Investing News

A pedestrian passes in front of a Charles Schwab Corp. bank branch in downtown Chicago, Illinois. Christopher Dilts | Bloomberg | Getty Images Brokerage firm Charles Schwab said Wednesday it is laying off about 200 employees from the combined Schwab-TD Ameritrade company. This is the most recent round of layoffs, following a purge of 1,000

Despite the stock market suffering its steepest loss since October, several leading consumer defensive names moved higher Wednesday as traders took bets over what stocks may be next to join a speculative trading bubble sweeping across Wall Street, and indeed, Main Street. Key Takeaways Several leading consumer defensive stocks saw unusual buying activity in a

The contents of the Starlink Kit for customers, which includes the satellite antenna dish, a stand, its power supply, and a WiFi router. SpaceX SpaceX once again widened the scope of the public beta test of its Starlink satellite internet service, with Elon Musk’s company on Monday beginning to accept preorders from potential customers. Prospective

Many people struggle to carve out the funds they need to build up their retirement nest eggs. Fortunately, a non-refundable tax credit, known as the retirement savings contribution credit, can make it substantially easier to save. Often referred to as the saver’s credit, it lets qualified individuals enjoy tax breaks above and beyond any tax

Billionaire investor Sam Zell told CNBC on Tuesday that some deals involving special purpose acquisition companies remind him of the speculation in internet companies during the 1990s dot-com bubble. In an interview on “Squawk Box,” Zell said he believes SPACs do offer positive benefits for investors who buy in at the creation of the so-called blank check

If your employer offers life insurance as part of your employee benefits package, you may think you’re covered. But the amount of life insurance your employer provides could be insufficient to cover your family’s needs if something were to happen to you. In that case, you may want to consider supplemental life insurance, either through

If anybody on Wall Street is due a victory lap, it’s Daniel Pinto. The head of JPMorgan Chase‘s massive corporate and investment bank is fresh off a year for the record books: Pinto’s business produced $49.3 billion in revenue and $17.1 billion in profit in 2020, more earnings than JPMorgan’s three other divisions combined. But

Suicide is the 10th leading cause of death in the United States. While life insurance can provide coverage in the case of suicide, many policies have special provisions that limit the payment of benefits.   Key Takeaways Many life insurance policies contain a suicide clause or provision. Companies will typically not pay a death benefit

Robinhood was sued Monday for wrongful death by the family of Alex Kearns, a 20-year-old customer who took his life last summer after believing he had racked up big losses on the millennial-favored stock trading app. “This case centers on Robinhood’s aggressive tactics and strategy to lure inexperienced and unsophisticated investors, including Alex, to take

If bureaucracies are good at anything, it’s creating paperwork, and the IRS is the king of all bureaucracies, especially when it comes to tax forms. Most paperwork you’ll need to file your federal tax return can be completed and submitted electronically, but you’ll need to acquire a number of forms to get the job done.

Hundreds of unemployed Kentucky residents wait in long lines outside the Kentucky Career Center for help with their unemployment claims on June 19, 2020 in Frankfort, Kentucky. While the economic recovery has brought back jobs since the lowest point of the Covid-19 crisis, millions of Americans remain unemployed. John Sommers II There is a contentious

The Standard & Poors 500 (S&P 500) Index is a popular benchmark index of large-cap stocks in the United States. The S&P 500 Index is a price index, meaning it represents the stock prices of the companies within the index. Some stocks are weighted more heavily than others, which means they have a greater impact

Retirement planning raises many questions: When can I retire? How much should I save? Will I continue to work and/or volunteer? What will I do to stay active? One factor that influences how you answer all of these questions is where you plan to retire— either at home in the U.S., or someplace abroad. While

A United Parcel Service worker delivers packages in New York City. Stephanie Keith | Getty Images Volatility has made its way back to Wall Street. Over the last few weeks, the trading mania related to GameStop and AMC Entertainment has hogged headlines, after a group of retail investors banded together to bid up the share

Stock exchanges are not like other businesses. The performance of the national stock exchanges is often taken as a proxy for the health of a nation’s economy, or at least investor enthusiasm for the country’s prospects. National exchanges also play an under-appreciated policy role in deciding the listing and compliance standards for companies that wish

SpaceX vice president of build and flight reliability Hans Koenigsmann (left), former NASA director of human spaceflight William “Bill” Gerstenmaier (right). Source: NASA SpaceX vice president of build and flight reliability Hans Koenigsmann is retiring, CNBC has learned, and has begun transitioning his role to William “Bill” Gerstenmaier, the former NASA official that joined the

Each year, many Americans fastidiously record their charitable contributions, mortgage interest, property taxes, and various other expenses in hopes of clearing the dollar threshold that will enable them to claim itemized deductions that are greater than the standard deductions. But beyond those itemized deductions, certain other deductions can be declared, even if the taxpayer is

Cavan Images | Cavan | Getty Images Hunter S. Thompson famously coined the phrase ‘Buy the ticket, take the ride.’ Investors should heed the words of the cannabis iconoclast as they consider if, and most importantly when, to invest in the nascent, but booming U.S. cannabis sector.  This past week, Senate Majority Leader Chuck Schumer

Unless their parents have somehow saved enough money—or earn massive salaries—most students need to borrow to pay for college today. Working your way through college is largely a thing of the past, as well; few students can make enough to pay for college while they’re also taking classes. For that reason, student loans (and student

The logo of trading app Robinhood is displayed on a smartphone. Olivier Douliery | AFP via Getty Images A U.S. consumer watchdog saw a surge in complaints regarding Robinhood last week, with some clients claiming they were unable to liquidate holdings and move to other brokerage firms. The Federal Trade Commission received more than 100