Monthly Archives: July 2022

FBI warns against fake crypto apps that have already stolen millions

The Federal Bureau of Investigation (FBI) is warning American citizens to be extra careful when downloading cryptocurrency and investment apps, as some of them are fake and designed only to steal victim’s money. “The FBI has observed cybercriminals contacting US investors, fraudulently claiming to offer legitimate cryptocurrency investment services, and convincing investors to download fraudulent…

The plan to cap the price of Russian crude oil is ‘ridiculous’ and would push prices up further, energy expert says

Russian oil production dropped from February to mid-May, according to Bloomberg figures. picture alliance/Getty Images IAGS co-director Gal Luft said plan to put a price cap on Russian oil was “ridiculous”. Oil prices cannot be forced down artificially, Guft said, and the plan will not work.  Luft thinks the cap will only cause Russia to…

Goldman Sachs president John Waldron says the Fed is making the right moves to tackle inflation – after saying the central bank had lost its credibility at the start of the year

John Waldron Goldman Sachs Mike Blake/Reuters Goldman Sachs President John Waldron is “impressed” with the Fed’s swift interest rate hikes.Waldron previously said the Fed lost credibility when inflation was surging but it wasn’t raising rates.“I think it’s important to reset the price of money in the economy, which is something the Fed is very focused…

A SPAC is a high-risk but potentially profitable way to get in on the ground floor of a new stock

Sir Richard Branson on the floor of the New York Stock Exchange as his SPAC-sponsored Virgin Galactic begins public trading in October 2019. Brendan McDermid/Reuters A Special Purpose Acquisition Company (SPAC) is a company created solely to merge or acquire another business and take it public — a faster alternative to an initial public offering.Investors…

5 alternative investments that can diversify your portfolio beyond stocks, bonds, and cash

Alternative investments can include anything outside the financial asset mainstream, from antique furniture and collectibles to modern buildings to agricultural products and raw materials. Andreas von Einsiedel/Getty Images Alternative investments are financial assets other than the traditional, publicly traded ones (stocks, bonds, and cash).The most common types of alternative investments include real estate, collectibles, commodities,…

Understanding what qualified dividends are and why they’re taxed at lower rates

Remember, not every stock will pay a dividend. ferrantraite/Getty Images A qualified dividend is a dividend that’s taxed at a lower rate for meeting certain criteria. Criteria include shares from domestic corporations and certain qualifying foreign companies, which must be held for a specific period of time. These dividends are taxed federally at the capital…

23 fun Taylor Swift gifts for the Swifties in your life

When you buy through our links, Insider may earn an affiliate commission. Learn more. From memorabilia to lyrical accessories, we’ve rounded up 24 great gifts any Taylor Swift fan will love. sundaisypress/Etsy; RachiesDesigns/Redbubble Taylor Swift fans, or Swifties, as they’re affectionately known, are passionate about all things T-Swift. We’ve found plenty of great gifts for…