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It's impossible to name one single best credit card, given the wide range of benefits, rewards, and annual fees available. Best secured rewards card for building credit Intro Offer Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Best business credit card Intro Offer Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Read our review Read Our Review A looong arrow, pointing rightBest secured rewards card for building credit Discover it® Secured Credit Card 5 /5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star 5 out of 5 Stars Intro offer Unlimited Cashback Match – only from Discover. Show more Regular Annual Percentage Rate (APR) 25.99% Variable Editor's Rating 5 /5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star 5 out of 5 Stars Our editor's ratings analyze fees, bonuses, rewards, and benefits to highlight the simplest and most valuable credit cards available.

☆ Factbox: From Genesis to Voyager, crypto firms' exposure to FTX is coming to light
▼ + stars: | 2022-11-14 | by ( ) www.reuters.com time to read: +6 min

REUTERS/Dado Ruvic/Illustration/File PhotoNov 17 (Reuters) - After major crypto exchange FTX filed for U.S. bankruptcy protection on Friday, the crypto industry is bracing for further fallout. While the extent of the contagion across crypto markets remains unclear, here are some firms that have given information about their exposure to FTX. GENESISThe crypto lending arm of U.S. digital asset broker Genesis Trading suspended customer redemptions on Wednesday, citing the sudden failure of FTX. It said it had no exposure to FTT, no exposure to Alameda Research and no loans to FTX. COINSHARESCrypto asset manager CoinShares has $30.3 million worth of exposure to crypto exchange FTX, CoinShares said in a statement on Nov. 10.

☆ Before his epic fall, Sam Bankman-Fried was hailed as a crypto genius. Some clients saw smoke and mirrors.
▼ + stars: | 2022-11-11 | by ( Gretchen Morgenson | Gretchen Morgenson Is The Senior Financial Reporter For The Nbc News Investigative Unit. A Former Stockbroker | She Won The Pulitzer Prize In For Her | ) www.nbcnews.com time to read: +14 min

Until a few days ago, Sam Bankman-Fried was the king of crypto. “I’m sorry I didn’t do better,” Bankman-Fried said Tuesday in a message to investors reviewed by NBC News. The contentions of the people who spoke with NBC News are echoed in a 2019 lawsuit brought in federal court against FTX Alameda, Bankman-Fried and other executives. But the crypto market does not have the protections or price transparency found in listed stock markets, for example. FTX and Alameda, as a major crypto exchange and market maker, attracted crypto developers to list their projects for trading.

☆ What We Know—and Don’t Know—About Tether’s Books
▼ + stars: | 2022-11-11 | by ( Jonathan Weil | ) www.wsj.com time to read: 1 min

Tether, the world’s largest stablecoin, has surged in popularity in the past two years. Now that tether has broken the buck again, questions are swirling about whether the stablecoin can maintain investor confidence in the midst of the meltdown in the cryptocurrency market. Tether fell as low as 97.7 cents Thursday, according to CoinDesk, after which it quickly rebounded to its intended $1 peg. Paolo Ardoino , chief technology officer of Tether Holdings Ltd., said on Twitter that it had been processing redemptions with “no issues” and “we keep going.”

The new 80,000-point bonus on the Chase Sapphire Reserve card will end December 1, 2022, at 9 a.m. Eastern Time. You can use your Chase Sapphire Reserve travel credit toward expenses like airport parking and online travel agencies. Sapphire Reserve cardholders get airport lounge accessChase Sapphire Reserve® cardholders receive a complimentary Priority Pass Select membership, which gets them access to more than 1,300 airport lounges worldwide. The Chase Sapphire Reserve increases the value of your Chase pointsIf you already have other Chase cards that earn Chase Ultimate Rewards points, including no-annual-fee cards like the Chase Freedom Flex℠ and Chase Freedom Unlimited®, you can combine your points into your Chase Sapphire Reserve® account and unlock better redemption options. Chase Sapphire Reserve application restrictionsLike other Chase cards, the Chase Sapphire Reserve® is subject to application restrictions, most notably the Chase 5/24 rule.

