Financial related news.
NEW YORK — More workers may soon be able to stake some of their 401(k) retirement savings to bitcoin, as cryptocurrencies crack even deeper into the mainstream. Retirement giant Fidelity said this week that it’s launched a way for workers to put some of their 401(k) savings and contributions directly in bitcoin, potentially up to [...]
Automating financial tasks sounds like the perfect way to check mundane items such as saving and paying bills off your to-do list with minimal effort. But there's a potential downside to giving up manual control. When you automate bills, you may be less likely to review them and notice errors, or to catch yourself overspending. [...]
WASHINGTON — As the Federal Reserve intensifies its efforts to tame high inflation, its top officials are casting their aggressive drive in a new light: as a blow against economic inequality. That thinking marks a sharp reversal from the conventional view of the Fed's use of interest rates. Normally, the steep rate hikes the Fed [...]
WASHINGTON — Treasury Secretary Janet Yellen says more government regulation is needed to police the proliferation of cryptocurrency and ward off fraudulent or illicit transactions. One potential upside is that users would get documentation of their crypto dealings for use in filing their taxes. "Taxpayers should receive the same type of tax reporting on digital [...]
WASHINGTON — Federal Reserve officials are signaling that they will take an aggressive approach to fighting high inflation in the coming months — actions that will make borrowing sharply more expensive for consumers and businesses and heighten risks to the economy. In minutes from their March policy meeting, released last week, Fed officials said that [...]
Even though what can feel like a gift from the government is actually a delayed receipt of your own money, the best use of those funds is not always apparent. This year the question is even more fraught, with many households facing increasing financial pressure from inflation, rising interest rates and expiring government assistance programs [...]
LOS ANGELES — Homebuilder stocks have lagged far behind the broader market during Wall Street's swoon this year, weighed down by fears that rising mortgage rates could severely dampen sales. Yet some Wall Street analysts say the selling may be overdone. One prominent exchange traded fund, the SPDR S&P Homebuilders ETF, is down about 26 [...]
WASHINGTON — Got a dime you can spare? Coins are in short supply — again. Retailers, laundromats and other businesses that rely on coins want Americans to empty their piggy banks and look under couch cushions for extra change and "get coin moving." A group of trade associations that represent individual businesses including banks, retail [...]
WASHINGTON (AP) — The nation’s economy ended 2021 by expanding at a healthy 6.9 percent annual pace from October through December, the government reported Wednesday, a slight downgrade from its previous estimates. For all of 2021, the nation's gross domestic product — its total output of goods and services — jumped by 5.7 percent, the [...]
The events of 2021 didn't always play out as expected. A lingering pandemic, a shifting government response and a wave of career moves meant many people ended the year in a far different place from where they began. Now, as the income tax filing deadline approaches, those life changes may bring a new wave of [...]