The U.S. Federal Reserve has announced its final guideline that might allow crypto banks to enter the banking system. The central bank will set up a three-tiered system for determining whether financial institutions have access. As part of the final guideline, institutions with novel financial products will have access to the fed’s “master accounts” and
The National Association of Insurance Commissioners (NAIC) announced that it has passed the Pet Insurance Model Act, a model law that establishes clear rules for pet insurance sales and requires disclosures for pet owners. The new regulation comes on the heels of sharp growth in annual premiums and new policies in the U.S. Key Takeaways
People shop in a supermarket as inflation affected consumer prices in New York City, June 10, 2022. Andrew Kelly | Reuters Consumers are expected to have spent just slightly more in July, but they may have boosted what they spent online in a big way. U.S. retail sales will be reported Wednesday at 8:30 a.m.
With the risk-off trade dominating amid economic uncertainty, investors’ enthusiasm for penny stocks has dwindled. The focus has instead been on blue chips and deeply undervalued growth stocks. In any market conditions, though, there are penny stocks that will outperform. Allocating a small portion of your portfolio to select penny stocks could boost your overall
The S&P 500—short for the Standard & Poor’s 500 Index—is a market-capitalization-weighted index of 500 leading publicly traded companies in the U.S. While it assumed its present size (and name) in 1957, the S&P actually dates back to the 1920s, becoming a composite index tracking 90 stocks in 1926. The average annualized return since its inception in 1926
House and Senate Democrats and staff celebrated the signing into law of the Inflation Reduction Act of 2022 by President Joe Biden on Tuesday, Aug. 16, 2022. “For a while, people doubted whether (this) was going to happen, but we are in a season of substance,” said the president. “Today offers further proof that the
When planning a wedding, choosing the right venue matters. A destination wedding is something you may consider if you’d like to tie the knot someplace memorable. Destination weddings are ceremonies that are hosted away from the couple’s hometown and usually require travel for the wedding party and guests. Key Takeaways A destination wedding takes place
Homeowners who want to add energy-efficient features to their home can save substantial money in utilities bills, but they have other costs to consider. Along with the potential for savings on energy costs, energy-efficient features can provide a number of benefits for the environment and for the occupants’ health. However, the technology that helps a
The bear market of 2022 has many investors down. Not only have many lost money, but there are also fears that a recession is imminent. That would lead to further losses and an overall souring across society. That said, there’s certainly money to be made. It was Warren Buffett who famously said, “Be fearful when
The beaten-down stock market has created an opportunity for contrarian investors in short-squeeze stocks. Essentially, bearish traders must borrow the underlying securities which they are pessimistic about. However, bullish traders en masse can deliberately bid up heavily shorted names, forcing the bears to buy back borrowed equities. Experts refer to the resulting upside panic as
The electric auto industry is comprised of companies focused on the manufacture of electric cars, trucks, vans, and commercial vehicles, as well as companies that offer electric automobile parts and services. While some traditional automakers also produce electric vehicles (EV), this article focuses on companies considered to be largely pure-play electric vehicle manufacturers. The electric
The American Rescue Plan Act of 2021 is a $1.9 trillion economic stimulus bill passed in March 2021 that lowered premium costs for million of people. The legislation allowed people to claim higher tax credits if they have a health insurance plan purchased through the Affordable Care Act (ACA) marketplace. The net effect was that
As a nearly trillion-dollar company by market capitalization, everyday there’s news about Tesla (NASDAQ:TSLA) stock. However, one of the news items making the most headlines now about the electric vehicle (EV) maker is the potential upside from forthcoming changes to the U.S.’s EV tax credit. U.S. Congress has passed the Inflation Reduction Act, and President
Mortgage rates had a quiet day Monday, with most averages dipping just slightly lower or remaining flat. It follows a week-and-a-half period of dramatic up and down swings for the 30-year average. Today’s National Mortgage Rate Averages The 30-year average took a relative breather Monday, with only its second day in 12 registering a minimal
Do you think I’d be writing for InvestorPlace if I knew the three top stocks to invest in right now? Of course not. Then again, no one knows the three best stocks to invest in at any given time. That’s why hedge fund investors like Jim Simons are so successful. His firm, Renaissance Technologies, uses
In this article BBBY HD NUN-MX SNOW ALLY BHP Vehicles pass a Walmart store in Torrance, California, on Sunday, May 15, 2022. Bing Guan | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Walmart, Home Depot — The retailers’ shares rose about 5% each after both companies reported better-than-expected earnings
Macy’s Inc. (M) is one of the most recognizable retail chains in the United States, operating Macy’s and Bloomingdale’s department stores as well as Macy’s Backstage, Bloomingdale’s, Bloomingdale’s Outlet, and Bluemercury franchises. In total, the company has 725 stores in operation, according to its annual report. Macy’s, the largest retail brand, accounts for approximately 510
The climate and energy provisions within the budget recently passed by Congress have the electric vehicle (EV) sector buzzing. Clearly, some EV makers will gain from the legislation and some will lose, so investors must have their due diligence in place when investing in EV stocks. The two obvious goals of the bill are to make
Jobs in the financial sector can be highly lucrative, which helps explain why they’re in such great demand. Of course, breaking into the world of finance isn’t easy, as entry qualifications can be as lofty as the salaries. At a minimum, most jobs require a four-year degree, and many professionals have advanced degrees in business,
The neonatal intensive care unit (NICU) is designed to provide round-the-clock healthcare for babies who are born prematurely or with life-threatening health conditions. A NICU stay can be emotional and stressful for parents and there may be financial aftershocks once medical bills begin arriving. Newborn intensive care costs can be significantly higher than standard newborn