Investing News

72 The latest reading of the New York City Recovery Index out of a possible score of 100. New York City’s economic recovery index experienced a slight increase the week of Sept. 18, rising from an overall score of 71 to 72 after falling by as much as six points the week before. A partial

In this article OMEG Traders work on the floor of the New York Stock Exchange (NYSE) in New York, on Monday, Aug. 23, 2021. Michael Nagle | Bloomberg | Getty Images SPACs are getting a much-needed reality check after investors and regulators grow wary of the Wall Street craze, and the majority of deals could

The standard formula for calculating the marginal propensity to consume, or MPC, is marginal consumption divided by marginal income. This is sometimes expressed as M P C = m C m Y where: m C = Marginal consumption m Y = Marginal income begin{aligned}&MPC = frac{ mC }{ mY } \&textbf{where:} \&mC = text{Marginal consumption} \&mY =

Jeff Bezos pops champagne after emerging from the New Shepard capsule after his spaceflight on July 20, 2021. Blue Origin Jeff Bezos has called Blue Origin his life’s most important work – and the hours he is devoting to the space company are growing accordingly. Historically, Bezos had dedicated Wednesday afternoons to either updates and

U.S. Department of Agriculture (USDA) home loans open the dream of owning a home up to people in low-population areas who otherwise could not afford it. If you live in a place with a population of less than 35,000 and you can’t qualify for a conventional loan, you may qualify for a USDA guaranteed loan

In this article WFC Charles Scharf, chief executive officer of Wells Fargo & Co., listens during a House Financial Services Committee hearing in Washington, D.C., U.S., on Tuesday, March 10, 2020. Andrew Harrer | Bloomberg | Getty Images Wells Fargo paid $37 million to settle a government lawsuit accusing the bank of defrauding hundreds of

Exponential advances in technology have changed entire industries, especially over the past 10 to 15 years. For example, Netflix, Amazon Prime, Hulu, and digital channels are massive disruptive forces within the media and television industries. Further, given the rapid pace of technological change, the landscape will continue to evolve and look completely different a decade

eBay vs. Amazon: An Overview Whether you list things while at home in your pajamas, have money sent directly to you, or drop packages off in the mail, using eBay or Amazon is easier than the yard sales of yesteryear. But which major e-commerce site is best? It might help to understand how each of

Tesla CEO Elon Musk gestures as he visits the construction site of Tesla’s Gigafactory in Gruenheide near Berlin, Germany, August 13, 2021. Patrick Pleul | Reuters Though the market has been volatile, analysts are spotting opportunities for upside among select companies. Tipranks is able to cut through the market noise by aggregating data to show

Mexico is a classic example of a two-sided economy. While one part shines bright with a trillion-dollar gross domestic product, the other is gripped in darkness with more than 50% of its population living below the poverty line. Mexico has the second highest degree of socioeconomic disparity amongst the 34 member nations of the Organisation

As you approach retirement, you start to think more about preserving what you’ve saved rather than achieving aggressive growth. You don’t want to lose the portfolio that you worked so hard to build. However, most people who make it to the age of 65 are living almost 20 years in retirement. Social Security data shows

Revolut CEO Nikolay Storonsky speaks onstage at the TechCrunch Disrupt conference in San Francisco, California. Kimberly White | Getty Images Revolut, the global fintech player valued at $33 billion, will soon offer commission-free stock trading to U.S. customers for the first time, CNBC has learned. The start-up is set to announce Tuesday that it secured

The Coronavirus, Aid, Relief, and Economic Security (CARES) Act directed lenders holding federally-backed single-family mortgages to suspend borrowers’ payments for up to a maximum of 360 days if they experienced financial hardship due to the coronavirus outbreak. Similar, but shorter (90 days) forbearance was available to owners of multi-family units with federally-backed mortgages. Subsequent legislation,

A bitcoin sign with a graph pictured in the background. STR | NurPhoto via Getty Images I’ve noted in past commentaries that sovereign nations have the power to regulate and eliminate any competitor to their own currencies. One country took that step on Friday. China’s central bank has just made all cryptocurrency-related activities illegal. The

What Is Federal Pandemic Unemployment Compensation? The Federal Pandemic Unemployment Compensation (FPUC) program, authorized by the CARES Act and renewed by subsequent legislation and a presidential order, initially provided $600 per week in extra unemployment benefits to unemployed workers in states that opted into the program. In August 2020, the additional payment was lowered to

Vlad Tenev, CEO and Co-Founder of Robinhood, in his office on July 15, 2021 in Menlo Park, California. Kimberly White | Getty Images Entertainment | Getty Images Robinhood executives had a lot to talk about the week Reddit users were driving a historic short squeeze in GameStop. New documents in a lawsuit allegedly show internal

Most mutual fund names are simple and fairly easy to understand. For example, many investors recognize that most mutual funds with small-cap value in their title invest in smaller companies that fund managers believe to be inexpensive. For the most part, the standard fund names that describe an investment style, like small-cap value and large-cap

In this article HOOD Zoom In IconArrows pointing outwards Robinhood is debuting a feature that gives traders more control over digital tokens in its latest expansion in the cryptocurrency space. The newly public brokerage is testing “crypto wallets” with select clients next month, the company announced in a blog post Wednesday. The so-called wallet will

The financial sector is comprised of companies that offer services including loans, savings, insurance, payment services, and money management for individuals and firms. Financial sector stocks include a wide range of companies involved in retail and commercial banking, accounting, insurance, asset management, credit cards, and brokerage. Well-known companies in the sector include Wells Fargo Co. (WFC), Goldman

NASA astronaut Douglas Hurley rehearses putting on his SpaceX spacesuit in the Astronaut Crew Quarters inside the Neil A. Armstrong Operations and Checkout Building at the Kennedy Space Center ahead of NASA’s SpaceX Demo-2 mission to the International Space Station in Cape Canaveral, Florida, U.S. May 23, 2020. Kim Shiflett | NASA | Reuters SpaceX