today's financial news Archives

What to know about decentralized finance or ‘DeFi’

27/08/2024 by Jerry

In this episode of Crypto Corner, a series that dives into cryptocurrency, Yahoo Finance Producer Joseph Santangelo explores decentralized finance, or ‘DeFi.’ Featuring NextEdgeCrypto Founder Paul Fiore, Bianco Research President and Macro Strategist Jim Bianco, and Yahoo Finance Reporters Brad Smith and David Hollerith. #CryptoCorner #decentralizedfinance #defi Video Transcripts BRAD SMITH: Defi is just decentralized ... Read More

DeFi should complement TradFi, not attack it: Finance Redefined

22/07/2024 by Jerry

Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week. Following FTX’s demise, the DeFi space is up for a complete remodel as crypto users demand better security and compliance practices. SushiSwap’s roadmap for the coming year includes the ... Read More

Nasdaq jumps 2.7% as tech leads Friday inventory rally

10/07/2024 by Jerry

US shares rallied on Friday, closing out the week on an upbeat be aware, led by robust positive factors within the tech sector. The S&P 500 (^GSPC) completed Friday up 1.9%, although it nonetheless closed the week down 0.7%. The Dow Jones Industrial Common (^DJI) elevated 1.0% on Friday. The technology-heavy Nasdaq Composite (^IXIC) closed ... Read More

TikTok is a swamp of bad financial advice, and experts are fighting back

10/07/2023 by Jerry

Breadcrumb Trail Links MoneyWise Canada FutureMoney Some smart and savvy users are cutting through the hype on TikTok and Instagram Author of the article: Published May 17, 2023 • Last updated May 17, 2023 • 5 minute read phBodrova / Shutterstock Article content Dr. Brad Klontz first heard about TikTok through his teen nephews. Advertisements ... Read More

‘If we get a debacle in the financial markets, it will definitely have collateral damage in oil,’ said the analyst

06/05/2023 by Jerry

It’s been a brutal week for oil prices, despite a Friday rebound. Slides in earlier sessions led crude futures to close out their third straight week of losses. The S&P 500 Energy Select Sector ETF (XLE) also rebounded during Friday’s trading day, yet it ended the week down 5.7%. Recession fears drove much of the ... Read More

Lifelong renters need to save 50% more for retirement than homeowners: Study

02/05/2023 by Jerry

A new Mercer Canada study says millennials who are lifelong renters would need to sock away 50% more cash than homeowners in order to save enough for retirement. As the housing market grows more unaffordable, there’s more bad news for young Canadians who feel like they will never own a home. A new study by ... Read More

Wall Street rides to the rescue as 11 banks pledge First Republic $30 billion in deposits

26/03/2023 by Jerry

A group of financial institutions has agreed to deposit $30 billion in First Republic in what’s meant to be a sign of confidence in the banking system, the banks announced Thursday afternoon. Bank of America, Wells Fargo, Citigroup and JPMorgan Chase will contribute about $5 billion a piece, while Goldman Sachs and Morgan Stanley will ... Read More

Amazon is letting employees use their stock to finance home purchases and even second homes

08/03/2023 by Jerry

Amazon has struck a deal with embattled online mortgage lender Better.com to offer up a new benefit to employees. Better.com is launching Equity Unlocker, a program that allows employees to use their vested equity as collateral for a down payment when trying to buy homes. Amazon employees in Florida, New York and Washington State will ... Read More

Private mortgage demand set to rise even further amid higher rates: expert

12/02/2023 by Jerry

Experts say the demand for private mortgages is poised to continue growing this year as tougher lending conditions push more property owners out of the traditional lending system. Private mortgages have become increasingly prevalent in Canada as higher interest rates and tighter financing requirements push more homebuyers out of the traditional lending system, a trend ... Read More