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Latest In Finance Opinion
Carvana Faces Stock Plunge As Used Car Sales Drop
Shares of the online car retailer Cavana dropped more than 50% over the past two days while dropping 18% in early trading on Monday morning. Wall Street is questioning the company’s business model after a mixed third quarter. Carvana reported a loss of $186 million for the fourth quarter, and analysts are not happy about
Sen. Warren Accuses Wells Fargo CEO Of Dodging Questions
CEO Charles Scharf told Burr that the bank’s answers to fraud-related queries about Zelle were “misleading, insulting, and useless.” The Massachusetts Democrat, who chairs the Senate Banking Committee, says that customers at Wells Fargo who use Zelle report fraud or scams more than twice as high as other big banks. She said Wells Fargo also
Berkshire Hathaway Talks Stocks As Other Companies See Movement As Well
Despite recent recession fears, Berkshire Hathaway’s third-quarter operating profits were up. Meanwhile, Warren Buffett continued to buy his stock at a moderate pace. The Omaha-based company made a total of $7.761 billion in the third quarter, up 20% from last year’s period. Insurance-investment income increased to $1.408 billion this year, up from $1.161 billion in
Federal Authorities Seize $3.36 Billion Worth of Bitcoin
On Monday, the Department of Justice announced that it had seized $3.36 billion in stolen bitcoin in a previously unannounced raid on the residence of James Zhong. Friday, Zhong pleaded guilty to wire fraud. This act is punishable by up to twenty years in prison. According to the Department of Justice, U.S. authorities seized about
The European Union Has Serious Issues With Biden’s Inflation Reduction Act
CNBC reported on an EU document that shows that the bloc has “serious concerns” about the U.S. Inflation Reduction Act, which “breaches international trade rules.” The Inflation Act stated it would use $1.5 billion of its funds to improve its national laboratories. However, the EU saw this act in a different scope. U.S. Secretary of
Will Metaverse Losses Continue To Skyrocket?
Who could stop Mark Zuckerberg’s expensive pivot from Meta Platforms (META) to the metaverse? It’ll have to be one of the investors who hold the most significant losses. A recent Investor’s Business Daily analysis found that just ten investors, excluding Mark Zuckerberg, own the largest chunk of Facebook. That’s more than even Zuckerberg owns, at
Best Budgeting Software For Small Business
Finding the best budgeting software for small business can be a game changer for an entrepreneur. The budgeting process can be tedious and complicated for many small companies, taking up excessive time. If you’re not careful, it can also be effortless to lose track of where your money is going—or not going—and how much cash
Can Debt Stop Me From Leaving The Country? Know In Advance
Can debt stop me from leaving the country? If you’re planning on traveling abroad, chances are you’ve already started thinking about how to get there. But before you book your flights, ensure that your debt will not keep you from leaving the country. Traveling overseas can be complicated, and owing monies to an organization may
How To Improve Your Credit Score Using A Joint Account
Are you wondering how to improve your credit score using a joint account? If you’re looking to improve your credit score, one of the best things you can do is open a joint account with someone who has good credit. This will help improve your credit mix, which is one of the five factors that
Can Debt Keep You From Joining The Military? Know Before You Apply
The military is a great way to serve your country and get access to excellent benefits, but can debt keep you from joining the military? Unfortunately, the answer is yes. If you have any kind of significant debt, it could disqualify you from enlisting. There are a few reasons for this. First, the military requires
How Do You Keep Track Of Bills And Budgets The Easy Way?
How do you keep track of bills and budgets? Let’s take a look. In today’s world, it’s more important than ever to keep track of your bills and budgets. With the cost of living rising and the economy in flux, it’s essential to know where your money is going. There are a number of ways
Improve Your Credit Score By Paying Your Rent On Time
Did you know you can improve your credit score by paying your rent on time? When you first start in the world of apartment living, it can be challenging to keep up with your bills. There’s rent, utilities, food, and more. If you have problems paying your rent on time, this can make things even
The Latest In Budgeting
Are You Overpaying for Your Groceries?
You’re not imagining it – your grocery bills are increasing. With costs surpassing a 40-year historic high, preparing food at home costs the average American 10% more than it did just one year ago. With the average family spending between $146 and $289 every week on groceries, a trip to the market is quickly sending
What is the 50-20-30 Budget (and does it make sense for you)?
Spreadsheets, percentages, fractions – sometimes determining how to allocate the funds from your paycheck can feel more like a punishment than a privilege. But it doesn’t have to be that way. With strategies like the 50-20-30 budget, you can put your paycheck planning on autopilot. But, like any budget, the 50-20-30 plan isn’t the best
Cha-Ching! How to Save on Your Cell Phone Bill
When Chris, a Finance Opinion analyst, was visiting his parents last week, they took a trip down memory lane and began chatting about the early days of cell phones and the challenges that came along with it (having to monitor their time on the phone when it wasn’t a free night or weekend, for example).
What is a P&L Statement (and do I need one)?
ROI, KPI, MoM; if you’re a new business owner, a lot of these acronyms can sound like mumbo-jumbo. However, as you know, the words behind the acronyms can be key indicators of your business’ success, with one of those key indicators being your business’s Profit and Loss (P&L) statement. A P&L statement is an essential
Considering Declaring Bankruptcy? Read This First
Late payment notices; calls from debt collectors; bills piling up. If you’re struggling with an immense amount of debt that you just can’t seem to crawl your way out of, you may have considered declaring bankruptcy to feel some sense of relief. There’s never one specific reason that makes a person decide to declare bankruptcy
Should You Invest, or Pay Off Debt?
When it comes to paying down debt, the mindset of “the faster, the better” often takes over. But what about preparing for your future? In order to reach long-term investment goals, and reap the benefits of long-term compounding interest on those investments, you need to allocate a dedicated amount of funds each month. So, if
The Latest In Personal Finance
Can Debt Keep You From Joining The Military? Know Before You Apply
The military is a great way to serve your country and get access to excellent benefits, but can debt keep you from joining the military? Unfortunately, the answer is yes. If you have any kind of significant debt, it could disqualify you from enlisting. There are a few reasons for this. First, the military requires
Can Debt Affect Immigration Status? Let’s Take A Look
Can debt affect immigration status is a common question anyone seeking citizenship or residency may ask. No doubt, this is a relevant question, as anything that could affect a person’s chance of receiving a positive immigration status needs sorting beforehand. If you are someone who may be wondering can debt affect my immigration status, then you
What is Escrow?
If you’re new to the home buying process, the first few months can feel like information-overload. From navigating the market and pricing, to learning new financial terms, buying a home can often feel like learning a foreign language. And one of those new words you’ll have to learn is escrow. You’ve likely heard the term,
Savvy Tips to Stick to Your Savings Plan this Summer
There’s no doubt about it: the weather is heating up and Finance Opinion readers are feeling the burn – the wallet burn! From weekend beach getaways, to summer camps for the kids, the warmer months mean more activities and time spent outdoors, which also means more fun that you need to fund. While summertime spending
Are You Netting “Net Worth?”
Here at Finance Opinion, our goal is to help arm our readers with financial information that, unless you work in the industry, you may not otherwise know. Afterall, finance can be daunting, filled with terms that are kind of confusing – “balance sheet,” “financial gains,” “gross profit,” – you get the idea. If you feel
What is an HSA (and is it a Good Fit for You)?
Let’s face it – despite our best intentions (eating a balanced diet, exercising regularly, taking a daily multivitamin), sometimes health can take a turn for the worst, and it can be completely out of our control. That can be pretty scary. What can be even scarier, though, is the healthcare costs that come along with