In recent years, exchange-traded funds (ETFs) have rapidly emerged as a popular investment vehicle for individual investors, amassing assets totalling approximately $10 trillion. However, this enthusiasm has not translated into a significant presence within 401(k) plans, which collectively hold about $7.4 trillion. This puzzling disparity raises questions about the underutilization of ETFs in workplace retirement
Global Finance
In a bid to cater to the evolving demands of today’s traders, Robinhood, the popular retail brokerage firm, has rolled out a groundbreaking desktop platform dubbed Robinhood Legend. This new tool is tailored specifically for seasoned traders seeking advanced functionalities that go beyond the initial simplicity the app was founded upon. By focusing on intricate
The retirement landscape in the United States is facing significant scrutiny as comparisons with global counterparts reveal troubling shortcomings. In the latest Mercer CFA Institute Global Pension Index, the U.S. earned a rather mediocre C+ grade, landing at a worrying 29th place out of 48 nations in 2024. This index examines various sources of retirement
In an impressive display of financial resilience, Goldman Sachs reported third-quarter earnings that significantly surpassed analysts’ projections. The firm announced earnings of $8.40 per share, markedly higher than the anticipated $6.89, while revenues reached $12.7 billion, outperforming the estimated $11.8 billion. This results in a remarkable year-over-year profit increase of 45%, bringing net income to
In recent statements, Federal Reserve Governor Christopher Waller has introduced a more tempered perspective on future interest rate adjustments. Acknowledging the complexity of the current economic landscape, Waller emphasized that impending interest rate cuts are likely to be less pronounced than the significant reduction implemented last September. His remarks, made during a conference at Stanford
China’s economic trajectory has been a focal point for international analysts, given its pivotal role in the global marketplace. Recent statements from Finance Minister Lan Fo’an highlighted that the central Chinese government is contemplating increasing its debt and fiscal deficit. This consideration arises as the nation faces mounting challenges, particularly concerning local government debts and
On a day that exceeded expectations for many investors, Wells Fargo unveiled its third-quarter earnings report, showcasing impressive numbers that contradicted the broader economic concerns. Analysts were surprised as the bank reported an adjusted earnings per share of $1.52, surpassing the anticipated $1.28. However, despite this positive revelation, revenue figures fell slightly short of expectations,
In the ever-evolving world of exchange-traded funds (ETFs), investors are constantly on the lookout for opportunities in emerging markets. Two distinctive approaches are currently gaining attention in China’s burgeoning investment landscape: the Rayliant Quantamental China Equity ETF and the Roundhill China Dragons ETF. Each of these funds employs a unique strategy aimed at tapping into
The landscape of the U.S. economy has witnessed notable changes in recent times, particularly regarding inflation and consumer spending. While inflation has generally moderated, specific sectors—such as furniture and gasoline—have experienced deflation, a phenomenon where prices decrease. In the broader context, this regression in prices is atypical; economic experts suggest that while price corrections are
As the financial world buzzes with anticipation, JPMorgan Chase is set to unveil its third-quarter earnings report just before the opening bell on Friday. This event is particularly significant, as investors and analysts will be monitoring it closely for insights into the broader banking industry’s health amidst a transformative period marked by shifts in the
In recent months, the Federal Reserve has found itself at a crossroads, contending with conflicting signals from the economy as it navigates the complexities of monetary policy. The minutes from the Fed’s September meeting reveal a pivotal moment in which officials opted for a half-percentage point cut in interest rates—an uncommon move that reflects both
In recent years, China’s economy has experienced significant ups and downs, characterized by periods of rapid growth followed by unsettling slowdowns. At the forefront of efforts to steer the nation through these turbulent waters is Zheng Shanjie, the chairman of the National Development and Reform Commission (NDRC). Zheng’s recent press conference outlines the government’s tactical