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What the latest Federal Reserve interest-rate increase means for your holiday spending plans and Instagram influencer Jay Mazini pleads guilty to running $8 million Ponzi scheme and crypto scam

By Zoe Han

Wednesday’s top personal finance stories

Hi, MarketWatchers. Don’t miss these top stories.

Instagram influencer Jay Mazini pleads guilty to running $8 million Ponzi scheme and crypto scam

Mazini, whose real name is Jebara Igbara, amassed over 1 million followers through videos of him handing out cash to needy people. Read More

What the latest Federal Reserve interest-rate increase means for your holiday spending plans — ‘It’s not the time to overspend’

It’s three weeks before Black Friday, but the Federal Reserve just made the post-holiday debt hangover a little more intense. Read More

Panic is not an investment strategy. How financial advisers can help you think through the unthinkable.

Prepare for the worst and hope for the best. Read More

Thanksgiving deals: Bag free turkeys or cheap trimmings from Aldi, BJ’s, ShopRite and more

As record inflation threatens to gobble up Thanksgiving budgets, some supermarket chains are rolling back prices or giving away free birds. Read More

Mortgage demand drops for sixth week in a row, as rates remain above 7%

Mortgage applications fell 0.5% in the latest week, the Mortgage Bankers Association said. The average rate for a 30-year mortgage is 7.06%. Read More

The 2022 Kia EV6 vs. the 2023 Volkswagen ID.4: which electric SUV is better?

The Volkswagen has a lot of practical traits and a clever user interface, but the Kia has it beat in range, power, and excitement….

Read more…

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