The AdvisorShares Pure US Cannabis ETF is down 25% in the past month, while the S&P 500 dropped 7%. Courtesy of Trulieve Text size However bad the year has been for most stocks, it’s been real har...
Tag: Corporate
iHeart, Audacy, Clear Channel Stocks Fall on Forecast of Ad Market Slowdown
Text size Stock in iHeart has lost about two-thirds of its value so far this year. Jason Kempin/Getty Images for Clear Channel The prospect of an imminent economic recession has triggered a rush to th...
GE Stock Gets a Big Cut but Investors Shrug It Off
Text size GE wind turbines. Sebastien Salom-Gomis/AFP via Getty Images The stock market is said to be forward looking. That seems to be the case headed into second-quarter-earnings season. Stocks are ...
Opinion: Medicare is broken — and not in the way you might think
For nearly every retiring American, Medicare is both universal and universally complex. Yet, Medicare is broken – and not in the way most people think. Every few years, news organizations raise the a...
These companies hopped on the crypto train when times were booming. Which are exposed in a downturn?
During recent cryptocurrency booms, companies have been quick to jump on the trend, whether by reorienting their entire businesses around the buzzy theme, building meaningful crypto features alongside...
How you can avoid bond fund losses when rates rise
Bond funds that don’t lose money when interest rates rise? Sounds too good to be true, doesn’t it? Such funds do exist, and my guess is that right now you’d jump at the chance to invest in them. That’...
These 10 stocks from a sector that is a bear-market bulwark have upside potential of up to 30%
During times of uncertainty, it can help to look at what happened during other down cycles for stocks. True, we don’t know when the stock market will hit bottom during this cycle, or if it already has...
Large Retailers Are Getting Hit Hardest by Overstocking
Big retailers are struggling to cope with large stockpiles of furniture, apparel and workout equipment, yet broad measures show inventories at American companies remain exceedingly lean by historical ...
Energy Stocks Are Cheap. Just Ask Warren Buffett.
Energy stocks are on sale, after a sharp selloff since oil and natural-gas prices peaked in early June. Oil is down 18% from its high, to $102 a barrel, while gas has fallen by a third, to about $6 pe...
Your retirement portfolio is fundamentally flawed: GMO
All across America, retirees and near-retirees are reeling. They were assured by simplistic “McMoney” financial advisers that bonds were “safe,” that bond returns were steady and predictable, and that...
PayPal stock slips after downgrade: ‘Hard to ignore e-commerce woes’
PayPal Holdings Inc. PYPL shares have a “supportive” valuation after a recent slide, but the company may still face challenges stemming from pressure on the e-commerce industry, according to an analys...
Kohl’s Stock Lands in the Damaged Bin
Text size A Kohl’s department store in Lexington, Ky. Luke Sharrett/Bloomberg Wall Street has lost faith in Kohl’s , given problems facing nearly all retailers and a potential deal that was scru...
The IRS audited ex-FBI director James Comey and former deputy Andrew McCabe. What are the odds?
In recent years, the Internal Revenue Service has been processing around 150 million to over 160 million tax returns annually, doing the work with a shrinking staff and an inflation-adjusted budget th...
Vanguard to Pay Massachusetts Investors Millions Over Target-Date Fund Tax Hit
Vanguard will pay $6.25 million as part of settlement with Massachusetts’ state securities regulator over allegations that changes it made to certain target-date funds stuck investors with unexpectedl...
Want to Hide Out in Tech? Buy IBM Stock, Morgan Stanley Says.
Text size IBM stock has outperformed the broader market this year. Andreas Arnold/Bloomberg One of the best-performing tech stocks in 2022 has been IBM , as the company continues to show progress on a...
Buffett Bought More of Occidental. Here’s What Happened With HP, Citi, Coke.
Text size Warren Buffett has losses as well as wins on his record of stock picking. AFP via Getty Images Billionaire investor Warren Buffett disclosed that he has increased his stake in Occidental Pet...
Elon Musk Bails on Twitter: What It Means for the Stock
Text size Tesla CEO Elon Musk filed to end his $44 billion merger agreement with Twitter on July 8. POOL/AFP via Getty Images Tesla CEO Elon Musk’s move to terminate his $44 billion deal to purchase T...