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SEC regulatory blitz begins with proposals to tighten rules on hedge funds, private equity

SEC regulatory blitz begins with proposals to tighten rules on hedge funds, private equity

The Securities and Exchange Commission will vote Wednesday on whether to propose new regulations requiring private investment advisers, like private equity and hedge funds, to more frequently report to the government when they suffer large investment losses or redemptions and other adverse events. The vote on the new proposal is the first in what analysts …

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My husband and I are divorcing. I brought $35K into the marriage. He wants me to subtract that money from our home’s equity. I say split the equity first

‘My company may IPO and make me a millionaire’: My boyfriend and I have a cohabitation agreement. If we split, would he have a right to my money?

Dear Quentin, I’ve been with my boyfriend for 10 years and we now co-own a home together in Tennessee. A lawyer helped us create a “cohabitation agreement” for our house purchase. We’ve never lived in a common-law state and — with the exception of a joint bank account to pay for our mortgage, utilities and …

‘My company may IPO and make me a millionaire’: My boyfriend and I have a cohabitation agreement. If we split, would he have a right to my money? Read More »

Verizon says government 5G limits haven't hurt business, expects resolution soon

Verizon says government 5G limits haven’t hurt business, expects resolution soon

Verizon Communications Inc. said limits on its 5G expansion haven’t hurt its ability to connect customers, though the wireless company is still waiting for firm government rules on where its signals can reach in the months ahead. Chief Executive Hans Vestberg said Tuesday that the company already covers 95 million people with the high-speed service despite temporary …

Verizon says government 5G limits haven’t hurt business, expects resolution soon Read More »

Is saving half your income hard? Saving 10% is even worse

Is saving half your income hard? Saving 10% is even worse

I frequently share my story on general personal finance platforms as an example of what is possible. My wife and I achieved financial independence (defined as having accumulated greater than 25 times our annual spending in invested assets) decades earlier than most people. We accomplished this primarily by saving roughly half of our household income …

Is saving half your income hard? Saving 10% is even worse Read More »

The IRS is looking into reports of families receiving wrong information about child tax credit payments —  a problem that could affect their tax refunds

The IRS is looking into reports of families receiving wrong information about child tax credit payments — a problem that could affect their tax refunds

The Internal Revenue Service says it’s looking into reports that some families have received inaccurate figures from the IRS about their child tax credit payments — an important number that determines how big their tax refund will be this year. “We are still looking into some of the information we’ve heard about the information on …

The IRS is looking into reports of families receiving wrong information about child tax credit payments — a problem that could affect their tax refunds Read More »

DoorDash stock bounces back from record intraday low, Airbnb avoids biggest stock drop ever

DoorDash stock bounces back from record intraday low, Airbnb avoids biggest stock drop ever

Like the broader stock markets, gig-economy companies staged a comeback of sorts to close out Monday’s volatile session, but not before DoorDash Inc. shares hit an all-time low and Airbnb Inc. flirted with its steepest drop on record. Major U.S. stock markets and indexes, which plunged in early trading due to a combination of factors …

DoorDash stock bounces back from record intraday low, Airbnb avoids biggest stock drop ever Read More »

S&P 500 is close to a correction. Here's the number it needs to avoid

S&P 500 is close to a correction. Here’s the number it needs to avoid

Stock benchmarks on Monday were headed significantly lower near the open, as investors braced for a Federal Reserve gathering early this week that could set the tone for the rest of 2022, amid tensions centered on Russia over the military buildup on the border with Ukraine. On Monday, the S&P 500 index SPX, -2.10% was …

S&P 500 is close to a correction. Here’s the number it needs to avoid Read More »

I earn $35K, have $20K in credit-card debt, and $200K in stock. I dream of turning my studio into a rental unit and building a pool

‘They’ve shown no remorse’: My relatives agreed to rent my apartment, but they never moved in. I was stuck paying the rent for 2 months

Dear Quentin, I purchased a home in New Jersey where it’s calm and peaceful. I have a three-bedroom apartment in Brooklyn, New York. The rent is $1,900. I had a verbal rental agreement with relatives (a couple and their three children). They were experiencing some financial hardship, and I wanted to assist in some way. They agreed to …

‘They’ve shown no remorse’: My relatives agreed to rent my apartment, but they never moved in. I was stuck paying the rent for 2 months Read More »

Peloton takes another hit after another fictional heart attack, on 'Billions' this time

Peloton takes another hit after another fictional heart attack, on ‘Billions’ this time

Peloton Interactive Inc., which has seen its stock battered over the past year, is dealing with another potential PR disaster after a main character on Showtime’s “Billions” was shown suffering a heart attack while using a Peloton machine. The “Billions” scene comes on the heels of a fatal onscreen Peloton heart attack for a major …

Peloton takes another hit after another fictional heart attack, on ‘Billions’ this time Read More »

Is the market crashing? No. Here's what's happening to stocks, bonds as the Fed aims to end the days of easy money, analysts say

Is the market crashing? No. Here’s what’s happening to stocks, bonds as the Fed aims to end the days of easy money, analysts say

As the stock market has convulsed lower and yields for bonds have surged in recent weeks, culminating in a so-called correction for the Nasdaq Composite Index, average Americans are wondering what’s amiss with Wall Street. Increasingly, Google searches have been focused on the state of the market (and the economy), and for a good reason. …

Is the market crashing? No. Here’s what’s happening to stocks, bonds as the Fed aims to end the days of easy money, analysts say Read More »