In this article SPCX Morsa Images | E+ | Getty Images Early in 2021, SPACs, or special purpose acquisition companies, raised record amounts of money to take private firms public. The frenzy, and recent slump of SPAC shares, could lead to riskier deals in the coming months and years, meaning those looking to invest in
Personal finance
In this article GME AMC BB-CA Mario Tama | Getty Images AMC Entertainment‘s stock continued its wild ride on Wednesday, with the price per share rising more than 100% and prompting a halt to its trading several times. AMC is one of several so-called meme stocks that have seen a surge in interest from individual
US President Joe Biden speaks about the progress in the fight against Covid-19, at the Sportrock Climbing Centers in Alexandria, Virginia on May 28, 2021. Mandel Ngan | AFP | Getty Images President Joe Biden released his proposed 2022 fiscal year budget on Friday, which calls for an increase of the top capital gains tax
Getty Images The dramatic rise of cryptocurrency has led to some spouses hiding those digital assets during divorce settlements, and tracking down the funds isn’t easy, experts say. More than 20 million Americans may own cryptocurrency, industry groups say, and digital currency market values grew to a record $2 trillion in April. These spikes may
martin-dm | E+ | Getty Images As the world opens following Covid restrictions, people are also reopening their wallets. For many, it’s exciting to be getting back to some sense of normal. It could also wreak havoc on personal finances, especially if people aren’t careful. “It’s critically important to revisit your budget and how you
Vesnaandjic | E+ | Getty Images After a year of lockdown, you may be ready to go out and start spending. Not so fast. “We’ve gone through what can be described as a major discretionary spending fast,” said Jim Wang, founder of the personal finance blog Wallet Hacks. “After a year of spending relatively little,
No-Mad | iStock | Getty Images More than 11 million Americans are behind on their rent and many could be pushed from their homes when the national eviction ban expires in June. The Centers for Disease Control and Prevention’s eviction moratorium, which has been in effect since September, will lift on June 30. Although the
Hispanolistic | E+ | Getty Images When Jordan Wexler’s niece recently lost her first tooth, he sent her $15 along with a video of himself dancing while dressed up as a Tooth Fairy. The money was not the typical cash kids traditionally receive under their pillows. Instead, Wexler put the money toward an investment on
Getty Images Covid-19 vaccinations are on the rise. Mask mandates are being stripped away. Businesses are reopening. What should you do to get on track with your money during the economic recovery? The U.S. economy is showing signs of life as the country reopens and returns to a new normal following the coronavirus pandemic. Weekly
Even though they’ve been around for decades, 529 college savings plans are still often misunderstood. The investment vehicles are a tax-advantaged way to save for college or other schooling. Earnings are free from federal tax and the funds aren’t taxed when taken out to pay for qualified expenses. Yet only 36% of Americans can correctly
Social media personalities Dixie D’Amelio and Noah Beck at Disney California Adventure Park at the Disneyland Resort on May 2, 2021 in Anaheim, California. Handout | Getty Images Entertainment | Getty Images The Covid pandemic made the past 14 months a literal roller coaster of a ride for both theme parks and their fans. Parks
U.S. President Joe Biden. Bloomberg | Bloomberg | Getty Images President Joe Biden has a problem with broad student loan forgiveness. In a recent interview with New York Times columnist David Brooks, Biden said: “The idea that you go to Penn and you’re paying a total of 70,000 bucks a year and the public should
Daniel Acker | Bloomberg | Getty Images Car shoppers hoping to cash in on Memorial Day weekend sales events may want to rein in their expectations. On top of reduced inventory due to a shortage of microchips — key parts needed for today’s autos to operate — and unrelenting consumer demand pushing prices higher, there
Eddie Valdivia and his wife Vanessa pose in front of their first house, which they purchased in October 2020 with the help of a VA loan. Eddie Valdivia, 34 and his wife, Vanessa, 36, workers at the Red Cross, bought their first house last October, right in the middle of the pandemic. It’s a three-bedroom,
STR | NurPhoto | Getty Images Cryptocurrency has increasingly become a factor in divorce settlements as bitcoin, dogecoin and other types gain mainstream acceptance and values spike. More than 20 million Americans may own cryptocurrency, industry groups estimate, and the digital currency market value rose to $2 trillion for the first time in April. Whether
Drew Angerer | Getty Images News | Getty Images President Joe Biden proposed a 39.6% top tax rate on capital gains and dividends for millionaires when he released his fiscal 2022 budget request to Congress on Friday. That’s in line with the top rate the administration outlined in April as part of tax increases on
Because of the coronavirus pandemic, the price of higher education is an even bigger consideration for students and their families than usual. At the same time, the cost of a four-year college or university has never been higher. For the 2020-21 academic year, average tuition and fees increased 1.1% for in-state students at four-year public colleges, reaching $10,560,
lisegagne | E+ | Getty Images Parents anxiously awaiting the July 15 start of the monthly child tax credit payments should start planning how they’ll use the extra money now. The child tax credit got a boost from the American Rescue Plan, signed into law by President Joe Biden in March. The new enhanced credit
Douglas Sacha | Moment | Getty Images Almost 60,000 stimulus checks sent to deceased individuals have been returned voluntarily, according to a Treasury Department report issued Thursday. The funds sent back totaled $72 million. The $1,200 Economic Impact Payments were issued to households as part of the CARES Act pandemic relief law passed in March
People wait to visit a house for sale in Garden City, Nassau County, New York, on Sept. 6, 2020. Xinhua News Agency | Getty Images Mortgage interest rates are near historic lows. Yet if you want to take advantage of those rates, check your credit score first. That three-digit number determines whether you can get