Investing News

Victims of Hurricane Fiona in Puerto Rico have until Feb. 15, 2023, to file their 2021 federal individual and business tax returns with a valid extension originally due to run out on Oct. 17, 2022. The Internal Revenue Service (IRS) reprieve postpones several other filing and payment deadlines that occurred starting on Sept. 17, 2022.

Did you know there are thousands of digital currencies, with more being added every month? Curious new crypto investors need to start by making decisions about how to invest, including how to store their digital assets. Investors will need to evaluate where and how to transact in cryptocurrencies, and whether staking tokens—a way of earning

One of the leading crypto market makers, Wintermute, has lost about $160 million in a hack, becoming the latest crypto firm to suffer a breach. Wintermute’s CEO and founder, Evgeny Gaevoy, revealed in a series of tweets that the firm’s decentralized finance operations were compromised on Sept. 20. A crypto market maker provides liquidity on

If you can walk into a supermarket and find Costa Rican bananas, Brazilian coffee, and a bottle of South African wine, you’re experiencing the impacts of international trade. International trade is the purchase and sale of goods and services by companies in different countries. Consumer goods, raw materials, food, and machinery all are bought and

Editor’s note: Below you’ll find the week 106 release of the NYC Recovery Index, originally published September 13, 2022. Visit the NYC Recovery index homepage for the latest data. New York City’s economic recovery made strong gains in the week ending September 4, 2022, as the index score rose to a score of 76 out

It shouldn’t have to be your responsibility to avoid getting scammed out of your 401(k) plan contributions. Unfortunately, there are selfish, entitled, and desperate people in the world whose dysfunctional moral compass tells them it’s okay to steal others’ money. Here’s what to look out for so you can reduce your chances of being fleeced

CEOs of some of the biggest banks in the country are expected to appear before the House Financial Services Committee today and the Senate Banking Committee tomorrow. The title of the hearings is “Holding Megabanks Accountable.” JPMorgan’s Jamie Dimon, Bank of America’s Brian Moynihan, Citi’s Jane Fraser, and Wells Fargo’s Charles Scharf will all be in attendance,

The world has changed substantially thanks to the COVID-19 pandemic. Nowhere is this more evident than in the travel and tourism industry and the workforce. Economic losses continue to mount in tourism-dependent countries as people remain reluctant to travel. And employers now allow their staff to operate outside the office—something most companies see for the

What Is the American Families Plan? Frequently described as an “ambitious” plan to reinvigorate American households, the American Families Plan is one part of the Biden administration’s larger economic recovery framework, “Build Back Better,” which the White House says will restore the middle class and help families make ends meet. The $1.8 trillion families plan

ETF vs. Mutual Fund Tax Efficiency: An Overview Tax considerations for mutual funds and exchange-traded funds (ETFs) can seem overwhelming but, in general, starting with the basics for taxable investments can help to break things down. First, it’s important to know that there are some exemptions to taxation altogether, namely Treasury and municipal securities, so

General Electric Co. (GE) is a multinational industrial company. GE provides a range of products and services, including aircraft engines, power generation, oil and gas production equipment, medical imaging, financing, and more. The company operates through the following segments: Power, Renewable Energy, Aviation, Healthcare, and a financial services segment called GE Capital. The top shareholders

Some experts have warned that Bitcoin could experience a new low, sending its price down to $12,000. A series of macroeconomic events, such as the rise in the federal reserve rate and inflation data, have played a significant role in predicting the price of Bitcoin. The prediction has come at a time when the crypto

After three weeks of only wavering, certificate of deposit (CD) rates started making moves this past week, though some terms’ top rate climbed, others dipped, and some remained flat. The next Fed rate announcement will occur tomorrow, with a large or very large rate hike expected, so CD terms are likely to show a general

Over the past 25 to 30 years there has been a major shift in retirement plan schemes offered by private-sector employers, from the traditional defined-benefit plan (DB plan) to the more contemporary defined-contribution plan (DC plan). Traditional DB plans, commonly referred to as pensions, typically provide a guaranteed monthly income to employees when they retire

The Consumer Financial Protection Bureau (CFPB) released its 2021 Mortgage Market Activity and Trends report on Monday, which covers residential mortgage lending activity and trends for the year. In particular, the report shows that an increase in activity was driven primarily by home purchase loans, signaling an end to the refinancing boom, and that the

Advanced Micro Devices Inc. (AMD) is a global semiconductor company. It sells microprocessors, chipsets, graphics processing units (GPUs), development services, server and embedded processors, and technology for game consoles. The company has two major segments: Computing and Graphics; and Enterprise, Embedded and Semi-Custom. The top shareholders of AMD are Dr. Lisa T. Su, Harry A.

After his attempt at a dot-com company failed, Nicholas Woodman traveled to Australia and Indonesia. While he was abroad, he realized that he could sell waterproof cameras. In 2002, Woodman founded Woodman Labs, the parent company of GoPro (GPRO). GoPro makes some of the most versatile cameras in the world. These products are capable of

There are a number of reasons to consider a Roth individual retirement account (IRA) rollover, which moves funds from an existing traditional IRA (or another retirement account) into a Roth IRA. A Roth conversion is especially attractive if you expect your future tax rate to be higher than your current rate. And if your earnings

On September 20, Nasdaq (NDAQ) announced the launch of “Nasdaq Digital Assets,” a new business that will provide a cryptocurrency custody service to institutional investors. Key Takeaways Nasdaq competes with established crypto players such as Coinbase to attract institutional investors. The stock market operator offers crypto custody as well as expands its services. It has

Once you are finally ready to make payments on your student loans, it might seem like a pretty straightforward thing to do—just start paying, right? But depending on when you pay and even when you don’t pay, you can get burned and end up owing your lender way more money than you assumed you would.