Traders work on the floor of the New York Stock Exchange.
The latest wave of market enthusiasm has brought with it a stunning rush of money, in which more of investors’ cash has gone to stock-based funds in the last five months than the previous 12 years combined.
That statistic, from Bank of America, reflects a period in which the Dow Jones Industrial Average has risen more than 26%.
At the same time, the market has undergone some wild trends that included a massive influx to meme stocks such as GameStop and AMC Entertainment Holdings. Trading volume rose 40%
NEW YORK (Reuters) – Hundreds of thousands of Americans will pay significantly more to insure their homes in coastal areas and flood zones under new rules released on Thursday by the Federal Emergency Management Agency (FEMA), the first major update to its pricing system in half a century.
The agency said that, over the coming year, it will
From the moment Steve Chen saw his first paycheck, he knew the job wasn’t going to pan out. He started his career as a public school teacher in 2014, teaching math to middle-school students in Los Angeles, and the pay just wasn’t enough.
He was making a little over $5,000 a month pre-tax. But after all the taxes and benefits were deducted, he was left with barely enough money to enjoy his life the way he wanted to.
“I live in California. A lot of the stuff here is super expensive, like with taxes, food, and living costs. I did
PayPal‘s (NASDAQ:PYPL) performance knocked it out of the park in its most recent quarter and fiscal year. The coronavirus accelerated the move to digital payments, and it’s capturing more transactions from more customers than ever before. On a Fool Live episode recorded on March 3, Fool contributors Brian Withers and Matt Frankel discuss the quarter and talk about how this digital payments processor is still just in the early innings of the long-term trend toward a cashless economy.
Matthew Frankel: For sure. Moving on to PayPal, which I would argue had the best quarterly report of all 10
A California man was sentenced to more than two centuries in prison on Thursday for his plot to drive his partner and two autistic sons off a wharf at the Port of Los Angeles, killing his children, in order to collect life insurance money.
Ali F. Elmezayen, 45 was hit with the maximum sentence for charges of wire fraud, mail fraud, identity theft, and money laundering in the scheme to kill his family for millions in insurance money. U.S. District Judge John F. Walter called it an “evil and diabolical” scheme during Thursday’s sentencing.
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