Some investors see a hard landing for the U.S. economy this year resulting from the sharply higher interest rates engineered by the Federal Reserve to quell inflation and tighter credit conditions in the wake of regional bank sector stress, while others note that consumer spending and employment growth remain healthy, but the Federal Reserve’s loan officer survey due on Monday may provide more clarity on which view is more accurate.
: California task force approves sweeping reparations potentially worth billions of dollars
“I’m so tired of my people’s suffering,” one member of the public said at the panel’s second-to-last meeting.
The Moneyist: My wife wants us to spend $5,000 to attend her cousin’s destination wedding. I don’t want to go. Am I being selfish?
“I make a very good living compared to her, and just bought a very expensive new car.”
: SoFi CEO Noto scooped up more stock as it sold off after earnings
SoFi Technologies Inc. Chief Executive Anthony Noto bought up more stock as it sold off in the wake of the company’s most recent earnings report.
Earnings Outlook: PayPal seems on track to ‘clear a low bar.’ Is that enough to help its stock?
E-commerce spending appears to have held up better than expected to start the year, and that could help PayPal when it posts earnings Monday afternoon.
Financial Crime: Ferraris, Land Rovers and millions in bitcoin: Secret Service shuts down cybercrime service that helped steal tens of millions of credit cards
Investigators say Denis Kulkov bought Ferraris, Land Rovers with the millions he made verifying which stolen credit card numbers still worked.
Economic Report: Mortgage rates fall after Fed signals pause in interest-rate hikes. Realtors hope for busy spring housing season.
The 30-year mortgage rate is averaging at 6.39% Freddie Mac said in its latest weekly survey on Thursday.
: Struggling to pay your medical bills? This remedy can cause ‘financial ruin,’ CFPB warns.
Patients being marketed “specialty financial products” to cover medical costs may have better, cheaper options, the Consumer Financial Protection Bureau says.
Mark Hulbert: Are we in the beginning of a new bull market? The odds are against it.
My monthly contrarian update of market timer sentiment
FA Center: Stocks and bonds not working for you? These alternatives might help — but pay attention to fees.
‘Alts’ — including non-traded real estate, private debt, venture capital and hedge funds — can diversify your portfolio.
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