A cautious session is ahead for Tuesday, following the worst smackdown since June for major indexes. That’s as an increasing number of investors see the Fed pivoting from rate hikes to be a tall order...
Tag: article_normal
‘You don’t want to die at your desk sending an email.’ Beyond the numbers, are you ready to retire?
Nancy Schlossberg attended a retirement party for a colleague, and afterward heard people remarking how the guest of honor should have retired years before because she was “so old.” “People were sayin...
Grammy winner Ed Sheeran is worth an estimated $200 million — but he’s a fan of this penny-pinching savings hack (and psst: pros say you may want to do it too)
Ed Sheeran Getty Images for the Ruth Strauss Foundation Thanks to hits like “Shape of You,” “Bad Habits,” “Castle on the Hill” and “Perfect,” Grammy Award winning singer-songwriter Ed Sheeran has an e...
Six things that could change your mind about retiring early
Robert Johnson, a professor of finance at Creighton University’s Heider College of Business, retired from a career in financial education in 2018 but recognized that he wasn’t comfortable spending his...
Dow sheds 643 points and stocks post worst day since June as investors question Fed pivot thesis
U.S. stocks posted their worst daily drop in two months Monday on fears that the recent rally was based on an overly optimistic view that the Federal Reserve would pivot away from sharply higher inter...
Nvidia stock will be solely a data-center story for the foreseeable future
Nvidia Corp. was built on videogames, but for the rest of the year at least, investors and analysts won’t be concerned with gaming when pricing the stock. Nvidia NVDA, -4.57% cut its revenue forecast ...
Beware of a ‘bear trap’ retreat in stocks after the big summer rally, strategists warn
It looks like a “bear trap” may be lurking in this summer’s big bounce for the stock market, one that could lead to painful losses for investors, Glenmede strategists warned in a Monday report. Invest...
Apple workers tell CEO Tim Cook: ‘We demand location-flexible work’
The self-styled solidarity group AppleTogether launched a petition Monday demanding a more flexible work policy in response to the company’s return-to-office mandate. “We demand that Apple allows each...
AMC’s ‘APEs’ start trading on the NYSE
AMC Entertainment Holdings Inc.’s AMC, -37.51% AMC Preferred Equity Units, or APEs APE, , began trading on the New York Stock Exchange on Monday, opening at $6.95. The stock rose 36.2% to trade ...
9 ways the Inflation Reduction Act affects Medicare coverage, and what it means for you
Major changes to prescription drug affordability for more than 50 million beneficiaries enrolled in Medicare Part D are likely on the way because of a new law. The Inflation Reduction Act “finally del...
Once offering the worst return on Wall Street, cash is now looking like the best asset to own, says Morgan Stanley
Stock sellers are ready to pick up where they left off on Friday, as the market appears to be is waking up from its August slumber with a vengeance. As Goldman Sach’s chief U.S. equity strategist Davi...
‘The pause has meant everything:’ What happens to borrowers — and the economy — if Biden lets student loan payments resume in September
There’s less than two weeks until the latest pause on federal student loan payments is set to expire on Aug. 31. No need to tell Cassie Smith. The chance of restarted payments are “a looming rain clou...
‘There’s no reason to treat the crypto market differently from the rest of the capital markets just because it uses a different technology’: SEC chief Gary Gensler
“‘We can dispense with the idea that crypto lending isn’t subject to regulation. On the contrary, the rules have been around for decades. The platforms aren’t following them.’” — Gary Gensler, Securit...
U.S. dollar is now slicing through key technical levels ‘like a hot knife in butter’
The U.S. dollar is back on the upswing and headed toward the year-to-date highs seen in mid-July following a period of relative dormancy over the past month as investors pulled back on expectations of...
S&P 500 earnings are rising only because of strength in this one sector
S&P 500 index company earnings for the second quarter were certainly better than expected, but it’s debatable whether overall results were actually good, given that year-over-year growth was due o...
Here’s what a leading bull and bear are saying comes next as markets stall
The stock market has all but stalled this week. The S&P 500’s 200-day moving average has seemingly morphed from magnet to resistor. It’s the summer: NYSE composite volume was the lowest of the yea...
JP Morgan quant who called summer rally says there’s plenty of ammunition to drive stocks higher — and here’s why
JPMorgan Chase & Co.’s Marko Kolanovic wants clients to hang on, because he thinks the rally in stocks is far from over. In a note entitled “Setting the Record Straight and What We Expect Next,” K...
Single-stock ETFs: ‘We’re going to see this entire ETF category absolutely explode’
Hi! In this week’s ETF Wrap, you’ll get a look at the wave of single-stock ETFs that have recently hit the market — and whether they may be geared toward your investment approach. Please send feedback...
Should you set up a joint account with your adult child?
Some retirees love to count their money. But even they may reach a point where they tire of paying bills and tracking their cash flow. Seniors who start to worry about cognitive impairment may want to...
Here’s how Palo Alto Networks stacks up against its main competitors
Shares of Palo Alto Networks soared as much as 12% on Aug. 23 after the network security company reported results for its fiscal fourth quarter and said it expected sales to increase by at least 25% i...