Wednesday,
July 10, 2024
Market recap
Dow Jones
39,291.97
-52.82 (-0.13%)
S&P 500
5,576.98
+4.13 (+0.07%)
Nasdaq
18,429.29
+25.55 (+0.14%)
Top Story
How women could save the economy from its aging workforce
Aging populations are a big problem for advanced economies around the world. But pro-family policies could help change that in more ways than one.
The S&P 500 and the Nasdaq Composite notched fresh records again
• Federal Reserve Chair Jerome Powell told the Senate Banking Committee that there are risks to keeping interest rates too high for too long.
What to be on the lookout for today
• Powell will testify before the House Financial Services Committee.
• We’ll also get the weekly update to the 30-year mortgage rate.
Climate investing 101
You can put your money where your mouth is when it comes to being eco-conscious.
Climate investing aims at investing in companies and projects that promote sustainability and minimizing environmental damage.
Some climate investing options are wind and solar energy, both of which are renewable energy resources.
This may include investing in wind farm operators, wind turbine manufacturers, or companies that make or sell solar energy products, such as solar panels.
There are also exchange-traded funds (ETFs) and mutual funds that can offer exposure to climate-conscious companies and sectors.
Perhaps you already have an investment portfolio but are looking to diversify by adding investments that align with your views on the climate.
As with any investment strategy, inform yourself before you invest, and make sure your actions align with your financial goals and risk tolerance.
Today’s top stories
Is it time to move in together?Younger Americans are taking their relationships to the next level to save money on housing costs.
Read more >> Is cobalt the commodity of the moment?Hedge funds and governments are stockpiling cobalt after its price tumbled. Here’s what you need to know.
Read more >> Stock analysis? No problem!If you’re planning to buy individual stocks, analyzing your potential targets is a sensible first step. Here’s what you need to know to get started.
Read more >>Other news that caught our eye
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Walmart cut its annual fee for Walmart+ in half for a limited time ahead of Amazon’s Prime Day.
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DoorDash is taking steps to limit traffic violations and driver account sharing in major cities after Boston officials penned a letter to the company and its competitors warning of “dangerous behaviors” by delivery drivers.
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Some two-thirds of medical students at Johns Hopkins University will receive free tuition starting this fall following a $1 billion donation from Bloomberg Philanthropies.
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The White House proposed the first federal climate standards to protect workers from heat waves, including requirements for employers to provide access to water, breaks, and forms of cooling.
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The Olympics but green: Medalists in Paris will be standing on 100% recycled food containers made by a start-up called Le Pavé.
Financial planner tip of the day
"For money you’ll use in three to seven years, you may be prepared to take slightly more risk than a savings account but still want to take less risk than your retirement money. You might choose to use a brokerage account where you can invest that money in stocks, bonds, cash, or other asset classes. Just be sure to keep your comfort with risk in mind."
Brian Walsh, CFP® at SoFi