There's a reason some savers like to put their money into a certificate of deposit, or CD: CDs tend to pay higher interest rates than savings accounts do. But investing gives you a chance to score a higher return on your money than a CD might allow for, and that's reason enough to consider it as an option.
- Business Insider
Kevin O'Leary says he lost almost $10 million in the FTX collapse, and that the exchange had paid him $15 million to be a spokesman
"We all look like idiots. We relied on each other's due diligence," O'Leary said of the institutional investors that bought FTX equity.
I’m 53, just got laid off, and wondering what to do now. I have $425K saved for retirement, $10K in an HSA, and a property I could sell for an extra $200K in cash. Is getting professional help wise?
Have an issue with your financial adviser or looking to hire a new one? Email firstname.lastname@example.org.
EXCLUSIVE: Anthony Scaramucci Calls Out Chamath Palihapitiya On FTX Warning Signs, 'We Can Pretend Otherwise, But None Of Us Really Knew'
While speaking at Benzinga’s Future of Crypto event, investments in and by FTX were discussed as one of the biggest topics impacting the cryptocurrency sector. Kevin O’Leary was an investor in FTX and Anthony Scaramucci’s Skybridge Capital received an investment from FTX. Both shared their takeaways from the event of FTX and what happened with Sam Bankman-Fried. FTX Investments: Scaramucci said that many did not see warning signs with 25 of the greatest venture capitalists investing in FTX. Acco
The crypto billionaire who helped expose SBF’s insolvency calls him ‘one of the greatest fraudsters in history’ and accuses media and thought leaders of being manipulated
Binance CEO CZ is speaking out against SBF after FTX’s collapse and arguing he had nothing to do with his rival’s downfall.
Investors searching for that feeling telling you market sentiment is shifting to a more positive outlook have been brought down to earth again. Following 2022’s market behavior to a tee, the recent rally has run into a brick wall. To wit, the S&P 500 notched 5 consecutive negative sessions over the last week with investors mulling over the prospect of a recession. Indeed, financial experts have been sounding the warning bells on the precarious state of the global economy. One of the doomsayers h
‘Why do we allow this stuff?’ Jamie Dimon says investing in crypto tokens is like buying ‘pet rocks’
The JPMorgan CEO has previously called cryptocurrencies dangerous, worthless and a “Ponzi scheme.”
Worried about the prospect of a recession coming next year? Well, that sounds like a mild scenario, if Michael Burry’s prognosis is anything to go by. The investor whose famous bet against the US housing market was documented in “The Big Short,” thinks a ‘multi-year recession’ is potentially in the cards – and one more severe than currently expected. This statement follows previous warnings regarding the economy, such as predicting last year that the ‘mother of all crashes’ is coming, while also
The Fed is expected to raise rates once more before 2023. If you’re shopping for a new CD, you may want to hold off
Should you invest in a CD? The Fed's recent moves have sent interest rates—and APYs—higher.
‘Defense Is the Name of the Game’: Jefferies Suggests 2 High-Yield Dividend Stocks — Including One With 13% Yield
The rollercoaster ride continues in the stock market, and equities have been falling across the board this week. The S&P 500 is down 3.5%, and the Dow has lost some 870 points. The market drop was fueled by uncertainty; recent economic data has been unexpectedly positive, and it’s clouded the forecast for the Fed’s interest rate decision next week. The central bank’s twin mandates, to rein in inflation and to moderate unemployment, frequently run counter to each other, and with inflation running
The former wonder boy could be behind bars for the rest of his life, according to U.S. federal sentencing guidelines.
Should investors prepare for a winter full of persistent headwinds? Inflation remains high, rising interest rates are putting a squeeze on capital as well as making consumer credit more expensive, and both the China COVID lockdowns and the Russian war in Ukraine continue to crimp global supply chains. But even though the markets are facing serious headwinds, not every stock is going to react by falling. According to the analysts at Wall Street giant Deutsche Bank, two interesting stocks are like
- Motley Fool
The cryptocurrency market is going through a dark time, and investors must be more vigilant than ever about where they put their money. But all the negativity doesn't mean there aren't opportunities. Yes, many cryptocurrencies may never recapture the value they once had, but that's OK.
When it comes to savings goals, many financial advisors recommend first focusing on building an emergency fund -- usually three to six months' worth of living expenses. But what's next after you reach...
Whether Santa eventually comes or not is still to be determined, with Mr. Claus perhaps postponing a decision until next Tuesday’s CPI release. Strategists led by Greg Boutle, head of U.S. equity and derivatives strategy, are expecting a capitulation event next year. “This would be a departure from the current bear market regime, which has been characterized by a grind lower in equities as P/E multiples have contracted,” they say.
JPMorgan looks at ‘Armageddon scenario’ of Fed jacking rates up to 6.5%. Its conclusion may come as a surprise.
The stock and bond market could handle a much more aggressive Fed than expected, JPMorgan strategists argue.
- Decrypt Media
A year after launching its CBDC, the Central Bank of Nigeria has capped cash withdrawals to get more people to go cashless.
Ask an Advisor: When Taking RMDs, How Do I Avoid Locking in Losses? I'll Be 72 Years Old Soon, and My Stocks Are ‘Way Down' This Year
I will be 72 years old on Feb. 10, 2023. I have a traditional individual retirement (IRA) account. Most of the money is tied in stocks, and the stocks this year are way down. If I sell to pay the … Continue reading → The post Ask an Advisor: When Taking RMDs, How Do I Avoid Locking in Losses? I'll Be 72 Years Old Soon, and My Stocks Are ‘Way Down' This Year appeared first on SmartAsset Blog.
- American City Business Journals
The level of uncertainty and volatility in key housing-market metrics has economists and forecasters predicting divergent outcomes for the 2023 housing market.
- Business Insider
The former CEO of WarnerMedia predicts only 3 major entertainment companies will survive in the streaming space
Jason Kilar, who led WarnerMedia until it merged with Discovery this year, doesn't think every entertainment company has what it takes.