Month: March 2021

Sen. Pat Toomey told CNBC on Tuesday he welcomes stock-trading apps that make investing seem more approachable, rejecting complaints by some that brokerages like Robinhood have led to the so-called “gamification” of the equity market. The Pennsylvania Republican made the comments on “Squawk Box” ahead of Tuesday morning’s Senate Banking Committee’s hearing on retail investors and
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Supoj Buranaprapapong | Getty Images It’s always nice getting a raise, but it could affect your ability to save for retirement through your 401(k) plan. Highly compensated employees — those making more than $130,000 annually — may not be able to contribute the maximum to their tax-deferred retirement plan if their lower-paid colleagues aren’t diligently
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VioletaStoimenova | E+ | Getty Images Out of sight, out of mind. For many people, that’s how their employer-offered 401(k) plan works. The employee chooses from a limited menu of investment options and, as long as the account continues a generally upward trajectory, the average investor has no reason to question their investment strategy nor any
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Bitcoin and other cryptocurrencies could eventually become part of the recommended portfolio for everyday investors, Ark Invest’s Cathie Wood said Monday. Wood, whose star as an investor rose dramatically last year thanks to the strong performance of her flagship Ark Innovation ETF, said on CNBC’s “Closing Bell” that she believes volatile cryptocurrencies will eventually resemble
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Thomas Tolstrup The Senate has passed a $1.9 trillion coronavirus relief bill, helping to clear the way for millions of Americans to potentially receive $1,400 stimulus checks. But the new checks won’t be official until the House of Representatives and President Joe Biden give their final approval, which is expected to happen this week. The
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Maggie Hardy Knox, President of 84 Lumber Photo courtesy of Tom M Johnson Photograpy People are often surprised to hear about women working in the construction field. I’ve been writing about construction for over 20 years and I still see very amazed looks on people’s faces when I tell them my topic is construction.  So,
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Economist Stephen Roach said Monday he believes Wall Street is overestimating a consumer comeback. According to the Yale University senior fellow, demand will snap back like a rubber band later this year as the V-shaped recovery loses momentum. “With vaccines rushing out together with a lot of stimulus, you can just sense this instant gratification of
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The Internal Revenue Service building in Washington. SAUL LOEB/AFP via Getty Images The $1.9 trillion American Rescue Plan has inadvertently created a conundrum for the unemployed this tax season. The pandemic aid measure, which passed the Senate on Saturday, offers $1,400 stimulus checks and waives federal taxes on a portion of unemployment benefits received last
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