Sarah Hansen
Sarah Hansen
Senior writer @money. Formerly @forbes. Trained by @northwesternu and @nyu_journalism.Source
Brooklyn, New York
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Most Bitcoin Investors Would Lose Money if They Sold Now

Most Bitcoin Investors Would Lose Money if They Sold Now

Many companies featured on Money advertise with us. Opinions are our own, but compensation and in-depth research determine where and how companies may appear. Learn more about how we make money.Money is not a client of any investment adviser featured on this page. The information provided on this page is for educational purposes only and is not intended as investment advice. Money does not offer advisory services.2022 just keeps getting worse for cryptocurrency investors.More than half of all bitcoin investors are now in the red, according to data from blockchain analytics platform...

Nov 22
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$1,400 Stimulus Checks Are Already Working As Credit, Debit Spending Surges 45%, BofA Says

$1,400 Stimulus Checks Are Already Working As Credit, Debit Spending Surges 45%, BofA Says

BETAThis is a BETA experience. You may opt-out by Mar 25, 2021,New!Got it!As the latest round of federal stimulus payments reached bank accounts, credit and debit card spending soared 45% overall last week on a year-over-year basis and 23% over two years, according to data aggregated by Bank of America.Bank of America’s researchers noted that the one-year change is much larger because it includes the severe economic contraction caused by lockdowns and businesses closures during the early days of the coronavirus pandemic. The effect of stimulus checks on consumer spending is clear,...

March 25, 2021
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Marjorie Taylor Greene Delays $1.9 Trillion Stimulus Bill’s Final Passage In House

Marjorie Taylor Greene Delays $1.9 Trillion Stimulus Bill’s Final Passage In House

BETAThis is a BETA experience. You may opt-out by Mar 10, 2021,New!Got it!Rep. Marjorie Taylor Greene (R-Ga.) drew bipartisan ire on Thursday after she called for a vote to adjourn the House of Representatives in an attempt to delay final passage of President Biden’s $1.9 trillion American Rescue Plan, which is on track to be approved by that chamber and sent to Biden’s desk to be signed into law.The motion to adjourn did not pass, and the House began two hours of debate on the bill’s final passage at around 10:15 a.m. EST.Greene’s motion reflects widespread opposition to the $1.9...

March 10, 2021
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Fed Systems Begin Coming Back Online After Major Service Outages

Fed Systems Begin Coming Back Online After Major Service Outages

BETAThis is a BETA experience. You may opt-out by Feb 24, 2021,New!Got it!Multiple Federal Reserve payments services that banks use to send and receive trillions of dollars, including the Automated Clearing House system (ACH), experienced hours-long outages on Wednesday afternoon.Banks use systems like the FedACH to clear checks, make wire transfers, refinance mortgages, send credit electronically and more. According to a that tracks the status of Federal Reserve systems, the following services were impacted on Wednesday afternoon: Account Services, Check 21, Check Adjustments,...

February 24, 2021
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Bitcoin Soars To New High After Tesla Says It Invested $1.5 Billion

Bitcoin Soars To New High After Tesla Says It Invested $1.5 Billion

BETAThis is a BETA experience. You may opt-out by Feb 8, 2021,New!Got it!Electric car giant Tesla announced in a filing with the Securities and Exchange Commission on Monday that it has invested $1.5 billion in bitcoin this year and said it plans to start accepting bitcoin as payment for its products, sending the price of the popular cryptocurrency soaring to a new high, above $43,000.Tesla said the bitcoin purchase happened under an updated investment policy designed to “provide us with more flexibility to further diversify and maximize returns on our cash.”Tesla CEO Elon Musk has...

February 8, 2021
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China Passes U.S. As No. 1 Destination For Foreign Investment As Coronavirus Upends Global Economy

China Passes U.S. As No. 1 Destination For Foreign Investment As Coronavirus Upends Global Economy

BETAThis is a BETA experience. You may opt-out by Jan 24, 2021,New!Got it!As the world struggled to contain the coronavirus crisis, foreign direct investment in the United States plummeted 49% in 2020 while investment in China rose 4%, making China the largest recipient of foreign inflows for the first time, according to a released Sunday by the United Nations Conference on Trade and Development. China pulled in $163 billion in new investments from foreign businesses in 2020 while the U.S. fell into second place with $134 billion. The U.S. and China had broadly different...

January 24, 2021
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Senate Republicans Release $1.4 Trillion Spending Plan—Without Covid-19 Relief—Ahead Of December 11 Government Shutdown Deadline

Senate Republicans Release $1.4 Trillion Spending Plan—Without Covid-19 Relief—Ahead Of December 11 Government Shutdown Deadline

BETAThis is a BETA experience. You may opt-out by Nov 10, 2020,As Congress enters a contentious lame duck session in which some Republican leaders have yet to acknowledge President-elect Biden’s victory, Senate Republicans on Tuesday released a $1.4 trillion spending proposal to fund the government ahead of the looming December 11 shutdown deadline. The package consists of that constitute the Republicans’ opening offer in negotiations with Democrats over the 2021 government budget.It follows a continuing resolution passed by Congress in September, just hours ahead of the previous...

November 10, 2020
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House Passes $2.2 Trillion Stimulus Bill, But That Doesn’t Mean $1,200 Checks And More Unemployment Benefits Are On The Way

House Passes $2.2 Trillion Stimulus Bill, But That Doesn’t Mean $1,200 Checks And More Unemployment Benefits Are On The Way

BETAThis is a BETA experience. You may opt-out by Oct 1, 2020,New!Got it!The House of Representatives passed a $2.2 trillion coronavirus relief bill Thursday evening in a 214-207 vote, even as House Speaker Nancy Pelosi (D-Calif.) and Treasury Secretary Steven Mnuchin continued to push for a last-minute, bipartisan compromise on the next round of aid—the vote is a symbolic step from Democrats, as the legislation is widely opposed by Senate Republicans and is not expected to become law.The $2.2 trillion plan passed by House Democrats is a pared-down and updated version of the $3.4...

October 2, 2020
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Democrats Release Smaller $2.2 Trillion Stimulus Proposal In Final Bid For Compromise Before Election Day

Democrats Release Smaller $2.2 Trillion Stimulus Proposal In Final Bid For Compromise Before Election Day

BETAThis is a BETA experience. You may opt-out by Sep 28, 2020,New!Got it!House Democrats on Monday evening released a of the $3.4 trillion Heroes Act, which was passed by the House in May but never taken up by the Senate, in what’s intended as a “proffer” for Republicans to return to the negotiating table in the final days before lawmakers return home ahead of November’s election, and allowing vulnerable House Democrats to vote in support of more relief measures ahead of the election even if Republicans don’t buy in. The $2.2 trillion legislation includes new provisions like aid...

September 28, 2020
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Federal Budget Deficit Will Approach $4 Trillion In 2020, CBO Says, As The Economy Continues To Nosedive

Federal Budget Deficit Will Approach $4 Trillion In 2020, CBO Says, As The Economy Continues To Nosedive

BETAThis is a BETA experience. You may opt-out by Apr 24, 2020,New!Got it!As the recession caused by the coronavirus deepens and government spending on healthcare and economic aid skyrockets, the Congressional Budget Office on Friday that it expects the federal budget deficit to hit $3.7 trillion by the end of fiscal year 2020—nearly five times the current deficit at the halfway mark of the fiscal year.The current deficit for this fiscal year stands at $744 billion, according to the .  The CBO is also predicting that the national debt will eclipse the annual economic output...

April 24, 2020
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