Dow, S&P 500 Climb to New Records

U.S. stocks rose to record highs on Monday as investors prepared for a major week of earnings from heavyweight tech companies.

The Dow Jones Industrials gained 64.13 points to 35,741.15,

The S&P 500 marched ahead 21.58 points to 4,566.48, for its own record high.

The NASDAQ Composite sprinted 136.51 points to 15.226.71, buoyed by a historic day for Tesla.

The electric vehicle pioneer, which reported record revenue and profits last week, gained more than 12% and saw its market cap surpass $1 trillion after Morgan Stanley hiked its price target on the shares to $1,200 from $900. Rental car company Hertz also announced that it would order 100,000 Tesla vehicles.

The sharp move for the stock helped the market start the week off strong ahead of a busy week of earnings. Tech giants Alphabet, Microsoft, Amazon and Apple are set to report this week, along with Dow components Caterpillar, Coca-Cola, … Read more

Budget boost for low-earners as minimum wage rises to £9.50 an hour

Rishi Sunak will confirm one of the biggest increases in the minimum wage this week after independent advisers recommended that the main rate should rise to £9.50 an hour.

The Low Pay Commission, a panel of experts, has said that the national living wage, which is paid to the lowest earners aged 23 and over, should increase from £8.91 an hour to £9.50, a rise of 6.6 per cent.

The chancellor will announce in his budget on Wednesday that the government will accept the recommendation, meaning the new rates will take effect from the start of April next year.

Ministers hope the above-inflation increase will help low earners who are struggling with the cost of living and go some way to realising the prime minister’s aspiration of a “high-wage, high-skill, high-productivity economy”.

To someone working 35 hours per week, the increase will be worth an extra £1,074 a year before … Read more

The Benefits of Unsecured Personal Loans

Unsecured personal loans are one of the best ways that you can quickly get funding for emergency needs. I know that if you have the option of getting a secured loan and an unsecured loan, you will probably go for the latter.

The chances are that unsecured loans have more customers because they do not need a pot of documentation. But, on the other hand, you will need a high-value asset to qualify for one to get a secured loan.

But wait, I need to make sure we are on the same page.

What is an unsecured loan?

An unsecured loan is that kind of loan that you take without any collateral tied to it. The lender Only needs you to be over 18 years and have a valid address plus an actual Identification document.

The lender largely relies on your ability to repay the loan by assessing your creditworthiness … Read more

Jake Hamlin: Providing Unparallel Services by Placing Clients First

It takes various aspects for a business to be successful, and one of those aspects is a streamlined process of financial management. In today’s unprecedented time, organizations have to have their financial strategies planned to help them sustain. It is where the role of financial leaders is crucial as they understand the market’s current needs and can assist in meticulously planning the next move of the organization. Jake Hamlin is one such leader who provides tailored financial advice, customized portfolio management, and impeccable services to his clients and helps them reach their goals. Jake is a Partner and Wealth Advisor at Chicago Capital LLC, where he is focused on the aim and objectives of his clients.

Journey Through Multiple Roles

Jake’s post-college career started in commercial banking, which allowed him to gain experience in multiple finance sectors. He immediately gravitated towards the personal lending and private wealth advisory space.… Read more