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The S&P 500 Index ($SPX) (SPY) today is up +1.13%, the Dow Jones Industrial Average ($DOWI) (DIA) is up +1.55%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +2.21%. September E-mini S&P futures (ESU26) are up +1.20%, and September E-mini Nasdaq futures (NQU26) are up +2.30%. Stock indices are climbing today, with the S&P 500 and Dow Jones…
The United Payment Interface (UPI) has been the archetype for real-time payments systems, but it could soon take a page out of the card payments playbook: merchant fees. UPI has become the preferred payment method in India by offering instant, phone-based payments for consumers and fee-free transactions for merchants. However, some industry observers argue that…
The film’s explosive success shows how new leaders can step up to the plate when given the opportunity.
Just the Tip: Zero-based budgeting means allocating every dollar of your income to a specific category until you reach zero. You’re not spending it all. You’re assigning it all, and savings, investments, and debt payments are categories just like rent and groceries. Give every dollar a destination before the month starts and money stops disappearing…
Wells Fargo reportedly hopes to launch tokenized deposits for corporate/commercial customers. That’s according to a report Tuesday (Aug. 4) from the Wall Street Journal (WSJ), which calls the offering the latest example of how banking giants are embracing digital assets. Company officials told the WSJ that offering — slated for the fall — will let clients transfer, program…
Allworth Financial, a Folsom, Calif.-based registered investment advisor with $39 billion in client assets, has acquired Sachetta, a Lynnfield, Mass.-based wealth management and tax advisory firm overseeing $1.1 billion in assets under management. In addition, the RIA announced it has added Arthur Stein Financial, a Bethesda, Md.-based RIA specializing in financial planning for federal employees…
Vishal Garg will no longer lead Better, the company has announced. Processing Content The founder and former CEO was replaced Monday, days before the company is scheduled to post its second quarter results. Newly tapped board member Daniel Lewis, a former hedge fund boss, will replace Garg as CEO on an interim basis immediately, the…
Just the Tip: In your first decade of building wealth, the percentage of income you save drives your net worth far more than the returns you earn. A 15% savings rate with average returns beats a 5% rate with brilliant returns. Push your savings rate up first and worry about optimizing investments later. Subscribe for…
The government of India has decided to exercise the green-shoe option in the share sale offer of Life Insurance Corporation (LIC) after institutional investors over-subscribed the portion reserved for non-retail investors by putting in bids worth Rs 36,400 crore. Four years after the initial public offering (IPO), which had fetched Rs 21,000 crore, the government…
There is so much smoke around a deal but the key part is: What’s in the deal? The one big red flag I see so far is that Israel says it’s not withdrawing from anywhere. In any case, oil is down further and the S&P 500 is ripping higher, up 1.3% to 7701, a fresh…