Investing News

Checking accounts offer convenience for managing money, but a sizable number of Americans don’t have one. According to Federal Reserve (Fed) data, 6% of U.S. adults are unbanked, meaning that they have no checking account, savings account, or money market account. Instead, they rely on alternative financial services, such as check-cashing companies and payday lenders,

Most currency traders avoid the limelight, but a select few have risen to international stardom. These well-known players have broken the mold, posting incredible results over long careers. They’re people of influence who have had a profound impact on the investment industry. These individuals offer guidance to forex traders at the start of their career and

Traders on the floor of the NYSE, Feb. 25, 2022. Source: NYSE The VanEck Russia ETF fell 25% in premarket trading Monday as the conflict in Ukraine generated new U.S. sanctions against Russia. On Monday, the Biden administration announced additional sanctions against Russia’s central bank that would effectively prohibit Americans from doing business with the bank and

Baby boomers who lost part of their nest eggs in the recession face a difficult retirement, but those born between 1981 and 1996, who have come to be known as the millennial generation, or Generation Y, face a most uncertain economic future due to various events. For example, this group has seen their parents and

A crane loads a shipping container branded A.P. Moller-Maersk onto a freight ship. Balint Porneczi | Bloomberg | Getty Images Maersk, one of the world’s largest shipping container firms, said on Monday that it may suspend all deliveries to and from Russia in light of sanctions against the Kremlin following its invasion of Ukraine. The

The U.S. is forbidding Americans from using cryptocurrencies to circumnavigate financial sanctions placed on Russia as it seeks to further choke off financial support for the country’s wealthy oligarchs.  Key Takeaways The U.S. Treasury Department has added sanctions that prevent Americans from using cryptocurrencies to circumnavigate financial sanctions placed on Russia.  Washington’s new measures relating

In this article JPM JP Morgan CEO Jamie Dimon gives a speech during the inauguration of the new French headquarters of US’ JP Morgan bank on June 29, 2021 in Paris. Michel Euler| AFP | Getty Images JPMorgan Chase is preparing to go all-in on private companies. For the past year, the bank has been

The past two years have been a period of intense competition and consolidation in the robo-advisor arena. It’s also been a time of expansion as customers ask more from their digital advice platforms, and the providers continue to introduce new features and products in the spirit of customer retention and growth.  Many of the largest

The central processing plant for oil and gas in Salym, Russia, Feb. 4, 2014. Salym Petroleum Development is a venture between Shell and Gazprom Neft. Andrey Rudakov | Bloomberg | Getty Images Shell said Monday it is ending an “equity partnership” with Gazprom, a Russian state-owned energy company, as the Russia-Ukraine conflict continues. Shell said

As yet another international economic sanction against Russia, in response to its war on Ukraine, leading Western nations have pledged to bar several large Russian banks from using the SWIFT system. The upshot of this would be to cut Russia off from much of the international financial system. The goal, according to a joint statement

What Were the ‘Browser Wars’? The first shot of the internet browser wars was fired when Netscape launched its initial public offering on August 9, 1995. The company set its offering price at $28 per share. That was seen as a bold move for a company looking to sell five million shares on the strength

In this article AMZN WMT HD SOFI PANW The Amazon logo is seen at the company logistics center in Lauwin-Planque, northern France. Pascal Rossignol | Reuters Stocks have been volatile over the last two months, and the way ahead is looking tumultuous. Investors are contending with an array of factors that have shaken financial markets,

I’m seeing a lot of artificial influences on the economy right now, including low interest rates and the statements made by Fed officials and various politicians. It can be hard to keep track of all that noise, not to mention the company-specific specific news that may affect the investments in your portfolio. It’s for that

The telecommunications industry has experienced more than its fair share of change, and by necessity has evolved extremely quickly. As computing and communications have merged, the industry has had to deal with debates about privacy and data ownership, and major companies have quickly morphed into the giants of today. At the same time, the technology that powers

In this article BRK.A Berkshire Hathaway Chairman and CEO Warren Buffett. Andrew Harnik | AP Berkshire Hathaway‘s operating profits surged in the fourth quarter and for the full year as the conglomerate’s businesses continued to roar back to life from the pandemic economic slowdown. Chairman Warren Buffett increased his bet on that comeback, buying back

Bank of America Corp. (BAC), one of the world’s largest investment banks and financial institutions, serves a broad range of customers, including individual consumers, wealthy investors, large corporations, and governments. The company offers a wide range of banking, investing, asset management, and other financial and risk management products and services. It operates primarily in the

Municipal bond exchange-traded funds (ETFs) provide investors with diversified access to the municipal bond market. Municipal bonds, or munis, are debt instruments issued by states, municipalities, or counties for the purpose of financing public capital expenditures, such as the construction of highways, bridges, and schools. For investors, munis generally offer tax-free interest income. While many

ISS Expedition 64 crew member, Russian cosmonaut Sergey Ryzhikov takes part in a training session at the Yuri Gagarin Cosmonaut Training Center in Zvyozdny Gorodok [Star City], Moscow Region. Anton Novoderezhkin | TASS | Getty Images For more than two decades, the space agencies of the United States and Russia have been partners through the

The introduction of the Roth IRA in 1997 presented Americans with a bold new way to save for retirement. Rather than getting an up-front tax benefit by writing off their contributions to a qualified retirement plan, workers could invest after-tax dollars and withdraw them tax free in retirement. As of 2020, 26.3 million households—slightly more

In this article RSX IEV Traders on the floor of the NYSE, Feb. 22, 2022. Source: NYSE The VanEck Russia ETF fell more than 25% at one point in premarket trading on Thursday, shedding a quarter of its already depressed value after Russia invaded Ukraine. The fund was down more than 28% year to date