Dow industrials and the S&P 500 index book their biggest one-day declines since March on Monday, with energy, tech and other growth names bearing the brunt, as Treasury yields soared and investors...
Tag: article_normal
Nvidia stock stumbles after Baird voices concern about graphics business
Shares of Nvidia Corp. shares were slipping Monday after an analyst took a more cautious outlook on the company’s gaming business. Baird’s Tristan Gerra downgraded Nvidia’s stock NVDA, -5.20% to neutr...
Veru’s stock nearly triples after oral COVID-19 treatment leads to ‘statistically meaningful’ reduction in deaths
Shares of Veru Inc. VERU, +182.30% rocketed 175% toward a 13-month high in afternoon trading Monday, after biopharmaceutical company announced positive results from its Phase 3 trial of its oral COVID...
AT&T stock jumps after J.P. Morgan turns bullish, citing valuation in wake of WarnerMedia spinoff
Shares of AT&T Inc. T, +7.74% hiked up 4.1% in premarket trading Monday, after J.P. Morgan analyst Philip Cusick turned bullish on the telecommunications and media giant, citing an “attracti...
‘It seems a bit like Lucy pulling the football away.’ Student loan borrowers got another break on payments — what comes next?
President Joe Biden extended the lifeline the federal government has provided to most student-loan borrowers during the pandemic. But that doesn’t mean these borrowers are feeling any more assured of ...
I’m 62 with $100K in student loans and $13K in credit card debt. What can I do?
How to get out of student loan debt Getty Images/iStockphoto Question: I work as a nurse for a small for-profit agency. I am salaried and have no option for overtime. I only have every other weekend ...
China’s Nio halts EV production as COVID lockdowns disrupt its supply chain
Nio Inc., the China-based electric-vehicle maker, over the weekend warned of delivery delays after suspending production due to COVID-19 restrictions that have disrupted its supply chain. “There will ...
The housing market is running hot. Can the Fed cool it before it crashes?
When the “Bond King” Bill Gross sat down recently with Barry Ritholtz for an episode of “The Big Picture” podcast, the billionaire investor and PIMCO founder took a pretty skeptical view of who might ...
Citigroup’s stock set to produce ‘bullish engulfing’ pattern at a time of ‘bullish technical divergence’
Citigroup Inc.’s stock C, +1.70% rose 2.0% in afternoon trading, reversing an intraday loss of as much as 0.4%, putting it on track to produce a “bullish engulfing” candlestick chart...
As food prices hit an all-time high, more Americans have abandoned online grocery shopping and returned to supermarket aisles
More Americans are browsing again — in grocery-store aisles rather than online. With U.S. states abandoning mask mandates in public places, and more retailers dropping requirements for masks — and the...
I’m 61, left my job due to medical reasons, and made $150,000 from the sale of my home. I’d like to work for at least another 5 years. Can I still retire? If so, how?
Dear Quentin, I recently sold my house and had to leave my job due to a medical issue that was easily resolved, and I am now fine. I have approximately $150,000 in my checking account from the sale of...
‘We are not sure how prepared we are for retirement’ – we are 60 and 61, and don’t know how much longer we can work, have $360,000 in retirement savings and a pension
I am a 61-year-old teacher in Missouri who plans to work 3-4 more years before retiring. Depending on what option my husband and I choose from the Public School Retirement System, we should get betwee...
Boeing stock leads the Dow’s decliners after reports of 757 jet breaking in half
Shares of Boeing Co. BA, -1.56% slipped 0.7% in morning trading Friday, after reports that a Boeing 757 cargo jet broke in half while landing. The stock was the biggest decliner among Dow Jones Indust...
I’m 57 and I don’t have much money. Is a financial adviser right for me?
How to find a financial adviser Getty Images Question: I’m 57 years old and late to the party. I do not have much money socked away nor do I have investments outside of my retirement fund, and I never...
Three things to take care of when you retire—your future self will thank you for it
After a working lifetime of alarm clocks and meetings, you might be looking forward to a lot more unstructured time once you retire. But taking care of one more to-do list early on can set you up for ...
Tech stocks haven’t been this oversold since 2015, leading analyst says
Technology stocks are the most oversold they have been since 2015, according to Dan Ives, an analyst at Wedbush Securities. The tech-heavy Nasdaq Composite COMP has dropped 11% this year — about twice...
Do I resist refinancing my $160,000 federal student loan at a lower rate in the hope there will be loan forgiveness? What are the chances it will happen?
I graduated from college in 2017 with more than $210,000 in federal student-loan debt thanks to out-of-state tuition, a master’s program, and not fully understanding this cost at that time. I’ve chise...
Rite Aid stock plunges after Deutsche Bank cuts target to $1, warns of a ‘dramatic negative inflection point’
Shares of Rite Aid Corp. plunged toward a 2 1/2-year low Thursday, after Deutsche Bank analyst George Hill issued a dire warning that the drugstore chain’s equity could be worthless. Hill cut his rati...
The stock market is behaving a lot like it did during the Iraq war. Here’s the future if the pattern continues.
History doesn’t repeat, but it does rhyme. The Iraq war of 2003 doesn’t have many parallels to Russia’s invasion of Ukraine, other than perhaps global unpopularity. But there seems to be at least one ...
Retired? Here’s when you don’t have to file your taxes – and when you do
Not all seniors need to file a tax return, but others may incorrectly think they fall in this category – don’t make that mistake. Retirement Tip of the Week: If you don’t plan to file a tax return th...
We are both doctors but struggle with $472K in student loans. Can we get help?
How to get out of student loan debt Getty Images/iStockphoto Question: I have $237K in loans and my wife has $235K in loans. We are not currently making any payments [thanks to government relief] but ...
The Fed’s plan to rapidly slash its balance sheet is out. Here’s what happens to money in the system.
Minutes of the Federal Reserve’s March meeting released on Wednesday detailed plans for shrinking its nearly $9 trillion balance sheet to help cool U.S. inflation running at 40-year highs, but tricky ...
Fed primed to jack up interest rates in 1/2-point steps if inflation stays high
The Federal Reserve signaled its plans to increase a key U.S. interest rate by 1/2 percentage point steps at upcoming meetings if inflation remains high or gets even worse, according to minutes of the...
Marqeta is a ‘future fintech powerhouse,’ analyst says
Marqeta Inc. could be in rarefied company given its opportunity to disrupt the financial-technology landscape, according to an analyst. The card-issuing company is a “future fintech powerhouse,” wrote...
Fed must ‘inflict more losses’ on stock-market investors to tame inflation, says former central banker
So much for the Fed put. “‘It’s hard to know how much the U.S. Federal Reserve will need to do to get inflation under control. But one thing is certain: To be effective, it’ll have to inflict more los...
Kinross Gold to sell off 100% of its Russian assets to Highland Gold Mining
Kinross Gold Corp. KGC, K, +0.55% announced Tuesday an agreement to sell all of its Russian assets for a total of $680 million in cash to Highland Gold Mining. The Toronto-based gold miner said the sa...
‘It put everyone in a weird position’: Our waitress said a 20% service fee was added to cover benefits and health insurance, but that it was not a tip. Is this normal?
I went to brunch last weekend and, when the server handed us the bill, she said a 20% service fee was added to cover her benefits and health insurance, but that it was not a tip. I am absolutely supp...