Stock market investors loathe rising interest rates, but they have upsides — bonds are generating returns again and financial instruments like fixed annuities, with their returns tied to bonds, are up...
Tag: Business
Forget the 4% retirement spending rule. How do you feel about 1.9%?
Retirees and near-retirees have known for some time that the famed 4% rule needs to be revised downwards. But by how much? Would you believe 1.9%? That’s the conclusion of new research that replicates...
It’s Time to Buy Tech Again. Here Are 20 Stocks to Start With.
One cruel truth the stock market confirmed this past week is that trying to pick the bottom for technology stocks is a fool’s errand. The Nasdaq Composite’s terrible September—it was down 10.5% on the...
Young people shouldn’t save for retirement, new research says
Most financial planners advise young people to start saving early — and often — for retirement so they can take advantage of the so-called eighth wonder of the world – the power of compound interest. ...
Electric and autonomous vehicle ETF falls 15% in September
GMC vehicles sit on display at the Sterling McCall Buick GMC dealership on February 02, 2022 in Houston, Texas. Brandon Bell | Getty Images A key ETF for electric and autonomous vehicle stocks suffere...
How Asia’s richest person gave Bezos a run for his money
Gautam Adani has had a very good year. The Indian billionaire briefly surpassed Amazon founder Jeff Bezos to become the second-richest person in the world in September, according to Bloomberg. He̵...
Billionaire Berkshire Board Member David Gottesman Dies at 96
Text size David Sanford “Sandy” Gottesman arrives for a Berkshire Hathaway shareholders meeting in Omaha, Neb. Daniel Acker/Bloomberg David “Sandy” Gottesman, a Berkshire Hathaway board me...
EY Joins the Enterprise Ethereum Alliance Board to Advance Ethereum Business Readiness
EY Global Blockchain Leader, Paul Brody, Appointed as EEA Board of Directors Representative to Help Guide Increasing Business Adoption of Ethereum WAKEFIELD, Mass.–(BUSINESS WIRE)–The Enterprise Ether...
Ford (F) stock up 70% since Jim Farley became CEO, but he has work to do
Ford CEO Jim Farley poses with the Ford F-150 Lightning pickup truck in Dearborn, Michigan, May 19, 2021. Rebecca Cook | Reuters DETROIT – As incoming CEO of Ford Motor, Jim Farley promised more trans...
XRP Lawsuit: Former SEC Official’s Calendar Might Suggest Ripple Was Unfairly Targeted: Fox Business
As reported by Eleanor Terrett and Charles Gasparino on Fox Business, the meeting schedule of former SEC official William Hinman offers a thorough look into the agency’s thinking as it began to ...
Unions could face obstacle in 2023 if economy falls into recession
Hannah Whitbeck (C) of Ann Arbor, Michigan, speaks as Alydia Claypool (L) of Overland Park, Kansas, and Michael Vestigo (R) of Kansas City, Kansas, all of whom say they were fired by Starbucks, listen...
Stocks making the biggest moves midday: Nike, Rent-A-Center, Carnival Cruise
People walk near the entrance to Nike store, May 25, 2022 in Moscow, Russia. Konstantin Zavrazhin | Getty Images News | Getty Images Check out the companies making headlines in midday trading. Nike – ...
Debt cancellation got all the attention, but this Biden proposal could impact student-loan borrowers more, critics and advocates say
When President Joe Biden announced in August that his administration planned to cancel $10,000 in federal student debt for most borrowers, Allison Daurio felt some relief. Under the White House’s deb...
Nike, Micron, Amylyx and others
Check out the companies making headlines before the bell: Nike (NKE) – Nike slumped 10% in the premarket after it reported a 44% increase in inventories for its latest quarter, and said it would offer...
Jim Cramer says this ‘trifecta’ needs to see dampening inflation for the Fed to stop raising rates
CNBC’s Jim Cramer on Thursday said that there are three crucial areas where inflation needs to come down for the Federal Reserve to stop inflicting pain on the stock market. “They’re...
Charles River is a buy
Sherwin-Williams Co: “The price-to-earnings multiple is still way too high on that stock. … I think the stock goes lower.” Cassava Sciences Inc: “This is the kind of company th...
Dividend yields on preferred stocks have soared. This is how to pick the best ones for your portfolio.
This year nearly every type of security has declined — bad news if you look at your portfolio’s value each day and have difficulty sleeping at night. On the other hand, it’s good news if you’re lookin...
CarMax’s earnings miss is a win for the Fed against inflation
CNBC’s Jim Cramer on Thursday told investors that used car retailer CarMax‘s recent earnings shortfall is good news for the Federal Reserve’s quest to tamp down inflation. “Whe...
Nike (NKE) earnings Q1 2023
A woman shops for shoes in the Nike Factory Store at the Outlet Shoppes at El Paso, in El Paso, Texas on November 26, 2021. Paul Ratje | AFP | Getty Images Nike on Thursday said it had a strong first ...
Disney names Alisa Bowen president of Disney+
In this photo illustration, a hand holding a TV remote control in front of the Disney Plus logo on a TV screen. Rafael Henrique | Sopa Images | Lightrocket | Getty Images The Walt Disney Company has n...
Toyota CEO doubles down on EV strategy amid criticism it’s not moving fast enough
A Toyota bZ4X on display at the New York Auto Show, April 13, 2022. Scott Mlyn | CNBC LAS VEGAS – Toyota Motor is standing by its electric vehicle strategy, including hybrids like the Prius, following...
Phil Collins, bandmates sell music rights, but Peter Gabriel opts out
British Pop and Rock musician Phil Collins of the group Genesis performs onstage at the Rosemont Horizon, Rosemont, Illinois, November 14, 1981. Paul Natkin | Archive Photos | Getty Images Do you like...
Bed Bath & Beyond’s rare bright spot just reported a big drop in sales
A customer carries a Buy Buy Baby shopping bag in New York, US, on Thursday, Aug. 25, 2022. Gabby Jones | Bloomberg | Getty Images Buybuy Baby has been a rare bright spot for struggling Bed Bath &...
Summer’s over, but the European travel season isn’t
This photograph taken on August 7, 2018, shows an American Airlines Airbus A330-243 aircraft on the tarmac at Roissy-Charles de Gaulle Airport, north of Paris. Joel Saget | AFP | Getty Images Airline ...
Bed Bath & Beyond (BBBY) Q2 2022 earnings
Bed Bath & Beyond on Thursday said sales plunged by 28% in the fiscal second quarter, as the home goods retailer struggled to draw customers. Its shares bounced around in premarket trading, as inv...
Peloton to sell Bikes, Treads at Dick’s Sporting Goods stores
A Peloton Interactive Inc. logo on a stationary bike at the company’s showroom in Dedham, Massachusetts, U.S., on Wednesday, Feb. 3, 2021. Adam Glanzman | Bloomberg | Getty Images Peloton will b...
Opinion: Micron earnings suggest the chip downturn could be worse than Wall Street expects
Micron Technology Inc. executives warned about a semiconductor downturn in late June, but now say that a “sharp and sudden” drop in demand exceeded even those expectations, suggesting the current chip...