Month: January 2021

A vehicle passes an Exxon Mobil Corp. gas station in Arlington, Virginia, U.S., on Wednesday, April 29, 2020. Andrew Harrer | Bloomberg | Getty Images The CEOs of Chevron and ExxonMobil last year discussed the possibility of merging the two companies, The Wall Street Journal reported Sunday, citing unnamed people familiar with the talks. The
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PNC Financial’s Amanda Agati sees three reasons for the market’s speculative craze: No commission trading, low interest rates and another round of stimulus checks. Together, the firm’s chief investment strategist calls them a “perfect storm.” “The rise in no commission trading, a la Robinhood and a number of retail trading apps, has no doubt added
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Kevin O’Leary on Friday defended the right of retail investors to continue trading shares of GameStop, AMC Entertainment and other stocks that have been hyped online. In an interview on CNBC’s “Squawk Box,” the O’Shares ETFs co-founder said investors should be allowed to speculate freely — regardless of whether they end up losing their own
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Economic Security Planning, Inc. Today’s column addresses questions about whether spousal benefits are automatic or not, the possibility of receiving spousal benefits after taking retirement benefits at 62 and an unexplained delay in Social Security processing an application. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic
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A 401(K) rollover doesn’t have to stressfull. Here are ten 401(k) Rollover mistakes you need to … [+] avoid. getty Mistakes when rolling over your old 401(k) can be quite costly and annoying. Sadly, these mistakes are also quite common. On a happier note, these 401(k) rollover mistakes are easy to avoid. First off, not
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The Robinhood application on a smartphone. Bloomberg | Bloomberg | Getty Images Online broker Robinhood said that it put temporary buying restrictions on a small number of securities because central Wall Street clearinghouse-mandated deposit requirements for equities increased tenfold. The decision by Robinhood, a free-trading pioneer and app that’s popular among small investors, drew scrutiny
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GameStop mania took Wall Street by storm, thanks to a legion of retail traders glued to the WallStreetBets message board on Reddit. Shares of the struggling brick-and-mortar video game retailer skyrocketed 400% in the past week, closing out January with a whopping 1,625% gain. A band of amateur traders in WallStreetBets forum, whose members have
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A stack of Starlink internet satellites just before a launch. SpaceX SpaceX is preparing to begin production of the next-generation of its Starlink internet satellites, according to a company job posting, with the company having deployed more than 1,000 first-generation satellites in orbit to date. A posting on the company’s careers page, open at the time
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The headquarters of the Consumer Financial Protection Bureau in Washington, D.C. JHVEPhoto | iStock Editorial | Getty Images The Consumer Financial Protection Bureau is expected to become a more aggressive consumer watchdog under the Biden administration and while the coronavirus pandemic hurls financial challenges at millions of Americans. Consumer advocates say the bureau was almost
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Interest Payable from an old bond from 1937. getty Investors are trying to navigate through a treacherous strait in the market, with bonds generating near-zero income yields on one side and stocks with increasing volatility on the other side. With good reasons to assume that the Federal Reserve will continue to buy Treasury bonds at
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