Articles

The dark side of high-yield savings accounts

Savings yields soared in 2023—and all that interest income is now showing up on people’s tax returns.

This investor made billions on Weight Watchers over 23 years and got out just before the stock imploded

In the history of Wall Street, there has never been an investment quite like Ray Debbane’s legendary Weight Watchers trade.

JPMorgan Chase fined a total of $348.2 million for ‘inadequate’ monitoring and market misconduct

Firm said in February that it had self-identified that some trading wasn’t being picked up by its surveillance platform

Americans are saving more, but hardships linger for a portion of the country

Retirement savings rose in 2023, but so did hardship withdrawals: Vanguard Group

The U.S. reduced the number of $20 bills in circulation in 2022, something it hadn’t done in decades. Here’s why.

There were 11.5 billion $20 bills in circulation in 2022, down from 11.9 billion the year before.

Nvidia is no longer Wall Street’s favorite stock. This company is.

Late in December, Nvidia Corp. topped a list of favorite stocks among analysts working for brokerage firms. But with the stock continuing to soar this year, running the same screen of the S&P 500 produces a different result, with Nvidia no longer even making the top 20.

Elon Musk’s SpaceX successfully launches third Starship flight test

The uncrewed Starship and Super Heavy Rocket blasted off with the rocket’s 33 Raptor engines from SpaceX’s Starbase facility near Boca Chica, Texas, at 9:25 am Eastern time. Stage separation was completed about three minutes later, amid cheers at SpaceX’s headquarters in Hawthorne, Calif.

U.S. Steel’s stock drops as Biden speaks against buyout by Japan’s Nippon Steel

Stock extends losses after President Biden says it’s ‘vital’ for the business to remain in American hands.

Goldman CEO says banks falling short on keeping women in senior-level roles: report

David Solomon says the long-term success of the storied investment bank relies on promoting women to upper management.

Investors should understand pain to stop themselves from making stupid decisions, Man Group says

Investors should better understand how they experience pain to ensure they’re less likely to make stupid decisions in moments of market panic, a new paper says.

Under Armour shake-up shocks Wall Street as ousted CEO wasn’t given enough time

Under Armour surprised investors late Wednesday with the news that its CEO is departing to be replaced by founder and former CEO Kevin Plank.

Jobless claims dip to 209,00 and still show no sign of rising layoffs

The number of Americans who applied for unemployment benefits last week slipped to 209,000 and continued to signal a strong labor market and low level of layoffs.
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