News

Bitcoin soared in 2024. How much — if any — should you own?

The crypto asset was the top performer in 2024, rising about 125%. But finance pros say bitcoin should generally not account for over 5% of your portfolio.

Insurance stocks sell off sharply as potential losses tied to LA wildfires increase

AllState, Chubb and Travelers are the most exposed carriers to insured losses in the wildfires, according to JPMorgan.

Fed Governor Bowman says December interest rate cut should be the last

Bowman said Thursday she supported the recent interest rate cuts but doesn't see the need to go any further.

Fed officials are worried about the inflation impacts from Trump's policies, minutes show

The Federal Reserve on Wednesday released minutes from its December meeting.

Wall Street notches another win as Fed's Barr clears the way for gentler banking regulator

With Barr's resignation, a more precise image of incoming bank deregulation is forming.

dLocal, Latin America's answer to Stripe, wins UK license in global expansion push

Latin American payments firm dLocal has secured a U.K. payment institution license, adding to its growing portfolio of licenses as it furthers global expansion.

While Apple negotiates Indonesia sales ban, another Chinese smartphone maker is entering the country

Huawei spinoff Honor announced Tuesday it is entering Indonesia and plans to launch its smartphones there by the end of March.

Target-date funds — the most popular 401(k) plan investment — don't work for everyone

Target-date funds are poised to capture about two-thirds of all 401(k) contributions by 2027. While they benefit many investors, others may see drawbacks.

Michael Barr to step down as the Fed's head of banking supervision to avoid clash with Trump

There had been speculation that Trump might replace Barr after he takes office Jan. 20.

Chinese robot vacuum cleaner company reveals model with an AI-powered arm

Chinese robot vacuum cleaner company Roborock says its new model has an artificial intelligence-powered folding arm for removing socks and other obstacles.

Why it's time to tweak your investments after lofty stock returns in 2024

Investors may need to tweak their portfolio holdings following a 23% gain in the S&P 500 index in 2024.

Ken Griffin’s flagship hedge fund at Citadel climbs 15.1% in 2024

The billionaire investor's handful of hedge funds all posted double-digit returns in 2024, led by its tactical trading strategy.
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