It’s a good time to get the perspective of the recent market rally from legendary investor Bill Miller, who beat the S&P 500 SPX, +1.43% for 15 years in a row and has seen a cycle or two. “No one ...
Tag: article_normal
It’s the beginning of the end of globalization, say BlackRock’s Larry Fink and Oaktree’s Howard Marks
“The magnitude of Russia’s actions will play out for decades to come and mark a turning point in the world order of geopolitics, macroeconomic trends, and capital markets.” That was Larry Fink, CEO of...
I’m 65 and have $220K in student loan debt. I have a lot of health issues and am only working part-time. Can I somehow erase this debt?
Remember, if you’re having difficulty making payments due to low or no income, you may be eligible for a low or $0 payment by enrolling in an income-driven repayment plan Getty Images/iStockphoto Ques...
The stock market hit its COVID low 2 years ago today. Here’s how its performance since then stacks up.
It’s the second anniversary Wednesday of the lows set in the U.S. stock-market plunge triggered by the onset of the COVID-19 pandemic in early 2020. Stocks have stumbled thus far in 2022, but the S&am...
Morgan Stanley upgrades BP and downgrades Eni
Morgan Stanley lifted its rating on BP BP, -0.07% BP, +0.34% to overweight from equal weight, while it downgraded Italy’s Eni ENI, +0.70% back to equal weight from overweight. BP was previously ...
Pfizer’s new ulcerative colitis drug improves clinical remission rates in Phase 3 study
Shares of Pfizer Inc. PFE, +0.71% gained 0.2% in premarket trading on Wednesday after the company said the experimental ulcerative colitis drug it bought through the recent Arena Pharmaceuticals deal ...
Aurora Cannabis to acquire TerraFarma, parent of Thrive Cannabis
Aurora Cannabis Inc. ACB, -1.37% ACB, -2.40% has reached a deal to buy Thrive Cannabis’ parent company, TerraFarma Inc., seeking to strengthen its business in market and expand focus on premium produc...
Nvidia’s $1 trillion ambitions draw cheers as software becomes a bigger piece of the pie
Nvidia Corp.’s pursuit of what it sees as a $1 trillion opportunity won praise from analysts following the company’s investor-day presentation, even though the chipmaker’s stock conveyed a more muted ...
When will savings account rates rise, and where are the best savings accounts?
The average savings account pays a paltry 0.06%, according to Bankrate. But some online savings accounts are already paying relatively high rates. Getty Images/iStockphoto Though the Federal Reserve’s...
My son failed out of school and has $126K in student loan debt. What can we do?
How to get out of student loan debt Getty Images/iStockphoto Question: My son was studying in a pharmacy program and at the end of the last semester, the college kicked him out due to his non-performa...
Why the stock market isn’t ‘getting smoked’ even as Federal Reserve signals it’s ready to supersize interest rate hikes
A brief wobble aside, the U.S. stock market is taking Federal Reserve Chairman Jerome Powell’s decision to fully unleash the inflation-fighting side of his monetary policy persona in stride. That may ...
Carnival posts narrower loss but misses analyst estimates
Carnival Corp. CL, -1.17% said Tuesday it lost $1.89 billion, or $1.66 a share in the first quarter, compared to a loss of $1.97 billion, or $1.80 a share, in the year-ago period. Revenue increased to...
Stock market investors are in the danger zone. This all-weather investing strategy offers protection
We’re in a period of high inflation, with a war disrupting energy markets and the Federal Reserve raising interest rates. The murky outlook calls for a multiyear cycle of central-bank policy moves tha...
Japan’s Coincheck to combine with SPAC Thunder Bridge in $1.25 billion deal
Coincheck Inc., a cryptocurrency marketplace and digital asset exchange that’s a unit of Japan’s Monex Group, said Tuesday it has agreed to a business combination with special purpose acqu...
I now owe 3x what I originally borrowed in student loans. What can I do?
Borrowers with less-than-perfect credit records face challenges while climbing out of debt, and they can get steeper when you’re older because income tends to plateau. Getty Images/iStockphoto Questio...
Many companies are enriching their retirement benefits
Workers may be in for a treat – some companies plan to boost their retirement benefits in the next few years, as they look to hire and retain talent, according to a new survey. U.S. employers are imp...
Dow ends 200 points lower after Fed’s Powell leaves door open to larger rate hikes
Federal Reserve Chairman Jerome Powell Samuel Corum/Getty Images Stocks fell Monday after Federal Reserve Chairman Jerome Powell left the door open to the prospect of bigger rate hikes to bring down i...
‘Reduced competition.’ 5 predictions for the housing market in 2022, from economists and real estate pros
We’ve already seen rates rise in the early months of 2022, and some pros say that will continue. Getty Images Aspiring home buyers may have watched as mortgage rates in recent months rose (though to b...
Pinduoduo stock rises after mixed earnings report
Shares of Pinduoduo were up nearly 5% in premarket trading Monday after the company, which connects consumers and agricultural producers in China, reported a mixed fourth quarter. The company generate...
Warren Buffett’s Berkshire Hathaway strikes $11.6 billion deal for reinsurer Alleghany Corp.
Warren Buffett picked the industry he arguably knows best, insurance, for his first major deal in two years. Berkshire Hathaway BRK.B, -0.74% BRK.A, -1.05% struck an $11.6 billion, all-cash deal to bu...
Is it OK to use the lowest-grade gas? Here’s a guide to the different types of fuel.
Selecting a grade of gasoline simply because it has a higher octane rating might not be the best choice for your car or your budget. While some vehicles can benefit from premium gas, most drivers can ...