The economy contracted 1.6% in the first quarter and 0.6% in the second. JPMorgan's CEO weighs in on the recession discussion. Many top economists, such as Harvard's Larry Summers, say the economy is likely to enter a recession this year or next, thanks to the large interest-rate increases from the Federal Reserve.

I decided to throw $20 at a slot machine before calling it a night and lost the whole thing. Despite the winnings, I was so bummed to lose that $20 that I never gambled again. The United States Securities and Exchange Commission issued a warning back in August of investment fraud by means of social media.

A Green County judge dismissed an investors lawsuit claiming New Glarus Brewing Co. CEO Deb Carey and the brewery underpaid them when they sold a portion of their ownership in the company in 2019.. Karen Eichhoff, Steven Speer and Roderick Runyan, all early investors in the brewery, claimed the valuation of their stock was fraudulently undervalued at the time…

–Investment fraud is becoming increasingly common. In the last year, the total number of cases has risen by 80 percent, to 89,518. Many times, the fraudsters are looking to prey on unsuspecting investors. They use different tactics to entice investors into these schemes, who don't realize what is happening until it is too late.

The current macroeconomic environment has created a stressful situation for investors and advisors, leading to a sharp decrease in their optimism.

I don't think it's farfetched to say nobody likes taxes. For 2022, the contribution limit is $20,500, unless you're 50 or older, in which case you can add an additional $6,500 in annual catch-up contributions. If you're 50 or older and retirement isn't too far off, it may be time to take advantage of the $27,000 you're allowed to contribute to your 401.

Any 401 can help you save for retirement. A great 401 allows you to save a whole lot more. The difference between a mediocre plan and a great one could translate into tens of thousands of dollars in future retirement money.

In his first inaugural address, in March 1933, President Franklin D. Roosevelt said: "So, first of all, let me assert my firm belief that the only thing we have to fear is fear itself." It was the Great Depression. The unemployment rate was over 25%.

About 40% of all U.S. households in which the head of household is between 35 and 64 years old are expected to run short of money in retirement, according to a 2019 report by the Employee Benefit Research Institute. If that news is not alarming enough, remember we are also living longer than our ancestors. In 1940, the life expectancy of a 65- year-old was almost 14…

While we don't face the specter of another Federal Reserve meeting until November, the central bankers' 75- basis-point rate increase in late September, coupled with their latest round of predictions for interest rates, should be more than enough to spook mortgage lenders. Federal Reserve actions make mortgage rates jump. The Federal Reserve may not yet have…

The Federal Reserve is tasked with being the gatekeeper of our economy. The Fed has just two mandates. It's right on the cusp of a staggering $31 trillion.

She described herself as knowing "zero" about the economy and then proceeded to ask me whether I thought the Federal Reserve would continue raising interest rates to help fight inflation. The Federal Reserve is an immensely powerful organization that is part of our economy's foundation–it's tectonic plates. But the truth is, at this moment, we should all be…

I have been puzzled by the aggressive moves of the Federal Reserve, which it says are designed to curb the rampant inflation we see evidence of each time we walk into a supermarket and buy a staple, not even a luxury item. Lunches which not all that long ago would cost $9 for a tuna salad sandwich and $1.50 for a Sprite now cost $13 for the sandwich and $2.50 for the…

"Several of the most popular retirement Meccas in the U.S., you know, they're the most vulnerable to global climate change and extreme weather, according to researchers," said Marketplace senior economics contributor Chris Farrell in an interview with Marketplace's Sabri Ben-Achour. Sabri Ben-Achour: All right, climate change and retirement planning.

September was a terrible month in the stock market. Investments reacted to the Federal Reserve raising interest rates while they tried to rein in inflation not experienced for 40 years. Last week, Hurricane Ian caused an estimated $250 billion worth of damage.

Mortgage rates reached a 16- year high last week, further dampening demand from home buyers, according to data from the Mortgage Bankers Association released Wednesday. Mortgage applications fell 14.2 percent from the week prior, according to the MBA, amid rising mortgage rates, which stem from the Federal Reserve's persistent interest rate hikes aimed at…

Las Vegas resident Justin Costello, 42, was arrested by an FBI SWAT team in San Diego Tuesday night after several days on the run, according to authorities. A federal arrest warrant was issued for Costello on Sept. 28, in the U.S. District Court, Western District of Washington in Seattle after he was charged with 22 counts of wire fraud and three counts of securities…

The Fed has signaled that more interest rate hikes will likely be necessary to arrest the generationally high consumer price increases we’re currently experiencing.