All posts in Stock Market Updates

Of course, every personal situation is different. Sanchez says people approaching retirement should consider being more conservative with their investments. “If you’re within five years of retirement, hopefully you’re already converting your portfolio; the transition to a more conservative portfolio, where you’re not 100 percent in a stock or stock market, maybe 25, 35 percent, so you can get through that,” Sanchez said. Armijo says retirees who plan to use investments to help fund retirement income need a plan to make sure they don’t come up short. “That’s the No. 1 factor we see in retirees: Not enough money,” he…

NEW YORK (AP) – The head of the nation’s financial watchdog is weighing in on how useful fines are in deterring illegal behavior in the financial industry, saying some companies have gotten so big that the money they make little difference. In an interview with The Associated Press, Rohit Chopra noted that the Consumer Financial Protection Bureau plans to roll out a series of tools that could limit a bank or financial firm’s ability to do business if they break the law. In less than a year at the helm of the CFPB, Chopra has moved to turn the agency…

Independent investment bank Lazard has hired a new CFO from Citadel. The US-based company has appointed Mary Ann Betsch as chief financial officer, it said in a statement. He will join the bank on October 3. Betsch will replace Evan L. Russo, who served as chief financial officer for five years before taking over as CEO of Lazard’s asset management business in June. TO READ Lazard CEO Jacobs: Fierce battle for top business makers has cooled Betsch previously worked at hedge fund Citadel, where she was managing director of its finance and accounting function. He was previously at Big Four…

TORINO, Italy and DAYTON, Ohio–(BUSINESS THREAD)–Panini S.p.A, a global payment technology provider, is participating in the new Febraban Tech event in São Paulo, Brazil (booth #96), three years after the last edition in the presence of its predecessor, the CIAB, a shutdown due to the COVID-19. 19 pandemic. Before this forced break, Panini had been exhibiting at CIAB Febraban for twelve consecutive years. Febraban Tech leaves the Transamerica Expo Center and moves to the São Paulo Biennale pavilion, designed by Oscar Niemeyer, one of the greatest architects of the last century. The exhibition building is located in Ibirapuera Park, the…

Provided photo: The Wheeling Area Chamber of Commerce held a ceremonial ribbon cutting for Rohrig Financial on National Highway Wednesday. Pictured, from left, Wheeling City Manager, Robert Herron, Sunny West, BCM, Business Management, Wesbanco, Anthony Ruiz,– Owner, Ruiz Insurance, Jennifer Rohrig, Rohrig CFO Shawn Rohrig, Rohrig Assistant Financial Advisor Christine Williams, City Advertising’s Dave Rose and Chamber President Kurt Zende. A local financial firm on National Road hopes to keep its momentum going. Rohrig Financial opened its doors on National Highway last June, but the Wheeling Area Chamber of Commerce celebrated the young business with a ceremonial ribbon cutting Wednesday…

A branch of Barclays Bank is seen in London, Britain on February 23, 2022. Peter Nicholls | Reuters Barclays saw second-quarter profit fall on Thursday after taking a substantial provision related to a costly trading error in the US The British bank reported net profit of 1.071 billion pounds ($1.3 billion) attributable to shareholders, meeting expectations of 1.085 billion pounds expected by analysts, according to Refinitiv. However, it marked a drop of 48% compared to the same period of the previous year. Barclays took £1.9bn of litigation and conduct charges in the first half of the year, including a £1.3bn…