SoFi Technologies Inc.’s diversified business has helped the company weather changes in lending trends, and those ebbs and flows will be on display again when the neobanking company reports earnings Monday morning. As the student-loan moratorium has weighed on the company’s student lending business and as rising mortgage rates have…
The Federal Reserve on Friday issued its analysis of last month’s failure of Silicon Valley Bank, identifying managerial and regulatory incompetence as well as “a shift in the stance of supervisory policy” following the passage of a 2018 law that eased regulations on midsize banks as the main culprits for…
The last three years have been extremely difficult for Americans on a personal and financial level. As the pandemic finally gave way in 2022, Americans were squeezed by the worst inflation in more than 40 years as turbulent financial markets experienced one of their worst performances in history. They contended…
Of all investors, retirees need to avoid the rookie investment mistake known as “money illusion.” Yet recent evidence suggests that they remain as guilty of it as everyone else. Which is to say they’re very guilty. Money illusion is the term economists use for confusing nominal investment returns with inflation-adjusted,…
Dear Quentin, I am looking for your advice about a tricky family situation. I have a brother in law, “Mark,” who is not financially competent and who still lives at home with his parents, despite being in his mid-40s. Mark has in the past lived on his own with a…
Financial Literacy Month puts a spotlight on the financial knowledge Americans are supposed to know and often don’t. But what about financial knowledge that we think we know, but should reconsider? When it comes to money, we pick up lessons from a mish-mash of sources ranging from parents to TikTok…
Any rescue plan of First Republic Bank that includes sales of its government backed residential mortgage bonds would likely result in “contained damage,” according to Goldman Sachs. First Republic FRC has returned to the spotlight in recent days as reports of a potential rescue effort of the bank emerged, including…
Gold futures ended just below the $2,000 an ounce mark on Friday, gaining a few cents for the session to end higher for the week and the month of April. Investors continued to assess the outlook for the economy, the Federal Reserve’s next moves in interest rates, and developments in…
The Federal Reserve is expected to raise its benchmark interest rate by another quarter of one percentage point on Wednesday, in what could very well be the last rate hike of this cycle, economists said. The 25 basis point move would push the Fed’s benchmark interest rate to a range…
Ares Management Corp.’s second blank-check stock offering added $50 million in stock to bring its total proceeds to $500 million for a successful debut, in a sign of healthy demand in the face of a choppy market. Ares Acquisition Corp. II AACT.UT debuted April 21 at $10 a share as…