401(k), IRA balances fell for older millennials, young Gen Xers during the pandemic. Here's why
Rising access to 401(k) plans has created more small accounts among young savers, say researchers.
Rising access to 401(k) plans has created more small accounts among young savers, say researchers.
Growth | Dec 14, 2023 Bessemer Venture Partners, the venture capital firm unveils a series of transformative Product-Led Growth strategies, offering a blueprint for fintech companies to drive sustainable growth and customer engagement in an increasingly competitive market. Originating from the innovative strategies of Atlassian in Sydney, Australia, PLG has evolved into a powerhouse approach,
What should investors do amid the stock market rally? Financial advisors weigh in.
Innovation | Dec 14, 2023 New Community Building Platform, Waterloo Inc, Launches in Kitchener-Waterloo As reported by Betakit, a significant development in the Kitchener-Waterloo tech scene is the launch of Waterloo Inc. (WINC), a new platform aimed at fostering community-building and innovation economy discussions. This initiative, developed in collaboration with the Medical Innovation Xchange (MIX)
Shohei Ohtani's $700 million contract defers $680 million for 10 years. Here's why his unique payout structure could be risky.
Report | Dec 13, 2023 McKinsey Report Highlights Fintech Growth Trends As detailed in a recent McKinsey report, the banking industry continues to evolve, driven by rapid digitalization and changing consumer preferences, positioning fintechs at the vanguard of reshaping financial services. Innovative approaches are challenging traditional banking models and creating new paradigms for customer engagement
The Federal Reserve's period of policy tightening may be over, but household budgets have taken a hit since March 2022.
Bitcoin Regulation | Dec 13, 2023 Bitcoin exchange-traded funds (ETFs) listing discussions between the SEC and asset managers have progressed suggesting that the SEC may soon approve these innovative financial products. Here's what you need to know: As reported by Reuters, the talks have reached a stage where key technical aspects are being discussed. This
BNPL | Dec 13, 2023 The Office of the Comptroller of the Currency (OCC) recently issued a Bulletin 2023-37, focusing on the risk management of 'Buy Now, Pay Later' (BNPL) retail lending. This bulletin aims to guide banks in effectively managing risks associated with BNPL lending and ensuring responsible loan offerings. It underscores the importance
Deflation is the opposite of inflation: It's when prices fall instead of rise. Some sectors have seen deflation over the past year.
CNBC's senior personal finance correspondent Sharon Epperson shared advice with high school students at Junior Achievement of Middle Tennessee in December.
Crypto | Dec 12, 2023 After becoming the first country to adopt Bitcoin as legal tender in 2021, El Salvador is now launching the world's first Bitcoin bonds early 2024, a move that could revolutionize the global financial landscape. Volcano Bonds El Salvador's just received approval to launch of the world's first Bitcoin bonds, expected
Regulation | Dec 12, 2023 ASC Launches Advisory Committee for Tech-Innovation in Finance The committee, composed of thought leaders and experts from various sectors including fintech, legal, regulatory, and finance, is tasked to bridge the gap between cutting-edge financial technologies and the existing securities regulatory framework. It's a timely initiative, as the financial sector is
The resumption of student loan payments this fall means borrowers can claim the interest deduction again at tax time. Here's what to know.
If your income is lower in 2023, you may consider tax gain harvesting to rebalance your portfolio or reduce future taxes. Here's what to know.