Investing

Lower interest rates increase business investment by making it cheaper and easier for businesses to borrow money in order to finance new projects. They have much the same effect on consumers, who might act on a major new purchase or buy a home because low financing rates make it achievable. Lowering interest rates to boost

It takes audacity — and hubris — to compare JPMorgan to the China Communist party. But chief executive Jamie Dimon may have had a point, despite his later expressions of regret for joking his bank would “last longer”. How do they stack up? One is a preppy Wall Street bank with quarter of a million

Yes, it’s inevitable: That cash bonus for a job well done can result in you paying a more significant chunk of money to the Internal Revenue Service (IRS). To start, the IRS considers bonuses to be supplemental wages, which means your employer is required to immediately withhold 22% of your windfall. You could get some

Investors have spent the past year learning to relax about the pandemic, lulled by abundant stimulus and expectations that vaccines would keep the virus in check. That sense of calm was shattered on Friday. Global stock markets tumbled by the most in a year, shaken by the discovery of a new coronavirus variant in Botswana

Americans were expected to open their wallets on Black Friday even after getting a jump on holiday spending in the weeks before, undaunted by higher prices and less generous discounts. The day after the US Thanksgiving holiday has traditionally drawn consumers chasing deals in stores and online. Almost two-thirds of Black Friday shoppers in the

Net present value (NPV) is a method used to determine the current value of all future cash flows generated by a project, including the initial capital investment. It is widely used in capital budgeting to establish which projects are likely to turn the greatest profit. The formula for NPV varies depending on the number and consistency of future cash flows.

Jim Cramer Scott Mlyn | CNBC Friday’s sharp decline for stocks, spurred by concerns over a new Covid-19 variant, is not a buying opportunity, according to CNBC’s Jim Cramer. “We’re going to wake up next week and find one [case] in this country, and I’m not going to recommend anyone buy anything today until we’re

Equities on Wall Street joined a global decline on Friday as investors dashed out of shares in companies most exposed to the pandemic and sought shelter in havens after the discovery of a new coronavirus variant. The blue-chip S&P 500 stock index dropped 1.4 per cent in early dealings, with the more tech-focused Nasdaq Composite

Roland Mouret, whose Galaxy dress has been a favourite with celebrities including Meghan Markle, has put his eponymous high-end fashion label into administration. Following difficult trading during the pandemic, the company called in administrators, according to a Companies House filing, and on Thursday let go of its roughly 50 staff, emptying its flagship store and

The simplified employee pension individual retirement account (SEP IRA) is a cost-effective option for small business owners who want to offer retirement benefits to their employees. The employer may also contribute to their own SEP account. As the name implies, setting up and managing a SEP IRA is streamlined compared to procedures for establishing and

How well did you keep up with the news this week? Take our quiz to find out. The UK will place six southern African countries back on its red list of travel restrictions after a surge in cases of a heavily mutated coronavirus variant caused alarm among global health officials. Travellers returning from South Africa, Botswana,

Keogh vs. IRA: An Overview A Keogh plan (pronounced KEE-oh), or HR10, is an employer-funded, tax-deferred retirement plan designed for unincorporated businesses or self-employed persons. Contributions to it must come from net earnings from self-employment. The term itself is outdated. The Internal Revenue Service (IRS) now calls them “qualified plans.” An individual retirement account (IRA),

The UK will place six southern African countries back on its red list of travel restrictions, after an apparent surge in cases of a heavily mutated coronavirus variant caused alarm among global health officials. Travellers returning from South Africa, Botswana, Namibia, Zimbabwe, Lesotho and Eswatini will be forced to quarantine for 10 days at a

No matter your age, you probably have a lot of questions and concerns about saving for retirement. How to save for it, what options are available, and—most importantly—how much money should you be socking away? One of the most common ways to start saving for retirement is through an employer-sponsored 401(k) plan. Many companies offer them,

Soaring inflation means Black Friday shoppers will find bargains harder to find this year. Fresh highs for equity markets mean cheap deals are also eluding investment managers. Increasingly, there are questions over whether stocks are overvalued. Remaining bulls point to the strength of earnings and growth forecasts to support their case. Pessimists believe equities are

