Month: June 2022

This article is reprinted by permission from NerdWallet.  Your sibling asked you to cover their rent for a couple of months while they were between jobs. Or maybe you loaned a friend a few hundred bucks for a car repair they couldn’t afford. You’d do anything to help those you love. And you did. But what should you do when

If you’ve left your job, doing an IRA rollover of the balance in your company retirement plan is usually a tax-smart move. A rollover allows you to continue to defer taxes on the amount you roll over. But our beloved Congress laid some federal income tax traps for the unwary. Don’t be among the unwary. Here’s how to avoid the

“Stranger Things” may have all the hype, but there’s plenty more to stream in July. The hugely anticipated season finale of the Netflix smash hit lands just in time for the Fourth of July weekend, but the addition of some big-name movies (like Netflix’s “The Gray Man” and “Persuasion”), returning favorites (like Hulu’s “Only Murders in the Building” and “What

Crypto exchange CoinFlex, which has halted user withdrawals since June 23, will not lift the freeze on Thursday as originally planned, Mark Lamb, the company’s chief executive, told MarketWatch. The exchange has been trying to raise $47 million in stablecoin USDC USDCUSD, since Tuesday through the sale of a token called Recovery Value USD, or rvUSD, in an attempt to

2022 is shaping up as a historic year for markets, including the world’s reserve currency. While the S&P 500 is headed for its worst first half in more than five decades, the dollar appreciated during the first six months of 2022 by the largest margin in history, according to some measures. The Federal Reserve’s decision to raise interest rates by

When the stock market hits a speed bump, financial advisers regularly calm jittery clients and urge them to stay the course. But clients aren’t the only ones watching their portfolio sink. Advisers lose money too. They follow the same investment principles that they preach to clients — and share their plight in turbulent times (like now). How do investment professionals

Deutsche Bank, the first major bank to predict a U.S. recession in the current inflationary era, now sees a chance that price gains won’t come off nearly as much as forecasters or Federal Reserve policy makers think they will. Deutsche Bank DB, -2.61% macro strategist Tim Wessel said in a phone interview on Wednesday that “there’s a real chance that the market

If you want to know why Americans are so grumpy about the economy, let’s start with the fact that despite strong job growth and sizable increases in wages, their incomes are simply not keeping up with inflation. Americans just don’t feel poorer—they are poorer. In fact, they have never lost so much purchasing power in one year. And if you

The natural gas that lights popular gas stoves for both home and professional cooks contains low concentrations of several pollutants and chemicals linked to cancer, a new study has found. The study, by the Harvard T.H. Chan School of Public Health and published this week in the journal Environmental Science & Technology, is the latest in a growing body of research

Novavax’s NVAX, +0.47% COVID-19 vaccine candidate played a front-and-center role during this week’s debate about how best to update the COVID-19 boosters to better protect against omicron. The catch? The company’s primary series of shots are still being reviewed by U.S. regulators. Novavax’s recombinant protein COVID-19 vaccine candidate has been viewed as a possible alternative for people who are hesitant

Energy stocks have been the star investment this year. Now it’s time to sell them and electrify your portfolio before investors once again focus on the industry’s long-term headwinds.  There are a host of headwinds that could threaten the surge: rising recession risk, consumer backlash from the high price of gasoline, and the push to electrify our economy.  The stock

In January 2021, an unclassified memo revealed that the Defense Intelligence Agency (DIA), a military-intelligence unit of the U.S. government, buys huge amounts of commercially available smartphone data and uses it to spy on Americans and track their movement history. By using publicly disclosed data, the DIA — and other agencies — can circumvent laws around warrants for requesting location

More than 120 companies including Intel, Nvidia and Texas Instruments recently signed a letter urging Congress to accelerate negotiations to get a bill passed that would massively scale chipmaking in the U.S. The group of A-list companies, which also includes Amazon AMZN, +1.65% and Microsoft MSFT, +1.82%, design, manufacture or provide critical infrastructure to the semiconductor industry. It was an encouraging

Taco Bell can’t get enough Cheez — and neither can Twitter.  The Yum! Brands YUM, -0.07% Tex-Mex chain has teamed up with Kellogg’s K, +1.20% Cheez-It for a new menu item that they’re testing in California: the Big Cheez-It Tostada. Basically, the $2.49 dish piles seasoned beef, reduced-fat sour cream, fresh diced tomatoes, crisp lettuce and shredded cheddar cheese on top of