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5 Biggest Personal Finance Stories of 2023

Most Crucial Personal Finance Stories from 2023

With 2023 approaching its end, we have brought our top 5 stories from 2023 that had the biggest impact on the overall economy. From the feds lowering interest rates to high mortgage rates to student loan payments, there were plenty of stories in 2023 that influenced the economy and the general public.  The past year has been quite turbulent for the economy as inflation, rising…

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Boeing Stock Slips on Possible Loose Bolt on Best-Selling 737 MAX

Boeing Stocks Fall After 737 MAX Inspections For Possible Loose Bolt

Shares of Boeing(BA) fell Thursday after the Federal Aviation Administration said it was monitoring “targeted inspections of 737 MAX aeroplanes to look for a possible loose bolt in the rudder control system.”  Boeing informed regulators and airlines of the possible mishap after an unspecified airline discovered a bolt with a missing nut during a routine inspection. Boing also inspected undelivered planes and found a loose…

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A Complete Guide to Fixed Income

A Complete Guide to Fixed Income: Types and How to Invest in Fixed Income

Thanks to the global economic slowdown and geopolitical conflicts, investors are looking for low-risk investment options. The equity market is becoming volatile day by day. In that case, fixed income investments are here dressed as rescuers. Fixed-income securities hold a special place in the heart of investment individuals seeking secure and predictable returns.  For a balanced portfolio, having a fixed-income investment is critical whether you…

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CarMax Helps Drive the S&P 500 Higher

Why CarMax stock is soaring?

Shares of CarMax(KMX) soared as much as 13% on Thursday and settled close to 5.2% after the biggest U.S. used-car retailer beat earning estimates as it sold more vehicles in the wholesale market and restarted its share repurchase program.  For its fiscal third-quarter ended November 30, CarMax’s revenue declined 5.5% year-over-year to $6.15 billion, missing analyst’s estimates for sales of $6.3 billion. On the other…

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Aon to Acquire Insurance Broker NFP for $13.4 Billion

Aon to Buy Insurance Broker NFP in $13.4 Billion Deal

Management consulting firm AON(AON) said on Wednesday that it would buy middle-market insurance broker NFP in a cash and stock deal worth $13.4 billion to tap the middle-market segment of insurance brokerage, wealth management, and retirement plan advisory.  The deal will be funded by $7 billion cash and $6.4 billion of Aon stock. Aon said it expects the deal to generate more than $2.8 billion…

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Alphabet Stock Soared as Market Takes a Dip

Alphabet Stock Soared as Market Takes a Dip

Shares of Google-parent Alphabet(GOOGL) soared and hit a 52-week high after reports that it would restructure its ad sales unit to focus more on Artificial Intelligence.  Sean Downey, who leads Google’s ad business in North America and South America, said in a department-wide meeting that the company’s 30,000-person ad sales unit would be reorganized, according to people familiar with the matter. He did not specify…

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10 Biggest Companies in the World by Market Cap

10 Biggest Companies in the World by Market Cap

A company's Market Capital is the reflection of a company's worth in the real world. To be precise, a market cap is the company's total value of shares of stocks. Market capital sometimes referred to as “Market Cap” is used to calculate the value of the company. It is calculated by multiplying the current share price with the total outstanding shares. For example, if a…

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Walmart

Affirm Holdings Stocks Soared After Company Expands Relationship With Walmart

Shares of Affirm Holdings(AFRM) rose 15% on Tuesday after the company announced that it has expanded its buy now, pay later(BNPL) relationship with Walmart(WMT).  In a press release, Affirm announced it has expanded its services with Walmart to enable customers to select its pay-over-time options at self-checkout stands at more than 4500 Walmart stores. The payment network’s services were previously available at Walmart’s website and…

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Why Prices Are Probably Never Going Back Down

Will Inflated Prices Ever Go Back Down? Probably Not!

While inflation might be gradually going down, we probably won’t ever see those pre-pandemic prices at grocery stores and department stores.  That’s because prices on average generally rise up over time and only fall when something is wrong with the economy. Officials at the Federal Reserve who are responsible for setting the nation’s monetary policy are determined to keep it that way.  According to the…

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Lufthansa to buy Boeing

Lufthansa to Buy Boeing 737 Max Jets in the First Single-Aisle Order in Nearly 30 Years

Boeing(BA) shares moved higher after the planemaker secured an order for single-aisle planes from Germany’s Deutsche Lufthansa AG.  Lufthansa ordered 80 planes from Boeing and Airbus and agreed to future purchasing options for a total value of $9 billion. The deal states that 40 Boeing 737 MAX 8 Planes and 40 Airbus A220-300s are to be delivered between 2026-2032. It also includes 60 future purchasing…

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