Cheaper oil and gas won’t prevent a 75-basis-point hike as inflation runs rampant – and the Fed might get even more aggressive, BofA says

The Fed is still going to stay aggressive with rate hikes this month even as energy costs come down, BofA said this week. BofA analysts expect a 75-basis-point hike, but said a 100-basis-point hike is still possible.  “[U]nderlying price pressures remain robust and unacceptably high relative to the Fed’s mandate.” Loading Something is loading. Even… Continue reading Cheaper oil and gas won’t prevent a 75-basis-point hike as inflation runs rampant – and the Fed might get even more aggressive, BofA says

Goldman Sachs shares its 25 favorite options trades to make right now ahead of an ‘unusually volatile’ Q2 earnings season

US Markets Loading… H M S Premium Goldman Sachs recommends making 25 options trades as the Q2 earnings season kicks off. AP This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Volatility in markets has been elevated this year, and that will only continue in Q2. Goldman Sachs believes… Continue reading Goldman Sachs shares its 25 favorite options trades to make right now ahead of an ‘unusually volatile’ Q2 earnings season

‘Rich Dad Poor Dad’ author Robert Kiyosaki said bitcoin has zero value, touted gold and silver over cash, and warned inflation was wiping people out. Here are 10 great quotes from his radio show

Robert Kiyosaki dismissed bitcoin as valueless, and said he treats trading it like a game. The “Rich Dad Poor Dad’ writer touted gold and silver over dollars, and bemoaned painful inflation. Kiyosaki advised investors to focus more on finding bargain assets, and worry less about rate hikes. Loading Something is loading. Robert Kiyosaki has dismissed… Continue reading ‘Rich Dad Poor Dad’ author Robert Kiyosaki said bitcoin has zero value, touted gold and silver over cash, and warned inflation was wiping people out. Here are 10 great quotes from his radio show

Oil futures have slid below $100 as investors brace for recession, but crude traders are having to pay the most since 2008 to get hold of any right now

Oil futures are getting bashed while prices for physical Brent crude have soared to their highest since 2008.  This dislocation in oil markets is likely a consequence of both demand and supply pressures.  An analyst says ultimately, the futures market will eventually realign itself with the physical market.  Loading Something is loading. Underneath a chaotic… Continue reading Oil futures have slid below $100 as investors brace for recession, but crude traders are having to pay the most since 2008 to get hold of any right now

What Is Form 5329: Additional Taxes on Qualified Retirement Plans?

We all know we need to save for the future, but what happens if you contribute more than the annual limit to your retirement or health savings account (HSA)? What happens if you need to take the money out of an IRA before you reach retirement age, or you take money from a 529 plan… Continue reading What Is Form 5329: Additional Taxes on Qualified Retirement Plans?

Inflation Is Making These Items More Expensive; Here’s How Much Prices Have Risen

Imagine how you would feel if your employer cut your pay by $6,800 a year. You would probably immediately look for ways to cut back expenses, and you might find the choices difficult—maybe you can live without cable TV or eating at restaurants, but for some people, the choice may come down to eliminating essentials… Continue reading Inflation Is Making These Items More Expensive; Here’s How Much Prices Have Risen