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The aerospace sector, one of the largest and most powerful industries in the United States, supplies five markets: military aircraft, missiles, space, commercial airliners, and general aviation. The U.S. aerospace sector is considered the largest in the world and is the main supplier of both military and civil aerospace hardware to the rest of the

The U.S. Bureau of Labor Statistics (BLS) releases the Employment Situation Summary, better known as the employment, or jobs report, at 8:30 a.m. ET on the first Friday of every month. The report is based on surveys of households and employers. It estimates the number of people on payrolls in the U.S. economy, the average

Cryptocurrency investing can be a great way to diversify investments but figuring out which cryptocurrency is suitable and which isn’t can be challenging. In order to make an informed investment decision, it is important to know how to analyze cryptocurrencies. Key Takeaways Investing in cryptocurrency requires an understanding of its pros and cons due to its

You may have received non-employment income from a bank account that paid you interest. Or from a brokerage account with dividend-paying stocks. Or maybe you did some freelance work as an independent contractor. Or perhaps, you received unemployment benefits. Each type of non-employment income requires a different version of the 1099 form to report that

A company’s balance sheet, also known as a “statement of financial position,” reveals the firm’s assets, liabilities, and owners’ equity (net worth). The balance sheet, together with the income statement and cash flow statement, make up the cornerstone of any company’s financial statements. If you are a shareholder of a company or a potential investor, it

401(k) and 403(b) Plans: An Overview Named after sections 401(k) and 403(b) of the tax code, both 401(k) plans and 403(b) plans are tax-advantaged defined-contribution (DC) retirement vehicles offered by employers. The primary difference between the two is the type of employer sponsoring the plans—401(k) plans are offered by private, for-profit companies, whereas 403(b) plans are

If you’re one of the millions of people who have struggled financially during the COVID-19 pandemic, it’s important to know that help is available. Here is a brief overview of the assistance programs available to struggling Americans. Key Takeaways Numerous government assistance programs have been created in response to the COVID-19 pandemic including the $1.9

The adulthoods of millennials—who are between 26 and 41 years old—have been marked by some of the most monumental economic events in modern history. Though life experiences, debt burdens, and frequent money decisions have left many millennials quite stressed, The 2022 Investopedia Financial Literacy Survey found this generation is also the most confident and invested—literally—in

Former President Donald Trump drew intense criticism from many in the international community for his protectionist stance and strict adherence to an “America First” agenda on the matter of trade. Among other concerns for the Trump administration, one of the primary targets of the former president’s ire was the North American Free Trade Agreement (NAFTA).

Millions of people nationwide are struggling to keep up with their bills. If you’re one of them, you may be considering making partial payments, thinking that some money is better than none, even if it’s less than the minimum due. Though partial payments can help reduce the interest that accrues on your debt, lenders typically

The demise of brick-and-mortar retail may be capturing the news, but despite the Amazon effect, some companies are still thriving. Even as Amazon’s entry into the retail pharmacy business becomes real, CVS Health is not just looking to survive, but to grow. In May 2018, CVS made progress regarding its $69 billion acquisition of Aetna Inc., an American

There are more than 43 million student loan borrowers in the United States, making it one of the largest types of consumer debt—only second to mortgage loans. Student loan borrowers owed a total of $1.728 trillion in student loan debt by the end of the first quarter of 2021. The average balance held per borrower

New York municipal bond mutual funds provide investors with professionally managed exposure to the New York municipal bond market. New York municipal bond funds primarily invest in bonds issued by New York state, local governments, regional governments, and special purpose districts. In turn, these funds are used to support public projects such as schools, highways,

Student loan borrowers have a variety of options when the time comes to start repaying their loans. Federal student loans offer the most flexibility, while the choices with private student loans are more limited. The best way for you to repay will depend on the kind of loans you have, how much you owe, and

Student loans can sometimes feel like a scam. Actual student loan companies like Navient, which provide student loans, have been embroiled in lawsuits and allegations from states like Washington, as well as the Consumer Financial Protection Bureau (CFPB). The worst student loan companies may appear to be scammers, but there are actual student loan forgiveness scams