FTX CEO blames 'grossly inexperienced' owners for collapse, says customer money funded risky Alameda trades
Tue, Dec 13th 2022 at 4:03 pm
FTX CEO John Ray III told House lawmakers that the "grossly inexperienced and unsophisticated individuals" running the company had absolute ...
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Here's when Social Security checks featuring the massive 2023 COLA increase will start arriving
Tue, Dec 13th 2022 at 4:03 pm
The first Social Security checks and bank deposits featuring the largest cost-of-living-adjustment in 40 years will start arriving in January.
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D-FW inflation eased in November but is still above U.S. average
Tue, Dec 13th 2022 at 3:55 pm
Dallas-Fort Worth inflation remains historically high, but some prices at the grocery store, in the mall and at the gas ...
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When is the next Fed meeting? Here's what to know and when to expect (another) fed rate hike.
Tue, Dec 13th 2022 at 3:24 pm
The next Federal Reserve meeting will be held December 13-14, where it is expected that the Fed will again raise ...
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Wharton professor Jeremy Siegel says the Fed will start cutting rates by mid-2023 and stocks are set up for a strong year
Tue, Dec 13th 2022 at 3:12 pm
Top economist Jeremy Siegel says stocks will rebound in 2023, as the Fed isn't likely to keep rates high for much ...
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Inflation Rate Falls to 7.1% in November, Reaches Lowest Level Since Last Year
Tue, Dec 13th 2022 at 2:24 pm
Consumer prices rose at a 7.1% annual rate in November, the lowest pace since late 2021, the Bureau of Labor Statistics reported ...
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Oil has crashed more than 40% from its peak. Here's how, and why, one trader is getting back in.
Tue, Dec 13th 2022 at 12:26 pm
Crude oil futures which reached over $130 in March, are now around $74. For the year, the front-month contract is down 2%, though ...
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Workers and consumers say they're likely to favor pro-LGBTQ businesses, new study says
Tue, Dec 13th 2022 at 12:00 pm
U.S. employees and consumers are likely to favor pro-LGBTQ brands, a new study by Edelman and GLAAD finds. Corporate ...
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The market outlook for 2023 is uncertain. Here's why Goldman Sachs thinks you should stay invested
Tue, Dec 13th 2022 at 11:58 am
Goldman Sachs think the U.S. will avoid a deep recession in 2023. Here are the just-in-case strategies they recommend to ...
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Billionaire investor Jeff Gundlach says the odds of a Fed rate cut next year are over 75%, as the coming recession bites
Tue, Dec 13th 2022 at 11:50 am
DoubleLine Capital CEO Jeff Gundlach said high risks of a recession in 2023 could mean the Fed will reverse its tightening ...
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The head of the legal system in the Bahamas said the US will 'likely' ask for Sam Bankman-Fried's extradition
Tue, Dec 13th 2022 at 11:19 am
The Bahamas attorney general that the US had filed criminal charges against Bankman-Fried and was "likely to request his extradition."
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Shorts Eye More Gains After Reaping $50 Billion From Big Tech in 2022
Tue, Dec 13th 2022 at 11:06 am
Short sellers have reaped almost $50 billion of gains this year from betting against some of the biggest technology companies, and ...
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U.S. stock futures higher ahead of crucial inflation report
Tue, Dec 13th 2022 at 11:01 am
U.S. stock futures were firmer Tuesday as investors awaited crucial inflation data. How are stock-index futures trading. S&P 500 ...
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What to know about Sam Bankman-Fried and the FTX crypto exchange collapse
Tue, Dec 13th 2022 at 10:49 am
The founder of the cryptocurrency exchange FTX was arrested in the Bahamas at the request of the United States.
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Hardship withdrawals from 401(k) plans hit record high
Tue, Dec 13th 2022 at 10:00 am
More Americans are taking retirement savings out of their accounts due to an "an immediate and heavy financial need."
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The bear market in stocks is entering its final phase, and the next chapter has nothing to do with the Fed or inflation, Morgan Stanley says
Mon, Dec 12th 2022 at 5:58 pm
"We recall a similar set up in August 2008 from an EPS standpoint to remind investors the market usually takes longer ...
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Microsoft tops list of best-run companies in the U.S. for third straight year
Mon, Dec 12th 2022 at 4:55 pm
Microsoft has one again topped a list of the best-run companies in the U.S. for 2022, finishing ahead of other ...
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What's the best way to take RMDs from your retirement accounts? Experts rate the top 3 strategies.
Mon, Dec 12th 2022 at 4:44 pm
Financial adviser Kenneth Walzer had a client who forgot to take RMDs on an account he inherited for several years ...
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Expectations of inflation are falling sharply, New York Fed survey finds
Mon, Dec 12th 2022 at 4:01 pm
Americans are expecting lower increases in inflation in the short term and longer run, according to a New York Fed ...
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Americans Cut Back on Spending With Inflation Hitting Holidays
Mon, Dec 12th 2022 at 4:00 pm
Higher prices mean you should expect to get fewer gifts this year, according to a new survey from the Harris ...
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