News

A 401(k) rollover is 'the single largest transaction' many investors make, expert says. What to know before doing it

A rollover may be the largest financial transaction a household ever makes. There are pros and cons to consider.

There's now a juiced-up way to get 4 times the return of the S&P 500 — but it comes with many risks

BMO announced the launch of the Max SPX 500 4x leveraged ETNs, which will be the highest leveraged exchange traded products in the U.S., according to CFRA.

Wells Fargo CEO warns of severance costs of nearly $1 billion in fourth quarter as layoffs loom

Wells Fargo CEO Charlie Scharf said low staff turnover means the company would likely book a large severance expense in the fourth quarter.

U.S. export controls need to 'change constantly' even if it's tough for businesses, Secretary Raimondo says

U.S. Commerce Secretary Gina Raimondo told CNBC in an exclusive interview that more controls on tech exports to China will be coming, despite business concerns.

Fed needs to cut rates at least five times next year, portfolio manager says

The Federal Reserve needs to cut interest rates at least five times next year to avoid tipping the economy into a recession, according to a portfolio manager.

Manchester United set to confirm 25% stake sale to petrochemicals billionaire Ratcliffe: Report

Manchester United will next week announce that U.K. petrochemicals billionaire Jim Ratcliffe will take a 25% stake in the football club, Sky News said Monday.

'The Psychology of Money' author Morgan Housel gives advice to investors afraid of market downturns

Financial writer Morgan Housel, author of the new book "Same as Ever," discussed the importance of "realizing the inevitable."

Case for gold fever: NewEdge Wealth sees record rush intensifying

"It's been a pretty strong performance for gold — especially when there is a rally in the stock market in November," NewEdge Wealth's Ben Emons said.

Charlie Munger's acumen, wisdom and irreverence: Investors mourn the loss of one-of-a-kind legend

Munger left a mark on generations of investors in a long and fruitful life.

Zero-day commodity options have now entered the ETF space

Investors can now trade commodities with zero-day options-based ETFs. However, experts warn the popular options strategy comes with a risk.

Not saving in your 401(k)? Your employer may re-enroll you

More companies are doing 401(k) "reenrollments" every year. Workers who elected not to participate may have to opt out again.

Watch Federal Reserve Chair Jerome Powell speak live in Atlanta on policy

Federal Reserve Chairman Jerome Powell speaks Friday to an audience at Spelman College in Atlanta.
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