Investing News

Key Takeaways Bank of America’s 3Q net interest margin came in above analyst estimates. Net interest margin is a measure of the difference between the interest banks earn on their assets and the interest they pay out to depositors and other creditors. The bank’s earnings per share (EPS), profit, and revenue also topped predictions. Source:

If you’re eligible for Social Security benefits, you’ll have a choice of when to start collecting them: early (as soon as age 62), at your “full” or “normal” retirement age (65 to 67, depending on the year of your birth), or late (up to age 70). This article explains the pros and cons of claiming

Third quarter earnings season has barely begun and already analysts are worried about the final three months of the year. “Guidance is going to be terrible,” BofA strategists recently said in a note to clients, adding that the lender expects them to deteriorate even further. Key Takeaways Factors including a strong dollar, inflation, and weakening

Medicare is the nation’s health care program for citizens aged 65 years and up, and younger people who meet certain eligibility criteria. Medicare Part A, Part B, Part C, and Part D cover many major medical expenses for participants. Choosing the right Medicare plan can be confusing, and it may be difficult to decipher all

The Goldman Sachs Group, Inc. (GS) reportedly is on the verge of announcing a major reorganization, which will put its biggest businesses into three divisions. One division will house Goldman’s investment banking and trading operations. The second will include its wealth management and asset management businesses, as well as its Marcus online consumer banking unit.

President Biden said on Oct. 17 that the application for his student debt relief program has exited its beta phase and has officially launched. Eligible borrowers who apply before Dec. 31, 2023 could have up to $20,000 of their student debt forgiven. Key Takeaways Up to $20,000 in student debt relief is now available for

Key Takeaways Analysts estimate EPS of $2.12 vs. $3.19 in Q3 FY 2021. Global paid streaming memberships are expected to rise YOY at the slowest pace in at least six years. Revenue is expected to rise YOY at the slowest pace since at least 2016 as it faces increasing competition in the streaming entertainment market.

The International Monetary Market (IMM) was introduced in December 1971 and formally implemented in May 1972, although its roots can be traced to the end of Bretton Woods through the 1971 Smithsonian Agreement and Nixon’s suspension of U.S. dollar’s convertibility to gold. The IMM Exchange was formed as a separate division of the Chicago Mercantile

E*TRADE and Fidelity are full-service online brokers that have been around for decades. Founded in 1982, E*TRADE was one of the first U.S. brokers to offer online trading services. The firm positioned itself as one of the best online brokers for options trading after acquiring OptionsHouse in 2016 and integrating a quiver of OptionsHouse tools

One step forward, one-and-a-half steps back. U.S. markets are having a hard time getting traction these days, and the volatility has been kind-of extreme lately. Big rallies have been followed by even bigger selloffs, which is exactly what we see when we look at historical bear markets searching for the bottom. The downward turn is

Friday saw mortgage rates retreat from the spike they registered Thursday, with the 30-year average shedding almost a third of a percentage point from its latest 20-year peak. Today’s National Mortgage Rate Averages After setting a new 20-year peak Thursday, 30-year loan rates took a big step back to end the week. Retreating by three-tenths

Mastercard plans to introduce a service that will let financial institutions offer to currency by acting as a bridge to the Paxos trading platform already used by PayPal. Mastercard will handle security and compliance. Key Takeaways Mastercard is launching a program to let financial institutions offer cryptocurrency trading to their customers. The payment giant will

Americans have been complaining about the cost of living since Colonial days. But actually measuring it, and determining how it changes over time, have always been a challenge. It was just a century ago, in 1921, that the U.S. government started publishing a national Consumer Price Index (CPI), based on living costs across major cities.

If you are racking your brains trying to figure out what to get your loved ones as a holiday gift, consider adding bonds to your shortlist. These investments aren’t particularly racy, so don’t expect such a gift to be met with extreme initial excitement. Hugs and high fives are usually spurred by instant gratification, not

Transactions that are made within an individual retirement account (IRA) are not taxable. Stocks, funds, and other securities can be purchased and sold within an IRA account without triggering any consequences. Potential tax consequences are only triggered when money is withdrawn from an IRA account altogether. Key Takeaways Sales and purchases—of stocks, bonds, funds, ETFs,

A balanced fund is a mutual fund that contains a stock component, a bond component, and sometimes a money market component in a single portfolio. Generally, these funds stick to a relatively fixed mix of stocks and bonds. Their holdings are balanced between equity and debt with their objective between growth and income. Hence, their name is

China has steadily accumulated U.S. Treasury securities over the last few decades. As of Q3 2022, the Asian nation owns nearly $1 trillion, or about 3.2%, of the $31.1 trillion U.S. national debt at the time. That was more than any other foreign country except Japan. As the trade war between the two economies escalates,

Today, many of us find ourselves with multiple bank accounts. Maybe we opened one back in college and it still has a balance. Perhaps another was opened for work. Yet another as a joint account with a spouse. Another had a really good deal on a 1-year CD. Regardless, at some point you may be

“Sustainability” and “sustainable investing” are among the latest buzzwords in the exchange-traded funds (ETFs) industry. These funds cater to people who want to be certain that their money is invested in companies that are committed to environmental, social, and governance awareness. The sentiment has spawned its own acronym, ESG. There are now nearly 70 ETFs

Whether your intended recipient is interested in investing or drawn to the allure of precious metals, consider the benefits of offering gold or silver as a gift. These investments provide a strong store of value with little risk of depreciating over time, and they are especially beneficial during times of economic instability. And many recipients