This makes Fidelity the first major plan provider – though almost certainly not the last – to allow trading in Bitcoin. Fidelity can make Bitcoin available on its platform, but it’s up to your plan fiduciary to decide whether having cryptocurrency in your 401 is in the best interest of you and other participants, or […]
Meanwhile, a combination of low inventories, higher prices and rising mortgage rates caused pending home sales to drop by 4.1% in February, surprising economists who forecast a gain of 1.0%. Investors looking to maintain their sanity until the proverbial storm clouds lift might find comfort in placing their capital in skilled and experienced hands. As […]
The Labor Department also said that December’s producer price index – which measures how much suppliers are charging businesses for goods – was up 9.7% annually and 0.2% sequentially. This morning, though, Delta Air Lines reported a larger-than-anticipated adjusted profit for its fourth quarter and its highest quarterly revenue since the pandemic began. The S&P […]
But broadly speaking, stocks merely went through the motions Friday, with a late-day swoon ensuring modest declines for the major indexes. Unlike other stock market holidays, New Year’s Day is observed by Wall Street only if it falls on a weekday. “This year will go down as one of the best ever for the bulls,” […]
The Centers for Disease Control and Prevention yesterday evening released new recommendations for those who have contracted COVID-19: most prominently, the agency reduced the suggested isolation time for asymptomatic carriers from 10 days to five. The only economic data point of note was the S&P CoreLogic Case-Shiller national home-price index, which showed that home prices […]
There’s always a “next thing” – whether it’s another strain of COVID, geopolitical tumult or some other bearish driver. And for those who like to actively manage their portfolios against such shocks, it’s good to have a handy list of protective plays at the ready. The Kiplinger Washington Editors, Inc., is part of the Dennis […]