Global Finance

The year 2024 marked a significant milestone in the stock market, with the S&P 500 achieving an impressive 23% increase, contributing to a remarkable cumulative return of 53% over the past two years. This performance stands out as the best since the late 1990s, illustrating a robust recovery and growth phase that has drawn the

As the first trading day of 2025 unfolded, the stock market exhibited a clear resurgence of speculative investment, reminiscent of frenzied trading days of previous years. Many investors flooded back into the market, spurred by optimistic sentiments despite the absence of substantial catalysts. With the S&P 500 having just closed out its best two-year performance

As we approach the new year, the importance of personal finance management is becoming increasingly evident among families across the United States. Recent research indicates that nearly 38% of Americans are prioritizing financial security as they gear up for 2025. This article aims to delve into effective financial resolutions that can guide households toward achieving

Art Cashin, the longtime director of floor operations at the New York Stock Exchange (NYSE), was not just a prominent figure in finance; he was a beloved personality who enriched the culture of Wall Street with his annual New Year’s poem. These poems served as both a reflection and a commentary on the events that

The Corporate Transparency Act (CTA) introduced a significant shift in how small businesses report their ownership structures to the federal government by mandating the disclosure of “beneficial ownership information” (BOI). This requirement is aimed at improving the transparency of business ownership and curbing illicit activities often facilitated by shell companies. However, this regulation has faced

As retirement planning continues to evolve, the integration of Roth options within 401(k) plans is becoming increasingly prevalent. The gradual shift indicates not just a change in savings strategies but also a significant transformation in how employers, employees, and financial advisors view retirement savings. This article delves into the recent expansion of Roth accounts amidst

The evolving economic environment, particularly in relation to interest rates, poses significant challenges and opportunities for consumers. Recent forecasts from the Federal Reserve indicate a slower pace of interest rate cuts, a message that resonates differently based on one’s financial position—especially in terms of debt versus savings. This article delves into the repercussions of these

In a significant move, the U.S. Treasury Department has announced an extension for small businesses to file the Beneficial Ownership Information (BOI) report to January 13, 2025. Initially, this report was due by January 1, causing concern among approximately 32.6 million businesses subject to these new regulations under the Corporate Transparency Act. The potential penalties

The annual bank stress tests conducted by the Federal Reserve (Fed) have long been a central aspect of financial regulation in the United States, particularly in the aftermath of the 2008 financial crisis. These tests are designed to ascertain the resilience of major banks to potential economic shocks, ensuring they maintain sufficient capital buffers to

In recent years, the U.S. job market has witnessed a remarkable change, evolving from an era characterized by significant employee resignations to a more stable landscape known as the “great stay.” This transition marks a stark contrast to the high turnover rates seen during the “great resignation” of 2021 and 2022, where millions opted to

In 2024, the Federal Reserve’s decision to lower interest rates three times has sparked optimism among many prospective homeowners, leading them to anticipate a decline in mortgage rates. However, experts caution that significant drops in these rates may not materialize in the near future. According to Jordan Jackson, a global market strategist at J.P. Morgan

The Consumer Financial Protection Bureau (CFPB) has initiated a noteworthy legal challenge against the operators of the Zelle payments network and the three major banks that facilitate its transactions: JPMorgan Chase, Bank of America, and Wells Fargo. This lawsuit, announced late last week, centers on allegations that these institutions have inadequately addressed fraud complaints and