31.2 F
New York City
Monday, February 24, 2020
The third-largest U.S. bank by investments has announced a push to acquire more investors. Citigroup is offering a free digital robo-advisor for customers who deposit or invest at least $50,000 at the bank.  When a customer makes a qualifying deposit or investment, they’re eligible...
Fidelity Investments announced this week in a press release that it has launched a partial stock and exchange-traded funds initiative. The move is one of the latest by financial institutions and brokerage firms to entice younger clients to their platform. Charles Schwab recently announced its own initiative...
JPMorgan Chase continually makes headlines in the news. But, the latest reason why shows that the investment bank might have something ingenious up its sleeve. The firm has hired an IBM researcher and inventor to head its new division focused on emerging technologies. Quantum computing will be...
JPMorgan Chase has announced that it’s creating a new division to promote private investments in emerging-market projects. The new arm of its business will be called the Development Finance Institution. The financial firm said it could loan at least $100 billion towards the projects...
NBCUniversal will be unveiling its streaming service, Peacock, this Thursday in New York. The media company will unveil its offerings during an investor day event for the company. Recently, other major media corporations like Disney+, HBO Max, and Apple TV announced launch dates for...
J.P. Morgan Chase defied the expectations of analysts and rebounded by year’s end, posting a record fourth-quarter revenue during trading activities, according to the bank’s CEO Jamie Dimon. The bank reported a 21 percent increase in its fourth-quarter profit, or $8.52 billion gain, amounting...
After losing half its stock in a selloff that lasted from late July 2018 until December 2018, Facebook has finally rebounded and momentarily hit an all-time high on Friday, reaching $219.88 per share, or 0.72 percent higher. Shares ultimately ended down for the day by 0.11 percent.
The world’s top electric car manufacturer surpassed Wall Street estimates in the 4th quarter, delivering a record 112,000 vehicles in the final months of 2019. The figure topped Tesla’s yearly sales goals as well as Wall Street’s prediction of 106,000 vehicle deliveries to customers.
The pioneer of low-cost investing, Vanguard, is following in the steps of other peer brokers and dropping commissions altogether. The firm’s move is not surprising to many because of the precedent set originally by Vanguard.  The company was the first to revolutionalize investing by offering low-cost commissions....
The United States Steel Corporation, an integrated steel producer, says it plans to lay off up to 1,545 of its workers. The workers facing layoffs are employed at the Great Lakes Works facility in Michigan. The U.S. Steel Corp recently decided to pause a significant portion of...