Dear Ms. MoneyPeace, I am retiring this year and trying to understand Medicare. At this point I am covered fully by a company plan. I turned 65 last fall and plan to retire in August or September. Wh...
Tag: C&E Industry News Filter
Fed may stutter-step at end of interest rate hiking cycle for first time since 1990
U.S. financial markets are taking a more cautious approach as they forecast future Federal Reserve interest-rate decisions after Chair Jerome Powell said policymakers will likely need to raise interes...
Occidental Petroleum’s stock rises after Buffett boosts stake, CrowdStrike after earnings beat
These were some of the biggest movers and shakers in premarket trading Wednesday: Stock gainers: Occidental Petroleum Corp.’s stock OXY, -1.35% rose almost 3% premarket after filings disclosed that Wa...
Fed says interest rates poised to go ‘higher than previously anticipated.’ Here’s a simple way to profit from that
Fed Chair Jerome Powell testified before the Senate Banking, Housing and Urban Affairs Committee on Tuesday. mandel ngan/Agence France-Presse/Getty Images As part of the continued effort to reduce inf...
Nutanix stock drops as results trigger fear of ‘the cockroach theory’
Nutanix Inc. shares fell Tuesday after incomplete results and the disclosure of an investigation into reported costs led one analyst to voice concern about “the cockroach theory.” Nutanix NTNX, -7.89%...
Warren Buffett’s Berkshire Hathaway boosts its stake in Occidental Petroleum
Warren Buffett’s Berkshire Hathaway increased its stake in Occidental Petroleum Corp. in recent days. Berkshire bought about 5.8 million shares of Occidental in a series of purchases Friday, Monday an...
CrowdStrike stock rallies as forecast shows confidence in new approach
CrowdStrike Holdings Inc. shares rose in the extended session Tuesday after the cybersecurity company’s earnings and outlook beat Wall Street, and executives said they are targeting the tough-to-close...
As chip sales dry up, Nvidia CFO says spending on AI will save companies money
Nvidia Corp.’s financial chief reasons that the efficiencies businesses need are not from spending less money, but from spending more on technologies like artificial intelligence, even as chip sales d...
Opinion: Powell will have to push rates even higher for the Fed to get inflation to 2%
Inflation is proving tougher to curb than Federal Reserve Chairman Powell anticipated, and despite indicators that a recession could be coming, consumers and businesses apparently haven’t gotten the m...
Apple’s stock surges again after Goldman says to buy, citing nearly 30% upside potential
Shares of Apple Inc. surged toward a third straight gain Monday after Goldman Sachs analyst Michael Ng urged investors to buy, as a growing installed base of users, which encourages repeat purchases, ...
Altria deepens push into vape biz with two deals
Altria Group Inc. said Monday it would buy e-vapor company NJOY Holdings Inc. for $2.75 billion in cash, its second deal in recent days in the smokeless-tobacco space. Altria MO, +0.59% said the trans...
Why the stock-market rally can keep going, says Morgan Stanley strategist who only recently warned of a death zone
On the heels of last week’s losing-streak breaking rally, investors look headed for the sidelines on Monday. Apart from an underwhelming growth forecast from China over the weekend that’s knocking oil...
Ford to raise production as U.S. auto sales start to recover
Ford will increase production of six models this year, half of them electric, as the company and the auto industry start to rebound from sluggish U.S. sales in 2022. The automaker announced Friday tha...
‘I’m holding my breath’: What will happen if the Supreme Court blocks Biden’s student-loan forgiveness plan?
As the Supreme Court debates President Joe Biden’s student-loan forgiveness plan, Americans’ consumer debt continues to rise — and more of it is past due. For Shanna Hayes, 34, who was recently laid o...
Plug Power stock dips on revenue miss, but execs stick with annual sales forecast as new factory ramps up
Green-energy provider Plug Power Inc. on Wednesday stuck with its full-year sales forecast, despite fourth-quarter sales missing expectations. The company — which sells renewable hydrogen fuel and fue...
Ignore Wall Street’s gloom. Stocks do better when earnings fall: strategist
Adios to February, which disappointed many stock investors who enjoyed a bullish start to the year. But fears of a bigger meltdown by those swept up in Wall Street gloom may be in vain, says our call ...
Credit Suisse to delay publication of 2022 annual report on SEC comments
Credit Suisse Group AG said Thursday that it will delay the publication of its 2022 report after a late call from U.S. market regulators over 2019 and 2020 cash-flow statements, adding a further heada...