Vanguard, the low-cost investing pioneer, will now charge $100 to close an account — unless you’re a multimillionaire

by OverviewFX | Jun 18, 2024 | Stocks

The account-closure fee is a first for Vanguard, long a provider of low-cost investing options and a pioneer in passively managed index funds, and it’s not sitting well with some customers.

Meet the 10 biggest megadonors in the 2024 election cycle so far

by OverviewFX | Jun 18, 2024 | Stocks

Learn about each of the top 10 megadonors in the current election cycle.

New St. Louis Fed president says first rate cut might not come for months — or even longer

by OverviewFX | Jun 18, 2024 | Stocks

St. Louis Federal Reserve Bank President Alberto Musalem, in his first speech in his new role on the economy, said it could take months or even longer for conditions to emerge that would warrant cutting interest rates.

Fed’s Kugler sees interest-rate cut this year and says economy is ‘moving in right direction’

by OverviewFX | Jun 18, 2024 | Stocks

Federal Reserve Gov. Adriana Kugler on Tuesday said “it will likely become appropriate” to cut U.S. interest rates later this year if the economy continues to slow and inflation wanes as she expects.

Fed’s Barkin: More data is needed before any changes are made to interest rates

by OverviewFX | Jun 18, 2024 | Stocks

Richmond Federal Reserve Bank President Tom Barkin on Tuesday described the outlook for the U.S. economy as uncertain and said the Fed should keep its benchmark rate steady until a clearer picture emerges of the path of inflation and the labor market.

This hasn’t happened to restaurant spending since the pandemic

by OverviewFX | Jun 18, 2024 | Stocks

A sign of financial stress? Sales at bars and restaurants in the U.S. have fallen in four of the past six months for the first time since the pandemic.