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UBS Restarts Buybacks, Pledges $1 Billion

UBS Restarts Buybacks, Pledges $1 Billion

On Tuesday, UBS said that it had finished the first stage of integrating its fallen rival Credit Suisse, that it was seeing net fresh asset flows, and that it intended to resume buybacks of shares in the second half of the year, with a $1 billion target set for 2024.

Feb 07, 2024 12:00 AM EST


Cathie Wood Receives Harsh Criticism from Morningstar, Labeled as the Worst 'Wealth Destroyer

Cathie Wood Receives Harsh Criticism from Morningstar, Labeled as the Worst 'Wealth Destroyer

According to a recent Morningstar investigation, the ARK ETF Trust, which manages the well-known ARK Innovation ETF (ARKK), has wiped out $14.3 billion in investor capital during the last ten years.

Feb 06, 2024 06:29 AM EST


Red Sea Clashes Risk Adding 5% to Import Costs, Pushing Up Inflation

Red Sea Clashes Risk Adding 5% to Import Costs, Pushing Up Inflation

Increased transportation expenses resulting from prolonged strains in the Red Sea may hinder the worldwide effort to combat inflation, the Organization for Economic Co-operation and Development stated on Monday.

Feb 06, 2024 02:32 AM EST


Supply Chain Blues Hitting Your Car? Insurance Rates Surge 26%

Supply Chain Blues Hitting Your Car? Insurance Rates Surge 26%

With vehicle insurance rates continuing to rise, owning a car is becoming more and more expensive for drivers across the U.S.

Feb 06, 2024 12:41 AM EST


College Graduation

Is College 100% Pure Garbage? (Yes, but…)

The only thing higher education indicates is how much you are willing to suffer through uninteresting work ...

Feb 05, 2024 06:41 PM EST


Financial Planning

10 Foolproof Steps to Start Investing Now - Even If You're a Complete Beginner

Before you dive headfirst into the deep end, take a moment to consider why you want to invest. Are you saving for retirement, hoping to buy a house, or funding your kids' college education?

Feb 05, 2024 05:54 PM EST


Investor Concerns Mount as Tesla Stock Faces Decline

Investor Concerns Mount as Tesla Stock Faces Decline

Following a doubling in value the previous year, Tesla's (TSLA) stock has plummeted early in 2024 ahead of sales and earnings for the fourth quarter, as experts have revised lower profit expectations for the last few months of 2023.

Feb 05, 2024 08:19 PM EST


Fed Chief Signals Slow and Steady Rate Reduction Approach

Fed Chief Signals Slow and Steady Rate Reduction Approach

In a Sunday interview, Federal Reserve Chair Jerome Powell said that the bank will cautiously reduce interest rates this year, perhaps moving much more slowly than the market anticipates.

Feb 05, 2024 10:28 AM EST


Meta Announces Dividend Status, but Smart Investors Shift Focus to a More Promising Tech Player

Meta Announces Dividend Status, but Smart Investors Shift Focus to a More Promising Tech Player

The announcement of Meta Platforms' first-ever dividend was the major surprise in the company's fourth-quarter financial report released last week.

Feb 05, 2024 03:42 AM EST


Luxury Giant Shakes Up Watch World: LVMH Targets Billion-Dollar Market with Bold Designs

Luxury Giant Shakes Up Watch World: LVMH Targets Billion-Dollar Market with Bold Designs

Luxury behemoth LVMH is attempting to take market share in the world of luxury watches by launching a new watch subsidiary and introducing a number of more expensive models.

Feb 04, 2024 09:17 PM EST


Overhaul of Trump-Era Tax Law May Result in Bigger Refunds

Overhaul of Trump-Era Tax Law May Result in Bigger Refunds

Millions of Americans may receive larger tax refunds this year as a result of a last-minute revision to a tax provision included in President Donald Trump's 2017 Tax Cuts and Jobs Act.

Feb 05, 2024 02:22 AM EST


Wages Rising, Jobs Soaring: Can the US Economy Maintain This Momentum?

Wages Rising, Jobs Soaring: Can the US Economy Maintain This Momentum?

Employers across the country launched an impressive hiring spree to start 2024, adding 353,000 new positions in January alone, the most recent indication of the economy's resilience in the face of the highest interest rates in two decades.

Feb 03, 2024 03:33 AM EST


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