People who think IRMAA is another hurricane may have a tax shock coming when they go on Medicare. IRMAA is short for income-related monthly adjustment amount. It frequently surprises retirees because ...
Tag: Political
Sam Bankman-Fried allegedly diverted FTX investors’ money to political donations through straw Donors
Sam Bankman-Fried has been arrested and accused by federal investigators of spending tens of millions of dollars in illegal political contributions to both Republican and Democratic candidates. These ...
SEC takes aim at influencers for securities fraud; SBF allegedly made political donations in others’ name
The biggest news in the cryptoverse for Dec. 134 includes CryptoSlate’s analysis suggesting that the bottom for Bitcoin may not be in yet and Congressman Tom Emmer alleging that SEC Chairman Gary Gens...
House Oversight Committee Puts Political Agenda Above Energy Security
FILE – House Oversight and Reform Subcommittee on Environment Chair Ro Khanna (D-Calif.) led last … [+] week’s hearing on the oil industry and climate change. (AP Photo/Jacquelyn Mar...
“SBF Bought Political Influence,” Says US Rep; Will It Save Him Jail Time?
With the gradual unfolding of the high-pitched drama surrounding the FTX collapse and its founder Sam Bankman-Fried, the community stands divided on the various tactics exercised by SBF to gain promin...
FTX fallout continues with Bankman-Fried arrest. But where is former Alameda CEO Caroline Ellison?
FTX founder Sam Bankman-Fried is squarely in the spotlight following his arrest in the Bahamas, but attention is also focused on the whereabouts of Caroline Ellison, former CEO of Alameda Research, th...
Vanguard sees a recession in 2023 — and one ‘silver lining’ for investors
The last 12 months was a year of fast-rising inflation, fast-rising interest rates and fast-rising questions about a future recession. Prices went up while stock markets and savings account balances w...
US SEC Charges SBF Of Defrauding Investors, Political Donations
SBF Arrest Update: The U.S. Securities and Exchange Commission (SEC) in a release mentioned that it has pressed multiple charges against Sam Bankman-Fried (SBF), former CEO of collapsed crypto exchang...
Clovis Enters Bankruptcy With Deal to Sell Cancer-Drug Candidate to Novartis
Clovis Oncology Inc., maker of the ovarian and prostate cancer drug Rubraca, filed for bankruptcy over the weekend with a proposed deal in hand to sell its rights to a cancer therapy under development...
$75M worth of FTX’s political donations at risk of being recalled due to bankruptcy: Report
Following the collapse of FTX and its Nov. 11 bankruptcy filing, $73 million worth of its political donations is currently at risk of being recalled to repay the failed exchange’s creditors, according...
Binance and Its CEO at Risk of Criminal Charges Over AML Rules: Report
The cryptocurrency exchange Binance and executives including CEO Changpeng Zhao are at risk of U.S. criminal charges over compliance with U.S. money-laundering laws and sanctions, according to a repor...
The 4% Rule for Retirement Spending Makes a Comeback
Listen to article (2 minutes) Retirees walloped by high inflation and volatile stock and bond markets are getting some good news: The 4% spending rule—or something close to it—is back. The traditional...
Just 1 in 3 Americans understands this crucial component of planning smartly for retirement — and that lack of knowledge could prove very costly
Are you sure you’re ready to retire? No, really … are you sure? Although some 73% of American workers say they’re on track for a comfortable lifestyle in retirement, a recent report from Transamerica ...
Gas prices are now lower than at this time last year. Could they fall below $3 a gallon in the months ahead?
Gas prices on Thursday were slightly less on average than they did one year ago — with a slim one-cent margin — but experts say there could be cheaper gas in the weeks and month to come. Thursday’s na...
These money and investing tips can fill your portfolio with holiday cheer
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 Be on guard against Wall Stree...
Netflix Stock Has Lost Almost Half Its Value. Why It Could Make a 2023 Comeback.
Netflix has had a tough run this year. But a number of Wall Street analysts are confident for a recovery in 2023, piling up bullish ratings on the stock. On Friday, Wells Fargo analyst Steven Cahall u...
If the bulls really were in control, these stock market sectors would be leaders right now
It’s still a bear market, according to the U.S. stock market’s sector relative strength rankings. That’s because the sectors that typically do the best at the end of bear markets have been laggards of...
FTX: All about SBF’s “well-thought” investments, political connects, and more…
SBF’s political donations could have been aimed at influencing policy around the crypto space SBF had influence over institutional investors Sam Bankman Fried (SBF), the founder of the now-bankrupt F...
Short selling giant Jim Chanos is still short on Coinbase, Tesla and the FOMO-investment market
Short selling giant Jim Chanos is still pretty bearish on a number of stocks including Coinbase and Tesla, he said on Thursday. In a Twitter Spaces conversation, Chanos was asked about the FTX fiasco ...
Where to Invest Over the Next 5 Years? Billionaires Weigh In.
The world’s billionaires see the energy sector and the Asia-Pacific region, excluding China, as top investment and business opportunities over the next five years, according to a new UBS report. Forty...
Inflation Is Forcing Many Retirees to Put Long-Awaited Plans on Hold—Again
Brenda Dickason dreamed of traveling to Europe in retirement. Instead, the former teacher and police detective spent 2022 watching TV with her husband at their Tucson, Ariz., home and selling homemade...
Art Basel ATM begs the question: Why would you keep $9 million in a bank account?
This ATM is spitting out social commentary along with cold, hard cash. An installation by the Brooklyn art collective MSCHF stole the show at this year’s Art Basel Miami. The art piece, dubbed “ATM Le...
I have $600K invested, but my financial adviser has only made one trade this year, and left $7,500 in cash in my Roth IRA. Is it time to get rid of him?
Question: My financial advisor has made one trade this entire year and has left $7,500 in cash in my Roth IRA since January. I had $600,000 in assets at the start of the year. Some minimal reallocatio...
Queen Latifah – worth an estimated $70 million – got this money savings advice from her mom. Pros say more of us should follow it, too: ‘The best part is it scales the more you make.’
BEVERLY HILLS, CALIFORNIA – OCTOBER 22: Queen Latifah attends TheGrio Awards 2022 at The Beverly Hilton on October 22, 2022 in Beverly Hills, California. (Photo by JC Olivera/Getty Images) Getty Image...
Watchdog wants ex-FTX boss’ political contributions probed
A watchdog organization has called for a probe into Sam Bankman-Fried’s political contributions after the former CEO of FTX allegedly acknowledged making illegal under-the-table donations worth tens o...
Opinion: Opinion: The Fed should pause rate hikes since inflation has slowed — it won’t
The Federal Reserve should declare an immediate cease fire in its war against inflation and hold its benchmark interest rate steady instead of raising the federal funds by a half percentage point to a...