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Author: Jessica Menton, USA TODAY

Money

Dow slumps nearly 350 points as bond yields climb on Powell’s inflation remarks

March 4, 2021March 4, 2021 Jessica Menton, USA TODAY Comments Off on Dow slumps nearly 350 points as bond yields climb on Powell’s inflation remarks

Stocks posted three straight days of losses Thursday, as comments from Federal Reserve Chair Jerome Powell did little to soothe concerns about a recent rise in bond yields.

Money

How to claim missing stimulus payments with the Recovery Rebate Credit on your 2020 tax returns

February 26, 2021February 26, 2021 Jessica Menton, USA TODAY Comments Off on How to claim missing stimulus payments with the Recovery Rebate Credit on your 2020 tax returns

If you didn’t receive a direct payment or you received less money than you were eligible for, you may be able to claim the Recovery Rebate Credit.

Money

How will a surge in bond yields affect your mortgage, car loans and 401(k)?

February 25, 2021February 26, 2021 Jessica Menton, USA TODAY Comments Off on How will a surge in bond yields affect your mortgage, car loans and 401(k)?

Higher bond yields have arrived. Now investors have to consider what, if any, changes to make to their portfolios.

Money

U.S. financial markets closed for Presidents Day

February 14, 2021February 14, 2021 Jessica Menton, USA TODAY Comments Off on U.S. financial markets closed for Presidents Day

U.S. financial markets are closed on Monday in observance of Presidents Day. Normal trading hours resume Tuesday.

Money

IRS tax season 2021 starts Friday: From stimulus checks to unemployment benefits, here’s what you need to know.

February 12, 2021February 12, 2021 Jessica Menton, USA TODAY Comments Off on IRS tax season 2021 starts Friday: From stimulus checks to unemployment benefits, here’s what you need to know.

As you start organizing your IRS tax returns for 2020, there are a few key things to keep in mind, from stimulus checks to major deadlines.

Money

‘Looking down their nose at you’: GameStop frenzy showed a fresh contempt for hedge funds. Why do Americans hate them?

February 11, 2021February 11, 2021 Jessica Menton, USA TODAY Comments Off on ‘Looking down their nose at you’: GameStop frenzy showed a fresh contempt for hedge funds. Why do Americans hate them?

In the middle of a pandemic and a slow economic recovery, Americans think they’ve identified their Wall Street villain: hedge funds.

Money

GameStop stock plummets 60%, shedding two-thirds of its value in two days after meteoric rise

February 2, 2021 Jessica Menton, USA TODAY Comments Off on GameStop stock plummets 60%, shedding two-thirds of its value in two days after meteoric rise

GameStop tumbled 60% Tuesday in its latest bout of extreme volatility, with shares shedding two-thirds of their value in two days.

Money

‘This is life-changing’: Meet the Redditors behind the GameStop saga

February 2, 2021February 2, 2021 Jessica Menton, USA TODAY Comments Off on ‘This is life-changing’: Meet the Redditors behind the GameStop saga

Members of the r/WallStreetBets Reddit community that’s taken Wall Street by storm discuss the GameStop frenzy and what drove them to scoop up shares.

Money

Move over, GameStop: Reddit traders are targeting silver now

February 1, 2021February 1, 2021 Jessica Menton, USA TODAY Comments Off on Move over, GameStop: Reddit traders are targeting silver now

Futures contracts for the precious metal jumped 9.3% on Monday, as the Reddit-fueled buying frenzy spilled over into the commodities market.

Money

GameStop stock surges 400% for the week as Robinhood lifts some trading restrictions

January 29, 2021 Jessica Menton, USA TODAY Comments Off on GameStop stock surges 400% for the week as Robinhood lifts some trading restrictions

GameStop shares rebounded Friday, surging 400% for the week while the Dow suffered its worst week since October after a volatile stretch on Wall Street.

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Headlines

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1 dead, 18 injured after collision between car, Greyhound bus in Maryland, police say

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College professor harassed students to quench ‘clown fetish,’ offering extra credit, cash

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USA TODAY Sports staff makes college football picks: Check out the predictions for 2023

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Many homeless among dead in fire in Johannesburg, South Africa

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