MoneyWatch

Larry David expressed some contrition over taking part in a high-profile 2022 Super Bowl commercial for the cryptocurrency exchange FTX, the founder of which was last year found guilty of fraud, conspiracy and money laundering. “You know, I asked people, friends of mine who were well-versed in this stuff, ‘Should I do this ad? Is there anything wrong with this, …

Federal Reserve officials capped their first monetary policy meeting of 2024 by leaving the central bank’s benchmark interest rate unchanged,a decision that was widely expected on Wall Street. But policymakers signaled they want to see more progress made on battling inflation this year, heightening investor focus on exactly when the Fed might release the brakes on the U.S. economy for …

The Federal Reserve’s federal funds rate has been a hot topic since rate hikes started about two years ago. However, the Fed announced today that it was pausing rate hikes again — for the fourth consecutive time — and it’s unclear which direction rates will move in next. However, the central bank also noted that the current inflation rate remains …

Inflation has been high for some time, and prices on many goods and services have been rising. According to the Bureau of Labor Statistics, transportation costs are up almost 10%, housing costs more than 6% and food costs nearly 3%. The result has been increased financial stress for the average American and, for many, an increased reliance on credit cards …

Finding the right assets to add to your investment portfolio can be difficult — and that’s true even for the most seasoned investors. For example, stocks may offer an opportunity to earn big returns on your money, but these investments can also be volatile, with a penchant for quick drops and increases in value. And, other assets, like treasuries and …

It’s tax season again. That means it’s time to compile your W2s and 1099s alongside your expense documents and file your taxes. Years ago, doing your taxes could be a major inconvenience, as it may have required a professional to guide you through the process. But that’s not necessarily true anymore. Today’s technology has simplified many complex tasks — and …

Despite an unexpected uptick in inflation that occurred in late 2023, the Federal Reserve announced todaythat it would leave interest rates unchanged for now. This is the fourth consecutive rate hike pause by the Fed — keeping its benchmark rate range at a 23-year high of between 5.25% and 5.50%. “The committee does not expect it will be appropriate to …

The mortgage rate environment has been turbulent in recent years. After hovering near record lows during the height of the pandemic in 2020 and 2021, rates surged as the Federal Reserve attempted to reign in inflation. The benchmark interest rate was raised so high that mortgage rates subsequently hit their highest point since 2000 last summer, leaving many buyers and …

Meta CEO Mark Zuckerberg and four other leaders of social media companies were reprimanded by lawmakers in a congressional hearing on Wednesday for not doing enough to safeguard kids online. The Senate Judiciary Committee hearing opened with videos of people describing being sexually exploited on Facebook, Instagram and X, with Sen. Lindsey Graham telling Zuckerberg he had “blood on his …

Billionaire Ken Griffin, who has donated over $500 million toHarvard University, said he’s stopped giving money to the Ivy League college because he believes the school is “lost in the wilderness” and has veered from its “the roots of educating American children.” Griffin, who made the comments at a conference hosted by the Managed Funds Association in Miami on Tuesday, …