Peloton (NASDAQ: PTON) was an investor favorite during the COVID-19 stock market bubble. Now, with the pandemic in the rearview mirror, an abrupt exit from founder/CEO John Foley, and the air coming out of the bubble stocks, Peloton shares have nosedived. The stock is down 60% over the past year and significantly more from its peak in early 2021 as the company started to hemorrhage money and lose demand for its at-home fitness products.
Ford's decision to pause construction on an EV battery plant will reverberate throughout the U.S. auto industry.
The JPMorgan CEO spelled out what he sees as the worst-case scenario for the U.S. economy, and warned that not everyone would be able to withstand it.
Soleno said Tuesday its experimental pill helped control hunger signals in a genetic disorder. In response, SLNO stock skyrocketed.
Do you have enough money to retire? There are many different ways to look at this, but the most common is to break it down simply: money in vs. money out. How much income can you generate from your retirement planning, and how much will you need to spend? Here, say that you have $1 […] The post I Have $1 Million in a 401(k) and Will Receive $2,500 Monthly From Social Security. Can I Retire at 65? appeared first on SmartReads by SmartAsset.
An 85-year-old Indiana-based trucking and logistics company and its affiliates recently filed for Chapter 11 bankruptcy protection less than nine months after it was acquired by private-equity firm Transport Acquisitions. The post 85-year-old Indiana trucking company files for Chapter 11 appeared first on FreightWaves.
Some coastal Florida homes have already lost up to 19% of their value after wet, heavy storms like Ian have increased insurance risk, nonprofit data shows.
I am in a quandary about how to invest $750,000 that’s in my 401(k). I'm 67 years old, retired and I have not started taking Social Security yet. What is the best way to preserve this money for the rest of my life that doesn't have high fees? -Terry As you know, the big challenge […] The post Ask an Advisor: I’m 67 with $750K in a 401(k). How Can I Preserve This Money for the Rest of My Life? appeared first on SmartReads by SmartAsset.
Office buildings have been facing serious challenges. With the rise of remote work, amplified by the COVID-19 pandemic, the demand for physical office space has seen a marked decline. At the same time, interest rates have risen significantly, making borrowing more expensive for office building landlords who are already grappling with higher vacancy rates. Even big players are impacted. W. P. Carey Inc. (NYSE:WPC), a real estate investment trust (REIT) headquartered in New York City, recently ann
After a volatile end to the summer, can investors look forward to a gentler autumn? There is some reason to hope so, according to Sharmin Mossavar-Rahmani, chief investment officer of wealth management at Goldman Sachs. This year, as the S&P 500 rebounded from the 19% loss it sustained in 2022, Mossavar-Rahmani has seen her bullish position vindicated, and she believes recent earnings trends and the receding probability of a recession promise further gains to come. In an interview with Barron’s,
Liberty Media owns a roughly 83% stake in Sirius XM, whose holdings span satellite radio, podcasts and the Pandora audio-streaming service.
“Summer’s going fast, night’s growing colder,” in the words of the late Neil Peart. According to Jason Draho, head of Americas asset allocation for UBS Global Wealth Management, this sentiment applies to the current market conditions as well. Draho perceives a current market heatwave, mirroring the weather, and anticipates the possibility of a cooler fall should the Fed show its intentions on paring back its anti-inflationary tight money policy. It’s a bit of a confusing picture. Inflation is lo
(Bloomberg) -- The largest long-dated bond ETF is suffering its biggest drawdown on record as the Federal Reserve’s higher-for-longer interest rates start to sting. Most Read from BloombergIndians Have Five Days to Deposit $3 Billion in Soon-to-Be-Withdrawn BanknotesDimon Warns World Not Ready for 7% Fed Rate: Times of IndiaCostco Offers Members $29 Online Health Care VisitsIndia-Canada Clash Should Be a Wake-Up CallBonds Sink, S&P 500 Snaps Four-Day Losing Streak: Markets WrapThe $39 billion iS
Rivian Automotive could beat consensus for its third-quarter deliveries, according to Baird analyst Ben Kallo, while Tesla faces a tougher challenge.
Millions of investors who had accounts at TD Ameritrade became Charles Schwab customers this month. Many individuals and registered investment advisers who were switched over following Schwab’s acquisition of TD Ameritrade say they miss their old accounts. Schwab says the conversion of TD Ameritrade customers is going well, but user opinion isn’t unanimous.
Bank of America (BAC) closed the most recent trading day at $27.60, moving -0.14% from the previous trading session.
The IRS recently announced some welcome news for higher-income workers with 401(k)s and similar retirement plans. The agency delayed implementing a new rule that would have required catch-up contributions made by people earning over $145,000 to be directed into an after-tax Roth account. The rule change was originally set to start in 2024, but will […] The post Good News for People Who Make $145K: IRS Delays New Catch-Up Contribution Rule Until 2026 appeared first on SmartReads by SmartAsset.
HSBC analysts initiated coverage of hydrogen technology stocks Plug Power, Bloom Energy, and Chart industries at Buy.
The Dow Jones slid 200 points Tuesday after key housing data. DraftKings rose on an analyst upgrade, while Tesla stock skidded.
Ford confirmed Monday it has immediately stopped work at a $3.5 billion factory in Michigan that was supposed to make cheaper lithium iron phosphate batteries using tech from China's CATL. "We’re pausing work and limiting spending on construction on the Marshall project until we’re confident about our ability to competitively operate the plant," Ford spokesperson TR Reid said in an email to TechCrunch. Under the arrangement that was announced in February 2023, Ford's wholly owned subsidiary would manufacture the battery cells using LFP battery cell knowledge and services provided by CATL.
In the latest trading session, Virgin Galactic (SPCE) closed at $1.68, marking a -1.75% move from the previous day.
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