VATICAN CITY – The Vatican’s sprawling financial trial may not have produced any convictions yet or any new smoking guns as prosecutors work through a first round of questioning of the 10 suspects accused of fleecing the Holy See of tens of millions of euros. But testimony so far has provided plenty of insights into … Read more
Bonds are back, say investors who are daring to buy into the battered market. Stability emerged in debt markets this week, with the 10-year US Treasury yield retreating from a peak over 3% following a five-month routines that worsened as stocks plummeted. While most of the buyers anticipate further turmoil if the US economy slides … Read more
Arthur Hayes, a co-founder and former chief executive of cryptocurrency derivatives exchange BitMEX, has been sentenced to serve six months of house arrest for violating US law by failing to establish a compliant anti-money-laundering program. Mr Hayes, who was sentenced at a hearing in federal court in Manhattan on Friday, also was ordered to serve … Read more
When you dream of retirement, you figure you’ll finally enjoy worry-free living. But the first few years can prove surprisingly tense. A big cash outlay or costly divorce can upend your best-laid plans. Getting ensnared in a scam or buying the wrong insurance can also sabotage the first phase of your retirement. There’s a natural … Read more
“Is the economy under control or is it spiraling out of control? That’s the million-dollar question traders continue arguing over, ”sums up CrackedMarket blogger Jani Ziedins. Clearly, the latter argument prevailed – again – after Wall Street’s worst day in two years, and futures hinting of more pain for Thursday. Among the gloomsters, Guggenheim’s Scott … Read more
This is the time of the quarter when investors get to see what changes Warren Buffett and the management team at Berkshire Hathaway have made to the conglomerate’s stock portfolio. The big splash in Berkshire Hathaway Inc.’s BRK The 13F filing with the Securities and Exchange Commission for the end of the first quarter is … Read more
Will home prices fall? Getty Images Gone are the uber-low mortgage rates of 2021. Indeed, average 30-year-fixed mortgage rates have risen from roughly 3.5% to about 5.6% this year, and pros say they expect them to climb further (see the lowest mortgage interest rates you can get now here). One might think that these rising … Read more
Generation Z investors are experiencing their first bear market, and that’s a good thing. I’m referring to investors who were born after 1996 and currently 26 or younger. They would have been no older than age 12 during the last major bear market, in 2008, and almost certainly weren’t paying attention to Wall Street. (I’m … Read more
The end of the US stock market’s correction is looking a lot closer. That’s the conclusion of a contrarian analysis of market timer sentiment. It’s encouraging, from a contrarian perspective, that the market timer community in recent days has become extremely pessimistic – as pessimistic, in fact, as it has been at prior market bottoms. … Read more
As dealers try to boost profits on each car they sell – because current demand far outweighs supply – many are padding contracts with extra fees and products without telling the buyer. This means it’s more important than ever to carefully review the sales contract before you sign it. “We are seeing a record level … Read more
