Investing News

Families spent $26,226, on average, to pay for college during the 2018-19 school year, according to a 2019 survey by Sallie Mae and market research company Ipsos. More than half of that amount (55%) came from financial aid. From this data, two things are immediately clear—first, college is expensive, and second, paying for it generally

Fuel prices are displayed at an Exxon Mobil Corp. gas station in Arlington, Virginia, U.S., on Wednesday, April 29, 2020. Andrew Harrer | Bloomberg | Getty Images Company: Exxon Mobil Corp. (XOM) Business: Engaged in the exploration, production, transportation and sale of crude oil and natural gas, and the manufacture, transportation and sale of petroleum products.

Like so many industries, the financial advisor industry faced significant challenges in 2020. From virtual relationship management to working from home, advisors were forced to rethink the way they ran their practices and handled their client meetings.  Despite these challenges, industry sentiment remains positive and growth continues to be a key theme. To find out

Jane Fraser, chief executive officer for Latin American at Citigroup Inc., speaks during the Milken Institute Global Conference in Beverly Hills, California, U.S., on Monday, April 29, 2019. Kyle Grillot | Bloomberg via Getty Images Citigroup is scheduled to report fourth-quarter earnings before the opening bell Friday. Here’s what Wall Street expects: Earnings: $1.34 a

Warren Buffett bought more than $1 billion in Coca-Cola (KO) shares in 1988, an amount that was then equivalent to 6.2% of the company. The purchase made it the single largest position in Buffett’s Berkshire Hathaway’s portfolio at the time. It remains one of Berkshire Hathaway’s biggest holdings today. In a filing in November 2020,

A man walks past a Wells Fargo Bank branch on a rainy morning in Washington. Gary Cameron | Reuters Wells Fargo released on Friday mixed results for the fourth quarter of 2020, sending the bank’s stock lower. Here’s how the numbers compared to Wall Street expectations: Earnings: 64 per share vs. Refinitiv estimate of 60

Working for a hedge fund is one of the most appealing career paths for budding finance types. Hedge funds are much less regulated than other investment vehicles, like mutual funds; in fact, their style and inner workings tend to be a bit opaque. While they may be used to leverage or reduce risk, hedge funds

Jamie Dimon, CEO of JP Morgan Chase, appears on CNBC’s Squawk Box at the 2020 World Economic Forum in Davos, Switzerland on Jan. 22nd, 2020. Adam Galica | CNBC JPMorgan Chase is scheduled to report fourth-quarter earnings before the opening bell Friday. Here’s what Wall Street expects: Earnings: $2.62 per share, 2.1% higher than a

“Just a few inches of water from a flood can cause tens of thousands of dollars in damage,” according to the National Flood Insurance Program. This fact sums up why mortgage lenders sometimes require borrowers to buy flood insurance. However, real estate agents and mortgage lenders often don’t tell customers about flood insurance requirements until

After years in development, Jeff Bezos’ private space company Blue Origin aims to carry its first passengers on a ride to the edge of space in a few months. Blue Origin on Thursday completed the fourteenth test flight of its New Shepard rocket booster and capsule. Called NS-14, the successful test flight featured the debut of

If you’ve recently been contacted by a debt collector for the first time, or you’re worried that a collector will contact you soon because you’ve fallen behind on your bills, you probably have many questions and are understandably nervous about the process. This article will introduce you to the debt collection business so you can

Virgin Galactic’s spacecraft Unity reaches space for the first time. Source: Virgin Galactic Ark Invest, which operates the largest actively managed exchange-traded fund, plans to add a “Space Exploration ETF” under the ticker ARKX, according to a securities filing on Wednesday. While the ETF’s constituents have yet to be announced, shares of space companies Virgin

Communism and socialism are umbrella terms referring to two cooperative schools of economic thought, both apparently antithetical to capitalism. These economic ideologies have inspired various social and political movements since at least the 18th century. Several countries have been or are currently governed by parties calling themselves “communist” or “socialist,” though these parties’ policies and

The first AR1 rocket engine Aerojet Rocketdyne Aerojet Rocketdyne finished building the first in its next-generation AR1 engine series, despite lacking both a customer and plans to test fire it for about two years. The AR1 rocket engine is located at the company’s facility at NASA’s Stennis Space Center in Mississippi – and its completion

Many investors undertake tax-loss harvesting at the end of every tax year. The strategy involves selling stocks, mutual funds, exchange-traded funds (ETFs), and other investments carrying a loss to offset realized gains from other investments. It can have a big tax benefit. But tax-loss harvesting may or may not be the best strategy for all

America’s increasing reliance on the 401(k) plan and other defined-contribution retirement accounts is a double-edged sword. On the one hand, because investors (and not pension managers) decide how the funds are invested, they have more control over the funds they’ll need during their later years. But gone are the days when most investors could count

Crypto trading exchange Bakkt, which counts NYSE-owner Intercontinental Exchange, Inc. (ICE) among its investors, is going public at the New York Stock Exchange (NYSE) via a merger with VPC Impact Acquisition Holdings Inc., a special purpose acquisition company (SPAC). SPAC companies raise money from public markets specially for the purpose of merging with startups in

The London Interbank Offered Rate, more commonly known as LIBOR, is one of the most widely used benchmarks for determining short-term interest rates across the world. Administered by the ICE Benchmark Administration (IBA), it stands for Intercontinental Exchange London Interbank Offered Rate. It indicates the average rate at which large banks in London can borrow

DoubleLine Capital CEO Jeffrey Gundlach on Monday warned that bitcoin could be getting overheated after its massive run in recent months. “I don’t like bitcoin here. I don’t like things that are up on a stilt like that,” the so-called Bond King said on CNBC’s “Halftime Report.” “Bitcoin, to me, is now sort of in

So you’ve decided you want to become a certified public accountant. If you’ve taken all the undergraduate and graduate-level classes in accounting, business law, and general studies that your state requires, and have logged some work experienced (as required in all but a few states), you’re ready to take the Uniform CPA Examination. This is a