Advisors

The Carnival Radiance cruise ship at the Avalon, California, harbor on May 19, 2023. Aaronp/bauer-griffin | Gc Images | Getty Images The NASDAQ may have hit a bit of a blip in late June when it absorbed losses over six consecutive trading sessions at one point. But it rallied during the final days of the

Inflation may have started to ease, but it remains well above most consumers’ comfort level, and spending has slowed considerably, recent reports show. The core consumer price index for May was at 5.3%, while the personal consumption expenditures price index increased just 0.3% for the month when excluding food and energy. “The bottom line is everybody is

After the Supreme Court struck down the Biden administration’s plan to wipe away about $430 billion dollars in student loan debt, many borrowers are now scrambling to figure out exactly when their next payment is due, how much they owe and whether they’ll be able to afford that bill. President Joe Biden has promised to

vgajic | E+ | Getty Images Recent events have prompted investors and businesses to begin redeploying their savings in order to generate greater yield while protecting their principal. Their options include traditional means such as money market funds or short-duration Treasury bills and more volatile stores of value, such as gold. Some investors have even

Everything that makes up your personhood — your values, experiences and culture — directly affects your spending habits more than you might think.   “Financial psychology is about the humanness of money: how people think, feel, behave about their money [and] their relationship with money in the past, present and future,” said financial psychologist Preston

Westend61 | Westend61 | Getty Images At the midpoint of 2023, some investors see a recession storm on the horizon while others see clear skies ahead. The recession crowd is worried about negative consumer sentiment, while the no-recession camp is heartened by more-positive-than-expected data from the University of Michigan Consumer Sentiment Survey, released in June.

Grashalex | Istock | Getty Images I started working on Wall Street in the late 1990s, and it was the heyday of the initial public offering fever. Those IPOs peaked in 2020. To that point, there were 480 IPOs on the U.S. stock market in 2020, which was an all-time record. This was 106.9% more

Kate_sept2004 | E+ | Getty Images After the Federal Reserve’s interest rate pause on Wednesday, a fixed-income expert covers what to know about bond allocations amid economic uncertainty.  “This is an attractive time to start looking at investment-grade credit,” which may provide “good income,” said Sonal Desai, executive vice president and chief investment officer for

D3sign | Moment | Getty Images Human psychology and money don’t mix well. Left unchecked, our psyches can easily sabotage financial decision-making, behavioral experts said during a panel discussion at CNBC’s Financial Advisor Summit.   “We’re all crazy when it comes to money,” said Brad Klontz, managing principal of YMW Advisors in Boulder, Colorado, and

Customers outside a Silicon Valley Bank branch in Beverly Hills, California, on March 13, 2023. Lauren Justice | Bloomberg | Getty Images Most millionaires — 63% — support Congress raising FDIC coverage limits following the recent failures of Silicon Valley Bank and Signature Bank earlier this year, a new CNBC survey finds. The survey found

Investing in the market is what allows many people to achieve their biggest goals, like purchasing a house, sending their child to college and being able to retire. Yet some people put their money into stocks before they’re ready, warns certified financial planner Douglas Boneparth. To achieve the benefits of long-term investing, Boneparth said, you

D3sign | Moment | Getty Images Taxpayers who use peer-to-peer payment apps like Venmo and PayPal and e-commerce companies such as eBay, Etsy and Poshmark may be receiving a new-to-them tax form next year — one that’s worth some advance planning. Starting this tax year, such companies must use a new, lower threshold when issuing