[ad_1] The numbers: Mortgage rates rose in the first week of 2023, as mortgage applications sank to multi-decade lows. The 30-year fixed-rate mortgage averaged 6.48% as of Jan. 5, according…
[ad_1] The collapse of crypto exchange FTX sparked a run on Sivergate Capital Corp., forcing the bank to sell assets at a steep loss to cover some $8.1 billion in…
[ad_1] Federal authorities are moving to seize hundreds of millions of dollars in assets in the U.S. tied to the bankrupt cryptocurrency exchange FTX, a sign that the battle over…
[ad_1] Hi, MarketWatchers. Don’t miss these top stories. Is driving a big part of your business? Good news: IRS increases tax-deductible mileage rate. Here’s how much you can deduct. The…
[ad_1] Shares of subprime auto giant Credit Acceptance Corp CACC, -11.61% tumbled about 12% on Wednesday after New York Attorney General Letitia James and a key U.S. consumer watchdog sued…
[ad_1] The Federal Reserve should keep raising its policy interest rate until it is confident inflation has peaked and that means interest rate hikes “at least at the next few…
[ad_1] The consumer-finance arm of China’s Ant Group Co. has obtained regulatory approval to raise the equivalent of $1.5 billion in new capital. Chongqing Ant Consumer Finance Co., the Chinese…
[ad_1] Amazon.com Inc. AMZN, +2.17% entered into a $8 billion unsecured loan with several lenders, the e-commerce giant said in a U.S. Securities and Exchange Commission filing Tuesday. The Seattle-based…
[ad_1] A trio of federal regulators issued a warning to banks Tuesday regarding crypto-asset risks. In a joint statement, the Federal Reserve, the Federal Deposit Insurance Corp. and the Office…
[ad_1] Happy New Year! In 2023, Jan. 1 falls on a Sunday. That means many government offices and some businesses and service providers will be closed not only on New…
[ad_1] The Chicago Business Barometer, also known as the Chicago PMI, rebounded to 44.9 in December from 37.2 in the prior month, which was the lowest reading since the 2007/2008…
[ad_1] After a lengthy court battle, the U.S. House Ways and Means Committee has announced it will finally release former president Donald Trump’s tax returns on Friday. What will be…
[ad_1] Goldman Sachs Group Inc. will cut bonuses by about 40% in the deepest belt-tightening move among the big U.S. banks, The Wall Street Journal reported Thursday. Goldman Sach’s GS,…
[ad_1] Crypto exchange Gemini Trust Co. and its founders, twins Tyler and Cameron Winklevoss, are being sued by investors for fraud. In a filing Tuesday in federal court in Manhattan,…
[ad_1] What is your resolution for the New Year? Millions of Americans are already coming up with their financial goals. Whether they keep them or not, of course, is another…
[ad_1] MicroStrategy Inc. MSTR, -2.00% has spent more than $55 million to purchase roughly 2,500 bitcoins over the past two months, the company revealed in a Wednesday filing where it…
[ad_1] “‘Getting from the high inflation where we are now towards 3[%] is baked in.’ ” — Adam Posen, president of the Peterson Institute for International Economics The inflation outlook…
[ad_1] Car repossessions have grown less common in the past two years, but those days may be over. Credit rating agency Fitch Ratings says repossession rates have nearly returned to…
[ad_1] Caroline Ellison has apologized for stealing billions in customer deposits at crypto exchange platform FTX to make bets at Alameda Research, the hedge fund she ran. “‘I am truly…
[ad_1] The numbers: A key gauge of U.S. prices rose just 0.1% in November, marking the fifth month in a row in which inflation eased after peaking at a…
[ad_1] Hi, MarketWatchers. Don’t miss these top stories. Florida penthouse bought with crypto sells for $18 million cash In June 2021, when the cryptocurrency markets were soaring, the developers of…
[ad_1] Millions of gig workers and sellers that use payment networks like PayPal and Venmo remain on track to receive a 1099-K tax form in 2023 for the first time,…
[ad_1] In June 2021, when the cryptocurrency markets were soaring, the developers of the Arte condominium in Miami’s Surfside neighborhood announced that a buyer had purchased a penthouse there for…
[ad_1] Guggenheim Partners Global Chief Investment Officer Scott Minerd has died, the company announced in a press release issued Thursday. He was 63. The money manager was one of the…
[ad_1] One of the curiosities about Sam Bankman-Fried’s media tour ahead of his arrest was the degree to which the FTX founder was putting the blame on his former girlfriend,…
Mortgage rates inch up. ‘Homebuyers are waiting for rates to decrease more significantly,’ Freddie Mac says.
