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Latinas contributed $1.3 trillion to U.S. economy, new report says. That number could be even bigger
A recent report funded by Bank of America revealed that Latinas contributed $1.3 trillion to U.S. GDP in 2021, and some economists think it could be more.Read More...
FDIC unveils rule forcing banks to keep fintech customer data in aftermath of Synapse debacle
The rule, aimed at accounts opened by fintech firms that partner with banks, makes the institution maintain records of who owns the account and daily balances.Read More...
This is the ‘billion-dollar blind spot’ of 401(k)-to-IRA rollovers, Vanguard finds
Many investors are unaware their rollover from a workplace retirement plan to an individual retirement account sits in cash as a default.Read More...
China’s local government debt problems are a hidden drag on economic growth
China's persistent consumption slowdown traces back to the country's real estate slump, and its deep ties to local government finances — and debt.Read More...
China’s retail sales and industrial data miss expectations in August
Growth in the world's second-largest economy has slowed after a disappointing recovery from Covid-19.Read More...
Stocks often drop in September — but many investors shouldn’t care
September is historically the worst month for the stocks of large U.S. companies. But that doesn't mean investors should sell out of the market.Read More...
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