President Donald Trump has floated that his administration can help ease the housing affordability crisis by creating portable mortgages, 50-year terms — and now funding down payments using your 401(k). On Friday, National Economic Council Director Kevin Hassett told Fox Business that the administration is “going to allow people to …
A sign advertises a Bitcoin ATM at a gas station on July 16, 2025 near Pasadena, California. Mario Tama | Getty Images According to the FBI, $240 million was lost to cryptocurrency ATM scams in the first six months of 2025 — about double the pace of similar scams in …
The Wall Street Bull statue covered in snow on Nov. 15, 2018. Erik Mcgregor | Lightrocket | Getty Images Wall Street expected U.S. mergers and acquisitions to roar back in 2025. The reality was something closer to fits and starts. Following the re-election of President Donald Trump more than a …
As Yieldstreet tries to distance itself from a rocky past with a new name and ad campaign, its customers are dealing with a present reality that is increasingly dire. The private markets investing startup, freshly rebranded as Willow Wealth, last week informed customers of new defaults on real estate projects …
Misha Zaitzeff and Vik Ghei, founders of HoldCo Asset Management, at their Fort Lauderdale, Florida, offices. Courtesy: HoldCo American banks have found an unlikely pair of adversaries in Vik Ghei and Misha Zaitzeff. Since July, the nine-person hedge fund they run from Fort Lauderdale, Florida, called HoldCo, has challenged lenders …
The stock market rebounded this week after seesawing on concerns about U.S.-China trade, the ongoing federal government shutdown, and credit. For the week, the S & P 500 and tech-heavy Nasdaq jumped 1.7% and 2.1%, respectively, after each lost more than 2% the prior week. Late in the week, trade …
The collapse of U.S. auto parts maker First Brands Group is reverberating across the banking sector on both sides of the Atlantic. The company’s rapid demise – which is now unravelling a maze of complex debt agreements held with a range of lenders and investment funds globally – highlights the …
Deep within the bowels of JPMorgan Chase’s data centers and cloud providers, an artificial intelligence program crucial to the bank’s aspirations grows more powerful by the week. The program, called LLM Suite, is a portal created by the bank to harness large language models from the world’s leading AI startups. …
Getting a mortgage is challenging for anyone, but there are additional hurdles if you’re your own boss. Lenders pay stubs, W-2 forms and a record of steady employment. They consider self-employed borrowers riskier and are less likely to approve them for conventional or government-backed mortgages. Read more: How to get a mortgage when …
Wells Fargo has branches all over the country. And yet, the nation’s fourth-largest bank is barely making a dent in the credit card market compared to its larger rivals JPMorgan Chase and Citigroup . A yearslong effort at Wells, aided by the removal this summer of the Federal Reserve’s punitive …
