The S&P 500 SPX, +0.28% snapped a five-session losing streak on Tuesday, after Federal Reserve Chairman Jerome Powell vowed the central bank would use its “tools” to get inflation under control wi...
Tag: consumer services
Founder of nationwide tax-prep firm sentenced to prison for skimming $70 million in exorbitant fees over a 5-year period
Talk about a tax burden. The founder of a nationwide tax preparation chain has been sentenced to a year and a day in prison for running a tax refund advance scheme that fleeced customers with $70 mill...
Alibaba Stock, JD.com, and Others Are Soaring. Here’s Why and Who to Thank.
Text size An Alibaba Group sign David Becker/Getty Images Chinese tech stocks are soaring. Many have been looking cheap of late, and soothing words from Federal Reserve Chair Jerome Powell only fueled...
These 14 bank stocks are in the best position to benefit from rising interest rates
What would you say if you were told about a company whose stock was trading much lower to expected earnings per share than the S&P 500 Index? At the same time, it’s also expected to increase EPS n...
Cathie Wood is expecting a ‘bloodbath’ in this segment of the market: ‘autos are one example of…many disturbances out there in the world order’
Cathie Wood, the star fund manager and chief executive of ARK Invest, in a Tuesday monthly market update said that the used car market is where she is expecting possible losses after a surge in values...
‘She has no life insurance, savings or money’: My brother died, leaving his wife with $20,000 in debt. How can I help her?
Dear Quentin, My sister’s husband died last week. They had both lived with us for the previous nine years before moving into an independent living facility. They were there for two and a half months b...
Alibaba Stock Gets a Target Price Cut. But It’s Still a Buy.
Text size Investors have been buying the big dip in Alibaba’s stock price. Greg Baker/AFP via Getty Images Analysts at Citigroup have slashed their target price on Alibaba stock—but they still s...
Biotech Stocks Are Due to Bounce Back. This One Stands Out.
Text size Large-cap biotech will offer a smoother ride than small, and Vertex, in particular, looks attractive. Igor Akimov/Dreamstime.com Biotech stocks began the year in much the same way they ended...
Exxon Could Go Even Bigger on Its Dividend
Text size David Paul Morris/Bloomberg Oil companies used to compete on how much crude they could produce. Now they’re competing on how much cash they can send back to investors. That dynamic could pay...
Alibaba Stock Rises — as Other Tech Tumbles — Even as It Gets a Price Target Cut
Text size Alibaba investors were taken on a wild, ugly ride in 2021. Could 2022 be different? Greg Baker/AFP via Getty Images Tech stocks have been tumbling. In a surprise twist, Alibaba is doing rema...
Three signs you’re ready to retire
Many people don’t have much choice about when they retire. Illness, job loss or caretaking responsibilities push them out of the labor force, ready or not. But some people have the opposite problem: T...
Charlie Munger’s Firm Doubles Down on Alibaba Investment. Again.
Text size Charlie Munger Johannes Eisele/AFP via Getty Images Charlie Munger’s other firm has doubled down on an investment in Alibaba Group Holding for the second consecutive quarter. Munger is proba...
Why Are Stocks Down Today? The Dow Is Crushing the Nasdaq.
Text size Michael George Haddad The Dow Jones Industrial Average is crushing the Nasdaq Tuesday, as investors bet that the U.S. economy will continue to boom. The Dow Jones Industrial Average has gain...
Airlines Warn of Crippling Flight Disruptions if New 5G Rollout Isn’t Delayed
Text size Justin Sullivan/Getty Images After AT&T and Verizon Communications refused requests from the U.S. government to delay the Jan. 5 launch of new 5G services, the Airlines for America trade...
How to help your parents organize their finances
Like many baby boomers, my wife and I have watched our parents go from total independence to assisted living to death. We’ve been thankful that, at key moments, they made the difficult decisions thems...
Apple Stays on Top for Phone Sales in China
Apple Inc. secured the top spot for phone sales in China for a second straight month in November, according to market research data, driven by the success of the iPhone 13 series. The Cupertino, Calif...
Wall Street’s Favorite Oil Stocks for 2022—Including an Obscure One
Text size Bing Guan/Bloomberg Several analysts and strategists expect energy stocks to outperform the broader market in 2022, as they did in 2021. Energy tends to do well in inflationary environments,...