Bill Ackman to close largest SPAC ever, return billions to investors
Billionaire hedge fund manager Bill Ackman is shutting down his Pershing Square Tontine Holdings SPAC after failing to find a suitable target company.
How a US savings bond works
Many Americans purchase savings bonds in order to protect their investments from the uncertainty and volatility of the everyday stock market.
Retirement accounts lose trillions in stock rut
Stock market declines from the beginning of the year have amounted to trillions in losses for retirement accounts, and Americans are feeling the pain.
LEGO to invest more than $1B in Virginia brick plant
LEGO is planning to invest more $1 billion to create a new manufacturing plant in Virginia, creating an estimated 1,760 jobs, Gov. Glenn Youngkin said.
Everybody getting 'hurt' by inflation: Investment expert
Calamos Investments CEO John Koudounis discusses the impact of inflation on Americans and weighs in on volatility in the markets.
High inflation rate makes a recession 'difficult to avoid:' John Koudounis
Calamos Investments president & CEO John Koudounis discusses inflation rates following the Dow Watch's longest weekly losing streak since 1923 on 'Fox News Live.'
US economy on 'shaky footing': Mitch Roschelle
Macro Trends Advisors LLC founding partner Mitch Roschelle argues wages aren't keeping up with inflation, which means people may have to get paid more in an attempt to incentivize them to get back into the workforce.
Fidelity’s former CEO Ned Johnson, dead at 91: ‘he was a visionary’
Edward Johnson III, the man who transformed Fidelity Investments into the Wall Street and investment giant it is today, died on Wednesday at the age of 91, his family has confirmed.
Retirement advisors warned about prioritizing politically motivated investments in new bill
Lawmakers are putting retirement plans and advisors on notice over prioritizing politically motivated investments over returns.
Major mutual fund companies double down on explaining market volatility during unrest
Market volatility in the wake of Russia's invasion of Ukraine led major mutual fund companies to reiterate guidance to investors on weathering the storm.
New York Stock Exchange parent company makes push into blockchain
The Intercontinental Exchange, parent company of the New York Stock Exchange, has launched a push into the digital trading space, announcing a "significant minority stake" in the blockchain-based trading platform tZERO.
Commerce secretary's husband exercises stock options in tech company linked to Chinese government
Husband to Commerce Secretary Gina Raimondo has deepened his financial investment in the artificial intelligence company PathAI – a business that has raised eyebrows as it is backed by a company with deep ties to the Chinese Communist Party (CCP).
What is metaverse and why NFTs are key to its massive explosion
Larry Cheng, managing partner at Volition Capital, argued that there is “a bit of a gold rush mentality to NFTs as the fiber and the texture of the metaverse” as he described the space, which is garnering increased interest from traditional companies, including Walmart.
Mark Wahlberg becomes principal investor in Flecha Azul tequila brand
Mark Wahlberg is taking his business endeavors to the beverage industry.
39% of US workers are looking to change jobs in 2022, Fidelity survey finds
Nearly 40% of U.S. workers are considering a job change in the new year according to a new survey from Fidelity Investments.
REITs romped in 2021 as property values soared
Investors who bet on real estate investment trusts at the beginning of 2021 are reaching for top shelf champagne these days as they prepare to celebrate the new year.
Jared Kushner investment firm Affinity raises $3 billion in committed funding
Jared Kushner's global investment firm, Affinity Partners, has raised more than $3 billion in committed funding from international investors
BlackRock investments in China: Consumers' Research warning consumers, governments
Consumers' Research, an educational nonprofit that shares consumer information, on Thursday morning sent a letter to 10 governors, warning them of investment management company BlackRock's ties to China.
Biden Treasury nominee Omarova laments Manchin: He is 'supposed to be on the Democratic side'
President Biden's nominee for a key Treasury post said Sen. Joe Manchin blocks important spending bills in a roundtable earlier this year, as her nomination appears in danger of tanking in the Banking Committee.
'Wolf of Wall Street' offers advice to workers making $60,000 a year
Jordan Belfort, the convicted felon known as the “Wolf of Wall Street,” had some interesting life advice for a 25-year-old making $60,000 a year.