Stock futures inch lower ahead of September’s jobs report

Stock futures slipped in overnight trading Thursday as investors looked ahead to September’s jobs report for further clues into the Federal Reserve’s tightening campaign. Futures tied to the Dow Jones Industrial Average shed 12 points, or 0.04%, while S&P 500 futures dipped 0.15%. Futures tied to the Nasdaq 100 slipped 0.29%. Advanced Micro Devices’ stock … Read more

As more people go cashless, here’s how much money to keep in your wallet

Cold, hard cash could be going by the wayside for many Americans when it comes to routine transactions like paying for groceries or gas. Even so, it’s still important to keep some cash in your wallet, experts say. The cashless economy trend is not necessarily new, but it is gaining momentum, according to new research … Read more

The 401(k) industry launches rollover plan for old retirement accounts

JGI | Jamie Grill | Blend Images | Getty 401(k) plans hold a whopping $7.7 trillion in retirement savings. But cash-outs of small accounts pull billions from the system each year and can harm investors’ chances of a secure retirement, research shows. A trio of the industry’s largest 401(k) administrators — Fidelity Investments, Vanguard Group … Read more

How free-to-play and in-game purchases took about video games

In this weekly series, CNBC takes a look at companies that made the inaugural Disruptor 50 list, 10 years later. Amid the popularity of free-to-play, downloadable games and gaming platforms like “Fortnite,” “League of Legends,” and Roblox, it’s become extremely rare that a high-profile video game is released now without some sort of recurring payment … Read more

Celsius’ executives withdrew millions before freeze on customer funds

Alex Mashinsky, Celsius CEO on stage in Lisbon for Web Summit 2021 Piaras Ó Midheach | Sports file | Getty Images Top executives at bankrupt crypto lender Celsius Network took out more than $30 million in assets prior to the company halting withdrawals of customer funds, according to a new court filing. Late Wednesday, Celsius … Read more

Growing share of car buyers pays $1,000 or more a month for loans

Skynesher | E+ | Getty Images A growing share of car buyers are signing up for monthly loan payments of $1,000 or more amid rising interest rates and elevated auto prices, new research shows. Overall, 14.3% of consumers who financed a new vehicle in the third quarter committed to payments at or above that amount, … Read more

Consumers prioritize Netflix, Amazon Prime over groceries and gas

Netflix may as well be a necessity. Even as Americans cut back in the face of rising prices and recessionary fears, fewer want to give up their streaming subscriptions, especially when it comes to TV, movies and music services, such as Amazon Prime, Netflix and Spotify. related investing news Is it time to buy the … Read more

How to invest heading into a recession, according to top-ranked advisors

Investors have recently witnessed some of the worst trading days since 2020. Stocks took a dive in September over fears the Federal Reserve’s aggressive rate hike cycle will cause the economy to stall, but with more hikes to come, along with slowing growth, geopolitical unrest and persistent inflationary pressure, this could be a prolonged period … Read more

Luna founder Do Kwon faces passport freeze after crypto collapse

South Korean authorities are seeking the judgment of Do Kwon, co-founder and chief executive officer of Terraform Labs. His company is behind the now-collapsed terraUSD and luna cryptocurrencies. South Korean prosecutors are now seeking to freeze bitcoin linked to Kwon. Woohae Cho | Bloomberg | Getty Images South Korean authorities on Thursday began the process … Read more

Buy the dip on cheap stocks amid so-called relief rally

Stocks around the world have taken a beating this year, and major indexes on Wall Street remain deep in negative territory. Wall Street is coming off a tough month, with the Dow and S & P 500 notching their biggest monthly losses since March 2020. The Dow shed 8.8% in September, while the S & … Read more