White House touts plan to provide $1K investment accounts for newborns
White House to host event with CEOs to promote "Trump Accounts" policy giving newborn U.S. citizens $1,000 investment funds for education, housing and business expenses.
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
Bonds give recession signals
Signals in the investment-grade corporate bond market suggest a recession, says market expert Adam Kobeissi, who expects continued jobs cuts and bond issuance.
Goldman Sachs considering cutting bonuses by 40%: report
Goldman Sachs may cut the bonus pools for 3,000 investment bankers by at least 40%, the highest cut since the 2008 financial crisis, according to a new report.
Financial resolutions more conservative for 2023: Fidelity
Americans are scaling back their financial goals as they look forward to the new year, according to a study by Fidelity showing 2023 resolutions are more cautious.
Thematic ETFs: What they are and what investors need to know
Thematic exchange-traded funds, or ETFs, target groups of companies that are at the forefront of innovations like robotics, cybersecurity, or clean energy.
BlackRock freezes hiring, reduces spending, CFO says
Gary Shedlin, BlackRock's chief financial officer, reportedly said Tuesday that the firm is freezing most hiring and reducing spending in an effort to be "prudent" ahead of 2023.
Top Wall Street CEOs amplify recession warnings as bets of dismal 2023 swell
The CEOs of Goldman Sachs, JPMorgan Chase and Bank of America warned of an ugly outlook for the economy in 2023, raising the specter of a recession next year.
China’s Xi Jinping meets with Saudi rulers in economic power play: 'No longer a competitor'
China and Saudi Arabia will look to finalize about 20 deals that would result in about $29 billion in investments that would also expand Beijing's influence in the region.
Robinhood delivering IRA match
Robinhood announced on Tuesday it is offering individual retirement accounts (IRAs) with a 1% match on contributions.
Fanatics hits $31 billion valuation in latest funding round
Fanatics worth $31 billion after $700 million investment round. Defies negative market trends caused by inflation and recession worries due to high growth potential.
Goldman Sachs on hunt for bargain crypto firms after FTX fiasco
FTX filed for Chapter 11 bankruptcy protection in the U.S. on Nov. 11 after its dramatic collapse, sparking fears of contagion and amplifying calls for more crypto regulation.
Musk pushes Twitter files, Georgia runoff election, FTX fallout ongoing top week ahead
Elon Musk's Twitter files, Georgia's runoff election and a slew of earnings, including Costco and Toll Brothers, lead the week ahead.
Cash-hungry companies get creative raising capital
Companies that are thinking outside the box of traditional ways to raise capital include Lordstown Motors, Foxconn, Bright Health Group, and JPMorgan Chase.
Goldman warns of bonus cuts for traders
Investment banks have seen a plunge in deal making activity this year as choppy markets and aggressive interest rate hikes have forced lenders to pull back from financing large deals.
Early Alameda staffers quit after battling Sam Bankman-Fried over risk, compliance concerns
The employees worked at Alameda Research, and were some of Bankman-Fried's earliest colleagues, including Alameda’s co-founder, Tara Mac Aulay. Both FTX and Alameda are now bankrupt.





















