Originally conceived as a trading tool for sophisticated institutional investors, ETFs have evolved into a democratizing force, lowering costs and giving retail investors access to trading strategies once available only to professionals.
Bank of America has eliminated a free checking account popular with some lower-income customers, requiring them to keep more money at the bank to avoid a monthly fee of $12 unless the customer has a direct deposit of $250 or more or a minimum daily balance of $1,500.
This investigative article details the costs local city governments have to bear to protect every rally and the free speech of its residents. For every rally the city provides protection for, there is a trickle-down effect in a shortage of funds left to tackle on affordable housing, homelessness, subsidized programs etc. Since Trump took office, there have been over 8,700 rallies across the U.S.
Nobel Prize Winner of Economics, Robert Shiller, writes his thoughts on the current state of the stock market. It is impossible to pin down the full cause of the high price of the US stock market. That alone should remind all investors of the importance of diversification, and that the overall US stock market should not be given too much weight in a portfolio.
From acquisitions and equipment purchases to stock buybacks, employee bonuses, wage increases, and more. U.S. corporations have all dealt with the new tax laws in different ways, which could stir a wider economic spending across smaller local businesses.
Today in Real Time Economics, the dollar tumbles, higher prices follow new tariffs, the European Central Bank considers its next steps, and Davos provides a steady stream of news on trade policy, globalization and the Trump administration.
The operator of one of Japan’s leading trading platforms for cryptocurrencies said Friday it lost $530 million worth of customer assets after getting hacked, the latest security problem connected to the fast-growing market.