Tag: Banking

‘It was extremely difficult, before I got my monthly payments down, to be able to pay rent, buy food’: Purdue graduate slams alternative student loan, suspended by the university

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When former Purdue University student Matt Wilmsen decided to try a new loan-financing program that would help him avoid traditional student debt, he didn’t expect himself to be constantly grappling with the servicing of his loan for his $29,000 in student debt. From dealing with miscommunication between his college and the loan servicer, who ended … Read More “‘It was extremely difficult, before I got my monthly payments down, to be able to pay rent, buy food’: Purdue graduate slams alternative student loan, suspended by the university” »

As inflation hits a 40-year high, here’s how to rethink emergency savings

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How much do you really need in your emergency fund? Getty Images/iStockphoto You’ve likely long heard that you should have 6-9 months of expenses socked away in your emergency fund – ideally in a safe and accessible spot like a savings account (the good news: some financial institutions like these are now paying 1.25% or … Read More “As inflation hits a 40-year high, here’s how to rethink emergency savings” »

There’s a New Way to Bet Bitcoin Will Fall. Be Careful.

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Text size The Bitcoin Strategy ETF topped $1 billion in assets within two days. Dreamstime Investors will soon have a new tool for betting against Bitcoin, but they better make sure they are prepared for the risks. ProShares said it will launch on Tuesday a short-Bitcoin futures exchange-traded fund, called Short Bitcoin Strategy. The ETF, … Read More “There’s a New Way to Bet Bitcoin Will Fall. Be Careful.” »

I’m paying my adviser 1%, but ‘the only communications I get are invoices.’ So I want to regain sole control of my accounts — without having to talk to him about it. Is this possible?

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“I want to take back control of my accounts and manage them myself — perhaps in consultation with a fee-based advisor eventually.” Getty Images Question: Eight years ago I hired a financial advisor because the rounds of layoffs at work were coming more regularly, and I wanted to know if my savings were enough for … Read More “I’m paying my adviser 1%, but ‘the only communications I get are invoices.’ So I want to regain sole control of my accounts — without having to talk to him about it. Is this possible?” »

Global Stocks Tread Water as U.S. Market Stays Closed for Holiday

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Text size U.S. markets were closed on Monday for the Juneteenth holiday. AFP via Getty Images Stocks traded broadly flat on Monday after a turbulent week as U.S. markets were closed for the Juneteenth national holiday. The Stoxx Europe 600 traded up 0.4%. That followed the biggest five-day plunge in more than three months. In … Read More “Global Stocks Tread Water as U.S. Market Stays Closed for Holiday” »

Bitcoin Teeters Around $20,000 Amid a Volatile Crypto Winter Storm

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Text size Bitcoin traded up on Monday after a week of steep losses. Dan Kitwood/Getty Images Bitcoin, the biggest and oldest cryptocurrency, traded at around the psychologically important level of $20,000 on Monday after falling more than 20% over the past seven days. The digital currency was up 8% in the previous 24 hours to … Read More “Bitcoin Teeters Around $20,000 Amid a Volatile Crypto Winter Storm” »

Mining Firms’ Cautious Spending Threatens Shift to Green Energy

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Metals prices are up, but mining companies aren’t spending. Their restraint could keep supplies tight and magnify shortages of raw materials such as copper and zinc that are critical for the transition away from fossil fuels.  Project spending by 10 large mining companies, including Rio Tinto PLC, RIO -5.14% BHP Group Ltd. and Glencore PLC, … Read More “Mining Firms’ Cautious Spending Threatens Shift to Green Energy” »

Bitcoin Just Crashed Below $20,000. Where It Might Be Headed Next.

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Text size Bitcoin prices have been crashing and could fall even further. Courtesy Ethan Lou The Bitcoin carnage continues, as the cryptocurrency breaks $20,000 to trade at its lowest level since 2020. Don’t be surprised if $10,000 is the next stop. Bitcoin has dropped 7.2% to $19,027.52 during the past 24 hours, bringing it to … Read More “Bitcoin Just Crashed Below $20,000. Where It Might Be Headed Next.” »

The Crypto Party Is Over

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On Super Bowl Sunday, a Crypto.com ad featuring billionaire NBA star LeBron James lit up millions of Americans’ TVs. “If you want to make history, you gotta call your own shots,” Mr. James said in the 30-second spot for the popular cryptocurrency-trading platform. The words that splashed across the screen as the commercial ended read … Read More “The Crypto Party Is Over” »

Citigroup Stock Is the Cheapest of the Big Banks. It’s Ready to Take Off.

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Text size Even Warren Buffett’s Berkshire Hathaway has been buying Citi stock, a vote of confidence if there ever was one. Mario Tama/Getty Images Bank stocks have gotten hit as concerns about the U.S. economy have grown. They’re starting to look like bargains, and none more so than Citigroup . The SPDR S&P Bank exchange-traded … Read More “Citigroup Stock Is the Cheapest of the Big Banks. It’s Ready to Take Off.” »

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