2024's first quarter has been fruitful for investors.
NEW YORK (AP) — U.S. stocks are holding relatively steady Thursday as Wall Street coasts into the close of its latest winning month and quarter. The S&P 500 was 0.1% higher in afternoon trading after setting an all-time high the day before. It’s roared roughly 10% in this year’s first three months. The only quarter that’s been better in the last two years was the one that came just before. The Dow Jones Industrial Average was up 27 points, or 0.1%, as of 12:20 p.m. Eastern time, and the Nasdaq c
NEW YORK (AP) — Sam Bankman-Fried co-founded the FTX crypto exchange in 2019 and quickly built it into the world's second most popular place to trade digital currency. It collapsed almost as quickly. By the fall of 2022, it was bankrupt. Prosecutors soon charged Bankman-Fried with misappropriating billions of dollars in FTX customer deposits. They said he used the money to prop up his hedge fund, buy real estate, and attempt to influence cryptocurrency regulation by making campaign contributions
Getting started on your retirement savings can be confusing for many, from figuring out which strategy is the best approach to just discerning the difference between account types, like a traditional IRA (individual retirement account) and a Roth IRA. Maconomics Founder and CEO Ross Mac sits down with Brad Smith to explain the key differences between these retirement accounts and the next steps investors should take after simply opening these accounts. "That money is just sitting there. Your next step is now, what I recommend, is putting that into an index fund — most commonly [an] S&P 500 [fund]," Mac says, going on to discuss employers' 401(k) contributions. For more expert insight and the latest market action, click here to watch this full episode of Wealth! Editor's note: This article was written by Luke Carberry Mogan.
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