Online-only banks have yields of 1.5% and even 2% right now. That’s better than you’ll do at any brick-and-mortar bank. Dreamstime Text size The Federal Reserve has raised interest rates f...
Tag: SYND
How Private equity Won Its Battle Over Carried Interest.
The carried-interest loophole will live to fight another day, a sign that Wall Street’s lobbying prowess remains largely intact in Washington. Sen. Kyrsten Sinema (D-Ariz), the last Democratic holdout...
Ex-Advisor Sentenced to 22 Years in Prison for Ponzi Scheme
A former financial advisor was sentenced to nearly 22 years in prison for operating a Ponzi scheme that swindled $9.3 million from investors, according to the U.S. Attorney’s Office for the Northern D...
10 Companies That Would Take a Hit From a 15% Minimum Corporate Tax
Text size Nvidia has had a 4.7% tax rate and average pretax profit of $4.8 billion. Here, a cryptocurrency mining rig is equipped with Nvidia Geforce GPU at the Thailand Crypto Expo 2022. Andre Malerb...
SoftBank Is Ready to Slash Its Massive Stake in Alibaba. Here’s Why.
Text size SoftBank’s Masayoshi Son was a major early investor in Alibaba. Koki Nagahama/Getty Images SoftBank is positioned to sharply sell down its stake in Chinese tech giant Alibaba through a...
Pfizer in Advanced Talks to Buy Global Blood Therapeutics for About $5 Billion
Pfizer is in advanced talks to buy Global Blood Therapeutics the maker of a recently approved drug for sickle-cell disease, for about $5 billion, in the latest move by the drug giant to bolster its po...
Oracle Lays Off Hundreds of Employees
Oracle laid off hundreds of employees this week as the business software provider prioritizes its healthcare IT services and cloud businesses, according to people familiar with the company’s actions. ...
What ‘Dr. Doom’ Says About Today’s Stock Market
For some of us of a certain age, an event from four decades ago often is recalled more vividly than what happened four weeks or even four days ago. Such is the case with Aug. 17, 1982. It arguably mar...
Got Hidden Income? The IRS May Get More Money to Find You
If Congress passes the Inflation Reduction Act, Americans should expect more IRS audits—especially on filers making more than $400,000 a year. The surprise agreement between Sens. Chuck Schumer (D., N...
The Inverted Yield Curve Is Back. What Investors Need to Know.
Text size The Federal Reserve building in Washington. Joshua Roberts/Bloomberg The Treasury yield curve continues to widen, with no signs that the trend is nearing an end. The Federal Reserve raised t...
Block’s Earnings Beat Estimates but the Stock Drops. Here’s Why.
Text size Jack Dorsey co-founded Block and remains its chair but is no longer CEO. Joe Raedle/Getty Images Block said Thursday that Bitcoin revenue at its Cash App unit dropped 34% in the second quart...
Tesla’s Annual Meeting Is Done. Here’s What Happened.
Tesla wants to grow production by 50% a year. It soon may need another plant or major plant expansion to do so. Mario Tama/Getty Images Text size Tesla ’s huge base of retail investors always likes to...
A Recession Is Coming. These Are the Stocks to Hunker Down In.
Eli Salzmann loves nothing better than finding a company that’s a “dog of a stock with no momentum” but on the verge of better days. At its core, that is what value investing is all about. Over the co...
Walmart Stock Falls After Report of Hundreds of Layoffs
Text size Shares of Walmart are down about 10% this year. Photo by Michael Ciaglo/Getty Images Walmart is eliminating about 200 jobs in a bid to restructure the company, according to a report from The...
Moderna CEO: No ‘Crazy’ Deals. We’re Giving Cash to Shareholders.
Text size Moderna CEO Stephane Bancel says his company will keep returning cash to investors until it finds a better way of creating value. Jason Alden/Bloomberg Moderna ’s CEO is feeling no pressure ...
AMD Stock Is Dipping. Why Analysts Say to Buy.
Text size An AMD central processing unit for a desktop PC. Alamy Wall Street is telling investors to buy Advanced Micro Devices shares any time they fall. Analysts believe the chip maker’s second-quar...
Sandy Hook Families Accuse Alex Jones of Diverting Funds From Infowars Parent Company
Families of Sandy Hook victims who are suing Alex Jones for defamation accused the conspiracy theorist of siphoning significant amounts of money from Infowars’ parent company before he put the busines...
Tesla Has an Annual Meeting Thursday. What to Watch For.
Text size Tesla convenes its 2022 annual meeting of shareholders on August 4. Mario Tama/Getty Images Tesla ’s huge base of retail investors always like to hear from management and CEO Elon Musk. They...
Cost of Democrats’ Corporate-Tax Increase Skews to Wealthy, Reaches Middle Class
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple ...
Twitter Stock Is Downgraded. Analyst Needs Just One Sentence to Explain Why.
Text size Twitter stock is downgraded given uncertainty over the company’s pending acquisition by Elon Musk. Justin Sullivan/Getty Images Twitter stock received another downgrade on Friday, fuel...