Weekly Market Recap – February 6, 2023
The Markets (as of market close February 3, 2023) Just when investors saw a glimmer of hope that the Fed would soften its rate-hike policy, the January labor figures came out showing a massive job increase coupled with moderated wage growth. The latest employment data is evidence of a labor market that has withstood the […]
Weekly Market Recap – January 30, 2023
The Markets (as of market close January 27, 2023) Wall Street ended last week higher on favorable inflation, economic, and corporate earnings data. Investors now must await the Federal Reserve’s meeting this week to see whether the Fed will soften its policy of aggressive interest-rate hikes. Fourth-quarter corporate earnings season is wide open with roughly […]
Weekly Market Recap – January 23, 2023
The Markets (as of market close January 20, 2023) Last week saw stocks slide lower, despite a rally last Friday. Only the tech-heavy Nasdaq was able to post a gain among the major benchmark indexes. Throughout the week, investors had to balance data that showed inflation was waning with the impact rising interest rates may […]
Shareholder coalition withdraws transparency proposal in light of Apple’s plans
A coalition of investor advocates led by Azzad Asset Management withdrew a shareholder proposal this month after reaching an agreement with Apple Inc. regarding the company’s plan to improve its transparency reports and specifically add clarity around the removal of applications from its app store in response to government requests. The proposal raised concerns about […]
5 Financial Resolutions to Start 2023 on the Right Foot
The beginning of a new year is a great time to commit toward improving your financial life. Do you have an old 401(k) that’s riddled with haram holdings, but haven’t found the time to correct it? Perhaps you’re busy working hard only to feel like your savings going nowhere. Is your financial life so chaotic […]
FTX – Lessons Learned from a Lack of Due Diligence
What do a supermodel, Shark Tank star and sovereign wealth fund have in common? They all failed to ask questions before investing their money. The investments were related to the cryptocurrency exchange FTX and its trading arm affiliate, Alameda Research. Here are 4 factors you should consider before you invest in any potential investment. Conflicts […]
Weekly Market Recap – January 9, 2023
The Markets (as of market close January 6, 2023) Last Friday’s rally helped drive stocks higher to end the first full week of January. Investors apparently saw a deceleration in November and December average hourly earnings (see jobs report below) as a sign that the aggressive monetary policy followed by the Federal Reserve may actually […]
SECURE Act 2.0: What You Need to Know
Here is an update on some significant changes designed to help Americans save more for retirement. You may have heard of the SECURE Act 2.0, which Congress passed as part of a larger federal spending bill last week.1 This legislation builds upon the 2019 Setting Every Community Up for Retirement Enhancement Act and includes several provisions […]
Five Most Overlooked Tax Deductions
Who among us wants to pay the IRS more taxes than we have to? While few may raise their hands, Americans regularly overpay because they fail to take tax deductions for which they are eligible. Let’s take a quick look at the five most overlooked opportunities to manage your tax bill. 1. TheBalance.com, 20212. IRS.gov, […]
Weekly Market Recap – December 12, 2022
The Markets (as of market close December 9, 2022) Stocks couldn’t maintain momentum from the previous two weeks, ultimately closing last week in the red. The small caps of the Russell 2000 gave back over 5.0%, while the Nasdaq dropped 4.0%. The S&P 500 fell 3.4%, the Dow declined 2.8%, and the Global Dow dipped […]
