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.
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.
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.



















