10, Analyst Says
Text size Virgin Galactic stock closed on Tuesday down 85% from an all-time high of almost $63 set back in February 2020. Courtesy Virgin Galactic Investors in space tourism pioneer Virgin Galactic Ho...
At least 6 signs show the stock market is starting to break down
Strap in! It could be a bumpy ride this year. Financial markets are off to a woeful start for the bulls in 2022. Blame surging inflation, an out-of-step Federal Reserve, or a nagging pandemic. But wha...
The Nasdaq Composite just logged its 66th correction since 1971—here’s what history says happens next in the stock market
The Nasdaq Composite Index COMP, -1.15% on Wednesday booked its first close in correction territory since March with a rapid surge in Treasury yields, and expectations for interest-rate increases from...
The 60/40 portfolio ‘is in danger’ as Federal Reserve gears up for a rate-hike cycle in coming months
The traditional portfolio mix of 60% stocks and 40% bonds, historically seen as the safest allocation for investors of moderate-risk tolerance, “is in danger” as the Federal Reserve gears up for its f...
Bank of America Earnings Rise 28% and Top Forecasts. The Stock Is Rising.
Text size A Bank of America branch in New York. Victor J. Blue/Bloomberg Bank of America delivered strong fourth-quarter earnings Wednesday, bucking a trend seen across much of the sector this earning...
Here’s what history says about the Nasdaq Composite’s near-term returns after closing below its 200-day moving average
The Nasdaq Composite Index notched its first close below a closely watched, long-term trend line since April of 2020, and investors may be wondering how the benchmark tends to perform in the near to i...
Brace for a volatile 2022, but cling to this tech stalwart when the storm comes, says investment adviser
The pain is piling up for equity investors after the long U.S. holiday weekend, with bond yields at levels not seen since early 2020, and oil prices tapping 2014 highs. The pace of Federal Reserve mon...
I only make $41K a year, but owe $189K in student loans. What should I do?
Advice for paying down student loans Getty Images/iStockphoto Question: “I will owe about $189,000 on my student loans when repayment starts. I’m so stressed. I got let go from my job and lost my apar...
Credit Suisse Chairman Quits After Breaching Covid-19 Rules
Text size António Horta-Osório, former chairman of Credit Suisse AFP via Getty Images Credit Suisse Chairman António Horta-Osório has resigned only 8 monthsafter being appointed, following a board inv...
Amazon Scraps Plan to Stop Accepting Visa’s U.K. Credit Card
Text size British shoppers will continue to be able to shop on Amazon with their Visa credit cards. Justin Sullivan/Getty Images Amazon.com will continue to accept Visa credit cards in the U.K., the e...
Is the stock market open today? Here are the trading hours on Martin Luther King Jr. Day
Stock and bond markets in the U.S. will be closed Monday, January 17 in observance of Martin Luther King, Jr. Day, offering traders a rest after a volatile start to the year. The Securities Industry a...
I’m a nurse with $106K in student loan debt. How can I get out of debt faster?
Getty Images/iStockphoto Question: I have a graduate degree in nursing and a stable job, but I’m still $106,000 deep in student loan debt. Recently, when all student loan payments were suspended, I wa...
Fed needs to ‘shock and awe’ the market with one big rate hike, Bill Ackman says
Billionaire hedge-fund manager Bill Ackman said the Federal Reserve needs to deliver old-fashioned “shock and awe” to financial markets by delivering a much larger onetime increase to benchmark intere...
Banks’ Earnings Show Lenders Aren’t All the Same. It’s Time to Pick and Choose.
Text size JPMorgan Chase and Citigroup both reported declines in trading revenue. Justin Sullivan/Getty Images The time has come to take a stock-picking approach to investing in banks. That was the le...
Roaring U.S. housing market may cool, keep climbing as Fed ends emergency support
U.S. home prices roared almost 20% higher in the past year, giving families who own properties a major boost to their finances during the pandemic. But Wall Street, a key source of home mortgage finan...
Get ready for the climb. Here’s what history says about stock-market returns during Fed rate-hike cycles.
Bond yields are rising again so far in 2022. The U.S. stock market seems vulnerable to a bona fide correction. But what can you really tell from a mere two weeks into a new year? Not much and quite a ...
Opinion: A bullish sign? Nasdaq investor sentiment is worse now than it was in March 2020
Bearishness has fallen to such an extreme that it supports a significant stock market rally. Sentiment certainly has taken its time reaching this extreme. Just two weeks ago, when I last devoted a col...