‘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

Alternative mortgage lender Home Capital to be bought by Smith Financial for $1.7-billion

Alternative mortgage lender Home Capital to be bought by Smith Financial for .7-billion

A company controlled by billionaire financier Stephen Smith has reached a deal to acquire alternative mortgage lender Home Capital Group Inc. HCG-T for $44 per share in cash, for a purchase price of nearly $1.7-billion. The offer from a subsidiary of Smith Financial Corp., which already owns 9.1 per cent of Home Capital, represents a … Read more

Energy stocks are in a bubble — and here’s when they’re likely to crash

Energy stocks are in a bubble — and here’s when they’re likely to crash

Oil and gas stocks are likely in a market bubble that’s vulnerable to popping. That’s the conclusion when applying a formula from recent academic research into the predictability of stock market bubbles and subsequent crashes. The research, which appeared in the Journal of Financial Economics, was conducted by Robin Greenwood and Andrei Shleifer of Harvard … 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

Here’s how much China stocks still could rally from zero-COVID depths, according to Goldman strategists

Here’s how much China stocks still could rally from zero-COVID depths, according to Goldman strategists

Wall Street stocks are poised for a bounce to start a new week, with politics one spotlight as US midterm elections are set to get under way. Many expect a split Congress and political deadlock for two years, which isn’t necessarily bad for markets, which tends to prefer a divided government. Neil Wilson, chief strategist … Read more

Fed warns of ‘low’ market liquidity in $24 trillion Treasury market, in latest financial stability report

Fed warns of ‘low’ market liquidity in  trillion Treasury market, in latest financial stability report

The Federal Reserve on Friday confirmed what many investors were saying for some time: the $24 trillion Treasury market has been experiencing low levels of market liquidity in recent months. The central bank has been rapidly increasing interest rates since March as part of a fight to bring inflation down from a 40-year high. The … Read more

Alibaba, JD.com, Nio extend rally in Chinese stocks amid continued hope for relaxing COVID rules

Alibaba, JD.com, Nio extend rally in Chinese stocks amid continued hope for relaxing COVID rules

US-listed shares of Chinese internet companies including Alibaba Group Holding Ltd. and Nio Inc. were rallying sharply in premarket trading Friday as hopeful sentiment continued to build over the possibility that the country was planning to relax its strict COVID-19 policies. The Wall Street Journal reported Friday that Zeng Guang, who was formerly the chief … Read more