New York (CNN Business)Good news for student loan holders is bad news for anyone who happens to be an investor in fintech company SoFi. Shares of SoFi tumbled more than 10% Thursday after the Biden administration extended a moratorium on federal student loan repayments. SoFi offers private student loans and refinancings to undergraduates and their parents as well as to […]

Investors love dividend stocks. Not only do they provide dependable income, but they also give investors a great opportunity for solid total return. Total return includes interest, capital gains, dividends and distributions realized over time. In other words, the total return on an investment or a portfolio includes both income and stock appreciation. The first quarter was the first down […]

By Jeff Rose Back on February 14, 2022, crypto exchange extraordinaire BlockFi was slapped with an unprecedented SEC fine. How large are we talking here? A massive $100 million fine. If you didn’t know, this is the largest penalty ever recorded against crypto firms. If you’re a BlockFi customer, like I am, I’m sure you have a lot of questions […]

Gold futures settled lower on Tuesday, weighed down by a stronger dollar and higher Treasury yields, amid expectations the Federal Reserve will start tightening its monetary policy to rein in inflation. Remarks by Federal Reserve Governor Lael Brainard at a Minneapolis Fed conference that the central bank would start reducing its balance sheet at a “rapid pace” as soon as […]

New York (CNN Business)Elon Musk recently purchased 9.2% of Twitter stock, according to a filing Monday, making him the largest individual shareholder in the company. News of the purchase sent shares of Twitter (TWTR) soaring 20% in premarket trading. Musk did not disclose what he paid for the shares, but his stake was worth $2.9 billion as of the close […]

The futures were modestly higher Monday, as we begin the first full trading week of the second quarter. The major indexes closed higher on Friday, after starting lower after the disastrous last day of March close, wherein traders experienced the fourth worst final hour on record to a quarter since at least the mid-1980s. Oil also plummeted, with West Texas […]

Crude oil prices dropped on Friday, extending their slide from the previous session, as the International Energy Agency (IEA) said its members have agreed to release oil from strategic reserve to stabilize global energy markets. “Details of the new emergency stock release will be made public early next week,” the IEA said, a day after the United States pledged its […]