Why Michigan's high auto insurance rates are on the rise again
Michigan’s high auto insurance rates are on the rise again as part of a national trend that comes as inflation is also hammering our wallets.
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FortuneThere’s a wild theory that the price of Bitcoin is being propped up—and the academic who proved manipulation in 2017 suspects it may be happening again
Bitcoin's sudden stability is “very suspicious” says John Griffin, finance professor at the University of Texas McCombs School of Business. “The same mechanism we saw in 2017 could be at play now in the still unreal Bitcoin market.”
- Fortune
Warren Buffett’s right-hand man Charlie Munger, who once called crypto ‘rat poison,’ says we should follow China’s lead and ban cryptocurrencies altogether
“A cryptocurrency is not a currency, not a commodity, and not a security,” Munger said Wednesday in a WSJ op-ed. “It’s a gambling contract."
- Fortune
Some Medicare beneficiaries are surprised with premium surcharges, which can triple premiums. Here’s how to appeal and avoid them
This surcharge—known as IRMAA—can be hefty.
- AFP
Adani Enterprises shares suspended as price slumps again
Shares in the flagship firm of beleaguered Indian tycoon Gautam Adani were repeatedly suspended on Friday as a rout triggered by allegations of accounting fraud deepened.This "brazen stock manipulation and accounting fraud scheme" is "the largest con in corporate history", Hindenburg said.
- MarketWatch
I’m 72, have a cushy amount invested and was withdrawing 4% a year. But once I pay my financial adviser’s fees and California taxes that won’t be enough. What’s my move?
Have a question about working with your financial adviser or looking to hire a new one? Email picks@marketwatch.com.
- Motley Fool
History Suggests the Nasdaq Could Soar In 2023 -- 1 Stock-Split Stock Wall Street Says to Buy Hand Over Fist
The Nasdaq-100 index, which hosts 100 of the largest tech stocks listed on the Nasdaq exchange, sank 33% in 2022, which has left many portfolios battered and bruised. See, the Nasdaq-100 almost never falls two years in a row. Since the Nasdaq-100 is already up 10% year to date in 2023, history might be set to repeat.
- Motley Fool
This Major Retailer Could Pose a Threat to Walgreens and CVS, and It's Not Walmart
One way for companies to bring more traffic to their stores is to provide services that customers can't get from an online retailer like Amazon (NASDAQ: AMZN), which could otherwise easily steal sales away from brick-and-mortar shops. Healthcare could provide such an opportunity, with CVS Health (NYSE: CVS) and Walgreens Boots Alliance (NASDAQ: WBA) making moves in recent years to make it easier for customers to take care of common health issues at their pharmacies rather than having to go to a primary care provider. Big-box retailer Walmart (NYSE: WMT) has gotten into the mix and has begun offering healthcare services at some of its stores.
- SmartAsset
Do I Have To Pay a Relative's Taxes After They Die?
When a loved one passes away, it can be an emotional experience. Unfortunately, handling the deceased's finances can add to this stress. While most people know that you need to file a final tax return for the deceased, most people … Continue reading → The post Income in Respect of a Decedent (IRD) appeared first on SmartAsset Blog.
- GOBankingRates
Here’s How Long You Should Hold Onto Tax Filing Paperwork, According to an Expert
Do you ever wonder how long you should hang onto tax filing paperwork? This form of record keeping may lead taxpayers to ask how long they need to keep and store documentation or if they are meant to...
- Business Insider
Mark Zuckerberg is finally embracing his new role as Meta's Chopper-in-Chief. Here are the plans he just laid out to further cut costs in 2023.
Investors have been calling for months for the social media giant to pull back on spending. The founder and CEO just got on board with the plan.
- Motley Fool
Why I Continue Buying These Top Dividend Stocks Like There's No Tomorrow
A core part of my strategy is investing in companies that pay attractive, growing dividends. Two of my highest-conviction investment ideas right now are Blackstone (NYSE: BX) and Prologis (NYSE: PLD). With shares of these top dividend stocks down sharply over the past year, I'm buying them like there's no tomorrow so I can grow my positions before their shares rebound.
