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S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
2 Important Retail Stock Battles to Watch
Sell every Stock except ONE (Ad)
Pipeline break spills 45,000 gallons of diesel in Wyoming
Sinema took Wall Street money while killing tax on investors
MarketBeat: Week in Review 8/8 - 8/12
Sell every Stock except ONE (Ad)
Expanded IRS free-file system one step closer in Dems' bill
In Biden's big bill: Climate, health care, deficit reduction
Climate bill: Could coal communities shift to nuclear?
Trading Millionaire Reveals, “2008 Was My Most Profitable Year” (Ad)
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
2 Important Retail Stock Battles to Watch
Sell every Stock except ONE (Ad)
Pipeline break spills 45,000 gallons of diesel in Wyoming
Sinema took Wall Street money while killing tax on investors
MarketBeat: Week in Review 8/8 - 8/12
Sell every Stock except ONE (Ad)
Expanded IRS free-file system one step closer in Dems' bill
In Biden's big bill: Climate, health care, deficit reduction
Climate bill: Could coal communities shift to nuclear?
Trading Millionaire Reveals, “2008 Was My Most Profitable Year” (Ad)
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
2 Important Retail Stock Battles to Watch
Sell every Stock except ONE (Ad)
Pipeline break spills 45,000 gallons of diesel in Wyoming
Sinema took Wall Street money while killing tax on investors
MarketBeat: Week in Review 8/8 - 8/12
Sell every Stock except ONE (Ad)
Expanded IRS free-file system one step closer in Dems' bill
In Biden's big bill: Climate, health care, deficit reduction
Climate bill: Could coal communities shift to nuclear?
Trading Millionaire Reveals, “2008 Was My Most Profitable Year” (Ad)

Walmart-backed financial startup buys 2 companies


Shown is a Walmart location in Philadelphia, Wednesday, Nov. 17, 2021. The financial technology startup that Walmart is backing will buy two financial companies as it tries to create one app where shoppers can do different financial activities from getting paid to borrowing and saving money. The venture called Hazel will purchase Even, a financial benefits platform that enables employees to access their earned wages early. (AP Photo/Matt Rourke)

NEW YORK (AP) — The financial technology startup that Walmart is backing will acquire two financial companies as it tries to create one app where shoppers can do different financial activities from getting paid to borrowing and saving money.

The venture called Hazel will purchase Even, a financial benefits platform that enables employees to access their earned wages early. It's also buying ONE Finance Corp. which combines saving, spending and borrowing in one account and also lets customers apply for a debit card. The combined business will operate under ONE. The transactions are expected to close in the first half of this year.

Omer Ismail, a Goldman Sachs Group Inc. veteran, will lead ONE as CEO. Walmart recruited him last year.

The announcement, first reported by The Wall Street Journal, comes a year after Walmart said it was creating a fintech start-up with Ribbit Capital, one of the venture capital firms behind Robinhood.

Walmart said Wednesday that many Americans can’t access credit, build savings or wealth and are left to manage their financial lives through multiple disconnected apps. It estimated that nearly a quarter of U.S. adults are unbanked or underbanked and roughly 80% of users of financial technology rely on multiple accounts to manage their finances.

Walmart's moves show how the nation's largest retailer is stepping up the pace in throwing its weight around in the banking world. Walmart says its financial products and services will be made available directly to consumers and through employers and merchants, including access to its 1.6 million U.S. employees and 100 million-plus weekly shoppers.

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7 Commodities ETFs to Help Build a Hedge Against Inflation

Commodities are a broad category that covers agricultural products like wheat, corn, and soybeans. It also includes oil and derivative products such as gasoline, natural gas, and diesel fuel.

However, investing in commodities also covers precious metals such as gold and silver as well as base metals like copper and aluminum. And more recently, this sector includes items like lithium that will be needed in many of the emerging sectors of our economy.

Commodities trading is frequently done by trading contracts on the futures market. And it's not for faint-of-heart investors. Prices are volatile and can change quickly due to macroeconomic events.

However, at certain times, particularly in times of high inflation, commodities outperform the broader market. A practical alternative for individual investors looking to profit from commodities is to invest in exchange-traded funds (ETFs). These funds give investors exposure to this sector while reducing the risk that comes from investing in any single commodity.

Here are seven ETFs that you can buy to help build a hedge against inflation.

View the "7 Commodities ETFs to Help Build a Hedge Against Inflation".

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