Bitcoin BTCUSD, -2.08% plunged to as low as $20,834 late Monday, the lowest level since December 2020 and down about 70% from its all-time high in November. The No.1 cryptocurrency is trading at around $22,407 Tuesday, down 5% over the...
I know a lot of people who have a goal of retiring early, be it in their late 50s or sometime during the first half of their 60s. Personally, the idea of early retirement doesn't interest me. (Technically, if I...
The Federal Reserve’s almost $9 trillion portfolio is about to be reduced starting on Wednesday, in a process intended to supplement rate hikes and buttress the central bank’s fight against inflation. While the precise impact of “quantitative tightening” in financial...
The good news for traders: A U.S. recession is almost fully priced into the stock market. The bad news: It's not 100% priced in, if history is any guide. With the S&P 500 down about 19% from its Jan. 3...
College students expect to make about $103,880 in their first job after graduation, a new survey suggests. But statistics show that the average starting salary for college graduates is $55,260. Overestimates also persist in undergrads' outlook for mid-career earnings –...
It's tempting to say the U.S. is inching toward a recession, or it's already in one. At least that's the takeaway some economists had from Thursday's GDP report, which showed that the U.S. economy shrank at a seasonally adjusted annual...
Sales of new U.S. homes fell in March to a four-month low, indicating high prices and surging borrowing costs are putting more of a squeeze on the market. Purchases of new single-family homes decreased 8.6% to a 763,000 annualized pace,...
A hard landing will ultimately be unavoidable by late ‘23 / early ‘24 after an aggressive series of Fed hikes over the next 18 months,’ says Deutsche Bank’s Jim Reid With U.S. households looking in good financial shape, the Federal...
Should you buy now or wait until the rate resets in May? Want to lock in a greater-than-8% return with U.S. Treasurys over the next 12 months? Of course you would, especially given the higher-than-expected inflation numbers reported this week,...
House prices can be out of sync with market fundamentals when there is widespread belief that the current robust price increases will continue An analysis by housing giant Freddie Mac suggests that the housing shortage has increased 52% from 2.5...
Small businesses that have been buffeted by the pandemic, inflation and shipping woes have another challenge to add to their plate: taxes. Tax season can be complicated for everyone, but as the April 18 filing deadline looms, small-business owners, contractors,...
Here's how to get an additional six months to file your 2021 tax return. For the 2021 tax year, individual income tax returns are due by Monday, April 18, 2022. However, the IRS acknowledges that not all taxpayers can meet...
Many Americans spend their lives working hard and dreaming of the day they can finally retire. But planning for retirement requires more than dreaming — it means being strategic and focused on saving money, among other things. The average age...
As someone who writes about retirement all the time, I'm often motivated to do a personal checkup and see if I'm on track with my savings. And to that end, there's a host of free online tools available to run...
Many Americans spend their lives working hard and dreaming of the day they can finally retire. But planning for retirement requires more than dreaming — it means being strategic and focused on saving money, among other things. The average age...
