How to prepare for a recession
The Washington Post’s personal finance columnist Michelle Singletary gives seven tips to protect yourself whether a recession is coming or not.
Recommended Stories
Business Insider'Die-hard' Nintendo fan spent over $40,000 buying stock and then asked top executives why the company won't make more of a fan-favorite series
The person told Insider "I have been playing Nintendo games since I was a child" and called himself a "die-hard fan."
- MarketWatch
Here’s how much the value of 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 so far this year as a result of rocketing inflation and turmoil in the financial markets. The consumer-price index is up an annual 8.6% through May, way ahead of the 5.9% annual inflation adjustment handed out to Social Security beneficiaries in January.
- SmartAsset
Do You Need to File a Tax Return on Living Trusts?
A living trust is a common solution for many people with estate planning needs. However, few people know about its tax-filing requirements. Generally, any trust with at least $600 in annual income must file a federal return. But for a … Continue reading → The post Does a Living Trust Need to File a Tax Return? appeared first on SmartAsset Blog.
- TheStreet.com
Billionaire Saylor Makes New Bitcoin Bet Despite Heavy Losses
As long Michael Saylor is around, Bitcoin will never walk alone. The billionaire co-founder and CEO of MicroStrategy , and four-alarm Bitcoin evangelist has taken the concept of HODL -- sometimes known as "hold on for dear life" -- to the stratosphere. This is a challenging time for digital currencies.
- Business Insider
Bitcoin could fall an additional 27% to its 2019 high as the crypto tests a big support level, according to Fairlead's Katie Stockton
"It will likely take several months for a long-term oversold 'buy' signal to register," Fairlead Strategies' Katie Stockton said.
- Business Insider
UK bank tells customers to close their accounts after they complain about gender-pronoun badges for staff
The British bank Halifax told Insider it was giving its employees the option to add pronouns to their name badges.
- Business Insider
Crypto exchange CoinFlex says Roger Ver - aka 'bitcoin Jesus' - is behind the underwater account that forced it to halt customer withdrawals
"He is denying that the debt pertains to him and so we felt the need to clarify to the public that yes - the debt is 100% related to his account," CoinFlex's CEO said.
- MoneyWise
‘We are in a recession’: Long-time bull Cathie Wood warns investors about the ‘big problem’ in the economy. Here’s what she likes today
The super investor still sees opportunities ahead.
- The Telegraph
Germany seizes three Gazprom tankers in new blow for Putin - live updates
Camelot loses legal battle to keep hold of National Lottery A defence spending cut – disguised by Boris Johnson's fiscal sleight of hand FTSE 100 falls 0.8pc as recession fears return Ben Marlow: Heathrow risks killing off the golden age of air travel Sign up here for our daily business briefing newsletter
- MarketWatch
Bitcoin could experience a ‘final washout’ decline before reaching a bottom of $13,000, this technical analyst says
Bitcoin is struggling to hold above the psychological level of $20,000, as the Dow Jones Industrial Average strives to hold its gains on Wednesday.
- Business Insider
Top Indian firm pays for Russian coal in yuan and traders say more buyers could turn to China's currency
"I have never heard any Indian entity paying in yuan for international trade in the last 25 years of my career," a currency trader told Reuters.
- Motley Fool
S&P 500 Bear Market: Warren Buffett's 2008 Advice Still Holds True
It's not an easy time to be an investor right now. Stock prices have plummeted over the last six months, and many Americans are worried that a recession could be looming. Nobody knows when the market will bottom out or how long it might take to recover, which only adds to many investors' concerns.
- Bloomberg
SPAC Led by Former Apple Executive Goes Bankrupt Less Than a Year After Going Public
(Bloomberg) -- Enjoy Technology Inc., a retail startup founded by former Apple Inc. executive Ron Johnson, filed for bankruptcy on Thursday -- less than a year after going public through a merger with a blank-check company.Most Read from BloombergStock Doomsayers Vindicated in Historic First Half: Markets WrapThe Wheels Have Come Off Electric VehiclesDemocrats Weigh Paring Biden Tax Hike to Win Over ManchinUS Will Face High Gas Prices ‘as Long as It Takes,’ Biden SaysSupreme Court Crimps Biden’s
- 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.
- Insider Monkey
Jim Cramer Is Warning About These 8 Value Stocks
In this article, we discuss the 8 value stocks that Jim Cramer is warning about. If you want to read about some more value stocks that Jim Cramer is warning about, go directly to Jim Cramer is Warning About These 4 Value Stocks. As inflation numbers continue to add to the concerns around economic growth […]
- TipRanks
2 “Strong Buy” Stocks That Are Too Cheap to Ignore
The current market conditions – the NASDAQ is down 29% year-to-date, and the S&P 500 is down 21% – offer bargain hunters a target-rich environment. Plenty of sound stocks have seen their prices decline, pulled down by the general market headwinds and the overall stock trend, to levels that have left them too cheap to ignore. At this level, investors can find the benefits of cheap stocks, which offer both learning opportunities and strong upside potential. However, in evaluating stocks to buy, it
- Barrons.com
Bitcoin Drops to End Worst Quarter Since 2011, When It Was $1. What Comes Next.
Bitcoin, the largest and oldest cryptocurrency, is headed for its biggest quarterly decline in more than a decade.
- GOBankingRates
Bitcoin Buoyancy: Why This Money Expert Still Calls Crypto ‘Wealth Creation Opportunity’ Not Seen in 35 Years
While we have entered a crypto winter, not everyone sees this as doom and gloom for the ecosystem. Several experts and advisors offer a more nuanced vision of the industry and its prospects, with one...
- TheStreet.com
Economist Roubini: Why Stocks Poised for 50% Wipeout
The stock market is off to its worst start to a year since 1962, with the S&P 500 dropping 21% in the first half of 2022.
- CoinDesk
Why This Crypto Crash Is Different
There can be no return to the highly-leveraged, fractionally-reserved cryptocurrency system whose illusory riches are now giving way to real losses, says our columnist.