Check out the companies making headlines in extended trading: Nike — Shares soared 10%. The sneaker company announced that CEO John Donahoe would step down from the role on Oct. 13. Nike veteran Elliott Hill, who had been at the company for 32 years before retiring in 2020, will...
Check out the companies making headlines in midday trading: Tech stocks — Key tech names rallied a day after the Federal Reserve's supersized rate cut decision. Tesla and Meta jumped around 7% and 4%, respectively, while chip darlings Nvidia and ASML each advanced more than 5%. Edgewise Therapeutics —...
Federal Reserve Chair Jerome Powell has unveiled his latest buzzword to describe monetary policy, with a "recalibration" of policy at a pivotal moment for the central bank.At his news conference following Wednesday's open market committee meeting, Powell used variations of the word no fewer than eight times as he...
LAS VEGAS, United States, September 19th, 2024, ChainwireBlockchain storage layer Xandeum has announced that it will reveal its blueprint for scaling Solana storage at Breakpoint 2024 on September 20, 2024. At the flagship Solana conference in Singapore, Xandeum will also share details of its new storage-enabled liquid staking program...
Gregg Greenberg spent 14 years as a journalist at TheStreet.com where he wrote the highly popular column "The 5 Dumbest Things on Wall Street This Week". His work has appeared in magazines ranging from Glamour to ESPN the Magazine, and on humor sites such as Points in Case.
Paris-headquartered BNP Paribas has announced that it is under scrutiny by the Securities and Exchange Commission and the Commodity Futures Trading Commission for its personnel’s noncompliant use of communication tools, violating archiving protocols. Although BNP Paribas reported better-than-expected figures for Q2, and would have beaten last year’s profit numbers without...
Faith is a powerful thing but when people are persuaded to believe in too-good-to-be-true investments, it can also be costly. The SEC has charged Brent Seaman of Naples, Florida, with fraudulently raising around $35 million from 60 investors, including fellow members of his church, in what he said were “safe”...
Eyecrave Productions | E+ | Getty ImagesWhen it comes to living and retiring comfortably, Americans have some big numbers in mind for what they will need.Blame high inflation, which peaked at an annual rate of 9.1% in June 2022, according to consumer price index data.While the pace of price...
An SEC proposal to eliminate conflicts of interest in financial advisors’ use of technology that predicts investor behavior is raising concerns about how it will work with Regulation Best Interest. A split Securities and Exchange Commission voted 3-2 Wednesday to release a proposal for public comment that would require brokerages...
Peter Cade | Getty ImagesHigher earners maximizing savings ahead of retirement may soon lose a tax break, thanks to 401(k) changes enacted last year.If you're 50 or older, you can funnel extra money into your 401(k), known as "catch-up contributions." For 2023, eligible workers can save another $7,500 after...
The European Central Bank announced a new rate decision Thursday.Daniel Roland | AFP | Getty ImagesThe European Central Bank on Thursday announced a new rate increase of a quarter percentage point, bringing its main rate to 3.75%.The latest move completes a full year of consecutive rate hikes in the...
With Congress seeking to tamp down on ESG and the first 401(k) lawsuit over ESG having been filed, some employers are scared about the idea of including sustainable investment options in their retirement plans. More than 70% of retirement plan consultants and aggregators say that political uncertainty is a leading...
