BUSINESS
Personal Finance: Bitcoin deserves 'some' space in your portfolio
You can’t bank on historical performance, of course, and it’s hard to imagine Bitcoin seeing the the same tenfold price increase it experienced over the past decade. Still, it seems poised to edge higher and now may be a good time to get in relatively cheap
BUSINESS
Credit Suisse Mess: You can trust your money fund not to fail this time
A repeat of the 2008 financial crisis when the Reserve Primary Fund, a money-market fund, saw its net asset value fall when Lehman Brothers collapsed isn't happening. Investors have deposited almost $124 billion so far this week, bringing assets industry-wide to a record $5.38 trillion
BUSINESS
Best savings account interest rates are never at the safest banks
In the US, risk averse depositors are opting for bigger banks despite their low interest rates, prioritising safety over yields. This could prompt smaller regional and online banks to jack up interest rates, requiring regulators to watch out for unethical conduct
BUSINESS
Artificial Intelligence can help the US IRS catch wealthy tax cheats
IRS has mainly targeted poor families with audits because doing so is easier and cheaper than pursuing the complicated tax matters of wealthy filers. Technology could help level the playing field
TRENDS
Adult kids moving in back with their parents isn't a problem
Recent research found no significant statistical evidence that adult kids moving back home had a negative impact on their parents’ wealth, hours worked, health or life satisfaction
