Investing News

Kacper Pempel | REUTERS Cryptocurrency-related crime fell last year to a small fraction of overall trading volume. But some targeted hacks boomed as criminals exploited people working from home during the pandemic. Last year, illicit activity made up 0.34% of all cryptocurrency transaction volume, according to a report from blockchain data firm Chainalysis. That was

Actually, both the President and Congress do. In the United States, fiscal policy is directed by both the executive and legislative branches. In the executive branch, the two most influential offices in this regard belong to the President and the Secretary of the Treasury, although contemporary presidents often rely on a council of economic advisers

A woman is reflected in a puddle as she passes a Bank of America branch in New York’s Times Square. Brendan McDermid | Reuters The Democrats officially control the Presidency, Senate and House, yet Wall Street appears to be largely unphased. According to data from LPL Financial, the S&P 500 delivered its highest Inauguration Day

Certificates of deposit (CDs) are popular safe-haven investments for people looking for a steady return that isn’t tied to stock market performance. But taxes due on the yield from a CD can take a bite out of an investor’s returns since they’re taxed as interest income. A CD is typically issued by a bank or

Brian Moynihan, CEO of Bank of America, at the Goldman Sachs U.S. Financial Services Conference on December 4, 2018. Michael Newberg | CNBC Bank of America CEO Brian Moynihan is awarding nearly all of his 212,505 employees a bonus for their work during the coronavirus pandemic. Staffers in the U.S. who earn $100,000 or less

LLC vs. S Corporation: An Overview Before you start your own business, you have to decide, by law, the legal formation you want for your business. New business owners are confronted with a common debate: LLC vs. S Corp. What are the differences? How will each structure impact your business? An LLC is a limited

Medicines for dogs from Elanco (above) and Bayer (below) are available in an animal shelter on the treatment table of a veterinarian. Frank Rumpenhorst | picture alliance | Getty Images Company: Elanco Animal Health Inc. (ELAN) Business: Elanco is an animal health company that develops, manufactures and markets products for companion and food animals. The company provides

The Internal Revenue Service (IRS) reports that more than 80 million taxpayers use paid professionals to complete and submit their tax returns. If you’re one of them, it is important to organize your receipts, forms, and other documents well before tax time. Your preparer may take information directly from you or ask you to complete a

Wall Street’s most hated stock GameStop surged again on Friday as the massive short squeeze continued to fuel its explosive rally. The video game stock soared as much as 69.4% to a high of $72.88 on Friday, bringing its gains to over 100% this week alone. Trading in the stock was briefly halted due to

Turnover and Mutual Fund Quality Mutual fund turnover is calculated as the value of all transactions (buying, selling) divided by two, then divided by a fund’s total holdings. Essentially, mutual fund turnover typically measures the replacement of holdings in a mutual fund and is commonly presented to investors as a percentage over a one year period.

A Starlink user terminal attached to the roof of a building. SpaceX SpaceX has launched more than 1,000 of its Starlink high-speed internet satellites to date and, as it seeks regulatory approval in other countries, Elon Musk’s company is now offering early public access to the service in Canada and the U.K. “Earlier this month

When interest rates are low, there’s usually a big rush to refinance mortgages. But some homeowners hold back on scoring a lower interest rate because of the cost of refinancing. Realizing the savings from refinancing generally means staying in a home long enough to recoup the money spent on closing costs. But there’s a silver

Billionaire global investor Barry Sternlicht said Thursday he’s concerned about the long-term viability of current conditions in the stock market, warning that some aspects feel reminiscent of the dot-com bubble back in the 1990s. “I don’t think we’re having a problem in the stock market near term,” Sternlicht said on “Squawk Box.” “The stimulus is

During the election campaign, President Joe Biden proposed a tax plan that departs significantly from the policies and major tax reductions enacted during the Trump presidency. The Biden plan would increase tax rates for individuals whose incomes are $400,000 and higher as well as for corporations which also would be subject to a new minimum tax

Famed investor Jeremy Grantham on Thursday reiterated his warning that Wall Street is in a bubble as individual traders get “carried away.” “They’re becoming euphoric … They’re borrowing money. They’re trading more shares,” Grantham, co-founder and chief investment strategist at Grantham, Mayo, & van Otterloo told CNBC’s “Squawk Box Asia” on Thursday. In recent months,

If you’re not in the financial industry, it’s impossible to know all of the terms or “lingo,” but some terms are worth learning. Having knowledge of what a fiduciary is will not only impress your friends at a party, but it will also help you understand what you should expect from your broker. Key Takeaways

Federal Reserve Board Chairman Jerome Powell testifies during a Senate’s Committee on Banking, Housing, and Urban Affairs hearing in Washington, DC, U.S., September 24, 2020. Drew Angerer | Reuters There likely will be no nasty tweets in the middle of the night excoriating the Federal Reserve to lower interest rates. Nor will its officials be

Insurance agents and financial advisors have been investing their clients’ retirement money in annuities for decades. That practice has its detractors, with the criticism usually focusing on the high commissions paid to annuity salespeople and stiff fees charged to annuity owners year after year. Here’s a rundown of the pros and cons of annuities, compared

An 8500 series oil rig ENSCO Elon Musk’s SpaceX bought two deepwater oil rigs last year and is converting them into floating launchpads, to support the enormous Starship rockets that the company is developing. The rigs are in the Port of Brownsville, near SpaceX’s Starship development facility in Boca Chica, Texas. The rigs have been

“America is an idea … It instills in every person in this country the belief that no matter where you start in life, there’s nothing you can’t achieve if you work at it.” Joseph R. Biden, April 25, 2019 On Jan. 20, 2021, Joseph Robinette Biden Jr., known to most people as Joe Biden or