CostFoto | Future Publishing | Getty Images New York Community Bank has lost 7% of deposits over a turbulent month as customers pulled their money from the regional commercial bank. A new capital infusion of over $1 billion takes the NYCB off the “watch list” for another potential bank failure, according to Sheila Bair, former
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Shares of Teleperformance plunged 20% on Thursday, after the French call center and office services group missed its full-year revenue target and flagged a “volatile economic environment.” Investors have been spooked by the potential impact of artificial intelligence on its business model, as companies become more able to tap into the technology directly for their
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Sometimes, it’s necessary to correct the record. The other day, a click-baity, highly misleading headline blared: “Teresa Ghilarducci Confirms Proposal to Create Federal 401(k) Would Remove Employers from Retirement Saving System.” Sounds scary, but it’s totally untrue. Let’s get something clear: I don’t hate or want to abolish 401(k) plans — I am fortunate to
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Konstantin Trubavin | Cavan | Getty Images Investor psychology can be fickle. Consider this common scenario: The stock market hits a rough patch, and skittish investors bail and park their money on the sidelines, thinking it a “safer” way to ride out the storm. However, the math suggests — quite convincingly — that this is
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Federal Reserve Chairman Jerome Powell testifies during the Senate Banking, Housing and Urban Affairs Committee hearing titled “The Semiannual Monetary Policy Report to the Congress,” in Dirksen Building on Thursday, March 7, 2024. Tom Williams | Cq-roll Call, Inc. | Getty Images Federal Reserve Chair Jerome Powell on Thursday indicated that interest rate cuts may
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In this article Follow your favorite stocksCREATE FREE ACCOUNT Sonali Pier is a portfolio manager with Pimco Pimco’s Sonali Pier strives for outperformance. The youngest of three and the daughter of Indian immigrants, Pier set her sights on Wall Street after graduating from Princeton University in 2003. She began her career at JPMorgan as a
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In this article HOOD Follow your favorite stocksCREATE FREE ACCOUNT Rich Paul attends a basketball game between the National Basketball Association’s Los Angeles Lakers and the Boston Celtics at Staples Center in Los Angeles on Feb. 23, 2020. Allen Berezovsky | Getty Images Entertainment | Getty Images Robinhood is partnering with Klutch Sport Group, LeBron
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In this article AEO Follow your favorite stocksCREATE FREE ACCOUNT A shopper walks by an American Eagle store on November 21, 2023 in Glendale, California.  Justin Sullivan | Getty Images American Eagle on Thursday announced a new strategy to boost profitable growth over the next three years, as the retailer said it wrote off $94
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Mapodile | E+ | Getty Images Married couples have an important choice every year: filing taxes jointly or separately. While the tax code generally favors joint returns, some spouses may benefit from filing apart, experts say. “Married filing jointly” combines income, credits and deductions on a single return, whereas “married filing separately” creates two returns
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