US banks get ready for shrinking profits and recession
Rising prices and higher borrowing costs have led consumers and businesses to curb spending, and since banks serve as economic middlemen, their profits decline when activity slows.
Secure 2.0 Act will require companies to auto enroll workers into 401(k) plans
Companies that offer 401(k) plans will be required to automatically enroll their employees beginning in 2025.
Goldman Sachs to lay off as many as 3,200 employees this week
Goldman Sachs plans to lay off more than 3,000 employees this week, a source familiar with the matter said. However, the firm will still continue to strategically hire.
Secure 2.0 Act: Student loan payments will count toward 401(K) matching contributions
The Secure Act 2.0 will let companies make 401(k) employer matches based on employees’ qualified student loan payments, beginning in 2024. Here’s how to pay down student loan debt quickly.
Bernie Madoff shared traits with serial killer Ted Bundy, filmmaker says: ‘A heavy toll of destruction’
Ponzi schemer Bernie Madoff died in 2021 at age 82 while serving a 150-year prison term. He is the subject of Netflix's "Madoff: The Monster of Wall Street."
Secure 2.0 Act aims to revamp retirement savings system: What it means for you
The Secure 2.0 Act, which was been signed into law, may help Americans save more for retirement. Here’s what you need to know.
Where to invest your money in 2023 after rough year-end in the markets
University of San Diego finance professor Dan Roccato shared some market insights and investing tips for the New Year of 2023 on "Fox & Friends" on Monday.
New Year, new markets? New EV subsidies, new CEOs and new House speaker top week ahead
2023 is finally here and investors are hitting the ground running with with lots of market moving events this week including changes to subsidies for EVs.
Companies spend record amounts on dividends, despite looming downturn
S&P 500 companies spent more than ever on dividends while some used share buybacks to reward investors.
Warren Buffett jumps into local politics to fight streetcar
Warren Buffett has announced his public opposition to a tram being built in Omaha; he believes the implementation of a trolley system will stymie future growth.
Goldman Sachs CEO says layoffs coming in January: report
Goldman Sachs CEO David Solomon reportedly warned employees that job cuts will begin at the firm in the first few weeks of the year, pointing to the economic slowdown.
Nearly half of workers don't have a 401(k): Here's how you can start saving
Nearly half of private sector workers don’t have access to a 401(k) at work, but you can open an IRA and take other steps to save for retirement.
Blue-chip stocks plummet, pulling Dow lower as Grinch makes home on Wall Street
The Dow Jones Industrial Average is down Thursday as some of the indices’ key stocks nosedive
Short sellers were winners gaining nearly $304B as stocks stumbled
Short sellers broke through to bank profits in 2022 as high-fliers in recent years, suffered while markets fell.
Hedge fund Citadel expects to return $7B in profits to clients
The hedge fund firm, which manages $59 billion in assets, told investors its flagship Wellington fund returned roughly 32% through the end of November.
IRA balances dropped nearly 25% amidst market volatility: Here's how to protect your retirement savings
IRA balances fell in the third quarter of 2022 in the midst of market volatility. Here’s how to keep your retirement on track in any economic cycle.
Must-do financial moves to make before the end of the year
Check your financial health with an end-of-the-year to-do list from a certified financial planner who says the clock is ticking to make these money moves.
Stock market worries, crypto fallout, and doubts of a Santa Claus rally top week ahead
Federal Reserve interest rate hikes, SBF's trial, crypto winter, high inflation, a looming recession, and crime killing retail come like coal in one's stocking.
Dow nosedives as traders continue selloff on Fed hike
The Dow Jones Industrial Average is down to close the week as key blue-chip stocks plummet following the Federal Reserve's latest interest rate hike.
Aaron Judge's 62nd home run ball auction missing screwballs
The 62nd home run ball hit by New York Yankees outfielder Aaron Judge is expected to top the $3 million sale price for Mark McGwire's 70th home run ball sold in 1998