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Security researchers have uncovered a sophisticated phishing campaign that impersonates the IRS and exploits Musk's name to steal victims' personal and financial information.
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China's Export Growth Slowed Sharply in First Month of Iran War Bloomberg.comChina exports growth in March misses estimates, imports surge most in over four years CNBCChina's export engine stutters as Iran war chills global demand ReutersChina's Oil and Gas Imports Shrink on Persian Gulf Turmoil Bloomberg.com
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The nation's largest bank said it earned record trading profits in the first quarter but tempered expectations overall for its business.
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Investors saw a possible path to peace, with the United States and Iran trading proposals for Iran to suspend nuclear activity.
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US wholesale prices surged 4% last month after the war in Iran sent energy prices soaring AP NewsWholesale prices rose 0.5% in March, much less than expected despite war impact CNBCWholesale inflation rose in March to three year-high CNNProducer-Price Index Climbed in March WSJ
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Another Woman Accuses Eric Swalwell of Sexually Assaulting Her The New York TimesSen. Ruben Gallego alleges Eric Swalwell 'lied' and 'betrayed' him, says he never saw inappropriate behavior NBC NewsNew Eric Swalwell accuser Lonna Drewes says 'he raped me,' plans to file police report CNBCExclusive: Four women describe sexual misconduct by Rep. Eric Swalwell, including a former staffer who says he raped her CNN
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Kevin Warsh's financial disclosures reveal a fortune well in excess of $100 million, making him probably the wealthiest Fed chair nominee in decades.
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Goldman Sachs posted record equities trading revenue for the first quarter, helping propel the overall firm to its second-highest quarterly revenue.
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Although their share prices may have moved in different directions recently, both of these stocks still look rather promising at today's prices.
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Most people view debt as something to be avoided at all costs. But that's because most people don't use debt properly. A prime example of improper debt use is the credit card. People charge too much, fail to pay the card in full at the end of the month, then find themselves unable to pay down the debt without also paying exceedingly high interest, often for years.
However, some kinds of debt, such as a securities-backed line of credit, or SBLOC, can be helpful. They can even save or earn you money. SBLOCs are rolling lines of credit based on the value of assets in your accounts. They're excellent ways to use debt to your advantage.
How Securities-Backed Lending Works
Borrowing money by collateralizing securities held in after-tax investment accounts is called securities-backed lending. The interest rate will often be lower than other types of loans, and you'll generally get access to funds in just a few days.
SEE MORE 3 Dated Rules of Thumb Retirees Should Think Twice About
However, as with almost anything, there are caveats to taking out an SBLOC. While you can keep buying and selling securities in the collateralized account, you can't use the loaned money for other securities-based dealings, such as trading or buying. And setting up an SBLOC will make it more challenging to move those collateralized assets to a different firm.
As an example of how SBLOCs can benefit you, suppose you need $75,000 for a one-time purchase of a car or a once-in-a-lifetime vacation. A typical way to acquire it would be to sell assets in a retirement account. That presents a number of drawbacks:
First, your income for that year would increase by $75,000 and could put you in a
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