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SEC chairman Jay Clayton testifies during a hearing of the House Financial Services Committee’s subcommittee on Investor Protection, Entrepreneurship, and Capital Markets on June 25. Brendan Smialowski-Pool/Getty Images Many investments available to mom-and-pop investors aren’t appropriate for that audience to buy, and should instead be held by sophisticated investors, the head of the SEC said
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SEATTLE, WASHINGTON – New England Patriots’ Brandon Copeland (L) and Stephon Gilmore tackle Seattle Seahawks’ Chris Carson on September 20, 2020 in Seattle, Washington. Abbie Parr | Getty Images Sport | Getty Images Millions of Americans have been financially impacted by the coronavirus pandemic. New England Patriots linebacker Brandon Copeland wants to help. “We can’t
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President Donald Trump on Monday said the government’s top pandemic fighter Dr. Anthony Fauci is a “disaster” — and possibly an idiot — as he claimed that Americans are “tired of” Covid-19, even as the number of coronavirus cases continued spiking in much of the United States. “People are tired of Covid,” Trump said in
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The Federal Reserve’s intention to leave interest rates alone may get sidetracked. According to Wall Street forecaster James Bianco, the backdrop is conducive for an inflation comeback that would force the Fed’s hand to tighten and upset the stock market. He sees two major factors sparking inflation: A smaller economy than last year due to
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High earners in New York and California could face combined federal and state tax rates of 62% under Democratic presidential nominee Joe Biden’s tax plan, according to tax experts. While Americans earning less than $400,000 would, on average, receive tax cuts under Biden’s plan, the highest earners would face double-digit increases in their official tax
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CNBC’s Jim Cramer said on Monday that “we’re in some wacko market” because normally chasing stay-at-home stocks trading at off-the-charts multiples to sales would not make sense, but now the market is rewarding investors who do so. Cramer cited Zoom Video Communications at about 50 times sales and cloud company Snowflake at about 100 times
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I’ve surveyed thousands of adults around the world — from the financially affluent to the middle-class to the poor — about two very simple, universally valuable resources: Time and money. Unsurprisingly, most people focus too much on working and making money, and not enough on having more time. But shifting your mindset to prioritize time
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Check out the companies making headlines midday Monday: Halliburton — Shares of the oil field producer popped 2% after the company reported better-than-expected earnings for the previous quarter. Halliburton earned 11 cents per share, topping a Refinitiv estimate 8 cents per share. Revenue, however, missed analyst expectations. American Airlines — American Airlines shares rose more
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U.S. House Speaker Nancy Pelosi speaks during a press conference on Capitol Hill in Washington, D.C., the United States, on Oct. 9, 2020. Ting Shen | Xinhua News Agency | Getty Images House Speaker Nancy Pelosi has called on the Trump administration to reconcile remaining disputes on coronavirus stimulus legislation within 48 hours as lawmakers attempt
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As if getting in to a top college wasn’t hard enough, Covid-19 adds a new challenge. Amid the coronavirus pandemic, many would-be freshmen have decided to postpone college rather than start their education online.   As a result, colleges and universities are well below their enrollment numbers for the 2020-2021 academic year, a report shows. Overall,
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