After the most remarkable and chaotic day in modern Swedish political history, Magdalena Andersson — prime minister for just seven hours on Wednesday before resigning — could agree on one thing with her opponents: the country’s politics is a mess. Within one day all the tensions brewing over the past decade as a result of

The S&P 500 measures the value of the stocks of the 500 largest corporations by market capitalization listed on the New York Stock Exchange or Nasdaq Composite. The intention of Standard & Poor’s is to have a price that provides a quick look at the stock market and economy. Indeed, the S&P 500 index is

In this article TSLA AAPL Closely watched money manager Cathie Wood told CNBC on Wednesday that Apple could have owned the driverless vehicle market by purchasing Tesla when given the chance during the electric vehicle maker’s troubled Model 3 ramp-up. “We’ve been watching Apple very carefully for years now. Because what is an autonomous vehicle?

DBS Bank, south-east Asia’s largest lender, said late Wednesday its online services were returning to normal after two days of outages. The Singapore-based bank said a glitch left many customers unable to log into their accounts. Disruptions began on Tuesday morning, DBS said. “We have since been working round the clock, together with our third-party

Good morning and welcome to Europe Express. The wait is over. Germany has a new government, Olaf Scholz is set to become chancellor, Christian Lindner from the pro-business Free Democrats scoops up the finance ministry, Green leader Robert Habeck will be the minister for economy and climate, with co-leader Annalena Baerbock as foreign minister. I’ll

QuickBooks vs. Quicken: An Overview QuickBooks and Quicken are two of the most widely used financial management tools in the world. Both programs were part of Intuit (INTU), but Quicken was sold to H.I.G Capital in 2016. Both QuickBooks and Quicken have unique feature sets designed for different uses. Read on to find what each

In this article M FTCH Betsie Van der Meer | DigitalVision | Getty Images With holiday shopping on my mind and Black Friday in plain sight, I’m laser-focused on the retail sector and its participation in my clients’ investment portfolios. Last week was big for consumers: October retail sales numbers beat expectations, and we had

The UK is to overhaul its development investment arm in a move designed to counterbalance China’s influence in emerging countries by offering “alternatives” to taking on “strings-attached debt”. Liz Truss, UK foreign secretary, will launch British International Investment (BII) on Thursday, a body that will leverage private capital to invest in countries across Asia, Africa

More than 30 people have drowned during an attempt to cross the English Channel from France in the worst accident in a surge of clandestine small-boat crossings that have frayed relations between French and British authorities. French officials said they were alerted to the disaster by the crew of a fishing boat who saw people

Everyone must make applicable Social Security contributions on income, even those working past full retirement age. Working past full retirement age may also increase Social Security benefits in the future because Social Security contributions continue to be paid in. Key Takeaways Depending on your income, you might pay income tax on part of your Social

Catherine Wood, chief executive officer of ARK Investment Management LLC, speaks during the Milken Institute Global Conference in Beverly Hills, California, on Monday, Oct. 18, 2021. Kyle Grillot | Bloomberg | Getty Images This is a breaking news story. Please check back for updates. Cathie Wood — known for her aggressive innovation ETFs — said

European regulators will examine whether lenders downplayed the potential cost of bad loans during the pandemic by sidestepping new accounting rules on when provisions should be taken against entire industries. The European Banking Authority, which sets rules for lenders in the bloc, said bank loan-loss provisions could have been “significantly affected” by their failure to

The next iteration of the internet requires some magical thinking. Web3 is a tech utopia. It envisages a world of decentralised collaboration that would end the supremacy of major companies by wiping out lucrative markets for data collection and digital advertising. Yet building that world would require exactly the sort of investment that only Big

Editor’s note: Below you’ll find the week 65 release of the NYC Recovery Index, originally published November 16, 2021. Visit the NYC Recovery index homepage for the latest data. New York City’s economic recovery index recaptured some of its losses the week prior, rising just over two points to a score of 80 as of

NASA’s Double Asteroid Redirection Test (DART) spacecraft is put in the nosecone of SpaceX’s Falcon 9 rocket in preparation for launch. Ed Whitma / Johns Hopkins APL / NASA Elon Musk’s SpaceX is set to launch a first-of-its-kind planetary defense mission for NASA in the early hours of Wednesday morning, sending the spacecraft on its