Megacap tech gets new BlackRock ETF
BlackRock’s iShares is trying to appeal to investors who want to diversify beyond from the so-called Magnificent Seven. The firm launched the iShares Top 20 U.S. Stocks ETF (TOPT) this …
Consumer banking
Commerzbank and UniCredit set to meet as takeover prospect looms
A Commerzbank AG bank branch, in the financial district of Frankfurt, Germany, on Thursday, Sept. 12, 2024. Krisztian Bocsi | Bloomberg | Getty Images Commerzbank and UniCredit are set to …
After Fed rate cut, it’s time to shop around for best returns on cash
Jgi/jamie Grill | Tetra Images | Getty Images In January, experts said 2024 would be a “very good year for savers.” And it still is, despite the Federal Reserve’s recent …
JPMorgan Chase opens more small-town branches in middle America
Three years ago, JPMorgan Chase became the first bank with a branch in all 48 contiguous states. Now, the firm is expanding, with the aim of reaching more Americans in …
Why hundreds of U.S. banks may be at risk of failure
Hundreds of small and regional banks across the U.S. are feeling stressed. “You could see some banks either fail or at least, you know, dip below their minimum capital requirements,” …
It’s not just Wall Street. Local bank branches have big AI ambitions
The pandemic accelerated changes at big banks, where Chase and Wells Fargo already have branches that look more like lounges than banks. But it’s not just Wall Street-sized banks where …
Cash savers still have an opportunity to beat inflation. Here’s how
Riska | E+ | Getty Images It may be a while longer before the Federal Reserve lowers interest rates, experts now say. That means savers can still earn the best …
Why Fed rate hikes take so long to affect the economy
The U.S. economy continues to grow despite the 5.5% benchmark federal funds interest rate set by the Federal Reserve in 2023. The Fed’s leaders expect their interest rate decisions to …
Bank CEOs show support for SSI reform bill
Morsa Images | Digitalvision | Getty Images Current SSI asset limits ‘lock people in poverty’ Current SSI asset limits are extremely low — $2,000 for individuals and $3,000 per couple. …
Higher interest rates mean you can earn more money on cash. Here’s how
Xavier Lorenzo | Moment | Getty Images Not long ago, it was common to earn low returns on cash — less than 1%. But after the Federal Reserve embarked on …