☆ Turkey central bank firms grip on lira as election approaches
▼ + stars: | 2022-11-11 | by ( Nevzat Devranoglu | ) www.reuters.com time to read: +5 min

[1/2] A logo of Turkey's Central Bank is pictured at the entrance of its headquarters in Ankara, Turkey October 15, 2021. Unlike past schemes to support the lira, the central bank no longer needs to constantly tap its own reserves, according to 10 bankers and economists and one Turkish official. The central bank declined to comment for this article, but senior officials and President Tayyip Erdogan have regularly praised the new regulations. Bankers' calculations show the central bank has obtained about $100 billion this year under the new policy. Yet the central bank told bank executives this week it will continue with its regulations and policies, despite their criticism, according to sources at the meetings.

☆ These mutual funds are planning to hit investors with capital gains distributions. How to decide the right move for you
▼ + stars: | 2022-11-11 | by ( Michelle Fox | ) www.cnbc.com time to read: +6 min

There may be some pain ahead for mutual fund investors in the form of capital gains taxes. "That means funds that have suffered steep falls this year could still distribute capital gains to investors," Welch said. John Hancock will pay double-digit capital gains distributions on several of its funds. Almost a dozen Nuveen funds will make 5% to 10% capital gains distributions, while twice that number of T. Rowe price funds will pay out between 4% and 21%. Passively managed funds may have distributions but they tend to be smaller than actively managed funds, Benz pointed out.

☆ Chase Sapphire Reserve card review: One of the best premium travel cards now offers an 80,000-point bonus (worth at least $1,200 in travel), but it won't be around for long
▼ + stars: | 2022-11-11 | by ( David E. Slotnick | Senior Reporter | Read More | ) www.businessinsider.com time to read: +43 min

How to earn points with the Chase Sapphire ReserveThe Chase Sapphire Reserve has one of the most rewarding earning structures of any premium travel card. Chase also offers an easy option for redeeming points on the Chase Sapphire Reserve and the Chase Sapphire Preferred® Card. You get a 50% bonus in value with the Chase Sapphire Reserve — so, 1.5 cents per point — and a 25% bonus if you have the Chase Sapphire Preferred® Card. This includes the Ink Business Preferred® Credit Card , Ink Business Unlimited® Credit Card, Ink Business Cash® Credit Card, Chase Freedom Unlimited®, and Chase Freedom Flex℠. Also, note that you cannot open a Chase Sapphire Reserve if you currently hold any flavor of Chase Sapphire card.

☆ Infinity Q fund settles with U.S. regulator over asset inflation
▼ + stars: | 2022-11-10 | by ( ) www.reuters.com time to read: +2 min

Nov 10 (Reuters) - The U.S. Securities and Exchange Commission on Thursday tentatively settled civil charges against an Infinity Q Capital Management mutual fund over its founder's alleged scheme to inflate the fund's value. In papers filed in federal court in Manhattan, the SEC and Infinity Q Diversified Alpha Fund asked a judge to appoint a special master to oversee the fund's ongoing liquidation. Attorneys for the fund and Infinity Q did not immediately reply to requests for comment. Before it suspended investor redemptions in February 2021, the Diversified Alpha Fund's assets were valued at $1.73 billion. The case is SEC v. Infinity Q Diversified Alpha Fund, U.S. District Court, Southern District of New York, No.

☆ Tether stablecoin loses its dollar peg as contagion from FTX's collapse spreads through the crypto market
▼ + stars: | 2022-11-10 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

Tether briefly lost its dollar peg on Thursday after the implosion of FTX shook the confidence of the entire crypto market. Tether is the third largest cryptocurrency with a current market value of about $70 billion. The development is unsettling because it adds to concerns of contagion spreading throughout the crypto market as trust declines considerably. Tether, which is the third largest cryptocurrency and the world's largest stablecoin, fell to a low of $0.98 in Thursday morning trades before it recovered most of those losses. Responding to the downfall of FTX, Tether co-founder William Quigley told CNBC on Wednesday that crypto exchanges and currencies shouldn't lever up highly volatile assets with debt.

