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Finance

All articles tagged with #finance

finance1 day ago•3 min saved

Goldman Sachs tightens employee bets in prediction markets

Goldman Sachs has instructed employees to limit their prediction-market bets to sports and entertainment due to compliance risks tied to material non-public information, with breaches potentially costing a job. The internal memo underscores banks' regulatory concern as platforms like Kalshi and Polymarket expand into financial bets on events such as elections and rates, drawing scrutiny over profits from advance knowledge; Kalshi is even exploring a multibillion-dollar funding round.

via Financial Times|

#compliance #finance #goldman-sachs

finance1 day ago•20 min saved

Geopolitical Tensions Drive Mortgage Rates Higher as Iran Fallout Looms

Mortgage rates edged higher this week as renewed US-Iran tensions and rising oil prices pushed bond yields higher. Freddie Mac puts the 30-year fixed average at 6.49% (up from 6.43%), with current lender quotes showing roughly 6.35% for a 30-year fixed, 6.21% for 20-year, and 5.94% for 15-year; refinance rates are typically a touch higher, around 6.4% for a 30-year loan. Market moves, fueled by concerns about inflation, prompted economists to note that rates had been retreating, but Iran's deteriorating ceasefire situation reversed that trend. The piece also covers rate determinants (down payments, credit scores, loan type) and advises shoppers to compare lenders for the best deal.

via Yahoo Finance|

#bond-yields #finance #freddie-mac

finance2 days ago•1 min saved

Goldman Sachs Wins $70B Retirement Asset Mandate from Verizon and Lockheed Martin

Goldman Sachs secured a $70 billion retirement-asset mandate from Verizon Communications and Lockheed Martin, including about $30 billion in pension assets and $40 billion in Verizon’s defined-contribution assets (e.g., 401(k)s). The deals highlight the trend of large employers outsourcing retirement management to specialized firms amid rising complexity, as competition among asset managers intensifies. Goldman aims for more stable, recurring revenue from outsourced investments; its outsourced CIO business had about $480 billion in assets as of March 31, with roughly $3.7 trillion in assets under management across its asset and wealth management division.

via CNBC|

#finance #goldman-sachs #lockheed-martin

personal-finance3 days ago•20 min saved

Trump Eyes Australia-Style Retirement Accounts as a Social Security Supplement

Trump floated the idea of Australia‑style employer‑funded retirement accounts to supplement Social Security, but no legislation exists and many design details are undefined. The concept would place a worker-owned, market‑invested account on top of the current Social Security system, funded by employers (roughly 12% in Australia) and subject to market risk, rather than the PAYG promise of Social Security. For a worker whose only retirement plan is Social Security, the potential benefit hinges on questions like who contributes, when funds become accessible, tax treatment, and portability, and depends on Congress acting. Until a bill materializes, stay focused on existing retirement accounts and view this as a possible future option rather than a plan to rely on.

via 24/7 Wall St.|

#australia-style-retirement #finance #personal-finance

finance3 days ago•3 min saved

Trump Accounts Go Live: Free $1,000 for Newborns Spurs Georgia Savings Debate

Trump Accounts are live, offering a $1,000 federal deposit for babies born in 2025–2028 and allowing up to $5,000 in after-tax contributions annually. The accounts are opened via IRS Form 4547 with a partner firm and, for holders who reach 18, convert to a traditional IRA. If a child doesn’t qualify for the $1,000, traditional savings options like a child IRA, a 529 plan, or a brokerage account may be more advantageous. The Dell Foundation has pledged billions in support, with estimates of additional funds for Atlanta families; experts recommend weighing long-term goals (education, housing, retirement) and consulting financial professionals before choosing the best path for a child’s savings.

via USA Today|

#529-plan #baby-savings #finance

politics4 days ago•5 min saved

Trump Defends Crypto Wealth as Critics Call It Presidential Graft

Trump says he’s for crypto as disclosures show he earned over $2.2B in 2025, about $1.4B from crypto ventures including a TRUMP memecoin and a family-backed firm. He defended crypto in the Oval Office while critics—including the Wall Street Journal, which called the deals “honest graft”—raised concerns about using the presidency for family profit; Fox News aired scrutiny of the matter. The article also notes the broader controversy around meme-coin losses and mentions stock moves tied to his remarks, such as Dell stock activity.

via Gizmodo|

#crypto #finance #graft

finance4 days ago•4 min saved

COVID-era tax refunds: who qualifies and how much you might get

A federal ruling could entitle certain taxpayers to refunds of penalties and interest charged during COVID-era deadline extensions. To claim, file a Form 843 by July 10, 2026; eligibility covers penalties or interest paid or owed during Jan. 20, 2020–July 10, 2023 (with possible extensions to 2019–2022). If approved, you may receive a refund or have your balance reduced; if denied you can protest or sue after six months. An online Form 843 option has been available since July 1, 2026, and you can also file a protective claim if needed.

