Pascal Broze | Onoky | Getty Images As investors face economic uncertainty, financial advisors have guidelines for how much cash they should have set aside. Despite second-quarter economic growth, nearly 60% of Americans wrongly think the U.S. is currently in a recession, according to a June survey of 2,000 adults from Affirm. While Goldman Sachs … Read more
Aleksandarnakic | E+ | Getty Images A construction boom in the U.S. has resulted in lower rents and other benefits for renters. Record-construction activity since the pandemic has increased the supply of empty units, meaning more inventory is available for renters. More multi-family units were completed in June than in any month in nearly 50 … Read more
Democratic vice presidential candidate and Minnesota Governor Tim Walz (L), and Republican Vice Presidential candidate Sen. JD Vance (R-OH). Getty Images Housing Affordable housing is an important topic for many Americans and both Walz and Vance have addressed the issue. In May 2023, Walz signed housing legislation that included $200 million in down payment assistance. … Read more
Stock market information displayed at the Nasdaq MarketSite in New York, US, on Monday, Aug. 5, 2024. Michael Nagle | Bloomberg | Getty Images A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your … Read more
Teresa Heitsenrether is the firm’s chief data and analytics officer. Courtesy: Joe Vericker | PhotoBureau JPMorgan Chase has rolled out a generative artificial intelligence assistant to tens of thousands of its employees in recent weeks, the initial phase of a broader plan to inject the technology throughout the sprawling financial giant. The program, called LLM … Read more
Omer Taha Cetin | Anadolu | Getty Images Cryptocurrencies resumed their rebound from their big sell-off earlier in the week, with bitcoin retaking $59,000. The price of the flagship cryptocurrency was last higher by 8% at $59,385.40, according to Coin Metrics, rising above the $55,000 floor that has supported it for much of this year. … Read more
Diversification into smaller stocks is a “free lunch” for long-term investors as market trends shift, according to the head of the world’s largest index provider. After a period of concentration into the “Magnificent Seven” mega-cap tech stocks — comparable to the dotcom bubble of the 1990s — traders are diversifying their strategies with small caps … Read more
JPMorgan Chase CEO Jamie Dimon said Wednesday he still believes that the odds of a “soft landing” for the U.S. economy are around 35% to 40%, making recession the most likely scenario in his mind. When CNBC’s Leslie Picker asked Dimon if he had changed his view from February that markets were too optimistic on … Read more
The Paramount Studios in Los Angeles, California, US on Monday, April 29, 2024. Eric Thayer | Bloomberg | Getty Images Sony’s finance chief on Wednesday said the Japanese technology and media giant will not reconsider a fresh bid for film and TV production group Paramount Global. Sony currently has no plans to submit a revised … Read more
Minnesota Governor Tim Walz in the Governors Reception room in the State Capitol Wednesday, November 30, 2022 St. Paul, Minn. Star Tribune Via Getty Images | Star Tribune | Getty Images How Minnesota’s child tax credit stacks up Described by Walz as a “signature accomplishment,” Minnesota’s refundable child tax credit was $1,750 per child for … Read more
