Cathie Wood said that the Securities and Exchange Commission may approve multiple spot-bitcoin ETFs at the same time, reversing an earlier view that her firm would be first in line to get potential approval for the long-awaited product. “I think the SEC, if it’s going to approve a bitcoin ETF,...
Warren Buffett, Berkshire Hathaway CEO and chairman.Cnbc | Nbcuniversal | Getty ImagesBerkshire Hathaway shares rallied to record highs Monday following a strong quarterly report that showed a rebound in insurance operations as well as a massive cash hoard that swelled to nearly $150 billion.Berkshire's Class A shares climbed 3.4% to...
We all know that making better informed, data-driven decisions is critical for investment finance success. This is proven by the ever-growing demand for more sophisticated, easy-to-use tools to handle, visualize, and analyze vast amounts of data. In response to this, Scientific Financial Systems (SFS) announces the integration of Sigma...
Spousal consent would be required to start most distributions from 401(k) plans, under two companion bills sponsored by Democrats in Congress. The legislation aims to make defined-contribution plans more similar to traditional pensions in that regard. Unlike defined-benefit plans, DC plans aren’t legally required to make account holders get sign-off...
Berkshire Hathaway shares just hit a record high on the back of strong second-quarter results, but Wall Street analysts believe it's still not too late to buy Warren Buffett's conglomerate. Investors cheered a strong quarterly repor t that showed a rebound in insurance operations as well as a massive cash...
Cognitive decline is an unfortunate consequence of aging — one that affects as many as two-thirds of people. But new research suggests it hits several groups hardest: those who are white, male and have college degrees. Financial professionals say that the results underscore the importance of planning ahead for Alzheimer’s...
Saving for retirement isn’t going to be a priority for many workers when federal student loan payments resume this fall after a 3½-year hiatus. But an increasing number of employers are extending new perks to workers that recent legislation made possible, including loan repayment assistance and contributions to 401(k)s for...
Just when you think Medicare couldn’t get more complicated, it does. But in this case, the complication is a nice surprise. Did you know that when a Medicare beneficiary dies, their estate or family may be entitled to a refund? First, a little background about Medicare premium payments. When someone enrolls...
The increasing use of artificial intelligence, predictive analytics and other algorithm-based tools in the financial industry has led to some new steps in the ongoing dance of regulators and regulated. As Mark Schoeff Jr. reported in late July, the Securities and Exchange Commission has approved releasing a 243-page proposal...
As America’s population ages, more people are likely to need long-term care in their retirement years and advisors need to bring up that conversation. The care issue is highlighted in a recent survey from the Nationwide Retirement Institute Long-Term Care survey, conducted in partnership with Limra, which found that some...