Did Pfizer Forget How to Make Money Without a Pandemic?
In a few years, a lot can happen in the stock market, and Pfizer is a prime example. By the end of 2021, the COVID-19 vaccine manufacturer was doing well, with its shares trading at about $60. In 2022, it would break the record with an annual revenue of above $100 billion.
Feb 08, 2024 10:50 AM EST
Is Another Banking Crisis Brewing? NYCB Struggles Raise Unnerving Questions
In an attempt to calm nervous investors, struggling lender New York Community Bank has revealed a plethora of financial data during the last 24 hours.
Feb 08, 2024 10:21 AM EST
Millennials & Gen Z Strike Gold: Wealth Up 80% for Under-40s During Pandemic
Many Americans have seen an increase in wealth in the years after the epidemic, owing to a thriving stock market and rising home values. But during the previous five years, workers under 40 did significantly better than other demographic groups.
Feb 08, 2024 10:00 AM EST
10-Year Yield Up 0.15% as Fed, Jobs Report Jolt Treasury Market
The fixed income market is being affected by a reevaluation of the Federal Reserve's timeline for interest rate cuts, which is increasing risk for investors who anticipate that the tremendous rally that sent bonds higher at the end of 2023 will continue this year.
Feb 07, 2024 11:59 PM EST
Mexico Becomes Top Source of U.S. Imports, Surpassing China
Last year, Mexico overtook China as the country from which the United States imports the most commodities for the first time in over 20 years. T
Feb 08, 2024 06:25 AM EST
JPMorgan Overhauls Banking Experience with Expansive Strategy
In an effort to increase its presence in underrepresented regions, JPMorgan Chase announced on Tuesday that it was starting one of its most ambitious bank branch expansions in recent memory, with plans to open more than 500 new branches in the United States by 2027.
Feb 07, 2024 10:22 AM EST
IRS Cracks Down on Unpaid Taxes with New Funding
With financing under the Inflation Reduction Act (IRA), the IRS stated it is ready to collect hundreds of billions of dollars more in tax revenue by pursuing past-due and unpaid taxes, substantially more than was originally projected.
Feb 07, 2024 09:55 AM EST
Is the Dollar Too Strong? Analysts Warn of Potential Risks
According to foreign exchange experts, the dollar is anticipated to remain strong in the upcoming months as markets reevaluate how quickly the Federal Reserve may lower interest rates.
Feb 07, 2024 12:28 AM EST
Is Web 3.0 and Crypto All Hype? What You Need to Know
I'm convinced that Web3.0 will be the same web but much slower and with your data frozen on the blockchain ...
Feb 06, 2024 02:50 PM EST
Why Gen Z & Millennials Hesitate to Put Money on the Line
Many millennials and Gen Z individuals are finding it difficult to find place in their budgets for investments, even though they are making more money.
Feb 07, 2024 04:56 AM EST
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
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