Trump Media& Technology Group, whose flagship product is social networking site Truth Social, will begin trading on the Nasdaq stock market on Tuesday. The common stock of Trump Media& Technology Group will trade under the ticker symbol "DJT." Multiply that by Digital World's closing stock price Friday of $36.94, and the total value of his stake could be nearly $3…
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Many Americans have no plans to discuss wealth transfer with families
More than a third of Americans (35%) do not plan on discussing transfer of wealth with their families, according to recent research.
A $70 million settlement in a whistleblower lawsuit against eight of the nation’s largest banks has been finalized and executed,…
Congress unlikely to take up health care, retirement issues this year
However, some bipartisan health care reforms could come before Congress at the end of 2024.
Prudential's Robert Fishbein highlights important financial planning to-dos before April 15.. "Some people are calling 2025 the Super Bowl of taxes," says Robert Fishbein, vice president, Tax. Many tax filers often forget, or do not realize, that if you sell furniture, clothing, tickets or anything else through a third-party marketplace, like eBay, Amazon or StubHub,…
Durkin brings the latest business headlines from the floor of the New York Stock Exchange as markets open for trading Thursday, March 21. Durkin- reporting from the New York Stock Exchange. This comes after the Federal Reserve held interest rates steady with Chair Jerome Powell reiterating expectations for three rate cuts later in 2024..
What do consumers want from financial services firms?
A new report is shedding light on consumer wants, including the need for clear and understandable fees and unbiased service.
6 takeaways from the Fed's rate decision
The Federal Reserve announced March 20 that it was holding its key lending rate, the Federal Funds Rate, at current levels and suggested it will be cutting rates soon. Here are the five biggest takeaways from the decision announcement and the news conference Chairman Jerome Powell held after the announcement. Why it's important: The fed funds rate is the…
NEW YORK– U.S. stocks rallied to records Wednesday after the Federal Reserve indicated it's likely to deliver the cuts to interest rates this year that Wall Street craves, despite some discouragingly high inflation reports. That's the same number as they had penciled in three months earlier, and expectations for the relief that such cuts would provide are a big…
The Federal Reserve is expected to leave interest rates unchanged at their March meeting, CHS Hedging said. "Minutes from the meeting will be released at 1 pm CT today and Fed Chairman Powell will speak at 1:30pm," they said. "China's central bank left their one-year loan prime interest rate unchanged at 3.45%, as expected," CHS Hedging noted.
A majority of financial advisors surveyed (89%) report clients have a wealth transfer plan in place and many financial advisors say clients are engaging their families in these discussions, according to new research from Edward Jones and Morning Consult.
Investors are optimistic despite looming election anxiety
A survey of CFP professionals found that American investors are overwhelmingly optimistic, with 6 in 7 CFP professionals reporting that their clients have a positive outlook for 2024 despite ongoing economic uncertainty.
The Collaborative for Equitable Retirement SavingsĀ today published its first report, āRacial and Gender Disparities in 401(k) Account Balances: How Large are They and What is Causing Them?
Jennifer Updike and Lewis Fredette, of Auburn, New York, got engaged in December 2023. But because they both receive Supplemental Security Incomeā commonly referred to as SSIā theyā ll lose about $300 in combined income monthly if they get married due to the resource limits that the National Council on Disability calls theā marriage penalty.ā SSI resource limits…
A domino effect occurs each time the Federal Reserve changes interest rates. An increase leads to higher rates for consumers when they borrow, while paving the way to better returns for savings accounts. A decrease results in paying less interest when borrowing money, but also causes a drop in how much your savings can earn.
The Commerce Department is expected to report Tuesday that builders broke ground on new apartments and single-family homes last month at a faster annual pace than Januaryā s 1.33 million-units. The Federal Reserve delivers its latest interest rate policy update Wednesday, following a two-day meeting of its policymakers. The National Association of…
Even as Sam Bankman-Fried faces decades in prison at his sentencing hearing later this month, the cryptocurrency market he promoted is staging a historic comeback. Since October, when a federal jury convicted Bankman-Fried of conducting a massive fraud, the price of bitcoin has more than doubled. That prospect is certain to be part of Bankman-Friedā s plea for…
Helping professional women grow and protect their wealth
Women who are in high tax brackets tend to be busy professionals who donāt have the time to manage their money or plan for their financial future. So they turn to someone like Samantha Holowka for help.
Level of financial insecurity remains high, study finds
While Americans have a more optimistic view of U.S. economy than they once did, their feelings of financial security have hit a record high.
Three money moves to help women minimize financial stress
Research identifies three financial behaviors to help women of all ages and income levels reduce their financial stress.
