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Southwest Airlines Co. is adding Klarna AB’s buy now, pay later options to its suite of payment methods. It’s the first time Southwest has accepted Klarna. Expected to be available later this year, the Klarna BNPL option will supplement a Flexpay installment option Southwest already offers, a Klarna spokesperson says. Flexpay is owned by fintech…
No investment or savings vehicle is entirely without risk, but certificates of deposit (CDs) offer more security and predictability than most. With fixed or upwardly adjustable interest rates, terms ranging from as short as one month to as long as 10 years, and FDIC insurance up to $250,000 per account, CDs are useful tools for…
Cotton futures posted 112 to 138 point gains on Monday in the front months, with deferreds up 48 to 99 points. The outside markets were quiet, as Crude oil was down 9 cents, with the US dollar index up $0.004. Monday afternoon’s Crop Progress showed 49% of the US cotton crop squared as of Sunday,…
Cathie Wood didn’t let last week’s holiday-abridged run lull her into slumber. She was actively making moves for her Ark Invest ETFs on Monday. She made a few sells, but let’s talk about Ark’s purchases. Ark’s co-founder, CEO, and chief investment officer continues to add to her Space Exploration Technologies (SPCX 5.59%) position. She also…
An NRI and a resident Indian can buy the same equity mutual fund on the same day. Both can redeem after 10 years with the same profit. Yet the NRI may receive less money at first. The reason is not market risk. It is how Indian rules collect tax from non-residents, mainly through TDS. For…
Planning for long-term financial goals or retirement, the employees provident fund (EPF) and voluntary provident fund (VPF) are reliable and safe tools at the disposal of a conservative investor looking for consistent long-term returns. As government-backed savings schemes with generally high rate of interest and tax-free payout, the EPF and VPF are effective investment tools….
The Securities and Exchange Commission today proposed amendments to rescind Rules 611 and 610(e) of Regulation NMS. “After two decades of Rule 611, it is high time that the Commission review its unintended consequences that have hindered — rather than enhanced — the long-term growth of our markets,” said SEC Chairman Paul S. Atkins. “This…
A $6 billion Commonwealth/LPL Financial team has split off to become a hybrid registered investment advisor, while keeping ties to LPL Financial as its custodian and broker/dealer. Bartholomew & Company, which is based in Worcester, Mass., announced Monday it was launching as a hybrid RIA, with its roughly 5,000 clients moving from Commonwealth custodian Fidelity…
Citrin Cooperman today acquired LGA, a Boston-area accounting and business advisory firm. Processing Content LGA services mid-market businesses, entrepreneurs and families. The deal expands the Top 25 Firm’s New England footprint and adds roughly 150 professionals to the team. Citrin acquired “substantially all the assets” of LGA. As is common for firms operating in alternative…
Listen to the article 10 min This audio is auto-generated. Please let us know if you have feedback. The American dream has long been tied to owning a business. But as the U.S. experiences millions of baby boomer entrepreneurs near retirement, many are discovering that finding the right successor can be just as difficult as…