May 4, 2023
“Federal Reserve Chair Jerome Powell said Wednesday that the seizure of First Republic was “an important step toward drawing a line under” turmoil in the banking system. Within two hours the stock of another troubled regional lender was down more… Continue Reading…
May 1, 2023
“Regulators took possession of First Republic on Monday, resulting in the third failure of an American bank since March, after a last-ditch effort to persuade rival lenders to keep the ailing bank afloat failed. JPMorgan Chase , already the largest… Continue Reading…
April 5, 2023
“The Justice Department on Tuesday criminally charged Charlie Javice, founder of college financial planning platform Frank, with defrauding JPMorgan Chase out of $175 million. Javice, 31, is accused of “falsely and dramatically” inflating the number of customers Frank actually had… Continue Reading…
March 21, 2023
“Sales of previously owned homes rose 14.5% in February compared with January, according to a seasonally adjusted count by the National Association of Realtors. That put sales at an annualized rate of 4.58 million units. It was the first monthly… Continue Reading…
March 3, 2023
“Grocery costs increased dramatically over the last year, but nothing beats the price of eggs, which have grown by 70.1%, according to the latest data from the Bureau of Labor Statistics… To offset inflation, the deli has added a 50-cent surcharge… Continue Reading…
December 5, 2022
“A record number of holiday shoppers – 196.7 million – flocked back to stores and hunted for deals from Thanksgiving Day to Cyber Monday, according to a survey by the National Retail Federation, which tracks the figure for in-person and… Continue Reading…
December 5, 2022
“If you use third-party payment platforms, like PayPal, Venmo or Cash App, to collect payments for your side gig or business, the Internal Revenue Service (IRS) wants to remind you to report payments of at least $600. This rule is aimed at individuals who… Continue Reading…
November 17, 2022
“The average 401(k) balance sank for the third consecutive quarter and is now down 23% from a year ago to $97,200, according to a new report by Fidelity Investments, the nation’s largest provider of 401(k) plans. The financial services firm handles more… Continue Reading…
September 22, 2022
“…Since Sept. 15, the date the merge was completed, to Tuesday, ether is down 15.2%. Bitcoin has dropped 4.4% in the same period. Ahead of the network upgrade, the price of ether roughly doubled from the lows of the year in… Continue Reading…
September 13, 2022
“…The Consumer Price Index (CPI) in August reflected an 8.3% increase over last year and a 0.1% increase over the prior month, the Bureau of Labor Statistics reported Tuesday. Economists had expected prices to rise 8.1% over last year and fall 0.1%… Continue Reading…
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