[ad_1] The numbers: Mortgage rates rose in the first week of 2023, as mortgage applications sank to multi-decade lows. The 30-year fixed-rate mortgage averaged 6.48% as of Jan. 5, according…
Silvergate lost more than $700 million selling assets to cover withdrawals during crypto selloff
[ad_1] The collapse of crypto exchange FTX sparked a run on Sivergate Capital Corp., forcing the bank to sell assets at a steep loss to cover some $8.1 billion in…
Feds move to seize Robinhood shares, Silvergate accounts tied to FTX
[ad_1] Federal authorities are moving to seize hundreds of millions of dollars in assets in the U.S. tied to the bankrupt cryptocurrency exchange FTX, a sign that the battle over…
New York City’s real-estate sector is going through ‘5 stages’ of grief and it’s time to buy I-bonds again. Here are 3 ways to maximize your $10,000 inflation-fighting investment
[ad_1] Hi, MarketWatchers. Don’t miss these top stories. Is driving a big part of your business? Good news: IRS increases tax-deductible mileage rate. Here’s how much you can deduct. The…
Credit Acceptance shares tumble 12% after regulators sue, claim illegal subprime auto lending practices
[ad_1] Shares of subprime auto giant Credit Acceptance Corp CACC, -11.61% tumbled about 12% on Wednesday after New York Attorney General Letitia James and a key U.S. consumer watchdog sued…
Fed’s Kashkari backs interest rate hikes ‘at least the next few meetings’
[ad_1] The Federal Reserve should keep raising its policy interest rate until it is confident inflation has peaked and that means interest rate hikes “at least at the next few…
Ant Group’s consumer-lending unit gets approval to raise $1.5 billion in new capital
[ad_1] The consumer-finance arm of China’s Ant Group Co. has obtained regulatory approval to raise the equivalent of $1.5 billion in new capital. Chongqing Ant Consumer Finance Co., the Chinese…
Amazon enters into $8 billion unsecured loan
[ad_1] Amazon.com Inc. AMZN, +2.17% entered into a $8 billion unsecured loan with several lenders, the e-commerce giant said in a U.S. Securities and Exchange Commission filing Tuesday. The Seattle-based…
Federal regulators warn banks to beware of ‘significant’ risks surrounding crypto assets
[ad_1] A trio of federal regulators issued a warning to banks Tuesday regarding crypto-asset risks. In a joint statement, the Federal Reserve, the Federal Deposit Insurance Corp. and the Office…
What’s open on New Year’s Day and Jan 2? Will the post office deliver mail?
[ad_1] Happy New Year! In 2023, Jan. 1 falls on a Sunday. That means many government offices and some businesses and service providers will be closed not only on New…
Chicago PMI rebounds in December, remains in contraction territory
[ad_1] The Chicago Business Barometer, also known as the Chicago PMI, rebounded to 44.9 in December from 37.2 in the prior month, which was the lowest reading since the 2007/2008…
Trump tax returns to be released Friday: here’s what to watch
[ad_1] After a lengthy court battle, the U.S. House Ways and Means Committee has announced it will finally release former president Donald Trump’s tax returns on Friday. What will be…
Goldman sharpens knife on headcount, bonuses along with other big banks
[ad_1] Goldman Sachs Group Inc. will cut bonuses by about 40% in the deepest belt-tightening move among the big U.S. banks, The Wall Street Journal reported Thursday. Goldman Sach’s GS,…
Crypto investors sue Gemini, Winklevoss twins for fraud over interest-earning accounts
[ad_1] Crypto exchange Gemini Trust Co. and its founders, twins Tyler and Cameron Winklevoss, are being sued by investors for fraud. In a filing Tuesday in federal court in Manhattan,…
Americans name their No. 1 financial New Year’s resolution — and the timing couldn’t be better
[ad_1] What is your resolution for the New Year? Millions of Americans are already coming up with their financial goals. Whether they keep them or not, of course, is another…
MicroStrategy says it bought 2,500 bitcoin but also sold some for tax reasons
[ad_1] MicroStrategy Inc. MSTR, -2.00% has spent more than $55 million to purchase roughly 2,500 bitcoins over the past two months, the company revealed in a Wednesday filing where it…
U.S. inflation dropping to a 3% range by end of 2023 is already ‘baked in’ the data, Adam Posen says
[ad_1] “‘Getting from the high inflation where we are now towards 3[%] is baked in.’ ” — Adam Posen, president of the Peterson Institute for International Economics The inflation outlook…
Car repos are on the rise, thanks to record-high monthly payments, recession warnings
[ad_1] Car repossessions have grown less common in the past two years, but those days may be over. Credit rating agency Fitch Ratings says repossession rates have nearly returned to…
Caroline Ellison says she’s ‘truly sorry for what I did,’ as she pleads guilty
[ad_1] Caroline Ellison has apologized for stealing billions in customer deposits at crypto exchange platform FTX to make bets at Alameda Research, the hedge fund she ran. “‘I am truly…
High U.S. inflation is on the wane, PCE price gauge shows
[ad_1] The numbers: A key gauge of U.S. prices rose just 0.1% in November, marking the fifth month in a row in which inflation eased after peaking at a…
Florida penthouse bought with crypto sells for $18 million cash and why you should always keep cat litter in your car — and other winter storm tips
[ad_1] Hi, MarketWatchers. Don’t miss these top stories. Florida penthouse bought with crypto sells for $18 million cash In June 2021, when the cryptocurrency markets were soaring, the developers of…
Measures to delay $600 tax-reporting threshold for PayPal, Venmo payments fail to make it into omnibus bill
[ad_1] Millions of gig workers and sellers that use payment networks like PayPal and Venmo remain on track to receive a 1099-K tax form in 2023 for the first time,…
Florida penthouse bought with crypto sells for $18 million cash
[ad_1] In June 2021, when the cryptocurrency markets were soaring, the developers of the Arte condominium in Miami’s Surfside neighborhood announced that a buyer had purchased a penthouse there for…
Scott Minerd, prominent Guggenheim Partners money manager, dies unexpectedly of heart attack
[ad_1] Guggenheim Partners Global Chief Investment Officer Scott Minerd has died, the company announced in a press release issued Thursday. He was 63. The money manager was one of the…
New charges tie Bankman-Fried to damning FTX allegations with testimony from ex-girlfriend Ellison and fellow co-founder
[ad_1] One of the curiosities about Sam Bankman-Fried’s media tour ahead of his arrest was the degree to which the FTX founder was putting the blame on his former girlfriend,…