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Author: Jessica Menton, USA TODAY

Money

Dow slumps nearly 350 points as bond yields climb on Powell’s inflation remarks

March 4, 2021Jessica Menton, USA TODAYComments Off on Dow slumps nearly 350 points as bond yields climb on Powell’s inflation remarks

Stocks posted three straight days of losses Thursday, as comments from Federal Reserve Chair Jerome Powell did little to soothe concerns about a recent rise in bond yields.

Money

How to claim missing stimulus payments with the Recovery Rebate Credit on your 2020 tax returns

February 26, 2021February 26, 2021Jessica Menton, USA TODAYComments Off on How to claim missing stimulus payments with the Recovery Rebate Credit on your 2020 tax returns

If you didn’t receive a direct payment or you received less money than you were eligible for, you may be able to claim the Recovery Rebate Credit.

Money

How will a surge in bond yields affect your mortgage, car loans and 401(k)?

February 25, 2021February 26, 2021Jessica Menton, USA TODAYComments Off on How will a surge in bond yields affect your mortgage, car loans and 401(k)?

Higher bond yields have arrived. Now investors have to consider what, if any, changes to make to their portfolios.

Money

U.S. financial markets closed for Presidents Day

February 14, 2021February 15, 2021Jessica Menton, USA TODAYComments Off on U.S. financial markets closed for Presidents Day

U.S. financial markets are closed on Monday in observance of Presidents Day. Normal trading hours resume Tuesday.

Money

IRS tax season 2021 starts Friday: From stimulus checks to unemployment benefits, here’s what you need to know.

February 12, 2021February 12, 2021Jessica Menton, USA TODAYComments Off on IRS tax season 2021 starts Friday: From stimulus checks to unemployment benefits, here’s what you need to know.

As you start organizing your IRS tax returns for 2020, there are a few key things to keep in mind, from stimulus checks to major deadlines.

Money

‘Looking down their nose at you’: GameStop frenzy showed a fresh contempt for hedge funds. So why do Americans hate them?

February 11, 2021Jessica Menton, USA TODAYComments Off on ‘Looking down their nose at you’: GameStop frenzy showed a fresh contempt for hedge funds. So why do Americans hate them?

In the middle of a pandemic and a slow economic recovery, Americans think they’ve identified their Wall Street villain: Hedge funds.

Money

‘This is life-changing’: Meet the Redditors behind the GameStop saga

February 2, 2021February 2, 2021Jessica Menton, USA TODAYComments Off on ‘This is life-changing’: Meet the Redditors behind the GameStop saga

Members of the r/WallStreetBets Reddit community that’s taken Wall Street by storm discuss the GameStop frenzy and what drove them to scoop up shares.

Money

Move over GameStop. Reddit traders are targeting silver now.

February 1, 2021February 1, 2021Jessica Menton, USA TODAYComments Off on Move over GameStop. Reddit traders are targeting silver now.

Futures contracts for the precious metal jumped 11% on Monday, as the Reddit-fueled buying frenzy spilled over into the commodities market.

Money

GameStop stock surges 400% for the week as Robinhood lifts some trading restrictions

January 29, 2021January 29, 2021Jessica Menton, USA TODAYComments Off on GameStop stock surges 400% for the week as Robinhood lifts some trading restrictions

GameStop shares rebounded Friday, surging 400% for the week while the Dow suffered its worst week since October after a volatile stretch on Wall Street.

Money

A fight is raging in the stock market: Should you worry about your 401(k)?

January 28, 2021Jessica Menton, USA TODAYComments Off on A fight is raging in the stock market: Should you worry about your 401(k)?

Wild swings in GameStop, AMC and Tootsie Roll stocks have sparked concerns that a bubble is growing in the stock market. But is it really?

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