[Business Insider, Getty Images] Billionaire investor Ray Dalio told Bloomberg that the US is in a period of “great risk” because of rising deficits and the uncertainty around the upcoming US election. The most important thing investors can do to manage this risk is to diversify their portfolios by asset class, […]
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[GQ, illustration by Simon Abranowicz] The pandemic hasn’t made talking about money any easier—but it has made it more important than ever. Given that our culture can seem entirely focused on money, it can feel strange how hard it is to actually have a productive conversation about it. That can […]
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[The Motley Fool, Getty Images] Pop quiz: How does a 401(k) actually work? You probably know that money comes out of your paycheck and goes into the account, that the government gives you a tax break on your contributions, and that the money grows over time to help cover expenses in retirement. […]
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[Fox Business] Rapper isn’t the first celebrity to face SEC action over cryptocurrencies Barstool Sports founder and president Dave Portnoy discusses dipping his toe into cryptocurrency like bitcoin. Rapper T.I. has been charged by the Securities and Exchange Commission with promoting a fraudulent cryptocurrency offering. The regulator said in its complaint that T.I. — whose […]
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[Business Insider] When my parents first got engaged, my father went to the library to read about “married peoples’ finances.” The book he checked out recommended tracking every penny of your spending, then budgeting based on your spending.Following that advice for over 50 years has allowed them to buy homes, put […]
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[CNBC] 1. Nasdaq futures fall as tech stocks continue to sink Tech stocks extended their worst rout since March, with Nasdaq futures tracking for a nearly 3% decline at Tuesday’s open. A plunge of that magnitude at the close would bring a three-session loss in the Nasdaq to the brink of a correction, […]
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[Forbes] Featuring an Updated Philanthropy Ranking and the Third Annual Impact 50 List of Impact Investors NEW YORK – September 8, 2020 – Forbes today released the 39th annual Forbes 400 list, the definitive ranking of the wealthiest Americans—including a comprehensive report of not only what these billionaires are worth, but how they […]
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[MarketWatch, AP Photo] September is a notoriously weak month for investors and October also has the hallmarks of a rough patch for Wall Street, with the Nov. 3 presidential election looming. A bout of volatility returned to financial markets with a vengeance last week, disrupting a nearly uninterrupted climb to […]
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[DeCrypt] Texas Securities Commissioner issued the cease and desist order for a crypto fraud scheme that promises large returns. The Texas Securities Commissioner on Thursday demanded the immediate shutdown of a cryptocurrency investment program it alleges is operated by a would-be guru, one Eric Darwin Balusek, a.k.a. “Bitcoin Pope”. Texas […]
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[MarketWatch, Getty Images] Critical information for the U.S. trading day On no obvious catalyst, the winners of 2020 were absolutely hammered on Thursday — a sea of red for the likes of Apple, Microsoft, Tesla TSLA and Zoom Video Communications ZM . And the selling wasn’t limited to technology stocks — small-caps RUT and value stocks VLUE also fell. […]
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