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.
When executives stop selling stock, a big deal might be ahead
The U.S. Securities and Exchange Commission requires executives and directors to report share sales publicly, allowing investors to track their trading activity.
BlackRock, world’s largest asset manager, buys stake in small-business 401(k) startup
Five states, including California, Oregon and Illinois, started requiring many businesses to offer retirement plans or enroll workers in a state-run savings program, according to AARP.
Wall Street rallies despite persistent inflation
All three major U.S. benchmarks are rallying in 2023 despite expert predictions and inflationary pressures
Secure 2.0 Act: Americans will be able to make tax-free transfers of 529 plan funds to Roth IRAs
Starting in 2024, Americans can make tax-free rollovers of eligible 529 plan funds to a Roth IRA in the same beneficiary’s name. Here's what that means for you.
Citigroup to launch search for new wealth-management chief
Citigroup is shuffling leadership after struggling for years to keep up with JPMorgan Chase and Bank of America, hopes to improve wealth-management business.
Concerns over a 'white collar recession' grow as Goldman Sachs, Morgan Stanley, Amazon and others cut jobs
With Goldman Sachs beginning layoffs this week, many are worried that the worst is yet to come for professionals across all industries as the Federal Reserve battles inflation.
Goldman Sachs raises $1.6 billion private capital for climate fund
Godlman Sachs Asset Management Horizon Environment & Climate Solutions I fund raises $1.6 billion for self proclaimed mission of fighting global warming.