Text size Northrop Grumman said it would raise its stock dividend. Courtesy of Northrop Grumman American Tower , Chubb , and Northrop Grumman were among the U.S. companies this week that announced pla...
Tag: Banking
A bear-market rally could be lurking, but investors should ‘sell any rips,’ says Bank of America
Despite the extensive losses seen for stock markets so far this year, it’s not over until it’s over — and investors should keep selling into any big rebounds higher. That’s the advice from a team of s...
Crypto Investment Now Offered to Rich Clients by One of Oldest Swiss Banking Corporations
Yuri Molchan Julius Baer ventures into offering crypto investing to its wealthy customers, seeing the current situation on the market as defining moment for crypto Contents Julius Baer ventures into c...
Australian Banking Giant Halts Crypto Trading Pilot Amid Regulatory Uncertainty
Commonwealth Bank (CommBank), the largest bank in Australia, has reportedly suspended its planned in-app cryptocurrency trading pilot without setting a new timeframe for when it would resume the servi...
Why one hedge-fund manager invests in Bank of America and says Tether’s days are numbered
Guy Spier, the fund manager of the Aquamarine Fund, has no shortage of praise to pour upon Jamie Dimon, the chairman and chief executive of JPMorgan Chase. “The combination of Jamie Dimon and JPMorgan...
Wallex: Blockchain technology to transform digital banking globally
It is critical to evolve in a world that is moving at such a quick pace. Evolution is vital not only for humans but also for the industry to keep up with the times. Tech is enhancing the age-old opera...
5 economists and real estate pros on what mortgage rates will look like for 2022
What should you expect for mortgage interest rates in 2022? Getty Images/iStockphoto Mortgage rates have reached their highest point in 13 years, according to Bankrate’s national survey of lenders. An...
Worried about your investments? Here’s how the smart money made 100% when market gloom was this bad.
The best news for investors that I’ve heard in a long time is that the M.B.A. geniuses who manage the world’s pension funds now hate the stock market with a vengeance. According to the latest comprehe...
Americans are still saving for retirement — and becoming 401(k) millionaires
Americans may be afraid to look at their retirement accounts thanks to stock market volatility, but many investors are still staying the course, according to Fidelity Investments’ most recent data rel...
A ‘summer of pain’ for stocks? Nasdaq Composite could plunge 75% from peak, and S&P 500 skid 45% from top, warns Guggenheim’s Scott Minerd
The carnage playing out in the U.S. stock market on Wednesday is likely an amuse-bouche compared with the devastation on the menu for the bulls in the coming months and years, Guggenheim Partners Glob...
‘I partially support my partner of 12 years as his business is, sadly, failing’: I’m 33, and have $300,000 in company stock. Should I sell those shares to pay off my debt of $56,000?
I am 33 years old, I currently make just over $120,000 a year, including an annual bonus, and my company has gifted me with around $300,000 in equity in the firm, although our stock is brand new, so i...
Japan’s banking giant Nomura set to launch crypto division
Financial Times, in their latest announcement, said that Japanese investment bank Nomura will start a new firm focusing on cryptocurrencies, decentralized financing (Defi), and non-fungible tokens (NF...
Here’s what a modern Volcker-style inflation fight could look like, SocGen says
Federal Reserve Chairman Jerome Powell has begun talking about a “softish landing” for the economy as the central bank squares off against high inflation by raising rates and cutting its nearly $9 tri...
Which of Buffett’s bank stocks might make you the most money?
This is the time of the quarter when investors get to see what changes Warren Buffett and the management team at Berkshire Hathaway have made to the conglomerate’s stock portfolio. The big splash in B...
I pay $2,164 a year in retirement account fees – one month’s worth of contributions – should I leave one of the plans for an IRA instead?
I’m 44, married and have a small family. I have been working a government job for 15 years. I make approximately $41,000 take home per year ($3,416.00/month) after all deductions and savings. I contr...
Is it now or never for a stock rally? Fund managers’ cash pile is the biggest since 2001, says Bank of America
Fearing stagflation and higher interest rates, global money managers have been amassing cash at a level not seen in two decades. That’s according to an “extremely bearish” May survey of global money m...
The Ideal Platform for Sound Financial Management and Digital Banking – crypto.news
Wallex is bridging the gap between the traditional finance and decentralized finance ecosystem by offering users an all-in-one platform that seamlessly handles their financial needs such as payments, ...
He has $100K in credit card debt, $60K in bitcoin. 4 money pros on what to do
What to do when you have crypto assets and debt to contend with. Getty Images/iStockphoto “I have $100K in credit card debt, but $60K in bitcoin. Should I use it to repay the debt, or hold onto bitcoi...
Here’s what just happened that triggers stock market drops 71% of the time, warns Credit Suisse
Wall Street’s in an unusually bullish mood Tuesday morning. Tim Holland, chief investment officer at Orion Advisor Solutions, argues the market has just notched two peaks. Last week, the Labor Departm...
Investment banking giant Nomura to launch crypto services for institutions
Investment banking giant Nomura Holdings, Inc. (“NHI”) today announced the creation of a new digital asset company that will offer institutional clients a comprehensive suite of trading, investor prod...
Warren Buffett’s Berkshire Hathaway reveals new stakes in Paramount, Citigroup
OMAHA, Neb. — Warren Buffett’s company on Monday revealed all the investment moves it made in the first quarter, when it spent more than $51 billion on stocks. But Buffett had already shared the bigge...
SoFi shares have taken too heavy a beating ahead of ‘significant earnings momentum,’ analyst says
SoFi Technologies Inc. shares have taken too much of a beating, according to a Piper Sandler analyst who upgraded the stock Monday. Piper Sandler’s Kevin Barker said in a Monday note to clients that t...
Warren Buffett Buys Stocks On the Dip
Billionaire Warren Buffet has been acquiring stocks on the dip during the recent market downturn and bulking up his stakes in oil companies such as Occidental ( (OXY) – Get Occidental Petroleum ...
Bitcoin ‘not going to take over as an alternative form of money’: Ben Bernanke
Ben Bernanke, former chairman of the Federal Reserve, said that he doesn’t think bitcoin would take over “as an alternative form of money.” Bitcoin BTCUSD, +0.50% and other cryptocurrencies have bee...
Banking the Unbanked: What Does It Mean?
Banks are often regarded as a necessary evil. Even though they make billions of dollars every year, they still offer services without which the modern global economy wouldn’t be possible. For most peo...
The cost of retiree healthcare is climbing— here’s what you should expect to spend
Healthcare costs continue to rise — Americans planning to retire should prepare ahead of time. The average 65-year-old couple retiring in 2022 can expect to spend $315,000 in retirement on healthcare...
SoFi Stock Spikes. Market May Be ‘Over-Discounting’ Growth Potential.
Text size Dreamstime Sofi Technologies stock was spiking Monday after it was upgraded by Piper Sandler analyst Kevin Barker, who said the market may be over-discounting the financial services company’...
HSBC Executive’s Incendiary Climate Comments
The HSBC building is seen at Canary Wharf March 1, 2004 in London, England. The London-based bank, … [+] which operates in 79 countries, gave an upbeat tone for the global economy, including its...