‘Somehow we live check to check.’ We make over $200K a year, but owe $100K on HELOC loans, never learned to save money and feel like we’ll never be able to retire. Do we need professional help?

‘Somehow we live check to check.’  We make over 0K a year, but owe 0K on HELOC loans, never learned to save money and feel like we’ll never be able to retire.  Do we need professional help?

Do you need a financial adviser? Getty Images Question: My wife and I are looking for help. We have never really learned how to save money, and we are really terrible at it. We both come from poor families who lived off government assistance. She and I now both make over $100K a year, but … Read more

US gas is cheaper than before Russia invaded Ukraine

US gas is cheaper than before Russia invaded Ukraine

New York CNN — Prices at the pump continue to plunge, dropping the US average for gasoline below where it was when Russia invaded Ukraine. A gallon of regular gas now fetches $3.47 nationally, according to AAA. That is below the $3.54 average on February 24, the day Russia invaded Ukraine. That is down about … Read more

Scotiabank’s fourth-quarter profit slips on higher costs, increased loan-loss provisions

Scotiabank’s fourth-quarter profit slips on higher costs, increased loan-loss provisions

Bank of Nova Scotia BNS-T reported lower fourth-quarter profit as increased expenses and the bank set aside more money to cover loans that could default, putting pressure on earnings from retail and investment banking. Scotiabank earned $2.1-billion, or $1.63 per share, in the quarter that ended Oct. 31. That compared with $2.6-billion, or $1.97 per … Read more

Lawsuit alleges investor Leon Black raped a woman inside Jeffrey Epstein’s home

Lawsuit alleges investor Leon Black raped a woman inside Jeffrey Epstein’s home

New York CNN Business — Billionaire investor Leon Black has been sued by a woman alleging he “brutal[ly]” raped her at Jeffrey Epstein’s Manhattan townhouse in spring 2002. Cheri Pierson names both Black — the co-founder and former CEO of private equity behemoth Apollo Global Management — and the estate of the late Epstein as … Read more

China markets tank as protests erupt over Covid lockdowns

China markets tank as protests erupt over Covid lockdowns

hong kong CNN Business — China’s major stock indices and its currency have opened sharply lower Monday, as widespread protests against the country’s stringent Covid-19 restrictions over the weekend roiled investor sentiment. Hong Kong’s Hang Seng (HSI) Index fell as much as 4.2% in early trading. It has since pared some losses and last traded … Read more

Hong Kong finds Cardinal Joseph Zen guilty over pro-democracy protest fund

Hong Kong finds Cardinal Joseph Zen guilty over pro-democracy protest fund

hong kong CNN — A 90-year-old former bishop and outspoken critic of China’s ruling Communist Party was found guilty Friday on a charge relating to his role in a relief fund for Hong Kong’s pro-democracy protests in 2019. Cardinal Joseph Zen and five others, including the Cantopop singer Denise Ho, contravened the Societies Ordinance by … Read more

‘We let FTX get too big before we started questioning.’ Binance CEO Changpeng Zhao regrets not tweeting about FTX sooner

‘We let FTX get too big before we started questioning.’  Binance CEO Changpeng Zhao regrets not tweeting about FTX sooner

“I actually reflect on the FTX situation and I kind of blame myself for tweeting that too late. As an industry, we let FTX get too big before we started questioning some of those things.“ That was Binance founder Changpeng Zhao speaking to Bloomberg TV on Thursday about the latest developments surrounding failed crypto exchange … Read more

Berkshire Hathaway: Warren Buffett further unwinds BYD investment in China

Berkshire Hathaway: Warren Buffett further unwinds BYD investment in China

hong kong CNN Business — Warren Buffett’s Berkshire Hathaway is continuing to unwind its long position in BYD, China’s largest home-grown EV maker and Tesla’s major rival, after holding it for 14 years. The legendary investor’s conglomerate sold another 3.2 million Hong Kong-listed shares of BYD (BYDDF) last week, cutting its stake to 15.99%, a … Read more

Is the stock market open on Black Friday? Thanksgiving week trading hours for major assets.

Is the stock market open on Black Friday?  Thanksgiving week trading hours for major assets.

It’s going to be a short week on Wall Street. US stock exchanges will be closed for Thanksgiving Day on Thursday, Nov. 24, and will reopen the next day only for an abbreviated session on Black Friday, with trading ending at 1 pm Eastern on Nov. 25. The roughly $53 billion US bond market follows … Read more

Investors have very little to be thankful for in 2022

Investors have very little to be thankful for in 2022

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. New York CNN Business — Americans are getting ready to celebrate Thanksgiving. But investors in the United States (and the rest of the world for that matter) don’t have much to be … Read more