via New York Post|

#covid-19 #finance #form-843

finance5 days ago•13 min saved

Seven Common Will Mistakes Estate Lawyers Urge You to Avoid

Estate lawyers warn that many people fail to plan properly: having multiple co-executors can spark conflict and cost; a will alone does not always avoid probate; vague bequests to sentimental items invite disputes; wills should be updated after life changes; gifts should be structured to truly help beneficiaries and avoid unintended consequences; and you must clearly designate where your will is and work with a qualified estate attorney to prevent disputes and expensive probate.

via HuffPost|

#estate-planning #executor #finance

business6 days ago•16 min saved

AI-fueled optimism keeps Wall Street eyeing gains into H2 2026

Following a strong quarter, analysts say the rally can extend into the second half of 2026 as earnings resilience and liquidity support further gains, with tech/AI momentum helping the Nasdaq and S&P 500 and forecasts of roughly a 21% S&P 500 rise over the next 12 months; JPMorgan has even pushed year-end targets toward the 7,800 level. Still, strategists caution against chasing crowded high-flyers in memory and chip names and urge diversification into industrials, healthcare, and mid/small caps as the AI cycle broadens, with signals the bull market could persist into 2027 amid softer oil prices and easing geopolitical tensions and a not-overheated labor market.

via Yahoo Finance|

#ai #business #earnings

business7 days ago•5 min saved

Boston Welcomes a New Home for the Museum of American Finance, with AI-Driven Hamilton Exhibit

The Museum of American Finance opens its first permanent Boston home at Commonwealth Pier, debuting seven exhibits including an AI-powered Alexander Hamilton Experience developed with the Fidelity Center for Applied Technology. Free admission aims to boost financial literacy, with displays like America in Circulation tracing U.S. money from colonial notes to today as the museum also looks ahead to fintech topics such as blockchain and tokenization.

via CNBC|

#ai #alexander-hamilton #boston

economy8 days ago•16 min saved

Treasury to accept public stock gifts for new children’s investment accounts

Treasury officials announced that companies, nonprofits and state/local governments can donate public stock to the new child-investment accounts, with seed funding of up to $1,000 for about 1.4 million accounts (born 2025–2028) and more than 6 million accounts available; stock donations go to the Treasury to be allocated per donor instructions, while cash contributions will be invested in the SPYM ETF.

via The Washington Post|

#economy #finance #government-programs

business8 days ago•18 min saved

Trump’s 2025 Finances Reveal 21,000 Stock Trades Across Eight Accounts

Trump’s 2025 financial disclosure shows more than 21,000 securities trades across eight accounts, with a reported value range of roughly $600 million to $1.86 billion. The report highlights bursts of activity around market events tied to his policy announcements and cross‑account buys/sells, plus about half of trades in the $1,000–$15,000 range. It also notes at least $1.4 billion in crypto/memecoin-related earnings for 2025, with investments reportedly managed by third‑party firms in a blind‑trust setup.

via Yahoo Finance|

#business #disclosure #ethics

finance9 days ago•11 min saved

Prime Members Score 50-Cent Gas Discount for Independence Day Weekend

Amazon Prime members can save 50 cents per gallon at bp, Amoco, AmPm and Thorntons locations from July 2–5 by linking their Amazon account to bp’s earnify rewards app; once the promo ends, the standard 10-cent discount returns. The offer covers more than 7,500 locations and can be shared within Amazon Family using separate earnify accounts. The piece also highlights additional Prime Fourth of July savings (Whole Foods ice cream, discounted beef and snacks), a Prime Access grocery credit, and various gas-card options (like Citi Strata and Blue Cash Everyday) to help maximize year‑round savings.

via CNBC|

#amazon-prime #finance #fourth-of-july

finance10 days ago•6 min saved

New Trump Accounts Target Kids’ Retirement with $1,000 Seed and Employer Matches

Trump Accounts are a new 530A-style IRA for children launching July 4, offering a $1,000 Treasury seed for births 2025–2028 and possible $250 grants for earlier births in certain ZIP codes; accounts can be opened by guardians for U.S. citizens under 18, with tax-deferred growth invested mainly in U.S. stock funds, and withdrawals after age 18 governed by traditional IRA rules. Contributions can come from families, employers, and donors (up to $5,000 per year total, plus up to $2,500 per employer), with potential further philanthropy; the program is intended to boost long-term wealth-building, though participation may vary by income and other saving options (e.g., 529s, UGMA/UTMA, Roth IRAs) remain relevant.

via CNBC|

#530a #child-ira #dell-foundation

finance11 days ago•3 min saved

Real Estate Tops Americans' Favorite Long-Term Investment

Gallup's annual poll shows real estate as the top long-term investment (38%), ahead of stocks (20%), with gold and cash also prominent. Yet investing experts point to stocks as the true long-term winner: the S&P 500 has averaged roughly 11.5% per year over 40 years to 2025 (and about 10.4% from 1992–2024), far outpacing home-price gains around 5%. Real estate’s popularity is driven by widespread homeownership and a perceived safety net, while gold is viewed mainly as diversification and savings accounts/CDs as safety for risk-averse investors.

via USA Today|

#finance #gallup-poll #investing-experts