Did you receive an ‘inflation check’ last year? IRS is now deciding if your state’s one-time payment is taxable.
The direct payments that a number of states authorized for residents last year, while inflation raged, are presenting new questions ...
Tag: Banking/Credit
These crypto-related stocks rallied up to 200% this year. Here’s why
Welcome back to Distributed Ledger. This is Frances Yue, crypto reporter at MarketWatch. Crypto miners have had a remarkable start ...
They’re baaaaack. Retail participation in the stock market just surpassed the GameStop days.
It’s getting out of control. Even before Jerome Powell incorrectly told a MarketWatch colleague that financial conditions hadn’t changed very ...
High mortgage rates: the one reason it’s so hard for the Fed to shed trillions of dollars in housing debt
The Federal Reserve fired off a smaller interest rate increase on Wednesday, while hinting it might soon be toning down ...
State of the Union: 5 key challenges for Biden as he delivers his speech
President Joe Biden will face no small task on Tuesday night, when he delivers his State of the Union speech ...
ECB delivers half-point rate hike and plans another in March
The European Central Bank on Thursday delivered an expected half percentage point interest rate hike and said it intends to ...
U.S. productivity rebounds in fourth-quarter
The numbers: U.S. productivity rose at a 3% annual clip in the fourth quarter, the government said Thursday. That’s the ...
Former FTX CEO Sam Bankman-Fried is restricted from using encrypted messaging apps
A New York judge has imposed communication limits on former FTX chief executive Sam Bankman-Fried, according to a court filing ...
Bitcoin jumps 3% after Powell says ‘disinflation’ underway
Bitcoin jumped 3% after the Federal Reserve on Wednesday raised its key interest rate by a quarter of a percentage ...
Credit-card balances surge — as inflation and interest rates create ‘hardships’ for cash-strapped Americans, TransUnion says
Higher prices are driving more Americans to credit-card debt. That’s according to a new TransUnion report on credit activity in the fourth ...
U.S. home prices fall for 5th straight month in November, Case-Shiller index shows
The numbers: The S&P CoreLogic Case-Shiller 20-city price index fell a seasonally adjusted 0.5% in November, marking the fifth consecutive ...
Fed rejects crypto bank’s application to join U.S. payment system
The Federal Reserve Board on Friday rejected a Wyoming-based crypto-centric bank’s application to become a member of the central bank’s ...
U.S. Treasury increases borrowing estimate for first quarter
The Treasury Department said Monday it expects to borrow $932 billion in the first quarter, which is $353 billion higher ...
Congress should reinvigorate the CFTC so it can regulate shadowy financial markets
The Commodity Futures Trading Commission, or CFTC, is the federal regulatory agency that is charged with regulating derivatives, the complex ...
How to get a 6% return in bonds this year, according to Guggenheim
After an awful year, a straightforward strategy has been shaping up for investors to get an estimated 6% return in ...
American Express, Visa share gains lead Dow’s nearly 50-point jump
Shares of American Express and Visa are seeing strong returns Friday afternoon, lifting the Dow Jones Industrial Average into positive ...
‘Timing couldn’t be worse’: Inflation might be slowing, but people say it’s getting harder to cover unexpected costs — and the next Fed meeting won’t help
A record number of people say they would need to pay for an unplanned $1,000 expense by using their credit ...
U.S. consumer sentiment strengthens in final January reading
The numbers: U.S. consumer sentiment improved in late January to 64.9, according to the University of Michigan’s gauge of consumer ...
Fed set to deliver quarter-point rate hike along with ‘one last hawkish sting in the tail’
The Federal Reserve will downshift to a 25 basis point rise in its policy interest rate at their upcoming interest-rate ...
Debt-limit standoff: Here are the Washington players you need to know about
The debate over raising the U.S. debt limit is poised to be one of the hottest fights to hit Washington ...
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U.S. egg shortage breeds chicken-feed conspiracies
Social media users claim to have found a new culprit for sky-high egg prices: chicken feed. The theory gained steam...
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EDITOR'S PICK
Eva Green Tells U.K. Court ‘B Movie’ Could Have Wrecked Career
Eva Green said in a British court Monday that she grew disillusioned with a film project because it was becoming...
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