- Associated Press
Ex-aide says Elon Musk had 'handshake deal' for Tesla buyout
Elon Musk's former chief of staff on Wednesday testified that the billionaire believed he had a “handshake deal" to take Tesla private in 2018 shortly before he tweeted he had the financing for an aborted buyout that is still haunting him in a high-profile trial. Sam Teller, who worked closely Musk from 2014 to 2019, detailed a series of meetings that his former boss held with representatives from Saudi Arabia's Public Investment Fund. Teller attributed Musk's brusque manner to Asperger's syndrome, a form of autism that Musk acknowledged having during a May 2021 television appearance hosting “Saturday Night Live."
- USA TODAY
GM salaried workers should expect smaller bonuses: How formula works
GM revealed to its white-collar workforce the formula for the 2022 bonus payouts and while it is not as high as 2021, many say it is still good.
- Insider Monkey
Should You Hold Enterprise Products Partners L.P. (EPD) For Long-Term?
Legacy Ridge Capital Management, LLC recently published its “Legacy Ridge Capital Partners Equity Fund I” fourth quarter 2022 investor letter, which can be downloaded here. In 2022, the fund returned 12.5% gross and 10.3% net of performance fees compared to a -18.1% return for the S&P 500 Index. In addition, please check the fund’s top five […]
- Bloomberg
Alleged Usain Bolt Fraudster Asked Him for Loan to Repay Victims
(Bloomberg) -- The Jamaican financial firm at the center of an embezzlement scandal that ensnared Olympic sprinter Usain Bolt placed the blame on a single employee, who the company alleges also defrauded 39 other clients and even sought a loan from Bolt’s management team to help cover up her scheme.Most Read from BloombergMerck Covid Drug Linked to New Virus Mutations, Study SaysPorsche Blunder Puts $148,000 Sportscar on Sale for Just $18,000Plenty of Americans Are Drinking Bleach, Still for Sal
- SmartAsset
Ask an Advisor: I Am 60 Years Old, Have $1.1M Cash, $880K in a 401(k), Several Pensions and Social Security. Should I Retire Now?
I am 60 years old, married, with no mortgage. We also have $1.1 million in liquid cash and $880,000 in a 401(k). I will have two pensions, which have not started yet, and my wife will have one pension, all … Continue reading → The post Ask an Advisor: I Am 60 Years Old, Have $1.1M Cash, $880K in a 401(k), Several Pensions and Social Security. Should I Retire Now? appeared first on SmartAsset Blog.
- Motley Fool
3 Dividend Stocks to Buy in 2023 for a Lifetime of Passive Income
The past year reminded investors how volatile the stock markets can be. Dividend stocks can earn you steady, passive income even during tough times, and if the stocks also regularly grow their dividends, you could even build a fortune over your lifetime. If the idea of buying such a dividend stock now to earn a lifetime of passive income appeals to you, here are three stocks to check out right away.
- Benzinga
Billionaire Charlie Munger Reveals The Reason Berkshire Hathaway Is Sitting On $88 Billion in Cash
The S&P 500 dipped by 19% in 2022, but stocks still don’t seem cheap to Charlie Munger, Warren Buffett’s billionaire partner at Berkshire Hathaway. “In my whole adult life, I have never hoarded cash, waiting for better conditions,” Munger said in an interview in late 2022. “I’ve just invested in the best thing I could find.” Yet he acknowledged that Berkshire Hathaway is sitting on billions of dollars in cash. The reason isn’t that Buffett and Munger think they can wait for stocks to get even ch
- MarketWatch
There’s still too much risk in stock and bond markets. Earn this easy 4.5% return while you wait for stability, says trader who hit 2 big calls in 2022.
In our call of the day, LaDuc says cash is the place to be and that investors are "being paid to wait. They're getting very favorable 4.5% on their sitting cash."
- Motley Fool
Is This Stock's 8% Dividend Yield Due for a Cut?
If you're investing in a stock with a dividend that yields 8% or more, you should be careful and take a close look at its business. While monster-sized payouts may look attractive, the danger is that they may not end up lasting.