A former Morgan Stanley advisor pleaded guilty on Thursday to wire fraud and money laundering as part of a $7 million fraud scheme, according to the Department of Justice. Ex-advisor Shawn Edward Good...
Tag: Political
3 Ways Retirees Can Inflation-Proof Their Portfolios
Rather than vanishing with the final days of summer, inflation has proven stickier than anticipated. For retirees, that means not just higher daily prices, but also the chance that their savings won’t...
The worst year in U.S. history for the 60:40 portfolio
This year is not shaping up to be the worst in U.S. history for a balanced 60% stock/40% bond portfolio. It’s important to point this out not just to correct the misleading historical narrative that h...
Crypto poses threat to ‘financial stability’ of everyday Americans, feds warn
President Joe Biden’s administration expressed concern over recent developments in cryptocurrency markets and their impact on average Americans’ financial health as it introduced a series of reports F...
2 things too many of you get wrong about the 4% rule
Plus, what the 4% rule might look like in practice. Getty Images/iStockphoto In July, I wrote this column about a man who was working with a financial planner and withdrawing 4% from his investment ac...
This Billionaire Is Now Even Richer Than Jeff Bezos
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The S&P 500 sank 5% in a very bad week for stocks. These 20 lost as much as 24%.
U.S. stocks sputtered Friday to close out the week in the red. The day’s declines of less than 1% for the broad indexes paled against Tuesday’s, when they sank 4% to 5%. For the week, the Dow Jones In...
Toomey tells SEC chief to be ‘on notice’ that Supreme Court may overrule new climate rule
Republicans on the Senate Banking Committee took aim at Securities and Exchange Commission Chair Gary Gensler’s plan to implement a new rule requiring disclosure of climate change risks during a heari...
The $2,000 bonus for opening a new bank account? It exists, and here’s the deal with it
Banks are paying cash bonuses, and here are some of the best. Getty Images/iStockphoto High-yield savings accounts are now paying far more than they did last year — see the best savings account rates ...
Apple is now the market’s most-shorted stock. If Tesla is an example, that’s bullish.
Apple shareholders need not worry that it’s the most-shorted U.S. stock. I’m referring to the report from short-seller analytics firm S3 Partners that, after 864 days in which Tesla TSLA, +0.38% was a...
Coinbase To Add Political Feature In Its App To Educate Users On Crypto Laws
Since regulatory bodies around the globe are attempting to supervise the use of cryptocurrencies, officials are rigid in designing suitable policies for the nascent technology. And the ever-changing g...
Opinion: Surprise! CDs are back in vogue with Treasurys and I-bonds as safe havens for your cash
If there’s a silver lining to the current economic situation that features soaring inflation and falling stocks, it’s that savers can get more for their money. Even after just a few months of rising i...
She’s one of the youngest billionaires in the world, but still practices this thrifty savings habit ‘all the time’ — and so should you
Particularly as concerns of a recession loom, experts say that saving is essential — even if you don’t have millions. Getty Images At 26 years old, Norwegian heiress Alexandra Andresen is worth an est...
What will people do after getting $10,000 or $20,000 in student debt forgiven? MarketWatch asked readers — here’s the No. 1 answer.
Americans’ student debt loads are poised to lighten up and people are making plans on what’s next for their freed-up cash. Borrowers appear to have two prime targets in mind: getting current on their ...
Cash Is No Longer Trash. T-Bill Yields Near 4%.
Text size After years of yielding near zero, cash is suddenly a better investment. Eva Hambach/AFP via Getty Images Cash is no longer trash. For the first time in 15 years, investors can get nearly 4%...
Tesla spent 864 days as Wall Street’s biggest short bet. Now it’s Apple.
A previous version of this piece incorrectly reported Apple’s and Tesla’s market caps. Apple Inc. is now Wall Street’s biggest short bet, displacing Tesla Inc., which had held the title nonstop since ...
Verizon is ‘not going to throw away money’ to woo consumers with cheaper phones, CEO says
In a competitive market for wireless deals, Verizon Communications Inc.’s chief executive says the company is “not going to throw away money” on promotions. The company recently rolled out its deals f...
Moderna Stock Surges. China Would Be a Big Market.
Text size Moderna stock has gotten a boost from the CEO’s comments about China. Photo by Justin Sullivan/Getty Images Moderna ’s Covid-19 vaccine has been wildly successful, but its stock has be...
‘This is never factored into the equation.’ One big thing people forget to consider when thinking about how much they need to retire
I’m sure you’ve pictured it: on the beach mid-weekday, gently lapping waves falling on white sand, sipping an umbrella drink — and you no longer have to check your email, other than to confirm your di...
Opinion: Billionaires typically own concentrated stock positions — this investor posted a 30-fold gain over 10 years on one little-known company
True or false: To build big wealth in the stock market, it pays to be widely diversified. If you guessed “true,” you might want to reconsider. Successful investors from Warren Buffett to Ron Baron tea...
I have $950,000 invested with a large financial firm, but they are charging me $1,100 a month in management fees. Is this reasonable?
Is your financial planner charging you too much? Getty Images/iStockphoto Question: I am currently a customer with a large bank and have about $950,000 invested in the markets through them. I am being...
These five stocks in the S&P 500 lost almost half a trillion dollars in value in one day amid widespread wipeout
A decline in gasoline prices couldn’t mask the problem that spooked investors on Sept. 13: Core consumer prices resumed their rapid increase during August. Fear of the Federal Reserve’s ongoing tighte...
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...
This superbull at JPMorgan who called the summer rally sees a soft landing ahead. Here’s his advice on stocks and oil.
A fifth-straight win was taken off the table after August CPI numbers surprised on the upside. And it looks like there’s nothing to sway the Fed from a 75-basis-point hike this month. Still, when it d...
Weekend reads: This may cause the next financial crisis
The Federal Reserve invigorated the economy before and during the coronavirus pandemic by purchasing Treasury bonds. The central bank was the main purchaser of newly issued U.S. debt and created trill...