Cash Clues: Calculating Your Taxes
CBS 2's Jamaica Ponder has news you can use regarding tax brackets and the marginal tax rate.
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Business InsiderAmerican companies' spending on private jets hit a 10-year high, and Mark Zuckerberg's Meta took the No. 1 spot
Companies represented in the S&P 500 spent nearly $34 million on private jet travel for CEOs and board members last year, the Financial Times reported.
- MarketWatch
What’s next for the stock market after the worst 1st half since 1970? Here’s the history.
A bear market leaves the S&P 500 on track for its worst first six months since 1970. Here's what's happened after stocks suffered steep first-half stumbles in the past.
- TheStreet.com
Crypto Warning From Within: Billionaire Says More Bad News Ahead
The crypto industry is currently undergoing a truth test that will determine which projects are viable
- Motley Fool
A Recession Could Be Coming. Here's How Dave Ramsey Suggests You Prepare
Many financial experts are warning of an impending recession and there's reason to be concerned. With the Federal Reserve raising interest rates and projecting higher unemployment rates, along with continuing inflation and ongoing supply chain issues, there's a very real possibility to suspect an economic downturn is coming. Unfortunately, your own finances could be adversely affected if the economy enters a recession.
- MarketWatch
Why the S&P 500 may be in for a 1966-style bear market, according to DWS Group
David Bianco, chief investment officer Americas at DWS Group, has a price target for the S&P 500 of 3,700 to f 4,100 for the second half of the year.
- Yahoo Finance
New report reveals major source of recent crypto market chaos
A new report from blockchain analytics company Nansen offers some insight into why major crypto trading firms including Celsius Network and Three Arrows Capital became financially over-exposed earlier this month.
- MarketWatch
Crypto exchange CoinFlex says one of the most prominent names in the industry defaulted on $47 million USDC debt
CoinFlex’s chief executive Mark Lamb said Tuesday that it issued a notice of default to Roger Ver, alleging that Ver failed to meet a margin call and owes the exchange $47 million USDC.
- TheStreet.com
Crypto Crash: A First Big Domino Falls. Who's Next?
Hedge fund Three Arrows Capital (3AC), which bet big on failing crypto Luna and UST, has just fallen into liquidation.
- MarketWatch
Here’s how much your Social Security check is likely to go up next year
If you’re retired or just about to retire, next year’s Social Security checks are likely to see one of the biggest bumps on record as a result of surging consumer prices. The higher payments will be welcome news for retirees, who have seen their household finances squeezed badly so far this year as a result of rocketing inflation and turmoil in the financial markets. The consumer-price index rose by 8.6% in the year through May, way ahead of the 5.9% annual inflation adjustment handed out to Social Security beneficiaries in January.
- SmartAsset
Ask An Advisor: Can I Harness the Bear Market to Cut My RMDs and Tax Bill?
I am currently in a 12% tax bracket and attempting to convert as much money as I can to a Roth individual retirement account (IRA) without going into the next bracket. I am trying to do this to reduce my … Continue reading → The post Ask An Advisor: Can I Harness the Bear Market to Cut My RMDs and Tax Bill? appeared first on SmartAsset Blog.
- Motley Fool
Dave Ramsey Recommends You Put Your Retirement Money in These 2 Accounts
When you're saving for retirement, it's imperative you choose the right kind of accounts to put your money into. Here's where Ramsey believes you should put your retirement money. On the Ramsey Solutions blog, Ramsey makes clear that the very first thing you should do with your retirement money is to put it into a workplace 401(k).
- Motley Fool
3 Stock-Split Stocks You Can Confidently Buy and Hold Forever
Among the high-profile stocks splitting their shares in 2022, these three offer the most attractive long-term growth prospects.
- Motley Fool
Suze Orman Says This Needs to Be Your No. 1 Financial Priority
You may be at a point in life where you're trying to tackle different financial goals. Are you adequately prepared for a financial crisis? You never know when you might lose your job or get hit with a string of costly expenses, like home repairs or medical bills, that your paycheck can't cover.
- TheStreet.com
AMD Victim of a Bad Blow at a Very Bad Time
The semiconductor manufacturer is going through a difficult time marked by questions about the demand for its graphics cards.
- Fortune
‘Crypto is going through what most innovations go through’: Top economist Mohamed El-Erian says that low barriers, overproduction, and unsavvy investors are all part of ‘round one’
“We saw lots of people coming in who didn’t quite understand what that crypto space really is.”
- CoinDesk
Crypto Miners Face Margin Calls, Defaults as Debt Comes Due in Bear Market
With revenues drying up, crypto miners are struggling to meet loan obligations, which total up to $4 billion for the industry.
- The Root
$1 Billion Black-owned firm in Philadelphia is Closing Its Doors
Philadelphia stock-and-bond firm Swarthmore Group started by lawyer James Nevels in 1991 is scheduled to close on Thursday, according to staffers and sources.
- Business Insider
'Big Short' investor Michael Burry expects pressure on white-collar wages — and points to Tesla firing office workers as evidence
Burry predicts the US labor market will be split in two, with a glut of office workers, and a shortage of their unskilled and semi-skilled peers.
- Barrons.com
Carnival Stock Could Fall to $0 in a Worst-Case Scenario, Analyst Says
Carnival stock was tumbling Wednesday after Morgan Stanley cut its price target to a Wall Street-low, saying it sees the case for a stock wipeout. Morgan Stanley analysts slashed their base case price target to $7, according to Bloomberg, and maintained an Underweight rating on the stock. In a worst, or “bear case” scenario, Carnival’s (ticker: CCL ) price could reach zero, they added.
- Business Insider
I used Coinbase and FTX to buy and trade crypto— here's how 2 of the largest exchanges stack up for beginners
Coinbase offers five times as many virtual coins, including big ones like Polkadot that FTX's US arm doesn't have. It's also more beginner-friendly.