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Category: Finance News

This individual retirement account option ‘surprises people the most,’ says advisor

A spousal individual retirement account allows you to contribute based on your spouse’s earnings if you file taxes jointly. Here’s what couples need to know.

Published 14 March 2023
Categorised as Finance News

Morgan Stanley is testing an OpenAI-powered chatbot for its 16,000 financial advisors

Morgan Stanley’s move is one of the first announcements by a financial incumbent after the viral success of OpenAI’s ChatGPT.

Published 14 March 2023
Categorised as Finance News

SVB’s new CEO urges clients to ‘help us rebuild our deposit base’

Tim Mayopoulos, who was appointed by regulators to run SVB, sent an email to clients on Tuesday telling them the bank is in business and wants their deposits.

Published 14 March 2023
Categorised as Finance News

Stocks making the biggest moves midday: BuzzFeed, First Republic, Meta and more

Regional bank stocks rebounded sharply on Tuesday after being hit hard on Friday and Monday.

Published 14 March 2023
Categorised as Finance News

SEC and Justice Department reportedly investigating SVB’s collapse, including insider stock sales

The probes are looking into the stock sales that SVB executives’ conducted ahead of the tech-focused bank’s collapse.

Published 14 March 2023
Categorised as Finance News

Here’s the inflation breakdown for February — in one chart

The annual inflation rate continues to cool gradually, according to the February inflation report issued Tuesday. But it remains high by historical standards.

Published 14 March 2023
Categorised as Finance News

Early retiree says reading these 8 books helped him save $1 million: ‘I wasn’t born into money’

Self-made millionaire Steve Adcock retired early at 35. He didn’t accumulate wealth from an inheritance or by running his own business. Instead, he learned to save and be successful in his career by reading. Here are the books that helped him achieve his goals.

Published 14 March 2023
Categorised as Finance News

Michael Jordan’s ‘Last Dance’ sneakers are going up for auction

The Air Jordans are expected to be the most expensive pair of sneakers ever to appear at auction, estimated to sell for between $2 million and $4 million.

Published 14 March 2023
Categorised as Finance News

Inflation gauge increased 0.4% in February, as expected and up 6% from a year ago

Excluding volatile food and energy prices, core CPI increased 0.5% in February and 5.5% on a 12-month basis.

Published 14 March 2023
Categorised as Finance News

Ron Baron bought Charles Schwab shares during Monday’s double-digit sell-off

The 79-year-old investor said he “modestly increased” his position in the financial name, seeing Monday’s pullback as a buying opportunity.

Published 14 March 2023
Categorised as Finance News

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