It was a tale of two halves for Charles Schwab stock in 2022. This year is looking a whole lot better. Schwab (ticker: SCHW) finished last year off 1%. But there was a lot more action than that minusc...
Tag: financial services
Here are potential impacts of China’s reopening on markets, Goldman Sachs says
China, the world’s second-largest economy behind the U.S., is set to reopen in just a few days and one major Wall Street firm has boiled down the likely impact on financial markets. In a note released...
History shows odds favor a 20% stock-market return in 2023 after a brutal 2022, Fundstrat says
Historical data shows there is a high chance that the U.S. stock market may record a return of 20% or more this year after the three major indexes closed 2022 with their worst annual losses since 2008...
REITs May Feel Sting from Bed Bath & Beyond’s Woes
Bed Bath & Beyond ‘s problems may cause a headache for its landlords. Earlier this week the big box retailer warned there is “substantial doubt” it can continue. That was enough to send Bed Bath &...
It’s Pharma Time: Why Merck and Lilly Stock Are Buys, but not Pfizer.
My 2023 biotech outlook calls for continued momentum in name changes. I just need to figure out what the stocks will do. Last year, Respira Technologies became Qnovia. It’s run by a former tobacco exe...
Financial markets ignore elephant in the room: December’s 223,000 job gains
Stocks and bonds rallied in response to Friday’s jobs data showing modest wage growth for December, while investors looked past a stronger than expected 223,000 rise in nonfarm payrolls. Friday’s pric...
Turning 72 or 73 this year? Here’s what to do about your required minimum distributions
Anyone turning 72 years old in 2023 is getting a birthday present from Congress – one more year to push back their required minimum distributions from their retirement accounts. As part of the Secure...
CES 2023: AMD, Nvidia, auto applications get the hype, but analysts say this one chip maker ruled
As CES 2023 draws to a close, much of the attention in the chip world was lauded on companies like Advanced Micro Devices Inc. and Nvidia Corp. but a lower profile chip maker appears better positioned...
ARK’s Cathie Wood Isn’t Backing Down. She Explains Exactly Why.
The core ARK Innovation ETF run by Wood fell 67% last year. But she remains staunchly bullish on the likes of Tesla, Zoom, and Roku. Updated Jan. 6, 2023 1:45 pm ET / Original Jan. 6, 2023 1:42 pm ET ...
Treasury yields plummet after signs of broadening weakness in economy
Friday’s raft of U.S. economic data produced a cascading drop in rates across the Treasury market, pushing the policy-sensitive 2-year and benchmark 10-year yields to their lowest levels of the new ye...
Opinion: Roth IRA conversions: Take advantage of this limited-time offer to save on taxes
No one likes taxes, but everyone loves a sale. So the idea of a major blowout on Roth conversions in 2023 — a limited time offer, no less — might make it enticing to pay taxes now to avoid them in the...
Highest bank account bonuses for January 2023 (up to $3K)
There are some steps to take to earn any of the best bank account bonuses. Getty Images Earn hundreds, even thousands, of dollars for opening a checking or savings account? That’s the promise many ban...
I am 60 and plan to retire in March. I have $113K in my 401(k) and no other savings, but I will get an early retirement package of 9 months salary. Should I get a pro to help me?
Question: I am accepting an early retirement offer from my long-term employer of 24 years. In March of 2023, I will retire and receive nine months of salary as well as my benefits. During this time I ...
You can earn 3%-4% on your savings account. 7 smart ways to save more in 2023
Converting your monthly billpay to paperless can result in “over $1,000 a year in savings”, according to an expert. Getty Images/iStockphoto The No. 1 financial new year’s resolution for 2023 is to bo...
Opinion: Three value-stock investors favor these six picks for a rocky 2023
Analysts expect value stocks to maintain outperformance over growth stocks as interest rates rise and the economy falters. To find some of the best value names to consider, I recently checked in with ...
Investors who did this one thing survived the markets in 2022
Forget inflation. Forget oil prices. Forget Vladimir Putin’s invasion of Ukraine. Forget layoffs in the tech sector. Forget the yield curve. When I sat down to write about what worked for investors in...
Opinion: It’s time to buy I-bonds again. Here are 3 ways to maximize your $10,000 inflation-fighting investment.
The once-obscure Treasury investment soared in popularity last year because of its enticing inflation-adjusted rate, which peaked at 9.62%. That leapfrogged bank deposit accounts and completely trounc...
Earn $3,500 cash by opening a savings account? The offer is real for the next week — but there are hurdles
If the account balance for this savings account falls just one dollar short of the required minimum, that hefty bonus is diminished in half to $1,750. istock Looking for some extra cash after a busy h...
I want to retire in 4 years on $3,100 a month. Is this enough, and do I need a pro to help?
Getty Images/iStockphoto Question: I’m retiring in four years at $3,100 a month income, per my calculations. How can I stretch this amount as far as possible, and should I hire a professional planner ...
Asian markets mostly rise ahead of Fed update
BEIJING — Asian stock markets rose Wednesday ahead of the release of minutes from a Federal Reserve meeting that investors hope might show the U.S. central bank is moderating its plans for more intere...
Nvidia in Pact With Foxconn to Build Autonomous Cars
Getting a jump on the parade of announcements to come at this week’s CES tech trade show in Las Vegas, the graphics and AI chip company Nvidia gave an unofficial virtual keynote presentation Tuesday m...
‘2022 has been the scariest year of my adult and professional life’: One mortgage broker reveals how the housing slowdown upended financial security.
When mortgage rates hit 7% in the fall, Austin-based mortgage broker Aaron Kovac was a little spooked. After a stunning rise in home sales amid ultra-low interest rates, “the market just went absolut...
6 value stock picks for 2023 from successful money managers
Following a down year for the stock market, there is no shortage of recession predictions for 2023, especially as the Federal Reserve has signaled it will continue to raise interest rates to fight inf...