Author: super@dmin

Dear Moneyist, Before I married my wife two years ago, she had huge amounts of debt to her name, including large amounts of student loans. After we married, we diligently almost paid everything off, helped by my salary being three times that of my wife. She recently asked for a divorce, saying she was taking…

Yes — cash is back. Once again people who don’t want to take on the risks of the stock market or the bond market or the gold market or any other market — and just want a reasonable rate of return on their savings without having to worry — are starting to feel some love.…

Another hedge-fund firm is closing its doors. Boston-based hedge fund Frontlight Capital LP is shutting after fewer than three years in operation, people familiar with the matter said. Four other hedge funds earlier this month announced they were closing, as investors re-evaluate a once-highflying industry plagued by weak returns. Through September of this year, Frontlight’s fund,…

President Donald Trump and his children made millions as they swindled working-class, aspiring entrepreneurs with the promise of lucrative business deals, according to a new lawsuit. The class action lawsuit filed Monday alleges there was a simple goal behind the complex con – enrichment “by systematically defrauding economically marginalized people looking to invest in their…

The race to represent Florida in the U.S. Senate has triggered more spending than any other congressional election this year, according to the nonpartisan Center for Responsive Politics. A total of $159 million has been spent on that race, according to the center’s analysis of Federal Election Commission data. Democratic Sen. Bill Nelson’s campaign has…

The bitcoin lull is over. The price of the No. 1 digital currency has broken out of its recent narrow trading range, dropping to a two-week low below $6,300 and providing traders some long missing volatility. A single bitcoin BTCUSD, +0.30%  was last changing hands at $6,276.68, down 2.1% since Sunday at 5 p.m. Eastern…

Mexican President-elect Andrés Manuel López Obrador said his government will cancel Mexico City’s $13.3 billion airport that is under construction, and instead build a terminal and two runways at a military base north of the capital. The decision followed a controversial four-day public consultation launched by López Obrador in which about 70% of the slightly…

U.S. benchmarks came well off intraday highs Monday as stocks attempted to bounce back from the previous week’s steep losses as old concerns, including worries about global growth and stability, reemerged. What are major benchmarks doing? The Dow Jones Industrial Average DJIA, +0.58%  rose 60 points, or 0.2%, to 24,749, after jumping by about 352…