Bitcoin Ends The Financial Dark Ages

During the Middle Ages, a group of men tried to turn base metals into gold; they were known as alchemists and they did not succeed in their endeavors. We’re fortunate that they didn’t. why? Consider the alternative. Had the alchemists found a way to transmute base metals such as lead into the monetary unit of … Read more

How to buy more than $10,000 in nearly risk-free I bonds this year

Chris Ryan | Getty Images I bonds have surged in popularity as riskier assets slip. The bonds are backed by the federal government, the principal doesn’t lose value and the bonds earn monthly interest through two parts, a fixed rate and a variable rate. Currently, the variable component will pay a record 9.62% annual rate … Read more

5 things to know before the stock market opens Friday, May 13

Here are the most important news, trends and analysis that investors need to start their trading day: 1. Dow futures pop after the 30-stock average’s six-session losing streak The Twitter logo and trading information is displayed as a trader works on the floor of the New York Stock Exchange (NYSE) in New York City, US, … Read more

Consumer credit card debt nears an all-time high

To keep up with rising prices, many consumers are leaning on their credit cards. Credit card balances rose year over year, reaching $841 billion in the first three months of 2022, according to data released Tuesday from the Federal Reserve Bank of New York. Although balances fell slightly from where they stood at the end … Read more

The C-suite doesn’t think the consumer is going to save the economy

Joel Lerner | Xinhua News Agency | Getty Images The outlook from the markets and macroeconomists has been all about the US consumer this year. As inflation has stuck around and the Fed shifted to its hawkish stance, confidence that the economy can withstand the conditions has centered on continued consumer strength. But what if … Read more

Your cash savings may get a higher return but only at certain banks

Guido Mieth | DigitalVision | Getty Images Banks are starting to pay a higher return on your cash — good news for savers who’ve seen their stockpiles languishing from a gruesome combination of low interest rates and high inflation. However, some banks are moving faster than others. Some, particularly traditional brick-and-mortar shops, may not budget … Read more

Stocks could see more tumult next week, especially if bond yields continue to scream higher

After a week of extraordinary turbulence, stocks are likely to remain volatile as investors await fresh data on inflation and watch the course of bond yields. The big report for markets is Wednesday’s April consumer price index. Economists expect a high inflation reading, but it should moderate from the 8.5% year-over-year pace of March. A … Read more

Ron Insana says the Fed is defying logic by trying to create a recession

Federal Reserve Chairman Jerome Powell speaks at a news conference following a Federal Open Market Committee meeting on May 04, 2022 in Washington, DC. Powell announced the Federal Reserve is raising interest rates by a half-percent point to combat record high inflation. Win Mcnamee | Getty Images Volcker or Vulcan? Whom should the Fed emulate … Read more

Opinion: 8 ways to protect your money if you think stocks are headed even lower

I know what you’re thinking: Why, oh why, didn’t we all just “sell in May and go away” like that stupid Wall Street saying recommended? Plenty of other articles will hash out the hows and whys behind recent volatility. This is about potential actions to take via tactical alternatives and defensive strategies that may be … Read more