Many Americans are ending the year feeling gloomy about their finances, and you don’t need to be a psychiatrist to figure out why. Runaway inflation gnawed through household budgets as prices soared o...
Tag: Political/General News
D.C. spending deal sets way for employers to help workers build cash savings
As people watch their savings sink under inflation’s pressure, one provision in the congressional year-end spending deal aims to make it easier for workers to save money for life’s unexpected expenses...
A Reckoning for Crypto and FTX
To the Editor:I’ve been hoping for some sort of catalyst that would implode the crypto market, and it has finally happened (“The Crypto Ice Age Is Here. What’s Ahead for Bitcoin and the Stocks,” Dec. ...
The bright side of the chip glut: Nvidia, AMD and Intel gaming cards are cheap and very available for Christmas
Plenty of gamers have woken up on Christmas morning in the past two years feeling disappointed that there wasn’t a gaming card under the tree — the gear was too often unavailable, or selling for much ...
Six Ways to Protect Your Money in 2023
The highest inflation in four decades. A bear market in stocks. Fears of a recession. A crypto implosion. The past year was a trying one for American households. It strained their budgets, reduced the...
Carnival stock is suffering its worst year on record, but looks ‘overly compelling’ to this analyst
Shares of Carnival Corp. have had a really bad year, even worse than the pandemic year of 2020. And that’s what makes Stifel Nicolaus analyst Steven Wieczynski believe the stock is now “overly compell...
What to expect for the stock market in 2023 after the biggest drop in 14 years
Investors have had a rough 2022 — the worst year since the financial crisis in 2008. There’s been a perfect storm of falling stock and bond prices as the Federal Reserve has raised interest rates to b...
Caroline Ellison says she’s ‘truly sorry for what I did,’ as she pleads guilty
Caroline Ellison has apologized for stealing billions in customer deposits at crypto exchange platform FTX to make bets at Alameda Research, the hedge fund she ran. “‘I am truly sorry for what I did.’...
IRS pauses rule requiring people to report PayPal, Venmo transactions over $600. Here’s what went wrong.
To avert taxpayer confusion in the upcoming tax season, the IRS is delaying a rule that would have required e-commerce sites and payment platforms like eBay EBAY, +0.12%, Etsy ETSY, -0.32% and PayPal ...
Caroline Ellison Apologizes for Misconduct in FTX Collapse
Caroline Ellison, a close associate of FTX founder Sam Bankman-Fried, apologized in court this week as she pleaded guilty to fraud and other offenses, telling a judge that she and others conspired to ...
The Secure Act Will Change Retirement Policy. 6 Big Changes That Will Soon Become Law.
Now that the Senate has passed a sweeping spending bill to fund the federal government into next year and avert a shutdown, advisors are cheering a major overhaul of the rules around retirement saving...
6 Big Changes to Your Retirement That Are Coming
Now that the Senate has passed a sweeping spending bill to fund the federal government into next year and avert a shutdown, advisors are cheering a major overhaul of the rules around retirement saving...
‘Less education can be worth more.’ While college grads have a net worth about 5x higher than high school grads, here’s what can matter even more than that college diploma
The average college graduate has a net worth about four times greater than someone who started but didn’t finish college, and about five times greater than someone with just a high school diploma. Get...
Sam Bankman-Fried to be released on $250 million bond after first U.S. hearing
Accused crypto crook Sam Bankman-Fried was released from custody Thursday on a $250 million bond, following the FTX founder’s first appearance in a U.S, court on fraud charges. Bankman-Fried walked ou...
Opinion: If you think a Santa Claus rally is coming to the stock market, this is how to play it
The benchmark S&P 500 Index has finally fallen below the 3900- to 4100-point trading range. The move prompted an immediate reaction down to 3800, the next support level. (To see my suggestion for ...
Billionaire David Tepper Is Betting Against the Stock Market Because of the Fed
Text size David Tepper, co-founder of the hedge fund Appaloosa Management. Andrew Harrer/Bloomberg Appaloosa Management’s David Tepper says he is worried further tightening of monetary policies from g...
20 big oil companies expected to be cash gushers in 2023 despite uncertainty
The energy sector of the S&P 500 has been the year’s best performer, yet oil stocks still appear to be inexpensive when compared with those in other industries. If you are interested in investing ...
Earn extra money with a side gig—here are 6 good ones for retirees
If inflation and the gyrating stock market has you fretting over your financial security in retirement, you’re not alone. Fully 71% of boomers recently surveyed by Bankrate said they are behind on ret...
Your Retirement Plans Will Change With the $1.7 Trillion Federal Spending Bill
Congress is poised to approve a $1.7 trillion spending bill this week that seeks to avert a government shutdown and boost the savings of Americans by making significant changes to their retirement pla...
Secure 2.0 Act Nears the Finish Line. What to Know About the Retirement Bill.
Legislation that would encourage saving for retirement and increase the age for taking required minimum distributions is nearing passage on Capitol Hill as part of an omnibus spending bill lawmakers a...
Homebuyers are turning to all-cash offers to get around high mortgage rates
Frustrated by mortgage rates above 6%, a growing share of first-time homebuyers are opting to pay for their homes in cash to avoid high borrowing costs. In October this year, 32% of homes sold in the ...
New research claims the bear market won’t be over until the VIX says so.
According to one prominent investment firm’s analysis of the VIX, the stock market has not yet experienced the capitulation that typically signals the end of the bear market. By capitulation, I’m refe...
7 financial advisers on what they are doing in 2023 to prepare for a recession
Getty Images/iStockphoto A number of high-profile financial firms are saying a recession is likely in 2023. Vanguard expects a “global recession,” Goldman Sachs economists give it a 35% chance, J.P. M...
This 28-year-old negotiated her pay to $500,000 — and found work-life balance
After growing her salary from $100,000 to $500,000 over a five-year period through switching jobs and negotiating, Amy, now 28, wanted the kind of work-life balance that would allow her to spend more ...
Big Changes to 401(k) Retirement Plans Move Ahead in Congress
Listen to article (2 minutes) Congress is on the verge of passing a bill that aims to help Americans save more for retirement and leave their retirement savings untouched and untaxed for longer. The b...
Opinion: Couples with strong relationships have these money issues in common
Start the New Year with a stronger and more stable relationship with improved money habits with your partner. Many couples feel stress around their differences. When money gets involved, many prefer n...