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Business

“Americans cash out of sustainable funds”

“U.S. sustainable investment funds, including ETFs, suffered their worst-ever exodus in Q1. They saw $8.8 billion in net outflows, per new data from Morningstar. Why it matters: That outflow stands in stark contrast to consistent inflows through the first quarter of… Continue Reading…

Stocks

“Thares of two big online education stocks tank more than 10% as students use ChatGPT”

“The rapid rise of artificial intelligence appears to be taking a toll on the shares of online education companies Chegg and Coursera. Both stocks sank by more than 10% on Tuesday after issuing disappointing guidance in part because of students using AI tools… Continue Reading…

Business, Stocks

“Walmart Announces 3-for-1 Stock Split and 150 New Store Openings”

“Walmart has been busy. Walmart declared a 3-for-1 split Tuesday night. Then Wednesday morning, the company said it was planning to build or convert more than 150 stores within the next five years—on top of remodeling 650 stores over the… Continue Reading…

Stocks

“S&P 500 opens higher Monday to kick off a busy week of earnings…”

“The S&P 500 edged higher Monday as investors awaited a batch of key earnings reports and a major policy decision from the Federal Reserve. The Dow Jones Industrial Average gained 0.16%. The S&P 500 and Nasdaq Composite rose 0.29% and… Continue Reading…

Stocks

“Dow slides by 200 points at the open as control of Congress remains unclear”

“…The Dow Jones Industrial Average fell 270 points, or about 0.8%. The S&P 500 shed 0.9%, and the Nasdaq Composite slid 1.2%. Stocks are coming off three-straight days of gains into the election, where Wall Street was expecting Republicans to… Continue Reading…

Banking, Economy

“Cathie Wood just wrote an open letter to the Fed accusing it of stoking ‘deflation’ and looking at the wrong economic indicators”

“The Federal Reserve has raised interest rates at the fastest pace since the 1980s this year in an attempt to cure America’s inflation problem. But now, many economists and business leaders are beginning to question whether the medicine (rate hikes) could be worse than the disease (inflation).… Continue Reading…

Business

“61% of people working from home are doing so because they want to, even though their office is open”

“More people are choosing to work from home because they want to, even if their office is open and they’re less concerned about Covid risks, according to new findings from Pew Research Center. According to a January survey of 5,889 workers,… Continue Reading…

Economy

“Taxpayers face overloaded IRS as filing season opens Monday”

“An IRS worker shortage, an enormous workload from administering pandemic-related programs and stalled legislation that would have given the agency billions of dollars for more expeditiously processing returns will combine to cause taxpayers pain this filing season… Agency officials are… Continue Reading…

Cryptocurrencies

“Bitcoin’s slump opens the door to a tax loophole every investor needs to know”

“…If you’re a crypto investor down in the dumps, there’s a strategy you can use that might take some of the sting out of your recent losses. It’s called a “wash sale… Let’s say your Bitcoin investment lost you $50,000… Continue Reading…