Energy companies have mostly fared well in 2022, a year marked by war in Ukraine that brought disruption and price volatility. Topping the list are value standouts PDC Energy Inc. (PDCE) and Ovintiv Inc. (OVV), top growth shares Coterra Energy Inc. (CTRA) and Phillips 66 (PSX), and high-return-momentum plays Oriental Petroleum Corp. (OXY) and Texas Pacific Land Corp. (TPL). Russia's invasion of Ukraine in February initially drove oil and gas prices higher.
Jerome Powell was asked if he shares the Fed staff’s view that the economy is headed for a soft landing last month. “No, I would not do that,” he said.
Households that make over $200,000 annually comprise just a sliver of all tax returns that are filed in a given year, but their movement between states can have a significant financial impact. When a state loses more high-earning tax filers … Continue reading → The post Where High-Earning Households Are Moving – 2022 Study appeared first on SmartAsset Blog.
Legendary investor Warren Buffett has achieved astounding returns throughout his career. From 1964 to 2022, his company Berkshire Hathaway Inc. (NYSE:BRK) delivered an overall gain of 3,787,464%, dwarfing the S&P 500's 24,708% return during the same period. Other than picking stocks that skyrocketed in value, Buffett also collects dividends — a lot of dividends. Buffett famously said, "If you don’t find a way to make money while you sleep, you will work until you die." Don’t Miss: Elon Musk has
Inflation has begun to cool, and that may translate to some assets. The Treasury's Series I Bonds, or " I bonds," are no longer the prized savings tool they were 12 months ago. As cost increases slowed over the past year as Federal Reserve raised interest rates, it was inevitable that this inflation-tied asset would […] The post The Series I Bond Frenzy is Dying Down. Is Now the Time to Cash Out? appeared first on SmartReads by SmartAsset.
United Airlines pilots approved a new contract that would raise compensation by about 40%. The $10.2 billion contract is the largest deal in U.S. airline history.
Solita Marcelli, chief investment officer for the Americas at UBS, reasons that gold's benefits as a safe haven remain intact.
President Joe Biden recently made history by being the first sitting president to join striking autoworkers on the picket line. Speaking through a bullhorn outside a General Motors Co. plant in Michigan, Biden voiced his support for the United Auto Workers union strike. "Wall Street didn't build the country. The middle class built the country, and unions built the middle class. And that's a fact. So, let's keep going," he said. "You deserve what you've earned, and you've earned a hell of a lot m
Advisors often work with high-net-worth clients and are able to understand the expectations wealthy clients have about managing their finances. The good news is that some of those takeaways can be applied to clients who are not high-net-worth individuals. Read … Continue reading → The post 4 Lessons Advisors Can Learn From High-Net-Worth Clients – That Apply to Regular Clients appeared first on SmartAsset Blog.
Stocks tanked right on cue in September. But nimble S&P 500 investors are still finding ways to make big money.
"That could happen in the very short-term," Bill Ackman said. "Like literally weeks."
After a run, stocks can offer a new buying opportunity with a pullback to the 50-day line. Novo Nordisk and 4 S&P 500 stocks have done that.
Earning more money can make it easier to pay the bills, fund your financial goals and spend on hobbies or "fun," but what income is considered to make you rich? The answer can depend on several factors, including where you … Continue reading → The post What Income Level Is Considered Rich? appeared first on SmartAsset Blog.
The energy landscape is constantly evolving, and today we are witnessing a significant shift. The latest edition of Goldman Sachs’ Carbonomics report outlines the likely mid- to long-term course of America’s shale revolution. This report examines the technological advancements in exploration and extraction that transformed the US into a net oil exporter by 2018. Written under the leadership of the 5-star analyst Michele Della Vigna, the report elucidates the maturation and concluding phases of t
Saving for retirement is a lifelong undertaking. It involves keeping your retirement goals in mind as you have children, get different jobs and move from place to place. However, a recent study from the Center for Retirement Research at Boston College … Continue reading → The post Empty Nester? This Avoidable Mistake Could Jeopardize Your Retirement appeared first on SmartAsset Blog.
The headwinds are beginning to outnumber the tailwinds in the markets.
Supply chain issues created during the global coronavirus pandemic cost automakers billions of dollars in 2021 and prompted some companies to build domestic manufacturing facilities to solve the problem. "Never seen anything like it," Tesla CEO Elon Musk posted on the platform now known as X. "Fear of running out [of computer chips] is causing every company to overorder — like the toilet paper shortage but at epic scale." Tesla depends on Taiwan Semiconductor to produce its processors, but it's
A government shutdown is looming—but that’s no reason to avoid defense contractor General Dynamics Any politics-induced weakness would just make the stock even more attractive. General Dynamics (ticker: GD) is as sturdy and dependable as any of the big U.S. prime contractors, alongside Boeing (BA), Lockheed Martin (LMT), and Northrop Grumman (NOC) The company is locked into long-term contracts to produce some of the U.S. military’s most iconic assets, such as the M1 Abrams main battle tank and next-generation nuclear submarines, and it has a growth kicker in its Gulfstream business-jet segment.
Apple is blaming a software bug and other issues tied to popular apps such as Instagram and Uber for causing its recently released iPhone 15 models to heat up and spark complaints about becoming too hot to handle. The Cupertino, California, company said Saturday that it is working on an update to the iOS17 system that powers the iPhone 15 lineup to prevent the devices from becoming uncomfortably hot and is working with apps that are running in ways “causing them to overload the system." Instagram, owned by Meta Platforms, modified its social media app earlier this week to prevent it from heating up the device on the latest iPhone operating system.
A molecular diagnostic company that focuses on the early detection and prevention of colorectal cancer is expanding into other cancer tests as it plans a major expansion and tons of hiring in Phoenix.
Fact-Checked by: Jeff White | Edited by: Mike Obel If you’re grappling with the best way to plan for your retirement, understanding how to maximize your Social Security spousal benefits is a significant piece of the puzzle. These benefits can substantially influence your retirement income, and becoming familiar with their ins and outs is crucial. […] The post How to Calculate Spousal Social Security Benefits appeared first on SmartReads by SmartAsset.
