Sam Bankman-Fried succeeded in seducing a lot of the crypto world. Now comes the morning after. As the autopsy of Sam Bankman-Fried’s crypto empire begins, it’s worth saying that there were red flags all over the place. We missed them. It was a success story almost too good to resist. In just over three years,… More
The S&P 500 jumped 5.54% today. How weird is that? Big percentage move, 1929Bettmann Archive Yikes. Stocks up 5.54% in one day. How often does that happen? And does today provide fresh evidence that investors are irrational? Answer to first question: Very, very rarely. Here is a list of the biggest up moves in the… More
Young workers will be allowed to contribute up to $22,500 pretax to a 401(k) in 2023, while those 50 and older will be able to sock away $30,000. getty The Internal Revenue Service announced today that young workers will be allowed to contribute up to $22,500 pretax to a 401(k) or similar retirement savings plan… More
By Richard Eisenberg, Next Avenue getty Sharon Greenfelt Kersten, a 70-year-old publicist, loved the $1,900-a-month Fort Lauderdale, Florida, two-bedroom rental house where she lived and worked. But in November 2021, her landlord told her he planned to raise the rent by roughly 40%, to $2,800 monthly. “I absolutely could not afford that,” says Kersten. So,… More
Yat Siu, cofounder and chairman of Animoca Brands.Bing Guan/Bloomberg Animoca Brands, the Hong Kong-based blockchain gaming developer and prominent crypto projects investor, has bagged $110 million in funding by issuing convertible notes as the company lays groundwork for a possible initial public offering. The latest funding round is led by Singapore’s state-owned investment firm Temasek,… More
FRANKFURT AM MAIN, GERMANY – President of the European Central Bank Christine Lagarde announced a … [+] 75bps rise in European interest rates to combat inflation (Photo by Ronald Wittek – Pool/Getty Images)Getty Images The European Central Bank’s (ECB’s) Governing Council has increased interest rates by 75 basis points. This makes the ECB somewhat late… More
US President Joe Biden speaks in the South Court Auditorium of the White House in Washington, DC, on … [+] September 2, 2022. (Photo by Brendan SMIALOWSKI / AFP) (Photo by BRENDAN SMIALOWSKI/AFP via Getty Images)AFP via Getty Images The Biden administration released significant new details last week on its plan to implement wide-scale student… More
To get the most value from your financial advisor, you must ask the right questions. Pose strategic questions to prospective advisors and you can quickly weed out the pros who don’t fit your needs. During financial and retirement planning sessions, you can lean on pointed queries to reveal assumptions that should be refined. And in… More
Out of all U.S. cities with at least 100,000 total occupied housing units, Cleveland has seen the … [+] largest increase in its share of owner-occupied households with incomes of $150,000 or more, from 2010 to 2020.getty It’s now been almost 15 years since the onset of the Great Recession, which, according to the National… More
Mekaelia Davis from The Ballmer Group, Chanel Cathey from CJC Insights and Michele Jawando from … [+] Omidyar NetworkMekaelia Davis, Chanel Cathey & Michele Jawando Business funding tells a story through numbers alone, and it’s no secret that they’ve looked bleakest for Black founders for a long time. The peak year for funding to Black… More
Ukrainian forces reportedly in Kherson Oblast.Via social media With a flurry of rockets from American-made launchers, Ukrainian forces in southern Ukraine attacked toward Russian-occupied Kherson on Monday. Some analysts are calling the attack a “counteroffensive.” Kyiv since May has been signaling its intentions to liberate Kherson, a city of 300,000 on the Black Sea coast.… More
You can’t play an effective doubles game with any old tennis player. Or win a beach volleyball match with a partner you don’t trust. In the same way, it’s easier and more fun to win the wealth game when you’re partnered with a financial advisor who’s compatible with you and your situation. Compatibility in this… More
Boise, Idaho, USA – October 22, 2017: Boise skyline panorama with fall colors getty Given rising mortgage rates that spiked to their highest levels since the 2008 housing crisis and fears of a recession, the real estate market has been preparing for a slowdown. Many experts are cautioning sellers to say goodbye to the pandemic… More
Traditional old fashioned street of houses with gables getty After my recent piece that put student debt cancellation into an economic context going back to 1970, an email from a reader arrived. This person found the use of experience in the 1970s “disheartening” and “not relevant.” That looking at the period from 2000 to 2022… More
WASHINGTON, DC – AUGUST 25: Student loan borrowers stage a rally in front of The White House to … [+] celebrate President Biden cancelling student debt and to begin the fight to cancel any remaining debt. (Photo by Paul Morigi/Getty Images for We the 45m) Getty Images for We the 45m The Biden administration’s plan… More
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