The Internal Revenue Service (IRS) has brought on another financial industry veteran to guide one of the federal government’s most ambitious children’s savings programs. Joseph Velli will serve as Senior Advisor to IRS Chief Executive Officer Frank Bisignano, with his role focused on Trump Accounts, CNBC reported. The Treasury had already tapped the Bank of
Stock market indexes are designed to tell a simple story. A number goes up, and investors take it as a sign that things are going well. A number goes down, and concern sets in. The problem is that a single headline figure can hide a great deal of what is actually happening inside the market
Jim Cramer has a word for what is happening across huge swaths of the stock market right now, and it is not bullish or bearish. The “Mad Money” host told viewers that investors should not abandon the market, despite a growing list of industries stuck in neutral. He then laid out exactly why so many
At the start of September, the 119-year-old Clementon Lake Park and Splash World amusement park announced that it would close down after one last summer season. New Jersey assemblyman and Civil War veteran Theodore B. Gibbs and his sons built what would grow into the longstanding amusement and water park in 1907 to drive tourist
Before we get into the coverage, I must admit that the SpaceX team is incredible. I’ve watched this company turn problems that once looked almost impossible into engineering milestones, one launch at a time. Every time, SpaceX keeps finding ways to push the boundary, learn from what happens, and come back with the next iteration.
Cathie Wood, chief of Ark Investment Management, is known for making big bets on disruptive technology stocks. Sometimes, she’ll even buy when these stocks are rising, and that’s what she did this week. Wood just made a massive move in Nvidia (NVDA), buying about $81.5 million of the semiconductor stock as the AI chip giant
Bank of America moved Eldorado Gold (EGO) directly to a Buy rating from an Underperform rating this week. The bank skipped the Neutral rating in between. That kind of upgrade usually shows up only when something big has changed inside the company. In Eldorado’s case, the change is a large new mine in Greece that
Meta’s Muse launched three weeks ago. The company’s AI books flights, negotiates bills, processes payments and manages emails, all on its own, without asking permission for each step. Millions of people now have a piece of software acting on their behalf in the real world. Nobody has figured out what happens when it gets something
Gold has had a strong run. Central banks kept buying. Retail investors came back. The metal held up through geopolitical flare-ups, inflation scares, and a lot of uncertainty about where the economy was headed. But the rate picture is shifting. The Federal Reserve kept raising rates into the fall, the dollar strengthened, and the argument
Warren Buffett spent more than sixty years teaching investors the same basic lesson in a dozen different ways. September 2026, as he formally stepped back from Berkshire Hathaway, that lesson feels worth revisiting in full. The advice has nothing to do with picking winning stocks or timing the next downturn. It is about what you