JPMorgan Chase & Co. signage is illuminated at night at a bank branch in Chicago, Illinois, U.S., on Tuesday, July 10, 2017. JPMorgan Chase & Co. is scheduled to release earnings figures on July 13. Photographer: Christopher Dilts/Bloomberg via Getty Images JPMorgan Chase is taking a page from the digital disruptors. The biggest U.S. bank
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As renters struggle to make monthly payments due to the economic impact of the coronavirus pandemic, apartment owners are starting to feel the squeeze. Owners of multifamily apartment buildings are falling behind on loan payments. Building income for some has been insufficient to cover bank loan payments due to the federal eviction moratorium and “tenants
SpaceX’s Crew Dragon Endeavour seen docked with the International Space Station on July 1, 2020. NASA A pair of investors are joining the first fully-private flight to the International Space Station — not as financial backers, but as the passengers flying along. Houston-based start-up Axiom Space on Tuesday unveiled that real estate investor Larry Connor
The financial advisory field is rife with talented professionals who do a great job of managing their clients’ portfolios and developing strong, tax-smart strategies for retirement and other life events. Advisors’ real value lies in managing client behavior. Their mission is to keep their clients focused on their goals, even as their short-term objectives may change. It’s how
Ramin Talaie | Bloomberg | Getty Images GameStop is popping again after a wild session, pushing the stock back above $100 briefly, but short sellers betting against the videogame retailer are nowhere near letting up. Shares of GameStop last jumped more than 20% to around $92 in premarket trading on Tuesday after hitting triple digits
116.48 The current reading of the Investopedia Anxiety Index is well above neutral indicating a very high level of anxiety. Markets Today Global markets are surging this morning as Russian President Vladimir Putin claimed the country has given him regulatory approval for the world’s first COVID-19 vaccine that he says was successfully used on his
Matteo Colombo | DigitalVision | Getty Images For most investors these days, it’s literally a “PIPE dream.” PIPEs, or private investments in public equity, are mechanisms for companies to raise capital from a select group of investors outside the market. But as PIPEs are increasingly being deployed in conjunction with a surge in SPAC mergers,
In 1958, Cuba was an investment powerhouse. Their workers were paid the eighth highest wages in the world, and the country’s per-capita income exceeded that of Austria and Japan. It was such a hot expat destination that more Americans lived there than Cubans in America. The golden days passed, however, when Fidel seized power, and
People walk by the New York Stock Exchange (NYSE) in lower Manhattan on October 02, 2020 in New York City. Spencer Platt | Getty Images Parts of the market are in bubbles, but they are unlikely to take the overall market down with them when they pop, according to Goldman Sachs. The Wall Street firm
How Do You Use Enterprise Value to Compare Companies? Enterprise value (EV) is an indicator of how the market attributes value to a firm as a whole. Enterprise value is a term coined by analysts to discuss the aggregate value of a company as an enterprise rather than just focusing on its current market capitalization
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.