Author: super@dmin
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Personal Finance Daily: Many Americans say their finances haven’t improved since the 2016 election and what Charles Schwab’s daughter says are the ‘most disturbing’ personal finance trends
Happy Friday, MarketWatchers! Here are the top personal finance stories of the day. Personal Finance Jersey Shore’s Mike ‘The Situation’ Sorrentino is going to jail for tax evasion — how to avoid the same fate How easy (or difficult) is it to be convicted for not paying your taxes? Female executive at fund manager was…
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Jersey Shore’s Mike ‘The Situation’ Sorrentino is going to jail for tax evasion — how to avoid the same fate
Mike “The Situation” Sorrentino, a cast member of MTV’s reality show “Jersey Shore,” is doing something most Americans will hopefully never do: He’s going to jail for tax evasion. Sorrentino pleaded guilty to tax evasion in January and, earlier this month, was sentenced to eight months in prison. He’ll start his sentence in January, so…
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‘Alexa, buy me 10 shares of Boeing’
Amazon’s digital assistant Alexa can tell you the weather and news, play you your favorite song, answer all sorts of questions — and now she can trade stocks for you too. But she probably shouldn’t, financial advisers say. TD Ameritrade AMTD, +0.28% unveiled a partnership with Amazon AMZN, -6.99% on Wednesday that will allow users…
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Market Extra: Here’s why bond investors are finding cheer in disappointing corporate earnings
Third-quarter earnings season isn’t doing much to cheer stock-market investors, but results from U.S. manufacturers might offer some relief to bond investors worried that the Trump administration’s tariffs on imported goods could stoke inflation. On Tuesday, Caterpillar Inc. CAT, -0.03% United Technologies Corp. UTX, -0.12% and 3M Co. MMM, +0.49% reported tariffs were squeezing their…
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Market Extra: Growing weakness in China’s yuan threatens to spread more pain to stocks
China’s yuan hit its lowest level since December 2016 during Friday’s Asia session, edging ever closer towards the psychologically important 7 yuan per dollar level that would represent a decade-long low. Now, market participants are assessing whether Friday’s trading action, as well as the subsequent words from the People’s Bank of China, are a warning…
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CryptoWatch: Bitcoin is 10 years old: Here’s what to expect in the cryptocurrency’s second decade
Oct. 31 will mark the 10th birthday of one of the most promising, yet divisive technological advancements of the 21st century: Bitcoin. In the aftermath of the global financial crisis, the first and most famous cryptocurrency emerged from an underground network of libertarian-leaning cypherpunks. Over the past decade its popularity has soared, but so has…
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The Moneyist: I’m a full-time caregiver for my father—don’t I deserve more of his estate than my siblings?
Dear Moneyist, After my divorce I rented a studio apartment for two years or so. My dad asked me several times to come live with him and I thought because he has chronic obstructive pulmonary disease he would likely need help. I rented his in-law’s apartment. My dad got bladder and lung cancer. While living…
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Deep Dive: Here are Friday’s worst stock performers
It’s been a continual seesaw for stocks this week amid persistent worries of slowing global economic growth and concerns that companies have seen peak earnings growth. Friday continued the trend, starting out on a sour note following earnings reports from two of the biggest tech companies. The Dow Jones Industrial Average DJIA, -0.59% was down…
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CryptoWatch: There are silver linings in the cryptocurrency cloud, analyst says
Major digital coins traded largely unchanged Friday, continuing a run of subdued volatility that some traders undoubtedly find eerie against the backdrop of declining global stocks. In Friday trading a single bitcoin BTCUSD, +0.07% was trading at $6,419.90, down 0.3% since Thursday at 5 p.m. Eastern Time on the Kraken cryptocurrency exchange. For the week,…
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This money-flow chart shows that Amazon and Netflix are in dangerous territory
Money flows are showing that Amazon and Netflix are killing the popular FAANG trade. What if you had a stock that gave you the foresight of what most are now seeing in hindsight? Yes, such a tool exists in segmented money flows. When you invest based on the information and analysis that is freely and…