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Search resuls for: "Imani Moise"


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How 20 Seconds Can Make You a Better Investor
  + stars: | 2023-03-02 | by ( Imani Moise | ) www.wsj.com   time to read: 1 min
To break the day-trading habit that cost him money, friendships and sleep, crypto fund manager Thomas Meenik first tried meditation and cycling. They proved no substitute for the high he got scrolling through investing forums, he said. He installed software that imposed a 20-second delay whenever he tried to open CoinStats or Tradeweb . Twenty seconds might not seem like much, but feels excruciating in smartphone time, he said. As a result, he checks his accounts 60% less.
Madonna sang the praises of nonfungible tokens, or NFTs, depicting cartoon portraits of bored apes. Tampa Bay Buccaneers quarterback Tom Brady appeared in commercials endorsing crypto exchange FTX, which collapsed suddenly in November. And Kim Kardashian gushed about EMAX tokens on Instagram. Now they and other celebrities are facing civil lawsuits from investors who suffered losses on virtual assets, as well as scrutiny by regulators for allegedly duping the investing public. The legal actions, which have prompted some agents to caution their clients against financial endorsements, could clarify the ground rules for crypto promotions, as well as the hurdles investors must clear to hold promoters liable when investments go south.
Six Ways to Protect Your Money in 2023
  + stars: | 2022-12-23 | by ( Imani Moise | Joe Pinsker | Ashlea Ebeling | ) www.wsj.com   time to read: 1 min
The highest inflation in four decades. A bear market in stocks. The past year was a trying one for American households. It strained their budgets, reduced their spending power and clobbered their 401(k) balances. Despite a recent burst of positive news—moderating gas prices and a slowing pace of inflation—many believe the economy will be in worse shape in 2023 than it is now.
The company that runs Zelle said fraud and scam payments represent less than 0.1% of payments across the network. Community banks and credit unions might drop out of partnerships with instant-payment apps like Zelle if required to reimburse customers who fall victim to scams, two industry trade groups said. Facing pressure from lawmakers and regulators to do more to protect customers from fraud, the seven large banks that own Zelle are working on a plan to standardize refunds for customers duped into sending money. Scams using instant-payment apps like Zelle, Venmo and CashApp are expected to cost Americans $3 billion by 2026, up from $1.6 billion in 2021, according to a recent report by ACI Worldwide, a payments-software company.
Many Americans unable to buy a home right now are renovating their rentals instead. Resigned to stay in place until the housing market improves and unwilling to live with dull décor, renters are swapping out fixtures, landscaping terraces and ordering custom furnishings. Online furniture retailer Wayfair Inc. said bookings for easily reversible add-on services like installing new doorknobs and drawer pulls have tripled since last year.
Black Friday shoppers at Macy’s in New York in 2021; a spending spree might be riskier this year as the chance of a recession looms, financial advisers said. Americans say they will rein in spending this Black Friday, but to avoid busting their budgets, shoppers should do even more planning than usual, experts suggest. With high inflation and economic uncertainty dampening the usual holiday cheer, shoppers say they want to take a more frugal approach to gift giving, according to The Conference Board, a nonprofit research organization.
Why Powerball Jackpot Jumped to a Record $1.9 Billion
  + stars: | 2022-11-08 | by ( Imani Moise | ) www.wsj.com   time to read: 1 min
One lucky ticket in Monday night’s Powerball drawing could win someone a $1.9 billion jackpot, the largest lottery prize in U.S. history. If no one picks the right numbers, the game would tie another record: 40 consecutive drawings without a winner. Big jackpots have become more common and harder to win in recent years. The Multi-State Lottery Association, which runs the Powerball game, made changes to the game in 2015 that lowered the odds of hitting the big jackpot, to 1 in 292 million from approximately 1 in 175 million. The Federal Reserve’s interest rate increases further boosted jackpots, because the advertised award is based on the prize money’s investment in a portfolio of bonds over 30 years.
The Federal Reserve is boosting the Powerball jackpot without even buying a ticket. Since there was no winner in Wednesday night’s drawing, the Powerball prize rose to $1.5 billion, the third-largest lottery jackpot in U.S. history. It is a substantially bigger prize than a year ago, before the Fed began raising interest rates this year to tame inflation. That is because the advertised jackpot is the future value of the prize after being invested in government bonds over 30 years.
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