In an effort to increase its presence in underrepresented regions, JPMorgan Chase announced on Tuesday that it was starting one of its most ambitious bank branch expansions in recent memory, with plans to open more than 500 new branches in the United States by 2027.
With financing under the Inflation Reduction Act (IRA), the IRS stated it is ready to collect hundreds of billions of dollars more in tax revenue by pursuing past-due and unpaid taxes, substantially more than was originally projected.
CEO of Occidental Petroleum Vicki Hollub believes the oil market is ready to turn around. Occidental Petroleum CEO Vicki Hollub predicts a turnaround in the oil market, citing excess supply as the main factor behind price stability.
Even if the US economy is doing well overall, some citizens have depleted their savings and accrued large credit card debt as a result of fighting inflation for more than two years.
Many millennials and Gen Z individuals are finding it difficult to find place in their budgets for investments, even though they are making more money.
On Tuesday, UBS said that it had finished the first stage of integrating its fallen rival Credit Suisse, that it was seeing net fresh asset flows, and that it intended to resume buybacks of shares in the second half of the year, with a $1 billion target set for 2024.
According to a recent Morningstar investigation, the ARK ETF Trust, which manages the well-known ARK Innovation ETF (ARKK), has wiped out $14.3 billion in investor capital during the last ten years.
Increased transportation expenses resulting from prolonged strains in the Red Sea may hinder the worldwide effort to combat inflation, the Organization for Economic Co-operation and Development stated on Monday.
Following a doubling in value the previous year, Tesla's (TSLA) stock has plummeted early in 2024 ahead of sales and earnings for the fourth quarter, as experts have revised lower profit expectations for the last few months of 2023.
In a Sunday interview, Federal Reserve Chair Jerome Powell said that the bank will cautiously reduce interest rates this year, perhaps moving much more slowly than the market anticipates.
2024 will likely see more increases in gold and silver due to anticipation that the U.S. UBS predicts that the Federal Reserve will begin reducing interest rates.
Millions of Americans may receive larger tax refunds this year as a result of a last-minute revision to a tax provision included in President Donald Trump's 2017 Tax Cuts and Jobs Act.
Luxury behemoth LVMH is attempting to take market share in the world of luxury watches by launching a new watch subsidiary and introducing a number of more expensive models.
The S&P 500 reached a record closing high on Friday as solid profits and an impressive January jobs report increased investor confidence in the economy, despite the Federal Reserve's unlikely decision to drop interest rates anytime soon. U.S. equities closed the week significantly higher.
Employers across the country launched an impressive hiring spree to start 2024, adding 353,000 new positions in January alone, the most recent indication of the economy's resilience in the face of the highest interest rates in two decades.
Ferrari is a luxury sports vehicle company that exceeded both the top- and bottom-line earnings projections of Wall Street for the fourth quarter, capping a record-breaking year of profits.
Due to market conditions and the sluggish distribution of U.S. grant funds, Intel is postponing the development of its $20 billion chip manufacturing project in Ohio, according to a Wall Street Journal story published on Thursday.
Regional U.S. bank stocks fell sharply on Wednesday, led by a 37.6% decline in New York Community Bancorp (NYCB.N) shares, b after the company unexpectedly declared a loss and reduced its dividend, rekindling concerns about the stability of other lenders.
As a result of ongoing geopolitical unrest and China's economic slowdown, investors gravitated toward gold as a safe haven asset in 2023, according to a research by the World Gold Council.
The House approved a bill on Wednesday that would prolong certain business tax credits and enhance the important incentive for parents, bringing the Child Tax incentive one step closer to a makeover.
As the spring housing market draws near, potential homeowners will be pleased to learn that the average long-term U.S. mortgage rate decreased this week.
Temu and competitor Shein are smearing advertisements on Facebook and Instagram in an attempt to establish their brands and draw customers away from Alibaba's and Amazon.
The Federal Reserve decided to keep its benchmark interest rate steady at the end of its first monetary policy meeting of 2024, which was largely anticipated on Wall Street.
Experts warn that the introduction of exchange-traded funds (ETFs) tracking bitcoin in the United States could strengthen the bonds between the volatile cryptocurrency market and the established financial system, leading to unanticipated risks.
A lot of consumers went to savings accounts last spring to assist offset growing borrowing expenses in the face of high (and rising) interest rates. You were probably going to make far more money if you opened a high-yield savings account or certificate of deposit (CD) than if you had just kept your money in a conventional savings account, which still has an annual percentage rate (APY) of less than 0.50%. The electronics company Apple and its high-yield savings account for eligible Apple Care members attracted a lot of depositors during this period.
The fact that there is no one-size-fits-all formula for success is among the finest things about investing on Wall Street. There's virtually likely a method that can increase your wealth over time, depending on your objectives, level of investing risk tolerance, and hobbies.
Starbucks failed Wall Street's forecasts with its quarterly profits and revenue announcement on Tuesday, as both its domestic and foreign sales fell short of projections.
Education authorities in Oklahoma are making an effort to recover incentives totaling at least $290,000 that they inadvertently gave to multiple instructors.
