In a historical milestone, assets in U.S. exchange-traded funds (ETFs) surpassed the $10 trillion mark in November 2023, marking a significant achievement for the financial sector. According to Cerulli Associates, the surge in ETF assets is a reflection of increased investor interest and favorable market conditions. November saw an impressive $156 billion inflow into ETFs,
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The concept of beneficial ownership is critical in the realm of financial transparency and accountability, particularly in an age where illicit activities often maneuver through complex ownership structures. The Treasury Department’s recent introduction of a reporting requirement for small businesses to disclose beneficial ownership information (BOI) has garnered significant attention. This mandate calls for small
In the complex landscape of today’s economy, financial literacy emerges as a crucial skill for young adults. The ability to make informed decisions concerning budgeting, saving, investing, and managing debt is essential for fostering economic independence. Educational institutions have the responsibility to equip students with these tools, and KIPP DC College Preparatory’s NAF Academy of
The recent Federal Reserve updates signaling a gradual reduction in interest rates have sparked a mix of reactions among consumers, especially those grappling with debt. While borrowers may face added financial pressure, savers stand to enliven their returns from high-yield cash accounts. This article delves into the evolving landscape shaped by interest rates and the
The U.S. Treasury Department’s recent decision to extend the deadline for the filing of the Beneficial Ownership Information (BOI) report has sparked significant interest and concern across the small business community. Initially scheduled for a January 1, 2024, compliance deadline, businesses will now have until January 13, 2025, to comply. This move reflects the complex
As the holiday season concludes, many Americans find themselves burdened with newly acquired debt. A recent survey from LendingTree reveals that 36% of consumers engaged in holiday spending that led to debt accumulation, with an average balance of $1,181. Although this figure marks an increase from $1,028 in 2023, it is a notable decrease from
In recent years, the U.S. job market has experienced significant fluctuations, transitioning from an environment marked by unprecedented employee departures to one that is characterized by stability and retention. This transformation has given rise to what some economists label the “great stay,” signaling a phase where hiring activities, employee turnover, and layoffs have notably diminished.
The Internal Revenue Service (IRS) has recently announced an initiative aimed at aiding approximately one million taxpayers who are eligible for special payments of up to $1,400 each. This unprecedented move is designed for individuals who failed to claim the 2021 Recovery Rebate Credit on their respective tax returns. The Recovery Rebate Credit, also known