‘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

‘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

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

They pulled money out of FTX at last minute: ‘Thank God I dodged it twice’

They pulled money out of FTX at last minute: ‘Thank God I dodged it twice’

As the FTX debacle started to unravel last week, a 26-year-old customer of FTX.US who lived in the New York City area faced a thorny dilemma. While he was concerned about the situation that was unfolding, he was hesitant to withdraw his $20,000 worth of holdings from the cryptocurrency platform because he knew it would … Read more

Berkshire Hathaway discloses stakes in TSMC, Jefferies, Louisiana-Pacific, sending those stocks higher

Berkshire Hathaway discloses stakes in TSMC, Jefferies, Louisiana-Pacific, sending those stocks higher

Berkshire Hathaway Inc. added positions in materials manufacturer Louisiana-Pacific Corp., investment bank Jefferies Financial Group and chip manufacturer Taiwan Semiconductor Manufacturing Co. Ltd. during the third quarter, according to a filing released after Monday’s closing bell. The company’s latest 13-F filing revealed a new position in Louisiana-Pacific LPX, -1.80% amounting to nearly 5.8 million shares, … Read more

TD Insurance agrees to settle lawsuit over pandemic travel claims

TD Insurance agrees to settle lawsuit over pandemic travel claims

TD is offering reimbursement to travelers who had a claim related to an amount paid to Sunwing, as well as Air, Canada, Air France, Air Transat, British Airways, Emirates, Porter, Ryanair, Swoop, United Airlines and WestJest.Graham Hughes/The Canadian Press TD Home and Auto Insurance Company is one of the first insurers in the country to … Read more

Why the housing market should brace for double-digit mortgage rates in 2023

Why the housing market should brace for double-digit mortgage rates in 2023

Even if Federal Reserve Chairman Jerome Powell and his cohorts stopped hiking policy rates soon, the 30-year fixed mortgage rate still would climb to 10%, according to Christopher Whalen, chairman of Whalen Global Advisors. That’s because the Fed’s torrid pace of rate increases in 2022 takes time to seep back into mortgage rates, especially with … Read more

Opinion: The stock market is in trouble. That’s because the bond market is ‘very close to a crash.’

Opinion: The stock market is in trouble.  That’s because the bond market is ‘very close to a crash.’

Don’t assume the worst is over, says investor Larry McDonald. There’s talk of a policy pivot by the Federal Reserve as interest rates rise quickly and stocks keep falling. Both may continue. McDonald, founder of The Bear Traps Report and author of “A Colossal Failure of Common Sense,” which described the 2008 failure of Lehman … Read more

How Canada’s new credit card transaction fees will affect how you pay

How Canada’s new credit card transaction fees will affect how you pay

Mastercard and Visa credit cards are shown in Zelienople, Pa., on Feb. 20, 2019. THE CANADIAN PRESS/AP, Keith SrakocicKeith Srakocic/The Associated Press Businesses in Canada can now add surcharges to bills when customers use a credit card to pay. The new rules are the result of a settlement in a long-running class-action legal battle launched … Read more

1 in 5 retirees doesn’t see this expense coming — or its $315,000 price tag

1 in 5 retirees doesn’t see this expense coming — or its 5,000 price tag

Paying the bills over breakfast. istock Only about one in four retired has not experienced any kind of shock event in retirement, according to a study from the Society of Actuaries. And these shock events — a huge dental bill, for example — often come with a shock price tag, too. That can be particularly … Read more