It's impossible to name one single best credit card, given the wide range of benefits, rewards, and annual fees available. The best credit cards of 2022 Wells Fargo Active Cash® CardChase Freedom Unlimited®Wells Fargo Autograph℠ CardChase Sapphire Preferred® CardCapital One Venture Rewards Credit CardCapital One Venture X Rewards Credit CardCiti Custom Cash℠ CardChase Sapphire Reserve®Capital One SavorOne Cash Rewards Credit CardU.S. Bank Altitude® Connect Visa Signature® CardChase Freedom Flex℠Discover it® Cash BackU.S. Bank Cash+® Visa Signature® CardCapital One QuicksilverOne Cash Rewards Credit CardCiti® Double Cash CardCiti Premier® CardWells Fargo Reflect® CardDiscover it® Secured Credit CardInk Business Preferred® Credit CardCapital One SavorOne Student Cash Rewards Credit Card Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Best secured rewards card for building credit Intro Offer Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Best business credit card Intro Offer Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Read our review Read Our Review A looong arrow, pointing rightBest secured rewards card for building credit Discover it® Secured Credit Card 5 /5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star 5 out of 5 Stars Intro offer Unlimited Cashback Match – only from Discover.

☆ SEC pushes ahead with slate of proposals to boost corporate reporting, disclosure requirements
▼ + stars: | 2022-11-02 | by ( Bob Pisani | ) www.cnbc.com time to read: +2 min

A flag outside the U.S. Securities and Exchange Commission headquarters in Washington, D.C., U.S., on Wednesday, Feb. 23, 2022. While Washington is consumed with the elections next week, the Securities and Exchange Commission is continuing to consider numerous rulemaking proposals that could significantly increase the reporting and disclosure requirements of corporate America. The SEC is considering two proposals Wednesday. These proposals are moving slowly from the "proposed" stage to the "adopted" stage; all or part of his agenda could be adopted in 2023. There is likely to be vociferous pushback on more controversial proposals such as climate disclosure.

Then, once you've improved your credit score by using a credit card responsibly, it can be easier to upgrade to more lucrative rewards credit cards. $0 Annual Fee View Full Details Learn moreBest for rotating bonus categories Discover it® Student Cash Back 5 /5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star 5 out of 5 Stars Intro offer Unlimited Cashback Match - only from Discover. Best for choosing your own bonus category: Bank of America Customized Cash Rewards for StudentsThe Bank of America® Customized Cash Rewards Credit Card for Students offers one of the most generous welcome bonuses of any student credit card. If you prefer a more hands-off approach, flat-rate rewards cards such as the Capital One Quicksilver Student Cash Rewards Credit Card or Bank of America® Travel Rewards Credit Card for Students could be a better pick. After you graduate, your card issuer may convert your student credit card into an equivalent, regular credit card.

☆ Ammunition tech firm TV Ammo to go public in $1.2 billion blank-check deal
▼ + stars: | 2022-11-01 | by ( ) www.reuters.com time to read: +1 min

Nov 1 (Reuters) - Ammunition technology company TV Ammo Inc will merge with blank-check firm Breeze Holdings Acquisition Corp (BREZ.O) in a deal that values the combined entity at $1.21 billion, the companies said on Tuesday. The transaction is expected to generate cash proceeds of about $76.8 million, assuming there are no redemptions from the trust account of the blank-check or special-purpose acquisition company (SPAC). The De-SPAC Index (.DESPACTR) that tracks a basket of companies that have listed through SPAC mergers is down roughly 65% so far this year. A SPAC is a listed shell company that merges with a private company, taking it public in the process. After the deal closes, expected towards the first quarter of 2023, Breeze Holdings will be renamed "True Velocity Inc".

