The Daily

In the event former President Donald Trump wins the Presidential Election, certain regulatory items at the Department of Labor will likely be modified or abandoned altogether.

These include DOL initiatives on environmental, social and governance (ESG) investing, investment advice fiduciary standards, qualified professional asset manager (QPAM) eligibility, and the definition of independent contractor;

 » Read more about: What Changes Might a Trump Presidency Make to Retirement Regulations?  »

Following an impressive performance in 2023, domestic mutual funds that invest predominantly in the US equity market have continued to deliver better returns in 2024. Year-to-date (YTD),

 » Read more about: US elections: With 38% returns YTD, US-focused Indian mutual funds offer better geographical diversification  »

Warren Buffett made clear he would not publicly back either Kamala Harris or Donald Trump in the race for the White House. His nearly trillion-dollar conglomerate, Berkshire Hathaway, issued a statement on social media warning of “fraudulent” endorsements. The revered investor, meanwhile, told The Wall Street Journal he feared someone could try to mislead voters by impersonating his voice or likeness,

 » Read more about: Warren Buffett skipped endorsing a presidential candidate this election as many CEOs retreat from politics  »

• Ray Dalio says identifying your basic needs and ensuring they’re covered is key to a happy life.
• People can save money and ease their financial worries by focusing on the essentials, he said.
• Dalio told a podcast that the national debt, political infighting, and foreign rivals threaten the US.

 » Read more about: Billionaire Ray Dalio says people should budget for the basics — and the US faces 3 huge threats  »

The Federal Reserve not only cut interest rates in September for the first time in more than four years, but it did so rather aggressively. Typically, the Fed likes to lower interest rates by 25 basis points (one-fourth of a percent) at a time, unless there’s some sort of economic emergency like the COVID-19 pandemic,

 » Read more about: The Federal Reserve Could Give Savers Good News in November — Here's Why  »

Top dividend stocks can help investors earn recurring passive income for decades. Moreover, their strong fundamentals, growing earnings base, and focus on rewarding shareholders enable these companies to increase their distributions consistently over time. So, for investors seeking worry-free income, here are my top three dividend stocks to buy now.

 » Read more about: Here Are My Top 3 Dividend Stocks to Buy Now  »

Living paycheck to paycheck is stressful enough, and adding in an expense like saving for retirement can seem overwhelming. The good news is that plenty of other people have figured out how to do just that, and if they did, so can you. Undoubtedly, you have heard or read stories of people who worked lower-paying jobs but retired with millions,

 » Read more about: Here's How to Invest for Retirement When You're Living Paycheck to Paycheck  »

• Nvidia continues climbing following announcement of Dow Jones index inclusion.
• Nvidia will replace Intel on Friday, November 8.
• The stock market should be somewhat volatile this week as the US presidential election takes place on Tuesday.
• Sherwin-Williams is also replacing Dow,

 » Read more about: Nvidia stock rises at start of Tuesday as Dow Jones inclusion looms  »

Tech giants’ seemingly high valuations may actually understate their true worth as artificial intelligence reshapes the global economy.

 » Read more about: Are Tech Valuations Stretched to The Breaking Point? The Most Likely Answer May Surprise You  »

• Only 22% of parents are “completely confident” in their ability to teach their children the basics of investing, according to a new SIFMA Foundation survey.
• Financial advisors can be a resource for starting and broadening conversations to teach young people about investing.

The vast majority of parents agree it’s critical that their children learn about investing,

 » Read more about: Parents are not confident they can teach kids about investing. Here's how advisors say to get started  »