Sam Bankman-Fried, the disgraced founder and former CEO of FTX, has had a bad week. A bad week that follows a bad month. Bankman-Fried, known as SBF in the crypto world, was arrested on Monday and charged by three different...
Even Americans with only modest retirement funds may be shocked to learn how many people are in desperate straits: as in, they have no nest egg at all. Recent research by the Federal Reserve shows that an astounding one in...
Aftershocks from the massive earthquake in the trillion-dollar crypto industry last week continued to reverberate on Monday. Prices of digital currencies fell again as the crisis engulfing the market deepened over the weekend. Bitcoin, the world’s biggest cryptocurrency, has plummeted...
The Pandemic Housing Boom unleashed an “investor mania” unlike anything seen in the U.S. housing market since the aughts housing bubble. Average Joes poured into the market in hopes of building Airbnb empires. Institutional investors, like Blackstone-owned Home Partners of...
The U.S. Federal Reserve will go for its fourth consecutive 75 basis point interest rate hike on Nov. 2, according to economists polled by Reuters, who said the central bank should not pause until inflation falls to around half its...
The IRS released inflation-adjusted marginal rates and brackets for 2023 on Tuesday, and many workers will see higher take-home pay in the new year as less tax is withheld from their paychecks. Additionally, the agency released the standard deduction for...
The Fed's interest rate hike is supposed to give housing industry a "reset," yet brings uncertainy. Fed Chair Powell said in effort to cool "red-hot" housing market, it takes a "difficult correction." Expert: Housing inventory will remain tight in the...
The firm will not be the last to come under pressure as economies wilt As interest rates rise and asset prices slump, investors are scrambling to identify the weakest links in the global financial system. Every bear market produces national...
The average interest rate on the most popular U.S. home loan climbed to its highest level since August 2008, data from the Mortgage Bankers Association (MBA) showed on Wednesday. Rising mortgage rates are increasingly weighing on the interest-rate-sensitive housing sector...
All eyes are on the Federal Reserve as the central bank kicks off a two-day policy meeting Tuesday, as officials are widely expected to raise short-term interest rates by three-quarters of a percentage point at the conclusion of their meeting...
Soaring consumer prices aren't fading as quickly as hoped. Inflation in August remained near 40-year highs, defying forecasts of a sharper decline and squeezing the budgets of millions of Americans who are struggling to cover basic costs like food, gas...
Crypto and related assets dropped Tuesday following the August inflation report that showed prices rose more than anticipated, signaling that the Federal Reserve is likely to hike interest rates by another 0.75% next week. Bitcoin dangled above its crucial $20,000...
The Federal Reserve is committed to bringing inflation down to its 2% goal, which means interest rates will continue to rise, Federal Reserve Chairman Jerome Powell said in a speech at a conference on Friday. But by how much more...
A look at the day ahead in U.S. and global markets from Mike Dolan. If the Federal Reserve was irked about a premature easing of financial conditions this summer, then it's successfully shut down the party. Fed chief Jerome Powell's...
Rent is the new gas. Surging rent prices – instead of gas – are now hitting consumers hard, according to data from Bank of America Institute. Median rent payments for Bank of America customers increased by 7.4% year over year...