$0 Annual Fee View Full Details $0 Annual Fee Apply now On Wells Fargo's websiteWells Fargo Active Cash® Card Apply now On Wells Fargo's website Best card for flat-rate cash rewards earning Details Rewards Earn unlimited 2% cash rewards on purchases. Show more Regular APR 18.99% - 25.99% Variable Editor's Rating 4.8 /5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star 4.8 out of 5 Stars Our editor's ratings analyze fees, bonuses, rewards, and benefits to highlight the simplest and most valuable credit cards available. Show more Regular APR 19.99% - 26.99% Variable Editor's Rating 4.65 /5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star 4.65 out of 5 Stars Our editor's ratings analyze fees, bonuses, rewards, and benefits to highlight the simplest and most valuable credit cards available. Show more Regular APR 25.99% Variable Editor's Rating 5 /5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star 5 out of 5 Stars Our editor's ratings analyze fees, bonuses, rewards, and benefits to highlight the simplest and most valuable credit cards available. $0 Annual Fee View Full Details Learn moreBest card for college students Capital One SavorOne Student Cash Rewards Credit Card 4.2 /5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star 4.2

☆ Why this could be the best opportunity in years to buy investment grade corporate bonds
▼ + stars: | 2022-10-27 | by ( Michelle Fox | ) www.cnbc.com time to read: +7 min

The Bloomberg Corporate Index , which measures the investment grade corporate bond market, has lost 19.97% year to date, as of Tuesday's close, while the S & P 500 is down 19.03%. Many believe that's created an opportunity to move into investment-grade corporate bonds. Investors can buy corporate bonds in $1,000 increments or through a diversified exchange traded fund. Investing in a fund One way to get exposure to the corporate bond market is through an ETF, such as the iShares iBoxx $ Investment Grade Corporate Bond ETF . Corporate investment grade debt funds have seen $139.7 billion in outflows so far this year, according Refinitiv Lipper.

☆ Brazil's public debt drops for third straight month in September
▼ + stars: | 2022-10-26 | by ( ) www.reuters.com time to read: +1 min

BRASILIA, Oct 26 (Reuters) - Brazil's federal public debt fell for the third consecutive month in September, official data showed on Wednesday, with the net redemption of bonds again reducing the government's liquidity reserve. According to the Treasury, bond redemptions exceeded issuances by 76.4 billion reais ($14.29 billion). At the same time, interest payments on public debt reached 47.2 billion reais. As a result, the stock of federal public debt fell by 29.4 billion reais over August to 5.752 trillion reais. Given the recent inflationary relief in Brazil, the yield on inflation-linked bonds decreased, leading the average interest rate on the issuance of domestic federal debt to fall to 11.7% in September from 11.9% in August.

Chase; InsiderThe Chase Sapphire Preferred® Card is a great entry-level card if you're new to credit card rewards. The Chase Sapphire Preferred® Card pairs well with other cards that earn Chase Ultimate Rewards® points. But here I am, telling you that the Chase Sapphire Preferred® Card credit card is the best travel credit card for people new to points and miles. Because of my travel habits, the Chase Sapphire Reserve® would have likely given me more value than the Chase Sapphire Preferred® Card. I'll get the Chase Sapphire Preferred® Card's premium sibling soon, but for now, I'll enjoy and continue to get great value out of my Chase Sapphire Preferred® Card.

Best overall for travel rewards Annual Fee Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Best small-business travel rewards card Annual Fee Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Show more Regular APR 18.24% - 25.24% Variable Editor's Rating 4.8 /5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star 4.8 out of 5 Stars Our editor's ratings analyze fees, bonuses, rewards, and benefits to highlight the simplest and most valuable credit cards available. Show more Regular APR 19.99% - 26.99% Variable Editor's Rating 4.65 /5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star 4.65 out of 5 Stars Our editor's ratings analyze fees, bonuses, rewards, and benefits to highlight the simplest and most valuable credit cards available. That's $1,200 toward travel when you redeem through Chase Ultimate Rewards®$300 Annual Travel Credit as reimbursement for travel purchases charged to your card each account anniversary year.

☆ Hedge funds see $26 bln in net outflows in Q3 - HFR
▼ + stars: | 2022-10-20 | by ( ) www.reuters.com time to read: 1 min

NEW YORK, Oct 20 (Reuters) - Global investors redeemed $26 billion from hedge funds in the third quarter, in the second consecutive quarter of net asset outflows, industry data provider HFR said on Thursday. In the year, investors pulled out $33.7 billion from hedge funds worldwide, HFR showed, as poor performance has spooked pension funds, endowments and family offices. The HFRI fund-weighted composite index is down 6.66% this year through September, as portfolio managers struggle to navigate highly volatile markets. Assets in the hedge fund industry fell almost $220 billion since the end of 2021, to $3.7 trillion, hit by poor performance and redemptions. Register now for FREE unlimited access to Reuters.com RegisterReporting by Carolina Mandl, in New YorkOur Standards: The Thomson Reuters Trust Principles.

