Authorities uncovered 60 alleged Ponzi schemes last year with a total $3.25 billion in investor funds — the highest amount since around the time of the Great Recession, according to new data. Bernard Madoff ran the largest Ponzi scheme in...
S&P sees fastest four-day drop in its history following record ​U.S. equity benchmark down more than 7% in past four days Stocks are bouncing back from two sessions in which the selling bordered on the historic. However long it lasts,...
Market Review Much to the surprise of all, the markets set lofty new highs in 2019. As we entered 2019, analysts and commentators had a consensus that the economy was slowing even further and showing signs of a coming recession....
As tax season approaches, you're going to need to compile all the information about your finances that you possibly can. Your yearly income isn't the only thing you'll need. If you're an investor, or even if you've just made a...
Taxes are one of life’s certainties, but getting audited by the IRS is increasingly less certain these days. In fact, an audit is about half as likely as it was five years ago. Even so, some groups face higher audit...
Americans who fall behind on loan payments, rack up rising debt or take out personal loans to consolidate debt will likely see their credit scores fall under updates planned for the popular FICO scores, according to Fair Isaac Corp., the...
Your wedding is probably the priciest, most complicated party you’ll ever spend money on. In 2017, the average cost of a wedding skyrocketed to $38,700, according to The 2019 WeddingWire Newlywed Report. Navigating the planning process can be difficult when...
What should you and your loved ones be doing to prepare for a retirement when and how you want? While the answer partially depends on whether your own personal finish line is just around the corner or decades away, there’s...
China’s long-running debt problems reached a tipping point this year, crippling numerous small lenders and raising concerns about a systemic liquidity crunch. The lack of confidence resulted in multiple rural bank runs. Worse still, the estimated trillions of dollars of...
Trump revives Brazil, Argentina steel tariffs, swipes at Fed ​U.S. factories extend contraction as index misses forecasts U.S. stocks dropped on concern over global trade risks and disappointing factory data. The dollar and bonds declined. The S&P 500 Index fell...
Saving for retirement can't be done at the last minute; it takes decades of consistent effort to save hundreds of thousands of dollars. When you start early, you still have compound interest on your side. But the longer you wait...
The personal-finance playbook followed by past generations doesn’t add up for many people the way it used to. It’s time for some new money rules. Liz Weeks listened to her parents. Go to college, they said. Then get a good...
A tax loophole lets high earners contribute indirectly to a Roth IRA High-income earners can’t contribute directly to a Roth IRA, but thanks to a tax loophole they can still contribute indirectly. If you qualify to take advantage of this...
Robinhood's "infinite money" glitch — which enabled premium users to borrow seemingly endless amounts of cash and turn thousand-dollar deposits into million-dollar positions — showcased the dangers of turning investing into a game, one expert says. "The infinite-leverage glitch in...
Millennials are nearly as likely as their older co-workers to be regularly saving for retirement, a new survey has found. A solid 45% of millennial workers said they have a 401(k) or IRA, and 33% of those that have an...
