Bank/Credit

Crypto platform Bitzlato accused of laundering over $700 million in illicit money

Crypto platform Bitzlato accused of laundering over $700 million in illicit money

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US authorities have designated the cryptocurrency exchange Bitzlato Ltd. as a major money laundering problem and accused its founder of allegedly facilitating money laundering for criminals. The Treasury Department named Bitzlato under a section of the USA Patriot Act, a law used to combat money laundering and terrorist financing, for allegedly laundering illicit funds for …

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How a 'three-shot buy signal' and other green flags could send the S&P 500 up 20%, says this fund manager

How a ‘three-shot buy signal’ and other green flags could send the S&P 500 up 20%, says this fund manager

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A shortened holiday week appears to be starting slower as China posted weak growth figures and more profits. This is after two positive weeks to start 2023. But there is more than a whiff of optimism in the air, according to our call of the dayof the founder and chief investment officer of the Macro …

How a ‘three-shot buy signal’ and other green flags could send the S&P 500 up 20%, says this fund manager Read More »

JPMorgan, Wells Fargo, Bank of America and Citi beat earnings expectations, but worries about 'headwinds' remain

JPMorgan, Wells Fargo, Bank of America and Citi beat earnings expectations, but worries about ‘headwinds’ remain

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JPMorgan Chase & Co., Bank of America Corp., Citigroup Inc. and Wells Fargo & Co. managed to beat Wall Street’s lowered fourth-quarter earnings expectations as higher interest rates boosted corporate earnings. loans. Banks posted stronger-than-expected results despite a slowdown in overall deal activity such as home mortgages and IPOs. But bank stocks lost ground on …

JPMorgan, Wells Fargo, Bank of America and Citi beat earnings expectations, but worries about ‘headwinds’ remain Read More »

My wife and I live "an average life" in the Bay Area, earning $320,000. Last year we bought a house for $200,000 more than asked - now we don't want to live there. Should we get help from a professional?

My wife and I live “an average life” in the Bay Area, earning $320,000. Last year we bought a house for $200,000 more than asked – now we don’t want to live there. Should we get help from a professional?

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Getty Images/iStockphoto Question: I fell victim to FOMO during the housing market craze and bought a house for $200,000 above the asking price. Now house prices are coming back to reality and I feel like I’ve wasted my hard earned money. I don’t know what to do as I live with constant stress thinking I …

My wife and I live “an average life” in the Bay Area, earning $320,000. Last year we bought a house for $200,000 more than asked – now we don’t want to live there. Should we get help from a professional? Read More »

Wall Street's stock market forecast for 2022 was the furthest since 2008: will next year be different?

Wall Street’s stock market forecast for 2022 was the furthest since 2008: will next year be different?

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Wall Street often gets it wrong when it comes to anticipating where stocks might trade a year from now. But in 2022, its forecasters were expected to miss the target by the biggest margin in nearly 15 years, according to data compiled by FactSet. Stock analysts on Wall Street were on course to overestimate the …

Wall Street’s stock market forecast for 2022 was the furthest since 2008: will next year be different? Read More »

This fund beats the S&P 500 using only 75 of its constituents. Here's how it works.

This fund beats the S&P 500 using only 75 of its constituents. Here’s how it works.

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What worked well for years of a bull market through 2021 – the focus on growth, regardless of price – has come to a halt this year. The revival of the value investing style – and modest valuations overall – has taken hold. The approach adopted by the Invesco S&P 500 GARP ETF has paid …

This fund beats the S&P 500 using only 75 of its constituents. Here’s how it works. Read More »

Can't afford to retire? Why "working longer" isn't good retirement advice.

Can’t afford to retire? Why “working longer” isn’t good retirement advice.

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Financial planners generally advise you to work as long as you can, so you can increase your retirement savings while waiting for a larger Social Security check. But such advice assumes you have the luxury of deciding when to stop working. Tens of millions of Americans do not. Here’s the truth: retiring early, even at …

Can’t afford to retire? Why “working longer” isn’t good retirement advice. Read More »