Former TD Ameritrade CEO Fred Tomczyk told CNBC on Friday he believes retail stock market investors have never had it better when it comes to competing against Wall Street pros. “When you think about what the retail investor has today, they have free trading, free research, free investor education, and they have faster and better
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US President Joe Biden participates in a CNN town hall at the Pabst Theater in Milwaukee, Wisconsin, February 16, 2021. SAUL LOEB | AFP | Getty Images “We need student loan forgiveness beyond the potential $10,000 your administration has proposed,” Jocelyn Fish, a marketing director for a community theater, told President Joe Biden at CNN’s
getty Here’s the problem. According to a 2019 paper by the Employee Benefit Research Institute (EBRI), the median tenure of all wage and salary workers ages 25 or older is only about five years. Don’t blame the gig economy. EBRI says this tenure has remained relatively constant over the past 35 years. That’s well before
1960’s US postage stamp honoring Thoreau. getty One of the favorite sayings of my first managing partner the late Herb Cohan was “I’d rather owe it to you than cheat you out of it.” To be honest, like some of the other sayings, it was never clear exactly what it meant. Nonetheless, I think it sums
AUSTIN, TEXAS – FEBRUARY 19: Mark Maybou scraps snow into a bucket to melt it into water on February … [+] 19, 2021 in Austin, Texas. Mr. Maybou was using the water to flush his toilets since his home has no running water. Winter storm Uri brought historic cold weather causing people to lose their
The biggest source of growth for Coca-Cola over the next few years will likely be the zero-sugar version of the company’s namesake soda. “Actually, the best growth driver in ’21 and probably for the few years is probably going to be Coke Zero Sugar,” Coke CEO James Quincey said in an interview that aired Friday
A worker repairs a power line in Austin, Texas, U.S., on Wednesday, Feb. 18, 2021. Thomas Ryan Allison | Bloomberg | Getty Images The Electric Reliability Council of Texas, which is known as ERCOT and controls the majority of the state’s power, said it has returned to normal conditions on Friday, as power has been
Elon Musk’s SpaceX is now worth $74 billion after it raised more capital last week – and the strong demand for shares means many investors believe the company’s two ambitious projects will drive that valuation even higher. The company’s valuation jumped 60% from its previous capital raise, which was just six months ago. And SpaceX’s
What is financial literacy? Diane Morais, president of consumer and commercial banking products at Ally Bank, described financial literacy as the ability to understand and effectively use financial skills such as personal financial management, budgeting and investing. “Financial literacy for kids is about ensuring that your child is educated on the best way to manage
President Joe Biden before boarding Marine One on the South Lawn of the White House on Feb. 16, 2021. Bloomberg | Bloomberg | Getty Images A multi-state group of attorneys general on Friday sent a letter to Congress urging the adoption of two resolutions that call on President Biden to cancel up to $50,000 in
A teacher awaiting retirement getty A round-up of reports across the country. Florida: ending pensions for new employees? From Tampa Bay Times, “After years of discussions about the tricky issue of overhauling Florida’s retirement system for government employees, a Senate committee this week approved a proposal that would shut future workers out of a traditional
If your employer lets you make changes to your workplace healthcare elections for 2021 under new … [+] Treasury guidance, it could cut your tax bill. getty Wish you could change your health plan for 2021? In newly released guidance on new flexible rules for healthcare and dependent care FSAs, the Internal Revenue Service has included
Vice President Kamala Harris is giving up her San Francisco home. Getty Images Vice President Kamala Harris has signed a deal to sell her loft-style San Francisco condo for $799,000, about 63% more than what she paid for it, according to the Wall Street Journal. Harris bought the two-level condo for $489,000 in 2004, when she
Bins of syringes for the Pfizer BioNtech and Moderna Inc. Covid-19 vaccines in Tucson, Arizona, U.S., on Friday, Jan. 15, 2021. Cherry Orr | Bloomberg | Getty Images The Centers for Disease Control and Prevention on Friday published new data listing the most common side effects Americans reported after receiving shots of Pfizer‘s or Moderna‘s
Anthony Wood David Orrell | CNBC Roku CEO Anthony Wood has sold more than $270 million worth of shares in the company so far this year — that’s more in the first seven weeks of the year than he sold in all of 2020, according to securities filings. All sales were conducted under a pre-determined trading
New York Federal Reserve President John Williams said Friday that high prices for stocks and other assets are justified in light of a growing economy and low interest rate landscape. With stocks pushing to new heights on valuations not seen in decades, and as corporate bond yields plunge, the central bank official said he’s not
Citadel CEO Ken Griffin dismissed as “flat out false” the accusation that his firm improperly uses information it garners from its market-making operation. Griffin spoke in an interview with CNBC on Friday, one day after Citadel and other market makers came under scrutiny from Congress about their role in last month’s GameStop mania. “I think
Sarah Casillas | DigitalVision | Getty Images A new coronavirus relief bill could give millions of Americans $1,400 stimulus checks. Congress is poised to pass the legislation in March, at which point individuals and families could see the money in the following days or weeks. But as negotiations continue, one argument has surfaced: Is the
By Richard Eisenberg, Next Avenue Editor NEW YORK, USA – JANUARY 30: A GameStop store in Manhattan (Photo by Tayfun Coskun/Anadolu Agency via … [+] Getty Images) Anadolu Agency via Getty Images You’ve undoubtedly heard about the recent stock market frenzy over Gamestop GME and other so-called “meme stocks” that skyrocketed and then plummeted. That’s
Young woman shops online while at home. getty The pandemic-driven recession is hitting the budgets of non-income tax states like Texas and Florida more than than the rest of the country. Data from the Urban Institute shows that these two states have suffered some of the highest revenue losses since March 2020. Florida’s total tax