WASHINGTON (Reuters) – U.S. President Joe Biden pardoned five people on Sunday, including the late civil rights leader Marcus Garvey, and commuted the sentences of two, the White House said in a statement. Garvey, who died in 1940, was a civil rights leader who was convicted of mail fraud in 1923 and sentenced to five years’ imprisonment, a sentence that was commuted by President Calvin Coolidge in 1927. Human rights organizations credit Garvey as the first man to organize a mass movement among African-Americans. The White House said he created Black Star Line shipping company and founded the Universal Negro…
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Last year was a tipping point for crypto, which for the first time made it into the investment mainstream. New spot cryptocurrency exchange-traded funds (ETFs) started trading, crypto emerged as a campaign issue during the presidential election, and Bitcoin (BTC 0.79%) topped $100,000 at the end of the year. So it’s perhaps no surprise that many investors are now looking for ways to invest in crypto in 2025. But which cryptos are worth buying, and just how much exposure should you have to them? Let’s take a closer look. Bitcoin The obvious no-brainer pick here is Bitcoin, which was one…
Important Disclosures Company data is the source for all particular company information quoted. Definitions: The S&P 500 is a stock market index of 500 of the largest companies listed on stock exchanges in the United States. The Nasdaq Composite Index is a stock market index that consists of the stocks that are listed on the Nasdaq stock exchange. S&P Banks Select Industry Index comprises stocks in the S&P Total Market Index that are classified in the GICS asset management & custody banks, diversified banks, regional banks, other diversified financial services and thrifts & mortgage finance sub-industries. Markit CDX North America…
By David Shepardson WASHINGTON (Reuters) -TikTok stopped working for its 170 million American users late on Saturday before a law shutting it down on national security grounds took effect on Sunday, but a day before his inauguration, President-elect Donald Trump said “SAVE TIKTOK!” in a Truth Social post. Trump had earlier said he would most likely give TikTok a 90-day reprieve from the ban after he takes office on Monday, a promise TikTok cited in a notice posted to users on the app. “A law banning TikTok has been enacted in the U.S. Unfortunately, that means you can’t use TikTok…
The S&P 500 (^GSPC) just logged its best week since the November election as a cooler-than-expected inflation reading eased concerns that the Federal Reserve may rule out interest rate cuts for all of 2025. For the week, the S&P 500 jumped more than 3%, while the tech-heavy Nasdaq Composite (^IXIC) rose more than 2.6%. The Dow Jones Industrial Average (^DJI) led the gains, soaring nearly 4%. Markets will be closed for the Martin Luther King Jr. holiday Monday, pushing all attention to President-elect Donald Trump’s inauguration. Investors have been closely tracking where Trump’s tariff and tax policies will land and…
US President Joe Biden delivers his farewell address to the nation from the Oval Office of the White House in Washington, DC, on Jan. 15, 2025. Mandel Ngan | Via ReutersPresident Joe Biden on Sunday posthumously pardoned Black nationalist Marcus Garvey, who influenced Malcolm X and was convicted of mail fraud in the 1920s. Biden also pardoned immigrant rights activist Ravi Ragbir and criminal justice reform advocate Kemba Smith Pradia.Congressional leaders had pushed for Biden to pardon Garvey. Supporters long argued that Garvey’s conviction was politically motivated and an effort to silence the increasingly popular leader who spoke of racial pride.Ragbir…
©Dave Ramsey Commitment to Our Readers GOBankingRates’ editorial team is committed to bringing you unbiased reviews and information. We use data-driven methodologies to evaluate financial products and services – our reviews and ratings are not influenced by advertisers. You can read more about our editorial guidelines and our products and services review methodology. 20 YearsHelping You Live Richer Trusted by Millions of Readers What does the state of finances look like for most Americans today? To find out, the Ramsey Solutions team polled over 1,000 Americans about their own financial health and how they view the financial health of the…
Image source: Getty Images Life insurer Phoenix (LSE: PHNX) already has one of the highest dividend yields in the FTSE 100, at 10.6%. But forecasts suggest the company’s payout will continue to rise, meaning that today’s buyers could soon enjoy a yield of 11% on the original cost of their investment. Here are the latest broker consensus dividend forecasts for Phoenix: YearDividend per shareDividend GrowthDividend yield202454.1p+2.7%10.7%202555.2p+2.2%10.9%202656.8p+2.8%11.2% For some companies, I would see such a high yield as a warning that a cut’s likely. But in recent years, Phoenix’s dividend has been consistently covered by the surplus cash it generates. I…
By Peter Henderson and Chad Terhune LOS ANGELES (Reuters) – Karen Myles, 66, walked out of her Altadena, California home in the middle of the night in her pajamas, confronted by a forest of red and orange flaming trees and live wires from tumbled electric poles sparking in the street. Her son, who had woken her from a deep sleep, navigated their path to safety. The fire destroyed her neighborhood this month, and she is not going back. “I’m not going to rebuild. Oh no. Hell no. That fire took everything out of me. I’m going to fly away somewhere,…
Investing large sums of money can be nerve-racking. This can be particularly true when building a growth-focused portfolio. Yet, by looking under the hood of some well-known companies, I think it’s possible to construct a portfolio that stands the test of time. Here’s how I would build a hypothetical $50,000 portfolio today using some of my favorite growth stocks. Image source: Getty Images. Spotify Technology First, there’s Spotify Technology (SPOT -0.98%). I’ll allocate $15,000, or 30%, of my hypothetical portfolio to Spotify. Here’s why: The company is making the transition from a promising upstart to a streaming superstar. Indeed, since…