Many 401(k) plan savers tapped their accounts during the coronavirus pandemic. Thinking of a 401(k) in terms of a monthly income stream, instead of a lump sum, could make savers think twice before withdrawing money, experts said.
Schlagwort-Archiv: Financial
There’s a ‚huge amount of money‘ returning to China in the IPO space, investor says
As tensions mount between Washington and Beijing ahead of the U.S. presidential elections in November, Stonehorn Global Partners‘ Sam Le Cornu sees more Chinese firms returning home.
Singapore’s Temasek says its portfolio fell for the first time in four years due to Covid-19
Temasek’s net portfolio value fell to 306 billion Singapore dollars ($223.73 billion) for the financial year that ended March 31.
Shares of Chinese bottled water giant Nongfu Spring spike 85% in Hong Kong debut
The stock ended Tuesday’s trading session at 33.1 Hong Kong dollars ($4.12), around 54% higher than its initial public offering price of 21.50 Hong Kong dollars.
Stocks like Peloton and Lululemon just scored street-high price targets from top analysts
CNBC used TipRanks analyst ranking service to pinpoint Wall Street’s best-performing analysts, like Peloton and Lululemon.
Here’s what happened to the stock market on Friday
Stocks gyrated wildly throughout Friday’s session as tech shares tried to recover from a massive sell-off in the previous session.
Two kids, no support system and $167 in unemployment benefits: One single mom’s plight in the age of Covid-19
Jennifer Haynes, a self-employed chef living in Rancho Cucamonga, California, is caught in the middle of two opposing forces: childcare duties and meager unemployment benefits. Her story is emblematic of single mothers across the U.S. during Covid-19.
U.S. is still in a ‚very significant recession‘ despite job gains, Fed’s Rosengren says
We have a long way to go before we are fully recovered, but I will say this employment report was a very positive one,“ Boston Fed President Eric Rosengren told CNBC’s Steve Liesman during an interview on „The Exchange.“
Powell says low interest rates could last for years
Interest rates are likely to stay low for years as the economy fights its way back from the coronavirus pandemic, Federal Reserve Chairman Jerome Powell said in remarks published Friday afternoon.
Stocks making the biggest moves midday: Tesla, Wayfair, Moderna & more
Check out the companies making headlines in midday trading.