‘She never has enough money’: I was adopted by a wealthy family, but my biological grandma says I need to financially support her — and buy her a condo
My biological mom died when I was a toddler, and the state felt that my grandmother wasn’t appropriate as a placement given that they found she had mental-health issues at that time. I was adopted by an upper-class family, and all communication with my biological grandma was prohibited after the adoption. Fast forward to when […]
Where do things stand with student loans? Here are answers to 5 common questions.
From repayment policy changes to a sweeping one-time debt forgiveness plan, 2022 proved to be a high-profile year for student loans. But questions have clouded the student loan announcements, and answers are few and far between. We don’t yet know how, when or if some of these changes will take form. As 2023 dawns, here are […]
As U.S. dollar stumbles, Japanese yen is ‘hottest story in town’. Here’s why.
It’s the comeback currency. The Japanese yen, among the world’s worst-performing major currencies in 2022, roared back to a seven-month high versus a now-reeling U.S. dollar on Friday, as traders bet the Bank of Japan will finally join other major central banks in tightening monetary policy. A December reading Thursday on U.S. inflation that was […]
Is Buy Now, Pay Later the Credit Card Killer?
Having a limited budget has been a timeless constraint for many and the digital shift has just right the way of tackling it: Buy Now, Pay Later (commonly referred to by its acronym BNPL). AloGatewayis a Global payment processing service and solutions provider able to cater to a multitude of clients ranging from small family-owned […]
The Fed has won its ‘war’ against inflation, says JPMorgan analyst. And now it needs to stop hiking interest rates.
“‘This is a war that [the Federal Reserve has] won, and now they are in danger of tipping the economy into recession and making the fiscal problem worse, so I wish they would be done.’” — David Kelly, JPMorgan Chase & Co. A top global markets strategist for JPMorgan Chase & Co.’s asset-management business said […]
Oil futures score a weekly gain of more than 8% as China’s economic reopening boosts demand prospects
Oil futures on Friday posted a gain of more than 8% for the week, supported by optimism over demand from China as the country lifts its strict COVID-19 curbs and reopens its economy. Price action West Texas Intermediate crude for February delivery CL00, +1.94% CL.1, +1.94% CLG23, +1.94% rose $1.47, or 1.9%, to settle at […]
Tesla is a ‘soft-landing’ stock, says Goldman Sachs. Here are its picks for a gentle slide as well as a rough landing.
Pour one out for the beleaguered economists, who for once got an important indicator, the consumer price index, right on the nose, after CPI fell 0.1% in December, while core prices rose 0.3%. “The 2021 surge in durable goods demand normalized, and the resulting collapse in durable goods price inflation was stunningly fast,” says Paul […]
Genesis, Winklevoss twins’ Gemini crypto venture charged by SEC with selling unregistered securities
U.S. securities regulators on Thursday charged Genesis Global Capital and crypto exchange Gemini Trust Co. with offering and selling of unregistered securities to retail investors, bypassing disclosures and other requirements aimed at protecting market participants. Genesis and Gemini raised billions of dollars’ worth of crypto assets from hundreds of thousands of investors through unregistered offers, […]
‘Super lame,’ says Gemini co-founder Tyler Winklevoss about SEC charges
New charges against crypto platforms Genesis Global Capital and Gemini Trust Co. by the Securities and Exchange Commission are “disappointing,” said Tyler Winklevoss, co-founder of Gemini, in a Twitter thread on Thursday evening. Earlier Thursday, the SEC charged Genesis and Gemini with engaging in the offering and sale of unregistered crypto asset securities through Gemini […]
The housing market is showing signs of ‘normalizing’ and IRS says ‘Tax Day’ will be different this year — put these important tax dates on your calendar
Hi, MarketWatchers. Don’t miss these top stories.IRS says ‘Tax Day’ will be different this year — put these important tax dates on your calendar Two thirds of households received income-tax refunds last year, IRS statistics show. Read More U.S. mortgage rates slip, giving some relief to homebuyers The 30-year mortgage rate is averaging at 6.33%, […]