Month: April 2021

When it comes to index funds, Vanguard has led the way from the very beginning. In 1976, it created the very first index mutual fund, the Vanguard 500 Index Fund (VFIAX). Ten years later, the group introduced the Vanguard Total Bond Market Index Fund (VBTLX). Looking to innovate, Vanguard introduced an “index fund of index funds”
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US economic growth received a boost in the first three months of 2021 from massive fiscal stimulus that fuelled consumer spending, as well as looser lockdown restrictions, bringing output close to pre-pandemic levels. Gross domestic product advanced 6.4 per cent on an annualised basis in the first quarter, the commerce department said on Thursday. That
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Spanning more than a century (and some 600 pages), moving between contemporary Hollywood, Prohibition-era Montana, wartime London, Alaska, Seattle and New Zealand, Maggie Shipstead’s accomplished and ambitious third novel Great Circle boasts two memorable heroines. One is Marian Graves, the talented and fearless aviator who develops a lifelong passion for flying in childhood, dreaming only
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A former Morgan Stanley broker will pay $5,000 in fines after FINRA found he bought and sold customers’ securities without their consent, a practice the firm didn’t allow at the time. Constantinos Maniatis agreed this week to pay the fine and be suspended for 30 days while neither admitting nor denying FINRA’s findings that he
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Qualcomm Incorporated (QCOM) reported better-than-expected fiscal 2Q results driven by continued high global demand for smartphones. Adjusted earnings more than doubled to $1.90 per share in 2Q, easily beating Street estimates of $1.67 per share. Notably, EPS results outpaced the company’s guidance range of $1.55-$1.75 per share. Total revenues grew 52% year-over-year to $7.93 billion
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Kenny Kane is the Chief Operating Officer at Firmspace.  On the other side of the one-year anniversary of the pandemic, experts across industries have been taking stock of their losses and gains. For those of us in commercial real estate, this exercise almost feels premature. In every city in America, companies big and small are starting
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Congestion pricing, a Manhattan Greenway, open-streets programs and a plethora of other uses are all at play as New York weighs recrafting its streets amid its emergence from COVID-19. “This is a long-term conversation that we and other cities are having, as to the use of the streets,” said Kathryn Wylde, president of the business
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Editor’s Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today’s must-read news and expert opinions. Sign up here! (Kitco News) – Gold is trading flat this morning leading into the European session open, the yellow metal did seem to reject downside
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There are many reasons the Cartel is about to give silver a good old-fashioned pummeling, and this time, the reasons have nothing to do with madness… (by Half Dollar) I’m still bearish on silver in the short-term for several reasons (three listed below) that nobody seems willing to discuss, but these reasons are indeed various
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Vanguard allows participants to borrow against funds available in their 401(k) plan but certain conditions must be met. Here’s a look at how it works and some of the pros and cons to consider before borrowing from your 401(k). 401(k) Loan Requirements at Vanguard Participants can apply for a loan online or by phone. Vanguard
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“No SALT, no dice.” That’s the message New Jersey Representative Josh Gottheimer and other Democratic lawmakers from high-tax states are giving President Biden. The group says they’ll withhold support for Biden’s sweeping social-spending package if it doesn’t include a repeal of the federal cap on deductions for state and local taxes, or SALT. Before the
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Mastercard (MA) is to become the exclusive card network for Gemini’s cryptocurrency rewards credit card. The cryptocurrency platform has selected the payment giant, along with WebBank, to offer several innovative features as part of the offering. The Gemini Credit Card, powered by Mastercard, will offer an easy way of acquiring Bitcoin and other cryptocurrencies. In
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South African property developer, New Age Properties, says it has partnered with Sun Exchange, an online leasing platform, as part of an effort to bring cheap and clean energy to low-income earners. Bitcoin for Solar Cells According to the two companies’ working arrangement, Sun Exchange, which also accepts payment in BTC form, will enable buyers
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Alex Oh, who was named head of the Securities and Exchange Commission’s vaunted enforcement division last week, abruptly resigned, an early setback for Gary Gensler’s tenure running the Wall Street regulator. The surprise move, announced Wednesday in an SEC statement, means Gensler won’t have his preferred pick leading what’s arguably the agency’s most important division.
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