My front porch was filled with boxes containing all sorts of things: furniture (I needed to redecorate), paper towels (I needed to stock up), crafts (I needed activities), board games (more activities) and a treadmill (I needed exercise).
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Take a look around your place. If your quarantine habits were even a tiny bit like mine, you could turn that clutter into money. Here's how.
Perhaps you purchased more than you ended up using, like board games or video games. Or maybe you bought new products to replace old items and were left with a drawer of discarded technology.
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Debit Card Fraud? Act Fast to Protect Your Money | Personal Finance | roanoke.com
Maybe you see an unfamiliar charge on your bank statement. Or you notice your debit card isn't in its normal place in your wallet. If you suspect bank account fraud, now is the time to take action. Otherwise, any money that's missing may be gone for good. Here's what to do.
If you suspect your card has been lost or stolen, call your bank's fraud hotline right away. This is the most important step to preserve your funds.
If fraudulent charges have been made with your missing card and you file a report with your bank within two business days of discovering them, your bank could subtract up to $50 from your reimbursement, if you receive one. According to the Federal Trade Commission, your maximum loss can be $500 if it's determined you reported the lost or stolen card more than two days after learning about it.
Unlike Robinhood, the best investing apps don't involve day trading - Vox
The recent astronomical rise of meme stocks brought many people to the stock market for the first time, typically through Robinhood , the commission-free stock trading app that has promised to democratize access to the stock market. According to a number of financial advisers, the app appears to be democratizing certain types of risky investing, like day trading. There are potentially less risky — and equally user-friendly — app options out there.
Particularly worrisome are "herding events," including those fomented in Reddit's WallStreetBets community that encouraged hoards of people to invest in certain stocks, like GameStop and AMC.
Fed Officials Saw Easy-Money Policies Remaining in Place - WSJ
Still, they noted "the pandemic continued to pose considerable risks to the economic outlook" and they believed that maintaining their current policies "was essential to foster further economic recovery," the minutes, which were released Wednesday, said.
Officials at the meeting "agreed that the economy remained far from the [Fed's] longer-run goals and that the path ahead remained highly uncertain," the minutes said.
Economic reports released since the meeting show the recovery picked up in the new year as consumers used stimulus checks to boost retail spending, manufacturers continued to increase output and employers resumed hiring.
Other things to check out:
Lightfoot spent $281.5M in federal COVID relief money on Chicago police payroll - Chicago Tribune
Mayor Lori Lightfoot's administration spent $281.5 million in federal COVID-19 relief money on Chicago Police Department personnel costs, prompting an angry response Wednesday from activists and some aldermen.
The number came to light as Lightfoot seeks City Council approval to transfer about $65 million in unspent federal COVID-19 money into the 2021 budget, after the Biden administration waived Federal Emergency Management Agency local funding matches and extended the deadline to spend federal dollars until the end of the year.
Survey shows 44% of people have duped their partners in money matters
Rossman says millennials are the most likely to commit financial infidelity, and it can often lead to a sense of betrayal. “You think, hey, I really thought I knew this person and they’ve been keeping this secret for so long. And chances are they’re gonna find out about it at some point, so I think communicating early and often is a good idea,” he says. One in four people surveyed believe financial infidelity is worse than physical cheating.
Stephon and Christina Chaney were married for a couple of years before they sat down and talked seriously about finances. “I am spending how much on coffee and you are spending how much on lunch?,” Christina says.
Market 'mania' means fast money—for now: Wall Street bull Jim Bianco
According to Wall Street forecaster Jim Bianco, the obsession to take on risk will overpower inflation concerns for at least the next several months.
"It is a mania. I know that word scares people, but it shouldn't," the Bianco Research president told CNBC's " Trading Nation " on Tuesday. "The great thing about a mania is you make a lot of money fast. The hard thing about a mania is getting out with that money."
Bianco suggests it's the wrong time to bail on stocks. He believes the market is early in the manic stage, and he draws a comparison to the 1990s boom.
Australian Open prize money: How much will the winners make in 2021?
The Australian Open has been different in 2021 and that includes the prize money. While the overall prize pool has been increased by approximately $7 million, the amount the winners Down Under will snag has dropped.
In 2021, the total purse will be $61.95 million with the men's and women's singles champ taking home $2.13 million. Last year's winners were awarded $3.12 million.
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Tournament director Craig Tiley says the more even distribution was to help offset the significant costs incurred by players coming to Australia amid a pandemic.
Happening on Twitter
Making Money with Charles Payne Stocks & Bitcoin Pause Disruptive Investments Oil Gushes Millennial Impotence Too… https://t.co/TM0z8vpreg cvpayne (from New Jersey & New York) Tue Feb 16 18:23:25 +0000 2021
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