Vanguard Signs Updated 'Passivity Agreement' to Limit Its Influence on Banks
By Dinah Wisenberg BrinThe pact removes the immediate threat to Vanguard’s ability to buy bank stocks, Vanguard watcher Jeff DeMaso says.
December 30, 2024
Stock Markets to Close Jan. 9 for Carter’s Day of MourningThe bond market will close at 2 p.m. New York time to recognize the 39th president's passing.
December 30, 2024
BlackRock’s Bitcoin Fund Became ‘Greatest Launch in ETF History’In just 11 months, iShares Bitcoin Trust grew to a behemoth with more than $50 billion in assets.
December 27, 2024
Inflation Spells Significant 2025 Tax AdjustmentsChanges will apply to standard deduction amounts, marginal rates and various credits beginning in tax year 2025.
December 27, 2024
Social Security Fairness Act Calls for 2024 Back PaymentsThe bill repealing the controversial Windfall Elimination Provision and Government Pension Offset awaits President Biden's signature.
December 26, 2024
Who Will Vote on Fed Policy Next Year?The four new voters are based at regional banks in Boston, St. Louis, Kansas City and Chicago.
December 26, 2024
What to Tell Clients About the New College Aid FormAfter a rough ride with last year's FAFSA, applicants should expect an easier time with the latest version.
December 26, 2024
Washington State’s Wealth Tax Debate Is Heating UpOpinions are divided over Gov. Jay Inslee's proposal, with critics including entrepreneur Nick Hanauer.