Month: December 2022

In this article EFX Follow your favorite stocksCREATE FREE ACCOUNT Bloomberg | Bloomberg | Getty Images Cash payments that were approved as part of Equifax‘s settlement over its 2017 data breach are now reaching consumers. The money — which comes from a $425 million consumer restitution fund created as part of the settlement — began
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In early October of this year—a month before Sam Bankman-Fried’s crypto empire FTX began to unravel—I warned Forbes readers “If you are a participant in a state or local government-sponsored pension fund, then a portion of your hard-earned retirement savings is likely invested in cryptocurrency or a cryptocurrency-adjacent enterprise.” I cited a 2022 study published
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In this article TREE Follow your favorite stocksCREATE FREE ACCOUNT Pedestrians view the holiday windows at a store in New York on Dec. 2, 2021. Christopher Occhicone | Bloomberg | Getty Images High inflation and rising interest rates mean holiday shoppers who turned to credit cards and other methods of borrowing are left with bigger
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In this article NIO 9866-HK Follow your favorite stocksCREATE FREE ACCOUNT Chinese electric car company Nio delivered more than 5,000 cars in April despite Covid restrictions in some parts of China, albeit down sharply from nearly 10,000 vehicle deliveries in March. Future Publishing | Future Publishing | Getty Images Chinese electric vehicle maker Nio lowered
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Catherine Mcqueen | Moment | Getty Images It will soon be easier for cash-strapped Americans to tap their retirement savings for emergency expenses. President Joe Biden is poised to sign a $1.7 trillion bill that amends rules related to so-called hardship distributions from 401(k) plans. The measures are tucked into “Secure 2.0,” a collection of
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Congress has passed legislation benefitting savers who have Individual Retirement Accounts (IRAs) and other qualified retirement plans. This legislation improves some of the goodies contained in the original SECURE Act passed at the end of 2019. The original SECURE Act changed the “required beginning date”, the age at which required minimum distributions (RMDs) from IRAs
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If there’s anything the pandemic showed Americans, it’s that their lives need not be as rooted as once was the case. According to some reports, contract signings for part-time residences have risen 70% since pre-pandemic days. For many people, a more flexible lifestyle means choosing pieds-a-terre that enable departures from their usual abodes. For instance,
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Southwest Airlines aircrafts are seen at Baltimore/Washington International Thurgood Marshall Airport (BWI) on December 22, 2021 in Baltimore, Maryland. Alex Wong | Getty Images Check out the companies making headlines in midday trading. Southwest — Shares dropped 6% after the company canceled 70% of its scheduled flights and warned that mass disruptions would continue “for the next
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Billionaire Charlie Munger thinks we should all be a lot happier. Munger, the longtime investment partner and friend of fellow billionaire Warren Buffett, says he doesn’t understand why people today aren’t more content with what they have, especially compared to harder times throughout history. “People are less happy about the state of affairs than they
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