401(k) and 403(b) Plans: What's the Difference?
The biggest difference is that 401(k)s are offered by for-profit companies and 403(b)s are for nonprofit or government employees.
The biggest difference is that 401(k)s are offered by for-profit companies and 403(b)s are for nonprofit or government employees.
The last few weeks have been rocky, with the collapse of Silicon Valley Bank, and the crypto-heavy Silvergate and Signature banks, dominating the headlines. For a short time, it seemed that the contagion would spread to the global financial giants. Now, however, it appears that we’ve managed to avoid a true banking crisis – and Raymond James’ chief investment officer Larry Adam has pointed out several reasons why. For starters, Adam notes that Credit Suisse, despite its troubles, found a way out
The Fed and other central banks want to bring down inflation at all costs. Is it worth it?
Elon Musk on late Monday offered his opinion on what the Federal Reserve should do with its benchmark interest rate. The Fed's FOMC is meeting for two days this week.
Being profitable on paper belies the tough situation for GameStop.
Airfare prices move up and down based on two major things -- passenger demand and the cost of actually flying the plane. Domestic air travel traffic for 2022 rose 10.9% compared to the prior year. The nation's air traffic in 2022 was at 79.6% of the full-year 2019 level.
UBS on Sunday agreed to buy rival Swiss bank Credit Suisse for 3 billion Swiss francs ($3.23 billion) in stock and agreed to assume up to 5 billion francs ($5.4 billion) in losses, in a shotgun merger engineered by Swiss authorities to avoid more market-shaking turmoil in global banking. Klein, a veteran dealmaker, was merging his eponymous advisory boutique into Credit Suisse's investment banking operations to create CS First Boston as a standalone business which he would have led from New York. UBS has now assigned a legal team to examine how to void the contract Credit Suisse signed with Klein in the cheapest way possible, according to the FT report, which cited people with direct knowledge of the matter.
Abel, who heads the non-insurance operations of Berkshire (ticker: BRK.A, BRK.B), purchased 55 class A shares at a price of $447,259 on Friday, lifting his stake in the A shares to 228 shares. Berkshire shares rose 1% Tuesday to $460,515, and the B shares gained 0.9% to $303.85. The purchases were made on behalf of the Gregory Abel Revocable Trust on behalf of his wife, children, and other family members.
Analyst Mark Delaney downgraded the company to Sell from Hold. His price target is $5 a share, down about 35% from recent levels.
(Bloomberg) -- Nio Inc. is “very confident” of meeting its target of doubling sales to 250,000 electric vehicles this year, Chief Financial Officer Steven Feng said, prompting the Chinese automaker’s shares to surge in Hong Kong. Most Read from BloombergBomb Threat Called In to New York Court Where Trump Hearing HeldBiden Stunts Growth in China for Chipmakers Getting US FundsFed Caught Between Inflation and Bank CrisisFirst Republic Rescue May Rely on US Backing to Reach a DealSVB’s Loans to Ins
Is the Fed's next rate hike decision going to be "poorly perceived" by the markets and bring the U.S. economy closer to recession? Experts Mike Lee and Kathryn Rooney Vera weigh in.
It's the second scandal involving fake nickel in as many months.
Saudi Crown Prince Mohammed bin Salman last year directed government-backed Saudi National Bank to make a $1.5 billion investment in Credit Suisse that his financial advisers harbored doubts about.
The videogame company's surprise profit sent its shares higher and boosted fellow meme stocks AMC Entertainment and Bed Bath & Beyond.
When banking failures occur, depositors naturally become worried about their money. They also tend to question whether to withdraw cash from their accounts or leave it where it is. And as depositors look for a safe place to house their … Continue reading → The post Are Money Market Accounts Safe? appeared first on SmartAsset Blog.
Boeing (BA) closed the most recent trading day at $204.70, moving -0.03% from the previous trading session.
AT&T saw a positive improvement to its Relative Strength (RS) Rating on Tuesday, with an increase from 66 to 78. When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength. See if AT&T can continue to show renewed price strength and hit that benchmark.
With smaller banks likely to pull back from commercial real estate lending, REITs could pick up the slack. Right now, they're cheap and sport yields topping 10%.
The FDA seeks to optimize the development of gene therapies to help get accelerated approval of therapies. The US health regulator is looking to encourage using biomarkers, such as pulse and blood pressure, which are characteristics of the body that can be measured. The FDA will support using biomarkers as substitutes for other biological indicators in gene-therapy clinical trials to help clinch "accelerated approval," Reuters reported citing the agency's official Peter Marks. FDA grants acceler
After Silicon Valley Bank collapsed the Fed is between a rock and a hard place over whether to raise interest rates to lower inflation or not.