Kyle Bass Mark Neuling | CNBC Hedge fund manager and Hayman Capital Management founder Kyle Bass said on Monday that without state support, China’s currency would plunge. “What’s happening in China is they have to have dollars to sell to buy their own currency to hold it up. If they were to ever free float
Picture Alliance | Getty Images As the trade war between the world’s largest economies rages on, your savings are likely taking a hit. The Dow Jones Industrial Average plunged more than 500 points by midday Monday, while the S&P 500 dropped 2%. Amid troubles in the market, the most common advice is to do nothing.
Several years ago, my wife and I attended a “preparing for retirement” seminar. After the session, my wife turned to me and asked, “how do dumb people retire?” I was caught off-guard by what appeared to be an elitist comment. She quickly clarified that she was frustrated by the sheer complexity and agonizing decision-making process
Getty Correspondence season is in full swing. That means that the Internal Revenue Service (IRS) is sending out bills and notices to taxpayers – including correspondence focused on cryptocurrency and healthcare reporting. It may be hard for taxpayers to tell the real thing from the fakes – and scammers are taking advantage of the confusion.
Lauren Kalmat of Vis-Home Your home is your castle, and now’s your chance to own one that belonged to music royalty. A Detroit-area property owned by the late Queen of Soul Aretha Franklin is for sale. The house had been listed at $800,000 in October and was removed from the MLS about six weeks later.
Members of the ‘Crosses for Losses’ group arrive at the scene with crosses for each victim, after the shooting that left 21 people dead at the Cielo Vista Mall WalMart in El Paso, Texas, on August 5, 2019. MARK RALSTON Mark Ralston | AFP | Getty Images Shares of major video game companies fell sharply
NEW YORK, NY – OCTOBER 26: Traders and financial professionals work ahead of the closing bell on the floor on the New York Stock Exchange (NYSE), October 26, 2018 in New York City. Drew Angerer | Getty Images News | Getty Images Check out the companies making headlines midday Monday: Tyson Foods — The food
A cyclist passes the Federal Reserve headquarters in Washington. Kevin Lamarque | Reuters The U.S. Federal Reserve announced on Monday it planned to develop its own round-the-clock real-time payments and settlement service, with an expected launch in 2023 or 2024. In a statement, the U.S. central bank said it was seeking public comment on the
There’s one market correlation you can count on: When the markets plummet, calls to 401(k) plan providers go up. If you’re like a lot of people, you’re also reaching for the phone — or just looking for reassurance that your nest egg will still be OK. Moyo Studio | E+ | Getty Images Monday’s eye-popping
When planning for the transfer of your wealth, the options available to you and your family can at times feel overwhelming. How do you choose the solution that best fits your circumstances and your family’s needs? Fortunately, there are a number of strategies that can help preserve your assets, facilitate the transfer of wealth and