Federal Reserve Chairman Jerome Powell fist bumps Treasury Secretary Steven Mnuchin after a House Financial Services Committee hearing on “Oversight of the Treasury Department’s and Federal Reserve’s Pandemic Response” in the Rayburn House Office Building in Washington, U.S., December 2, 2020. Greg Nash | Reuters The $1 billion-plus injection that New York Community Bank announced … Read more
Andriy Onufriyenko | Moment | Getty Images One helpful way to think about the recent gold rally: it’s a case of schadenfreude. The yellow metal does well when other assets — and the world — are in trouble. As a result, prospective buyers should proceed with caution, experts say. Be prepared to root against your … Read more
Securities and Exchange Commission Chairman Gary Gensler testifies before Congress on July 19, 2023. Win Mcnamee | Getty Images News | Getty Images ‘A sensible rule to protect investors’ “Climate risk is financial risk,” Elizabeth Derbes, director of financial regulation and climate risk for the Natural Resources Defense Council, said in a written statement. “This … Read more
Vivian Tu. Photo: Heidi Gutman Building wealth and saving for retirement can be more difficult for women facing challenges such as lower wages despite their increasing levels of education. An early-career mentor sparked a mindset shift for Vivian Tu, the founder of Your Rich BFF, who became a self-made millionaire by age 27. “I learned … Read more
Selim Korkutata | Anadolu Agency | Getty Images Cryptocurrencies bounced on Wednesday, recovering much of the losses from the previous day’s sell-off, which came soon after bitcoin hit an all-time high. Bitcoin jumped 7.2% to $66801.38, according to Coin Metrics, while ether rocketed more than 12% to $3,793.99, its highest level since January 2022. On … Read more
The author, Bola Sokunbi Credit: Bola Sokunbi When it comes to managing money, women commonly use the word “fear” to describe what stands between them and the life they want. But achieving financial success means stepping out of our comfort zone, said Bola Sokunbi, founder of Clever Girl Finance and author of “Choosing to Prosper” — … Read more
Rohit Chopra, director of the CFPB, testifies during the Senate Banking, Housing and Urban Affairs Committee hearing titled “The Consumer Financial Protection Bureau’s Semi-Annual Report to Congress,” in the Dirksen Building on Nov. 30, 2023. Tom Williams | Cq-roll Call, Inc. | Getty Images The Consumer Financial Protection Bureau unveiled a new rule on Tuesday … Read more
An employee handles one kilogram gold bullion at the YLG Bullion International Co. headquarters in Bangkok, Thailand, on Friday, Dec. 22, 2023. Bloomberg | Bloomberg | Getty Images Gold prices pushed higher Tuesday after futures pricing for the precious metal notched fresh records in the previous two sessions — with analysts seeing strength lasting at … Read more
Omar Marques | Lightrocket | Getty Images Ether on Tuesday continued its march higher as the price of bitcoin took a breath. The second-largest cryptocurrency was last higher by 2.5% at $65,868, according to Coin Metrics. Earlier it rose to as high as $3,828.81, a January 2022 high. Bitcoin retreated about 3% after it hit … Read more
Jaap Arriens | NurPhoto | Getty Images Bitcoin has reached a new all-time high for the first time in more than two years, as this year’s rally — fueled by excitement over bitcoin ETFs and the upcoming halving event — accelerated. The price of the cryptocurrency topped $69,210 on Tuesday morning, according to Coin Metrics, … Read more
