Author: super@dmin

Terrance Horan/MarketWatch Is it a rebound or a dead cat bounce? October is living up to its infamous reputation as a volatile month for stocks with major indexes down sharply and there is likely more pain ahead for investors, according to one prominent Wall Street analyst. The recent rebound “was a dead cat bounce,” said…

Cryptocurrency prices drifted lower Monday with most major coins in the red in late afternoon trading Bitcoin, the world’s largest digital currency, was showing small losses, with a single bitcoin BTCUSD, -0.05%  last going for $6,443.94, down 0.6% since Sunday at 5 p.m. Eastern Time on the Kraken crypto exchange. Coming off a week in…

U.S. stocks closed mostly lower Monday, with the S&P 500 dropping for a fourth day in a row, as investors braced for a deluge of earnings against the backdrop of higher interest rates and concerns about global growth. How did major indexes fare? The Dow Jones Industrial Average DJIA, -0.50% dropped 126.93 points, or 0.5%,…

The dollar gained ground Monday as investors kept an eye on a number of themes, including Italy’s budget and Britain’s ongoing Brexit process. The ICE U.S. Dollar Index DXY, +0.37%  was up 0.3% at 96.001, adding to a 0.5% weekly gain last week, according to FactSet data. In the U.K., traders were watching Prime Minister…

Happy Monday, MarketWatchers! Here are your top personal finance stories of the day. Personal Finance Here’s how NOT winning the Mega Millions could be the best thing that happens to you The $1.6 billion lottery jackpot is now the largest in U.S. history. Should I sell my $565,000 duplex and invest the money—or continue to…

And then there were none. The Financial Stability Oversight Council unanimously agreed Oct. 17 to end its extra scrutiny of Prudential Financial Inc. PRU, -1.94%  , the only remaining non-bank firm still designated as a “systemically important financial institution,” or SIFI. Related: Prudential Financial escapes U.S. oversight as FSOC supervision now strictly for banks Under…

Oil futures ended barely higher Monday as the November U.S. benchmark futures contract expired and traders took stock of U.S.-Saudi tensions over the killing of journalist Jamal Khashoggi. Several U.S. lawmakers from both sides of the aisle called for sanctions on the kingdom over the weekend as Treasury Secretary Steven Mnuchin prepared to visit Saudi…

Just a couple of weeks until the mayhem of the midterm elections, and a serious bump in volatility VIX, -3.32%  is keeping investors on their toes. One look at the overnight swings in the futures market provides the latest bit of evidence. The silver lining is that if recent history is any indication, the choppiness…

This article is reprinted by permission from NerdWallet. The federal watchdog agency created to protect consumers is not regulating two of the country’s fastest-growing financial institutions despite receiving voluminous complaints about them, according to an analysis by NerdWallet. Escaping scrutiny are Green Dot Corp. GDOT, +0.68%  — which partners with Walmart, WMT, +1.02%   Apple,…

As things stand now, there are more than 44 million people who collectively owe a whopping $1.5 trillion in student loan debt in the U.S. Clearly, this is an issue that needs to be addressed. The problem is that there just aren’t enough jobs for these graduates to offset their student loan debts as quickly as most…