Read our review Read Our Review A looong arrow, pointing rightThe Blue Cash Everyday® Card from American Express is a solid cash-back card with no annual fee. The Blue Cash Everyday® Card from American Express earns cash back on every purchase, with no annual fee. Blue Cash Everyday card benefits and featuresBecause the Blue Cash Everyday® Card from American Express is fairly basic, there aren't a lot of the ancillary benefits that come with some other cards. Read our review Read Our Review A looong arrow, pointing rightBlue Cash Everyday fees and costsThe Blue Cash Everyday® Card from American Express has no annual fee but does charge a variety of other fees. The Blue Cash Everyday® Card from American Express could be worth it, depending on where you spend the most money.

☆ Chase Pay Yourself Back gets you up to 50% more value when you redeem points for Airbnb, dining, phone, internet, and more — here's how it works
▼ + stars: | 2022-10-20 | by ( Holly Johnson | Jasmin Baron | Freelance Writer | ) www.businessinsider.com time to read: +17 min

You'll get 50% more value with the Chase Sapphire Reserve®, and 25% more with the Chase Sapphire Preferred® Card and Ink Business Preferred® Credit Card. Here's what to know about Pay Yourself Back to help you decide if you want to redeem your Chase Ultimate Rewards® points this way. Let's say for a moment that you have 50,000 Chase Ultimate Rewards points in your Chase Sapphire Reserve® account. You'll also earn 10x points on Lyft rides with the Chase Sapphire Reserve® and 5x points on Lyft rides with the Chase Sapphire Preferred® Card through March 2025. Pair Chase cards for even more valueIf you have a Chase Sapphire Reserve® or Chase Sapphire Preferred® Card, you should also consider applying for another Chase card that could help you maximize this benefit.

Liontrust reported net outflows of 1.6 billion pounds ($1.80 billion) in the July-September quarter, while Man Group posted net outflows of $500 million, compared with a $900 million consensus forecast. Quilter saw net inflows slow to 200 million pounds in the third quarter, compared with 1 billion pounds last year, while Rathbones' net inflows came in at 67 million pounds, following 1.43 billion pounds in outflows. Shares of Man Group dropped 5.3%, while Quilter shares shed 5%. Quilter's AUM at the quarter end was down by 1.8 billion pounds to 96.9 billion pounds. Rathbones' AUM fell to 57.9 billion pounds from 58.9 billion pounds at June-end, while Liontrust's slipped to 31.7 billion pounds over the same period.

Crystal Cox/Business InsiderCredit card rewards come in all types, from cash back, airline miles, hotel points, and transferable points. Among people well versed in rewards credit cards, there's a bit of common knowledge: Not all rewards points are created equal. However, if you transferred your Chase Ultimate Rewards points to United, you could potentially book the same flight for half as many points. But when you have the Chase Sapphire Preferred® Card or Ink Business Preferred® Credit Card, you get a 25% bonus in value. Best credit cards for earning transferable pointsThe best transferable-point credit card for you depends on what credit card rewards program is most appealing.

Compare the Chase Sapphire cards Chase Sapphire Preferred® CardChase Sapphire Reserve® Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Apply now On Chase's website Apply now On Chase's websiteThe Chase Sapphire Preferred® Card and Chase Sapphire Reserve® got makeovers last year, adding new or improved bonus categories and additional benefits. Neither card got an annual fee increase: You'll still pay $550 per year for the Chase Sapphire Reserve® and $95 for the Chase Sapphire Preferred® Card. While the Chase Sapphire Preferred® Card costs only $95 a year, the Chase Sapphire Reserve® has an annual fee of $550. The Chase Sapphire Preferred® Card fee is $95, while the Chase Sapphire Reserve® fee is $550.

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