: Silicon Valley lost its bank. Expect ‘zombie VCs’ and dark times for startups.
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The implosion of Silicon Valley Bank exacerbates cracks in venture funding that will linger, leading to dark days for consumer fintech startups and a rise in so-called zombie VCs, […]
: Robert Shiller: Home prices are ‘very, very high,’ but might get cheaper in six months
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Shiller helped create the Case-Shiller Home Price Index.
Futures Movers: Oil climbs to highest level in 2 weeks as U.S. supply marks biggest weekly drop of the year
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Oil futures climbed to their highest levels in more than two-weeks Wednesday, finding support after U.S. government data reveal the biggest weekly crude-supply decline year to […]
: Road to prison: How cars can lead to a cycle of debt and imprisonment in America
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The authors of 'Cars and Jails’ were surprised to learn the role that cars play in the nation’s carceral system.
Market Snapshot: U.S. stocks rise fueled by banking sector relief, tech bounces
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U.S. stock indexes rose Wednesday morning, helped by a rally in technology stocks, slipping Treasury yields, and a calmer mood in the banking sector.
NerdWallet: Federal roadblocks are keeping Medicare from covering cannabis: Here’s where things stand.
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Conflicting laws, unclear safety standards and complicated rulemaking processes mean it could be years before Medicare may cover the drug.
: ‘Small steps absolutely matter.’ Lack of emergency savings puts retirement at risk.
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Without an emergency savings, people are more likely to take loans or withdrawals from their retirement accounts.
Next Avenue: All in the family: Multigenerational living, once the norm for many Americans, is making a comeback
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Many young adults are delaying marriage and living with their parents; and more aging parents are sharing homes with adult children and their families.
: ‘Baby boomers have the upper hand in the home-buying market’: First-time buyers, meanwhile, struggle to get on property ladder
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Older home buyers are edging out millennials, thanks to high mortgage rates and home prices.
Beth Pinsker: Why I abandoned my 529 college savings plan and switched to Series I bonds instead
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With the market and inflation going nuts, some 20% of families also stopped making one-time college savings contributions.