Jennifer Sor Lucas Jackson/Reuters US stocks rose on Friday, but had a mixed performance for the week as investors worry about an upcoming recession. The Nasdaq closed the week with a gain, though the Dow and the S&P 500 finished lower. Tech stocks rallied on the latest batch of corporate earnings and layoffs sweeping the… Continue reading US stocks climb but end the week mixed as investors worry about a coming recession
Sam Bankman-Fried is weaponizing Twitter in FTX bankruptcy battle, says crypto exchange’s law firm
Lawyers for FTX say Sam Bankman-Fried is weaponizing Twitter as he pushes back against bankruptcy proceedings. “One of the things that the debtors have been facing generally in these cases is assault by Twitter,” a lawyer said. A judge in the FTX bankruptcy case also rejected claims that the Sullivan & Cromwell law firm has… Continue reading Sam Bankman-Fried is weaponizing Twitter in FTX bankruptcy battle, says crypto exchange’s law firm
Home prices and mortgages will stay high this year, but housing activity is set to cool further amid mild recession, Fannie Mae says
High mortgage rates and home prices will persist, but activity will slump amid a mild recession, Fannie Mae said. Mortgage rates have been influenced by the Fed’s rate hikes, and rates could remain high this year. A 2008-style crash is unlikely, the mortgage giant said, predicting a steady decline in home prices over the next… Continue reading Home prices and mortgages will stay high this year, but housing activity is set to cool further amid mild recession, Fannie Mae says
The former FTX US president just raised money from Anthony Scaramucci and Coinbase Ventures for his new crypto startup
Former FTX US president Brett Harrison started a new crypto infrastructure trading startup called Architect. The firm raised $5 million in a pre-product financing round, with backing from Coinbase Ventures. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. Harrison is in “very… Continue reading The former FTX US president just raised money from Anthony Scaramucci and Coinbase Ventures for his new crypto startup
Cryptocurrency is now the 2nd most widely held financial asset among women, survey shows
Crypto ownership rose among women during 2022, making it the second most widely held asset class held by that group, eToro said. In its fourth-quarter survey, 34% of women said they owned crypto, up from 29% in the prior quarter. The ownership rate among men edged up just by 1 percentage point during that period… Continue reading Cryptocurrency is now the 2nd most widely held financial asset among women, survey shows
Active vs. Passive Investing: Which Strategy Is Right for You?
If you listen to analysts, brokers, or traders, you’ll hear thousands of theories and philosophies on proper methods of investment. The two broadest categories that encapsulate most of them are active investing and passive investing. What Is Active Investing?In essence, active investing is a hands-on approach. You invest in securities and watch them. You monitor them… Continue reading Active vs. Passive Investing: Which Strategy Is Right for You?
Taxpayer tries to claim parking costs as medical expense, claiming discrimination for travelling short distances
Jamie Golombek: Start gathering the receipts you’ll need if you’re hoping to claim the medical expense tax credit In order to deduct transportation as a medical expense, the medical services must not be available in the local community. Photo by Arlen Redekop/PNG files It’s too early to begin filing your 2022 personal tax return —… Continue reading Taxpayer tries to claim parking costs as medical expense, claiming discrimination for travelling short distances
Stock Market Today: Stocks End Lower on Economic Data, Earnings
Selling continued Thursday, with stocks spending the whole day in negative territory – though they did end well off their session lows. Today’s declines came as investors unpacked updates on the labor and housing markets, as well as the latest round of corporate earnings reports. Diving right into those economic reports, the Labor Department… Continue reading Stock Market Today: Stocks End Lower on Economic Data, Earnings
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