Author: super@dmin

This article is reprinted by permission from NextAvenue.org. What’s new in personal finance apps and tech-based services for boomers and Gen Xers? Sadly, based on my day attending Finovate Fall 2018 (a New York City conference that “showcases the best new innovations and insights in financial and banking technology”), not much. Most of the 79 presenters focused…

Asian markets were mixed in early trading Tuesday, with Chinese equities rising while Japanese stocks fell. Japan’s Nikkei NIK, -1.19%   dropped about 1%, though analysts said that was mostly a catch-up reaction to Monday’s widespread regional declines that took place while Japanese markets were closed for a holiday. Electronics were among the biggest decliners…

Getty Images The IMF sees the Fed hiking rates in December and four times next year The good times, such as they were, for the world’s most advanced economies are over, the International Monetary Fund said Monday. In new forecasts issued in its world economic outlook, the IMF cut its global growth forecast for this…

Bloomberg News/Landov IMF chief economist Maurice Obstfeld IMF Chief Economist Maurice Obstfeld ripped up the script Monday and delivered an impassioned plea to governments to continue to collaborate internationally. An IMF chief economist typically uses the forward of the agency’s annual report on the health of the global economy to highlight key aspects of the…

Bitcoin prices traded higher Monday as investors looked for a catalyst to break prices out of a lengthy lull. In early Monday trading a single bitcoin BTCUSD, -0.22%  was changing hands at $6,634.73 up 1.4% since Sunday at 5 p.m. Eastern Time on the Kraken exchange. While traders pine for volatility, proponents of the underlying…

Italian government debt sold off on Monday, pushing the yield on 10-year paper to its highest closing level since 2014, after European Union officials criticized the government’s fiscal plans, reinforcing expectations for a budget clash with Brussels. Investors are also weighing the prospect of near-term downgrades to Italy’s credit rating. With Italy’s key government figures…

Money can’t buy happiness, but it may define what happiness means to you. Spending money on experiences makes wealthier people happier, but lower-income people had a difference reaction. They were happier or felt the same when they bought possessions rather than experiences, according to a new series of studies published in the peer-reviewed Psychological Science,…

Dear Moneyist, My sister recently passed away, unexpectedly. She was never married and had no children, but there are 4 living siblings. She had 7 retirement accounts. The beneficiary was changed on 6 accounts to her friend back in 2013. The 7th, which has the most money, was changed to this same friend a year…

U.S. stocks traded lower Monday — but quickly came off their worst levels — as investors wrestled with fears about rapidly rising rates against expectations for strong corporate results in coming days. On top of that, investors were keeping an eye on the potential for tensions between Italy and the European Union over budgetary concerns.…

Oil futures were in retreat Monday on reports that the Trump administration was softening its hard line on Iran crude exports and might allow waivers for some buyers when sanctions against the Islamic Republic’s crude exports go back into effect in November. U.S. benchmark West Texas Intermediate crude for November delivery CLZ8, -0.55%  on the…