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fidelity investments
Elon Musk's X now worth 71% less than when billionaire bought it as Twitter
X, the platform formerly known as Twitter, is worth 71% less now than it was when Elon Musk bought it in late 2022, according to Fidelity.
401(k) balances shrank in latest quarter as more Americans took 'hardship withdrawals'
The average American's 401(k) balance plunged 4% in the latest fiscal quarter, attributed to an uptick in "hardship withdrawals," according to a new study by Fidelity.
Where to invest your money at a time of high interest rates
Fidelity's SPAXX money market account or high-yield savings accounts from SoFi or Ally could be options for those looking for a place to stash cash.
401(k)s drop amid market turmoil, but rate of savings increases
Turmoil in the stock market and runaway inflation has caused alarm among retirees as those living on savings see their retirement funds dwindle. The average 401(k) plunged nearly $10,000 in...
Fidelity offering bitcoin investing option in 401(k) accounts
Retirement giant Fidelity said it’s launched a way for workers to put some of their 401(k) savings and contributions directly in bitcoin, potentially up to 20%, all from the account’s...
Fidelity pauses voluntary return-to-office plans in New England
Banking giant Fidelity Investments on Monday said it has paused voluntary return-to-office plans for employees in New England, citing a rising risk from the COVID-19 pandemic.
TD Ameritrade puts limits on GameStop, AMC trades amid market mayhem
TD Ameritrade moved to rein in a Reddit-fueled stock-market frenzy on Wednesday by limiting some trades of GameStop and AMC Entertainment. The video-game retailer and the struggling cinema chain have become...
Billionaire loses another $500M over sex talk at conference
Outspoken billionaire Ken Fisher just lost another big client due to his controversial comments likening money management to approaching a woman in a bar to have sex. A Fidelity Investments...
Trump says 'willing to negotiate' on 401(k) limits
President Trump said he “may be willing to negotiate” with Congressional Republicans on lowering how much Americans can contribute to their 401(k) retirement accounts — just two days after promising...
Climate activists score major win with Fidelity
Fidelity Investments may support shareholder proxy proposals calling on companies to report on sustainability matters this year, a major shift by the Boston asset manager as climate activists gain more...
Ouch! Retiree health care costs hit record $260K
The average 65-year-old couple retiring today will need $260,000 just to cover healthcare expenses, a new study shows. That’s a six percent jump over last year’s estimated $245,000 and an...
Robo-investment advisers make move into retirement accounts
Robo-investment advisers are on the march. A leading company, Betterment, rolled out a Priceline-like program this week that syncs customers’ retirement accounts. Betterment, which oversees $3.7 billion in customer funds,...
Fidelity launches 'Matrix'-style stock investing software
Financial planning often involves lots of spreadsheets, pie charts and eyes glazing over. Fidelity Investments aims to change that equation with an experiment in 3-D technology designed to make money...
Fidelity mulls new trading venue amid HFT concerns
Fidelity Investments said on Thursday it is exploring the creation of a new trading venue with other asset managers, as regulators investigate the controversial practice of high-frequency trading. Fidelity, the...