Banking/Credit

High-profile NFT auctions from Beeple, Madonna flop amid crypto crash

High-profile NFT auctions from Beeple, Madonna flop amid crypto crash

The once-sizzling market for NFTs has become a spectacular bust, as high-profile auctions increasingly flop and investors who plunked down millions for bizarre digital artworks now struggle to unload them at a tiny fraction of what they paid. Last spring, the little-known crypto artist Beeple sold an NFT for an eye-popping $69 million. This month, …

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Gold closes out Thursday trade higher, aims for weekly gain

Fannie Mae chief economist says the U.S. housing market has finally turned a corner and temporary child tax credits contributed to Americans’ financial security in 2021

Hi, MarketWatchers. Don’t miss these top stories. The good news: Americans’ financial security soared last year. The bad news: That may be due to this lucrative, but temporary tax break The share of Americans who said they were able to cover $400 in emergency expenses, using cash or its equivalents, reached a 9-year-high. Read More …

Fannie Mae chief economist says the U.S. housing market has finally turned a corner and temporary child tax credits contributed to Americans’ financial security in 2021 Read More »

'The weight of this debt is crushing': I'm 74, and a retired speech-language pathologist with a student-loan debt of $200K. Am I obliged to pay it off?

‘What are the chances? I retire and the stock market crashes. All my plans are upside down.’ I want to draw on my 401(k) to renovate my new home. What options do I have?

Dear Quentin, I’m due to retire in two months and I have already moved to my new home in the sun. I have not sold my apartment in a major U.S. metropolitan area on the east coast, as I wanted to see how I settled into my new life. It’s a quiet, but beautiful city …

‘What are the chances? I retire and the stock market crashes. All my plans are upside down.’ I want to draw on my 401(k) to renovate my new home. What options do I have? Read More »

Inheriting a house? Read this before you make any rash decisions

Inheriting a house? Read this before you make any rash decisions

Leaving behind a home for a loved one to inherit is a huge gift, but without the right planning, it could be an equally large headache.  Beneficiaries must juggle many considerations when they inherit a home, especially if they’re sharing that gift with siblings or others. There are tax implications whether they keep or sell …

Inheriting a house? Read this before you make any rash decisions Read More »

'The weight of this debt is crushing': I'm 74, and a retired speech-language pathologist with a student-loan debt of $200K. Am I obliged to pay it off?

‘We were surprised and appalled’: My wife and I enrolled our terrier, Spencer, at puppy day school. They used electric-shock collars. Should we ask for a refund? Or threaten to sue?

My wife and I adopted a terrier during the pandemic. It was the best decision we ever made, aside from getting married. But this is a close second.  We had some minor issues with Spencer — named after the late Diana, one of my wife’s favorite royal figures — “escalating the play,” according to one …

‘We were surprised and appalled’: My wife and I enrolled our terrier, Spencer, at puppy day school. They used electric-shock collars. Should we ask for a refund? Or threaten to sue? Read More »

This portfolio manager's strategy uses just one ETF and his own 'crash indicator' to beat the market by 530%

This portfolio manager’s strategy uses just one ETF and his own ‘crash indicator’ to beat the market by 530%

Wall Street saw a solid bounce on Friday, but stocks remains periously close to a bear market. With a war raging in Europe, surging prices all over and uncertainty over what central banks can do about it, investors may not get that traditional lazy, hazy summer. Providing our call of the day is the president …

This portfolio manager’s strategy uses just one ETF and his own ‘crash indicator’ to beat the market by 530% Read More »

'Pay is the No. 1 reason people decide to take a job or leave a job': Will record-high inflation push more people to go back to work?

‘Pay is the No. 1 reason people decide to take a job or leave a job’: Will record-high inflation push more people to go back to work?

Labor costs are driving up inflation. But will inflation also drive more people back to the workforce? The annual rate of inflation slowed to 8.3% in April from 8.5% the previous month, helped by a fall in gasoline prices, but consumers still face rapidly rising costs. The March reading was the highest since 1981. The …

‘Pay is the No. 1 reason people decide to take a job or leave a job’: Will record-high inflation push more people to go back to work? Read More »

Teens headed to college this year could face almost $40K in debt, and more parents are shouldering the load

Teens headed to college this year could face almost $40K in debt, and more parents are shouldering the load

This year’s high school graduates could take on nearly $40,000 in student loan debt in pursuit of a bachelor’s degree, according to a NerdWallet analysis. And with this debt stretching across federal, parent and private loan sources, the final cost of their education will grow far beyond tuition and fees. Today, it’s nearly impossible to …

Teens headed to college this year could face almost $40K in debt, and more parents are shouldering the load Read More »

Fed official says he doesn’t buy the ‘Great Resignation’ and data from 2.1 million students in 10,000 schools reveal the impact of remote learning on academic achievement

Fed official says he doesn’t buy the ‘Great Resignation’ and data from 2.1 million students in 10,000 schools reveal the impact of remote learning on academic achievement

Hi, MarketWatchers. Don’t miss these top stories. Data from 2.1 million students in 10,000 schools reveal the impact of remote learning on academic achievement The researchers issued a stark warning regarding remote learning for children. Read More Fed official says he doesn’t buy the ‘Great Resignation’ — and says employers ‘always say’ there’s a labor …

Fed official says he doesn’t buy the ‘Great Resignation’ and data from 2.1 million students in 10,000 schools reveal the impact of remote learning on academic achievement Read More »

America split itself into tribes over abortion, climate change and immigration, Harvard professors say

America split itself into tribes over abortion, climate change and immigration, Harvard professors say

New research from Harvard University economists looks at political polarization in response to wealthy Americans prioritizing moral issues, even if these moral issues are split along party lines. The paper was released on Monday, hours before Politico reported that the U.S. Supreme Court appears set to strike down the landmark Roe v. Wade decision. The …

America split itself into tribes over abortion, climate change and immigration, Harvard professors say Read More »