Treasury Secretary Janet Yellen has declared that the US has hit its federal debt limit, kicking off an intense political battle that puts the global financial system at risk.
Welcome to tax season, TikTok edition.
The 68-year-old retired landscaper first started investing in Tesla Inc. in 2012 after hearing about Elon Musk, who wasn’t nearly as famous at the time.
In the rough year ahead, bonds might be one of the only bright spots. It would mark a dramatic turnaround from 2022, when bonds fell alongside almost every other asset class, posting their worst year in a generation.
Confused about whether your student loans will be forgiven? Everyone is.
James McHugh isn’t afraid of a little risk. The trouble this year has been knowing where to find it. Crypto burned him. Meme stocks are stuck in the pits. So McHugh, a 36-year-old who works in Houston’s oil and gas industry, has been getting his fix in a corner of the market retail investors typically overlook — junk debt.
For student loan borrowers, President Joe Biden’s forgiveness plan seemed too good to be true. And now they fear that maybe it was.
For the past two holiday seasons, Andi Garland wasn’t able to visit her dad for Thanksgiving due to the pandemic.
Series I savings bonds issued over the next six months will pay a yield of 6.89%, down from a record high as inflation shows some early signs of cooling.
Some student loan borrowers are starting to receive refund checks from the government, even as President Joe Biden’s forgiveness plan is tied up in court.
The TreasuryDirect website is facing long delays as Americans race to buy US Series I savings bonds before rates reset at the end of the month.
Is it time to move beyond I bonds?
The sleeper hit of 2022 investing is about to lose some of its luster — but it still might be one of the best places to store your cash.
Millions of Americans are racing to file their 2021 federal taxes before time runs out.
As student borrowers get set to apply for federal loan forgiveness, some of them are also considering for the first time homeownership and other major milestones as they embark on new lives without the specter of debt hanging over them.
Retail investors, who helped push stocks to all-time highs, are now trying a different tactic: Betting against the market.
In a year of volatile markets, the humble I bond has emerged as an unlikely star. Now, there’s a new way to buy them.
Countries from Costa Rica to Croatia are betting that remote work is here to stay, competing to host digital nomads even as more employers push for a return to office.
After Labor Day, it's back to the office for Wall Street.
Famed investor Jeremy Grantham said the “super bubble” he previously warned about has yet to pop, even after this year’s turbulence in the US stock market.
Goldman Sachs Group Inc.’s consumer bank Marcus is offering the highest interest rate for its high-yield savings account since the pandemic began.
The long-running active versus passive debate has become even more heated than usual during the recent stock market turmoil.
The days of working from home may be numbered.
The dreaded R word is looming over Americans as the economy contracts and the Federal Reserve raises rates.
Retail traders just got a new tool to make bigger bets on their favorite stocks, but advisers are warning about outsized risks.
The era of a few giant tech firms controlling stock market gains is quickly coming to an end, according to activist investor Nelson Peltz.
Anxious Americans with student loans are tired of waiting for action from President Joe Biden and taking matters into their own hands.
One is here already. The other is lurking right around the corner. Which should worry investors more?
Even as the US real estate market shows signs of cooling, inflation and higher interest rates are making it difficult for young house hunters to buy properties — at least on their own.
US workers can’t quit quitting.
Despite the massive selloff in equities this year and persistently high inflation, Dawn Fitzpatrick isn’t worried about a recession in the immediate future.
It’s been a brutal stretch for retail traders. Stocks are approaching a bear market. A selloff wiped $200 billion off cryptocurrencies in a single day. And Morgan Stanley found that amateur investors who jumped into the market when lockdowns began in 2020 have lost all their gains.
Surging inflation showed little sign of abating last month, indicating that grocery bills will keep going up, markets will remain volatile and investors will continue to feel pain in their 401(k)s.
Since President Joe Biden was elected, millions of Americans with student loan debt have waited for him to fulfill a campaign promise of forgiving at least $10,000 per borrower. While Biden recently extended the payment moratorium for the loans until Aug. 31, pressure is mounting on the administration as the midterm elections approach.
When stocks are plunging, checking your investment accounts is risky business. The market turbulence is jarring for younger investors, who had gotten used to the idea that stocks always go up. And for those with a bit more experience, watching hard-earned money suddenly disappear is a terrible experience.
Both the S&P 500 and the Nasdaq 100 have fallen for four consecutive weeks, and the S&P’s 8.8% drop last month marked its worst April performance since 1970. The tech-heavy Nasdaq slumped 13% for its worst month since the financial crisis in 2008.
Retail investors piled into Twitter Inc. stock on Thursday, after the world’s richest person and head of Tesla Inc. roiled the financial world with an audacious bid to purchase the company for $43 billion. Musk later expressed doubt about whether the blockbuster deal will succeed, but that didn’t do much to deter non-professional traders.
Energy prices were rising even before Russia invaded Ukraine. Now, the war and resulting bans on Russian oil imports are sending crude skyrocketing, raising prices for everything from Uber rides to children’s toys.
The much-awaited easing of Covid cases and restrictions is coinciding with a jump in jet-fuel costs, as Russia’s invasion of Ukraine prompted the U.S. to ban imports of Russian crude and pushed oil prices as high as $130 a barrel. That, plus higher demand for trips, means airline-ticket costs are increasing for consumers, many of whom are already facing higher prices in areas like groceries, gas and rent payments.
America’s central bank increased its benchmark interest rate on Wednesday, pushing it up by a quarter percentage point. The hike — the first since 2018 — was widely expected. But at a time when Russia’s war in Ukraine has roiled global markets, U.S. inflation is at its highest level since the 1980s and Covid-19 cases are increasing in some parts of the world, consumers and investors are contending with the prospect of rates going even higher.
Most analysts expected some action on interest rates from the U.S. Federal Reserve in 2022 — but maybe not the five rate hikes they’re now pricing in. Inflation was clearly driving upwards, but we’re seeing much higher, more consistent price increases.
Surging markets spurred a buying frenzy for everything from stocks and cryptocurrencies to new homes over the last two years. Now, with inflation at a nearly 40-year high and at least three priced-in rate hikes, the hunt for investing safe havens is on.
Cryptocurrencies had a breakout moment in 2021, and NFTs were some of the biggest stars. Now, as with any new and hot investing trend, financial pros are hoping to capitalize on the craze with products promising a way to piggyback on the market.
Warm weather, no state income taxes, palm-fringed beaches and condos have made Florida the quintessential U.S. retirement destination. But a little shore town in New Jersey seems to be taking some of its shine.
This Christmas’s unexpected stocking stuffer might be an NFT.
They’ve only just entered the workforce, but a significant swath of the newest crop of U.S. employees are already making plans for an early exit.
When was the last time your entire paycheck shrank by more than 20%? If you are being paid in Bitcoin, the answer was Saturday, when the token fell as much as 21% in a matter of hours.
The latest clean energy ETFs to hit the market are looking to promote companies doing the most to avoid carbon emissions.
Star ETF manager Cathie Wood is expanding her reach into the world of investing startups by joining the board of a fintech company.
The reflation trade that hammered bonds, drove stock gauges to repeated records and re-energized long dormant value shares this year is in rapid retreat.
