Private market investments could make an appearance in your 401(k) retirement plan soon, and a handful of asset managers are poised for a tailwind, according to Deutsche Bank. Earlier this week, The Wall Street Journal reported , citing people familiar with the matter, that the Trump administration is working on an executive order that would facilitate 401(k) plans’ access to private market investments. This order, the people told the Journal, would call on the Department of Labor and the Securities and Exchange Commission to offer guidance to plan administrators and employers on how to include these assets in retirement plans.…
Author: usaeverydaylife
(L-R) US First Lady Melania Trump, US President Donald Trump, FIFA President Gianni Infantino and his wife Leena Al Ashqar attend the FIFA Club World Cup 2025 final football match between England’s Chelsea and France’s Paris Saint-Germain at the MetLife Stadium in East Rutherford, New Jersey on July 13, 2025. Charly Triballeau | AFP | Getty ImagesPresident Donald Trump underwent a comprehensive medical exam that revealed he has a common vein disorder, but cleared him of more serious illnesses, the White House said Thursday.The White House disclosed the 79-year-old president’s medical information in response to speculation after photos showed Trump…
The US Capitol is seen in Washington, DC, on July 16, 2025. Alex Wroblewski | AFP | Getty ImagesThe U.S. House of Representatives passed a bill on Thursday that would develop a regulatory framework for cryptocurrencies and expand the Commodity Futures Trading Commission’s oversight of the industry.The move is a major win for the digital asset industry, which has pushed for federal legislation for years and spent heavily in last year’s elections to promote pro-crypto candidates. Source link
Shares of Abbott Laboratories fell Thursday after the diversified health-care company delivered a solid second quarter but left investors disappointed with forward guidance. Revenue in the three months ended June 30 rose 7.4% to $11.14 billion, outpacing the $11.07 billion consensus estimate, according to estimates compiled by LSEG. Organic sales , excluding Covid testing results, rose 7.5%, beating the 7.2% estimate, according to FactSet. Adjusted earnings per share (EPS) increased 10.5% on an annual basis to $1.26, edging out expectations by a penny, LSEG data showed. Why we own it Abbott is a high-quality medtech company. The stock has dealt…
(This is The Best Stocks in the Market , brought to you by Josh Brown and Sean Russo of Ritholtz Wealth Management.) Josh — A business that makes itself indispensable to its customers ends up being a business with a defensible moat, predictable cash flow, SG & A expenses in check and a happy employee culture. I like to think I am running such a business in wealth management — by incorporating tax and insurance in-house for wealth management clients, we’ve made ourselves indispensable. The more our clients come to rely on us for, the higher the engagement, the less…
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Market moves: Stocks were higher Thursday as the market continued to make its way through second quarter earnings season. Gains in the technology and industrials sectors were lifting the S & P 500 , while real estate and health care weighed on the index. Job cuts: Amazon cut jobs at its Amazon Web Services cloud computing division, the company confirmed on Thursday. The size and scope of the layoffs were unclear, but…
Elon Musk listens as US President-elect Donald Trump speaks during a House Republicans Conference meeting at the Hyatt Regency on Capitol Hill on November 13, 2024 in Washington, DC.Allison Robbert | Getty ImagesThe Securities and Exchange Commission has agreed to give Elon Musk more time to respond to its lawsuit over his alleged failure to properly disclose purchases of Twitter stock before bidding to buy the company.In a motion filed Thursday in U.S. District Court in Washington, the SEC said it had reached a joint agreement with Musk to push back the deadline for his response to Aug. 29. The…
A satellite view shows an overview of Fordow underground complex, after the U.S. struck the underground nuclear facility, near Qom, Iran June 22, 2025. Maxar Technologies | Via ReutersWASHINGTON — One of the three nuclear enrichment sites in Iran struck by the United States last month was mostly destroyed, setting work there back significantly. But the two others were not as badly damaged and may have been degraded only to a point where nuclear enrichment could resume in the next several months if Iran wants it to, according to a recent U.S. assessment of the destruction caused by the military…
(L-R) Brian Moynihan, Chairman and CEO of Bank of America; Jamie Dimon, Chairman and CEO of JPMorgan Chase; and Jane Fraser, CEO of Citigroup; testify during a Senate Banking Committee hearing at the Hart Senate Office Building in Washington, D.C., on Dec. 6, 2023.Saul Loeb | Afp | Getty ImagesNearly everywhere you look in the world of finance, things are going surprisingly well — at least for now.Wall Street is humming thanks to a boom in stock and bond trading and a pickup in corporations acquiring competitors and taking out massive loans. At the same time, Main Street is holding…
A number of asset managers have struggled this week as Q2 earnings have proved less than fruitful. By scanning for stocks making new three-month highs, I was able to identify one asset manager that has diverged from the rest. The charts of Apollo Global Management (APO) feature strong trend characteristics, improving relative strength, and supportive volume readings. We’re inclined to assume this uptrend has much further to go. The daily chart of APO features an inverted head and shoulders bottom pattern, formed by a major low surrounded by a higher low on each side. The key to this classic chart pattern…
