The world’s largest cryptocurrency exchange Binance is leading investors’ contribution to a bailout of victims involved in a $615 million digital coin theft, according to the company targeted in the heist. The company Sky Mavis based in Vietnam, which runs the game Axie Infinity, disclosed last week it had been hit by one of the...
Wednesday’s stock market fell slightly as markets struggled to sustain a rebound from earlier in the day. Additionally, traders weighed comments from Federal Reserve Chair Jerome Powell, who reiterated the central bank’s commitment to fighting inflation. The Dow Jones Industrial Average dropped 47.12 points, or 0.15%, to 30,483.13, slipping in the final hour of trading....
President John Williams of the New York Federal Reserve said Tuesday he expects the U.S. economy to avoid a recession even though he believes significantly higher interest rates are needed to contain inflation. “A recession is not my base case right now,” Williams told CNBC’s Steve Liesman during a live “Squawk Box” interview. “I think...
The chairman of the Federal Reserve, Jerome Powell, reaffirmed Friday the bank’s commitment to lowering inflation, saying it is essential to the global financial system’s stability. “The Federal Reserve’s strong commitment to our price stability mandate contributes to the widespread confidence in the dollar as a store of value. To that end, my colleagues and...
Your favorite stores offer credit cards, national companies offer enticing perks and credit cards can be used just about anywhere these days. So, how many should you really have in your name? While there’s no magic number, here are a few things to consider before you add another card to your wallet. Image via Unsplash/Markus...
If you’re like most people, you probably don’t think about your credit score every day. However, it can impact your life in significant ways. That’s why it’s crucial to keep your score as high as possible. If you’re currently struggling with your credit, here’s how to raise your score in just one month’s time. Image...
For many people, financial terms tend to be confusing. This is certainly the case with personal loan terminology, which is why it’s helpful to have a glossary to refer to when trying to decipher loan documents. Click below for a comprehensive resource to help you better understand your personal loan – even the fine print....
Do you carefully examine your credit card statement each month? If you don’t, you could be missing sneaky charges. When you make purchases online, many companies include fees or service charges that aren’t clearly listed in the pricing information – and which could be costing you hundreds of dollars per year. Read on to learn...
Are you planning to take out a loan to cover an upcoming expense? If so, there are a few things you need to know beforehand. Top of mind should be to understand all the terms of your loan, too, as they represent a contract between you and your lender. Read on to learn everything you...
At times, your credit score can seem like a fickle number, changing frequently and seemingly without warning. To best understand yours, it’s important to know what can damage it. Read on to learn about more than a dozen actions that could lead to poor credit, so you can make smart financial decisions and maintain healthy...
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