With concerns about banks constantly in the news—most recently, the Federal Deposit Insurance Corporation (FDIC) confirmed that First Republic Bank FRC had been seized by regulators—some in the U.S. are eying alternatives to keeping their savings in banks. For some, the answer is obvious: rely on cash in hand. I get it. After my great-grandmother’s
Month: May 2023
In this article FRC Follow your favorite stocksCREATE FREE ACCOUNT Chairman Sherrod Brown, D-Ohio, left, and ranking member Sen. Tim Scott, R-S.C., arrive for the Senate Banking, Housing, and Urban Affairs Committee hearing titled “Recent Bank Failures and the Federal Regulatory Response,” in Dirksen Building Thursday, April 27, 2023. Tom Williams | Cq-roll Call, Inc.
In this article ETH= BTC.CM= Follow your favorite stocksCREATE FREE ACCOUNT Bitcoin is under pressure as the Federal Reserve has indicated that rates could go higher than expected and after a major crypto-focused lender, Silvergate Capital, collapsed. Jonathan Raa | Nurphoto | Getty Images Cryptocurrencies took a dip on Monday to start the week and
Valentinrussanov | E+ | Getty Images The 2022 federal tax deadline has passed for most Americans, but another key date is approaching for past-due filers. If you’re one of the nearly 1.5 million people with an unclaimed tax refund from 2019, the last chance to file your return is July 17, according to the IRS.
Experts predict the Federal Reserve likely will approve a quarter-percentage-point interest rate increase this week. This 0.25 percentage point hike will mark the 10th time the Fed has raised its benchmark interest rate over the past year or so, the fastest pace of tightening since the early 1980s. Consumers are now paying more to borrow while still
By Craig Miller, Next Avenue After more than 40 years as a broadcaster and journalist, I’ve found a new career. It doesn’t pay very well (OK, nothing) but it’s one of the most gratifying things I’ve done with my life. I’m a volunteer firefighter. I ply my new trade in a tiny, very historic hamlet
Some of the most intractable problems plaguing the federal tax system have been around for a long time. Complaints about complexity, for instance, appeared before Congress even finished drafting the modern income tax in 1913. “I guess you will have to go to jail,” wrote Sen. Elihu Root to a correspondent while the bill was
The SpaceX Starship lifts off from the launchpad during a flight test from Starbase in Boca Chica, Texas, on April 20, 2023. Patrick T. Fallon | Afp | Getty Images Elon Musk expects SpaceX to spend about $2 billion on its Starship rocket development this year, as the company pushes to build on its first
In this article JPM FRC Follow your favorite stocksCREATE FREE ACCOUNT A view of the First Republic Bank logo at the Park Avenue location, in New York City, March 10, 2023. David Dee Delgado | Reuters The Californian financial regulator took possession of First Republic Monday, resulting in the third failure of an American bank
Some Background If you live in a community property state with your spouse, or if you had lived in a community property state with your spouse for any prior period of time, the assets accumulated while there have special rules that may have important impact on your planning. Example: Husband and wife were married in
In this article DGX LLY BIIB 4523.T-JP Follow your favorite stocksCREATE FREE ACCOUNT Juanmonino | E+ | Getty Images Seniors with early Alzheimer’s disease will face major hurdles to get treated even if promising new drugs roll out more broadly in the coming years, putting them at risk of developing more severe disease as they
A decade ago, a person who walked into a restaurant in Seoul and asked for “han myung-I” —a table for one — could be declined service. That’s because restaurants in South Korea prefer groups of two or more, owing to a complex mix of local social dynamics, profit margins and simple logistics — a
So many aging parents are not facing their own health issues realistically. When asked, “how is your health these days?”, they say “Great”. And when you look into their health truthfully, you find that they have several chronic health conditions for which they are taking medication every day. And there are more health problems looming