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Fidelity Rolls Out Zero-Fee Index Funds
Wednesday, August 1, 2018 - 4:34pm | 416Fidelity Investments rolled out a number of new products and features Wednesday aimed at providing investors with value and flexibility. What Happened? Fidelity announced a series of changes and enhancements to its product offerings: Zero expense ratio mutual funds. No account minimums. No account...
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'Busiest Trading Day Ever': Brokerages, Retail Clients React To Volatility
Tuesday, February 6, 2018 - 4:54pm | 790It’s been a busy few days for brokerages and robo advisors, and the early indications are in: retail investors were not only unfazed by the recent sell-off, but they were eager to buy the dip. "We saw a large spike in transaction volume and trading activity on the platform [Monday] as...
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More Than Half Of Americans Have Less Than $1,000 In Savings
Saturday, September 16, 2017 - 10:40am | 330Rough estimates suggest the average American will need more than $1 million set aside for retirement. According to the latest survey from GOBankingRates, Americans have a long way to go. The survey asked participants how much of a balance they have in their savings accounts, and the numbers were...
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All Things Digital: Fidelity's Kathleen Murphy On Using Millennials As 'Highest Standard' For Creating Experiences
Tuesday, June 20, 2017 - 4:53pm | 560To appeal to a broader client base, Fidelity Investments is embracing “all things digital” and recruiting millennial talent. “Frankly, we’re using millennials as the highest standard for how we create the capabilities and experiences,” Kathleen Murphy, president of...
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Fidelity's Jenn Samalis Embraces Fintech And The Theory Of Agile Collaboration
Wednesday, May 10, 2017 - 10:40am | 623While not averse to acquisitions, Jennifer Samalis says her fintech cohorts at Fidelity Investments like to innovate on the inside, in close contact with customers throughout the development process. "We design with the customer right there," said Samalis, senior vice president for...
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10 Richest Billionaires In Finance
Monday, March 20, 2017 - 2:50pm | 651Forbes released its ranking of the world's richest people. Ironic or not, just one billionaire in the top 10 earned their fortune through investments and banking: Warren Buffett. Here is a look at the top 10 richest people in the field of finance. 10 Richest People In Finance 1. Warren Buffett:...
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It's That Time Of The Year: Analysts Offer Their 2017 Outlook
Wednesday, December 28, 2016 - 10:07am | 362The first trading session of 2017 is less than a week away, so naturally, the topic on everyone's mind is what to expect in the coming year. Wall Street analysts and trading experts are more than happy to offer their top picks and outlook. Jeff Hirsch: Anticipating The Unknown Jeff Hirsch of the...
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How To Beat The Market: Invest During Odd-Numbered Years
Thursday, November 3, 2016 - 2:12pm | 404Fidelity Investments conducted a survey of what investors think of the U.S. election and its impact on the stock market. Seventy-four (74) percent of investors whom Fidelity surveyed believe the party that controls the U.S. government has an impact on the stock market. However, 14 percent of...
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Jessica Alba's Honest Co. Taking Its Sweet Time Going Public
Thursday, June 30, 2016 - 2:45pm | 299Jessica Alba's Honest Co., the shopping startup best known for creating diapers, sunscreens and cleaning products, is not in a rush to go public, reported Bloomberg, referring to the sources close to the company. Honest Co. posted revenue of about $275 million in 2015, significantly higher than the...
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Pro: This Is Why Stocks Are Stuck In A 'Bull Market Purgatory'
Friday, June 10, 2016 - 9:26am | 220There are many ways to describe the state of the equity market, but Jurrien Timmer of Fidelity Investments has a unique answer: "bull market purgatory." Speaking as a guest during CNBC's "Squawk Box" segment, the investment manager said that the market is stuck in this "bull market purgatory"...
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When It Comes To Money, Fidelity Data Shows Many Couples Just Don't Communicate
Friday, July 17, 2015 - 2:44pm | 1251Experts advise people to “never keep secrets in a relationship,” yet, according to Fidelity Investments 2015 Couples Retirement Study, 43 percent of today’s couples cannot correctly estimate how much their spouse earns. John Sweeney, Fidelity Investments executive vice...
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Make Money On Your Apple Watch
Friday, April 17, 2015 - 9:03am | 331Financial-savvy and technology enthusiasts should get excited over the arrival of the Apple Inc. (NASDAQ: AAPL) Watch product as it could make their financial management life a bit easier. Companies such as Citigroup, E-Trade and Fidelity Investments are in the process of developing (or have...
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Fidelity Investments VP Ken Hevert Shares Retirement Tips At Tax Time
Friday, April 10, 2015 - 1:18pm | 937The April 15 tax deadline is fast approaching, motivating many investors to open or make their annual contribution to an Individual Retirement Account (IRA). Business data from Fidelity indicates 25 percent of people contributing to their IRAs make those contributions in April. Ken Hevert,...
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Will Actavis Win Competition For Allergan's Affection?
Thursday, October 16, 2014 - 11:10am | 839Four pharmaceutical companies have been flirting with merger deals. Discussing the confusing courting, Barron’s called them the Bob & Carol & Ted & Alice of pharmaceuticals, referencing the sexy 1969 comedy-drama with the tag line “Consider the Possibilities.” In...
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Fidelity's Jurrien Timmer Goes Over Everything, From JGB Volatility To Gold
Thursday, May 30, 2013 - 3:21pm | 758Jurrien Timmer, Director of Global Macro & portfolio manager at Fidelity Investments, appeared on CNBC Squawk Box on Thursday where he discussed everything from the volatility of the JGB to secure cash cushions. "I think what we're seeing in Japan is that the unintended consequence has come...