His book looks at the history of money and explains our obsession with cryptocurrency

The Money Plot by Frederick Kaufman Source: Other Press What is money? Why do we need it? These are some of the big questions writer Frederick Kaufman explores in his book “The Money Plot: A History of Currency’s Power to Enchant, Control, and Manipulate,” which was published in the thick of the pandemic. Kaufman, a … Read more

A key U.S. inflation gauge rose 3.1% year over year, higher than expected

A key inflation indicator rose a faster-than-expected 3.1% in April as price pressures built in the rapidly expanding U.S. economy, the Commerce Department reported Friday. The core personal consumption expenditures index was forecast to increase 2.9% after rising 1.9% in March. Federal Reserve officials consider the measure to be the best gauge for inflation, though … Read more

Small business owners missed out on thousands of dollars in loans when PPP funding ran out early

Masked visitors view art at El Museo del Barrio’s Estamos Bien exhibit. The museo has reopened but at limited capacity. Michael Palma Mir When the Paycheck Protection Program ran out of funding the first week of May – weeks ahead of its May 31 deadline – it was a huge surprise to the staff of … Read more

Slow population growth means low interest rates are likely here to stay, says JP Morgan

Slowing population growth across the globe could have a major impact on real interest rates, according to new research from JP Morgan. With more old people saving for retirement and fewer young people borrowing for things like properties, cars and education, demographics are weighing heavy on interest rates in a trend that is set to … Read more

Most Americans have just a few days left to file 2020 taxes. Here’s what to know

bymuratdeniz | iStock | Getty Images If you haven’t filed your 2020 tax return, the clock is ticking. The deadline for 2020 returns is Monday, May 17. In March, the IRS pushed back the date for individual returns due to the coronavirus pandemic, giving most Americans an extra month to file. Even with the additional … Read more

Petition calling on Biden to cancel student debt gets more than 1 million signatures

Austin Hossfeld and his wife, Hayley. Photo: Austin Hossfeld Every day, Austin Hossfeld types the same words into Google: “Biden” and “student loans.” “A lot of the times, it’s the same articles,” Austin, 26, said. “I re-read them. “At night, I talk to my wife about it.” Like so many other Americans, the Carroll, Ohio, … Read more

Here’s what the market debut of Coinbase means for everyday investors

The Coinbase cryptocurrency exchange app pictured on the screen of an iPhone on February 12, 2018. Chesnot | Getty Images Coinbase is set to go public on Wednesday on the Nasdaq exchange, and you probably have at least one friend pointing to the news as a sign that cryptocurrencies are here to stay. Many people … Read more

Bidding wars, lack of houses and desperate buyers: How to navigate buying a home this spring

After looking at more than 50 houses and writing 17 offers, Taryn and Antonio Orellana recently closed on a house in Lakewood, Calif. Source: Taryn Orellana When pandemic life began to feel too tight inside the one-bedroom apartment Taryn Orellana shared with her husband, Antonio, she knew they had to move. In October, the couple … Read more

Biden infrastructure, clean energy plan may be windfall for investors

US President Joe Biden speaks in Pittsburgh, Pennsylvania, on March 31, 2021. Jim Watson | AFP | Getty Images President Joe Biden’s infrastructure initiative — and the measures it contains to curb climate change — may be a tailwind for investors in so-called sustainable or ESG funds, according to financial advisors. If signed into law, … Read more

Here’s why wealth advisor Josh Brown says investing in real estate is often a bad idea

People like to stick with what they know. Your home may be your most valuable asset, but that does not mean it is your best investment, according to CNBC commentator and co-editor of the new book, “How I Invest My Money.” And the equity in your home can be misleading. “It’s really a form of … Read more