Robert Downey Jr.-backed classic car company moving into old California Navy shipyard
Kindred Motorworks is opening a new headquarters and assembly building on California's Mare Island to build its high-end vintage vehicle conversions.
What factors should drive your ETF investment directives for 2023?
ETF industry members weigh in on the impact Exchange Traded Funds can have on an investor's portfolio. Argues that ETFs reduce volatility vs stocks and tax-burden vs mutual funds.
ETFs and your portfolio: Experts weigh in on what percentage to own
Exchange-traded funds, or ETFs, can offer investors tax benefits, lower risk, and diversification in their portfolios. Experts say ETFs are appealing to all types of investors.
Why America should ban crypto
Charlie Munger, Vice Chairman of Berkshire Hathaway, compares cryptocurrencies to gambling, and advises the US to follow England's solution to the South Sea Bubble of 1720.
JPMorgan Asset Management adds $500M of southern timberland
Forest carbon deals tend to happen in regions where mills have closed and log prices have declined. The market for timberlands topped $5 billion last year.
Cryptoverse: Big investors edge back to bitcoin
Bitcoin investors might finally be returning to cryptocurrency after the FTX collapse caused a crypto winter that saw the cryptocurrency industry take heavy losses.
Goldman Sachs’ David Solomon latest CEO hit with pay cut
Goldman Sachs CEO joins Apple’s Tim Cook as latest industry CEO hit with pay cut.
S&P’s SPY ETF, born from 1987 crash, hits monster status
SPY, the first listed exchange-traded fund, continues to earn its stripes 30 years after its debut, serving as a tool to access the S&P 500, the broadest measure of the stock market.
Juul in deal talks with three tobacco giants
Juul is looking for a new backer as FDA order banning its vaporette remains in limbo pending trial. Talks have included Philip Morris, Japan Tobacco Group, and Altria.
Goldman Sachs says 4 US cities will suffer a 2008 crash in home values
The U.S. is seeing continued skyrocketing interest rates and declining housing prices, and Goldman Sachs expects home values in 2023 to reach that of the 2008 housing crisis.
Social Security benefits could not keep up with inflation in 2022: The Senior Citizens League
Social Security benefits could not keep up with inflation in 2022, according to a report by The Senior Citizens League.
The first ETF launched 30 years ago, revolutionizing investing
ETFs began on Jan. 22, 1993 with the SPDR which tracks the S&P500 and is traded as SPY, now ETFs are ubiquitous and lauded for democratizing the stock market.
Goldman Sachs announces reduction in asset management investments
Goldman Sachs Group Inc's asset management arm will make significant reductions to the $59 billion of alternative investments that hurt the firm's earnings.
Federal Reserve investigating Goldman Sachs' consumer business
The Federal Reserve has launched a probe into Goldman Sachs' consumer business known as Marcus, reportedly over concerns that the bank did not have proper safeguards in place.
2 Warren Buffett ETFs to stock up on
Billionaire investor Warren Buffett invests in just two exchange-traded funds, and his strategy is fairly simple when it comes to playing the broader market.
Hedge fund industry lost $125B worth of assets in 2022
Investors rethought putting their money into hedge funds, leading to a net outflow of $55 billion in assets, making it the largest capital flight from the industry since 2016.
Secure 2.0: More part-time workers will be eligible for 401(k) plans
Part-time employees who’ve worked two consecutive years and completed at least 500 hours of service each year can enroll in their company's 401(k) or 403(b) plans, beginning in 2025, as stated in the Secure 2.0 Act. Here’s what it means for you.
These major companies are laying off workers at a huge rate
Major companies in a variety of sectors are experiencing massive layoffs in recent months, including cuts at Microsoft, Amazon, Goldman Sachs and Washington Post.
Secure 2.0 Act: Required minimum distribution age increases for IRAs
The required minimum distribution age (RMD) has increased from 72 to 73, meaning Americans can leave their investments in longer before needing to make withdrawals. Here’s what you need to know.
US debt limit, Netflix, Goldman earnings and Davos top week ahead
The U.S. debt ceiling showdown, earnings from Netflix and Goldman Sachs, as well as meetings in Davos, will give investors plenty to digest this week.