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Banking

“IMF says central bank digital currencies can replace cash: ‘This is not the time to turn back’”

” Central bank digital currencies have the potential to replace cash, but adoption could take time, said Kristalina Georgieva, managing director of the International Monetary Fund on Wednesday… The IMF has said that more than 100 countries are exploring CBDCs – or approximately 60% of… Continue Reading…

Business

“BlackRock, Vanguard, and State Street turned against environmental and social proposals this year, a clear sign of backlash”

“…The most surprising finding is how thoroughly the “Big 3” investors—BlackRock, Vanguard and State Street—turned against environmental and social shareholder proposals in the past year. In the U.S., BlackRock’s support for E&S proposals dropped from 41.3% in the 2020-21 season, to 23.7% in… Continue Reading…

Business

“Americans are changing who they turn to for financial advice”

“About 26% of Americans say their most trusted source for financial advice this year is a financial advisor, according to a recent survey conducted by The Harris Poll on behalf of Northwestern Mutual. The survey includes responses from over 2,300 individuals. That’s… Continue Reading…

Stocks

“12 Stocks Turned $10,000 Into $1.1 Million In 12 Months”

“All the top 10 S&P 500 stocks in December, like health care Alexion Pharmaceuticals (ALXN), plus a raft of consumer discretionary plays like Tesla (TSLA) and Ralph Lauren (RL), jumped more than 20% in the month, says an Investor’s Business Daily analysis of data from S&P… Continue Reading…

Business

“How to turn your side hustle into a full-time, well-paid job, according to 3 entrepreneurs who’ve done it”

“Be ready to put in the hours A longtime RV repairman, Randall Gibbons started answering people’s questions on JustAnswer, a site that lets people seek help on an assortment of topics, in 2009. In those first few years, he was making just $400… Continue Reading…

Stocks

“11 Stocks Turned $10,000 Into $931,533 In 11 Months”

“The top nine S&P 500 stocks in November, including almost entirely energy companies like Occidental Petroleum (OXY), Apache (APA) and Diamondback Energy (FANG), powered 50% higher in the month, says an Investor’s Business Daily analysis of data from S&P Global Market Intelligence and MarketSmith. All told, had… Continue Reading…

Stocks

“10 Stocks Turned $10,000 Into $459,770 In 10 Months”

“…Investors paying attention could still find plenty of gains. Nearly half the stocks in the S&P 500 gained in October, topped by leaders like health care firm Align Technology (ALGN), information technology Paycom (PAYC) and industrial Quanta Services (PWR). This means if you’ve been in the right place… Continue Reading…

Stocks

“Which Stock Index Turned $10,000 Into $70,570? (It Wasn’t The Dow)”

“The Nasdaq 100, which owns the 100 largest non-financial stocks trading on the Nasdaq Composite, is blowing away all the other U.S. stock indexes, says an Investor’s Business Daily analysis of data from Morningstar and MarketSmith. And it’s miles ahead not… Continue Reading…

Economy

“The gold rally could forge ahead to $4,000, but analyst says two events could turn its fortunes”

“Gold prices could forge ahead to $4,000 per ounce in the next three years, but factors such as the development of a coronavirus vaccine and the November U.S. elections could change the fortunes of the precious metal, analysts say. This… Continue Reading…

Stocks

“S&P 500 erases 1.5% rally, turns negative amid a big drop in tech shares”

“The S&P 500 traded marginally lower after rallying 1.5% to start the session. Earlier in the day, the broader-market index broke above its 200-day moving average — a key level watched by traders — and briefly traded over 3,000. The S&P 500… Continue Reading…