BankingAmerica’s bank branch bloodbath continues: Wells Fargo shutters 15 locations while Bank of America closes seven in a week – is YOUR local on the list?December 1, 202398Banks filed to close 24 branches last week - and to open just two - as part of an ongoing...
BankingPNC Bank shutters 19 branches in a single WEEK as US Bank, JPMorgan Chase and Bank of America also close locations – is your local affected?November 24, 2023201PNC notified the regulator of 19 upcoming bank branch closures last weekCitizens Bank targeted six branches in a handful of...
Stock MarketWhich stocks are leading the market’s year-end rally? Previously down-trodden sectors stage a comeback in November – but investors warn rebound could be short-livedNovember 24, 202372Previously struggling sectors of the stock market are now rebounding to help drive a year-end rally.The stock market gained steam in early...
InvestingIs now the time to invest in luxury assets? Cost of used Rolexes have fallen to two-year lows while polished diamonds have dropped 20% – but experts urge caution against scooping up goods while they’re cheapNovember 19, 202325The pandemic-era luxury boom appears to be coming to an end - with the price of high-end investments like Rolex...
MortgagesMortgage-free America! Share of US homes owned outright rises to an all-time high thanks to ageing boomers paying off their record-low dealsNovember 17, 202329The number of mortgage-free homes increased by 8M between 2012 to 2022Americans that bought houses decades ago are paying off...
BankingWells Fargo axes another 13 branches in a single week as a host of banks shut down vital services – is YOURS on the chopping block?November 17, 202338Wells Fargo filed to close 13 branches - five in California and three in FloridaKeyBank, with branches in the Northwest...
PensionHigh inflation set to last for DECADES, says Citadel founder – as he claims the US is spending like a ‘drunken sailor’November 9, 202329Ken Griffin founded the hedge fund that manages more than $60 billion in assetsHe predicted higher interest rates would become...
BankingAmerica’s major banks are sitting on $650 BILLION of unrealized losses thanks to crashing bond market which also took down beleaguered Silicon Valley BankNovember 8, 202325Ratings agency Moody's Analytics estimated US banks have $650B in balance sheet lossesBank of America reported last month it had...
FundsDo YOU have enough in your 401(K)? Americans with $500,000 in retirement savings now need nearly $100,000 more than they did pre-Covid for the SAME quality of life, economist warnsNovember 5, 202332American workers need nearly 20 percent more in their 401(K) to have the same quality of life they would have...
PensionNew York City pension fund managers raked in $1.7 BILLION in fees last year – growing at a faster rate than the pension assetsOctober 31, 202324New York City's five pension funds had a combined total value of $253.3BThe 321 pension fund managers made around $1.7B...