Ford's decision to pause construction on an EV battery plant will reverberate throughout the U.S. auto industry.
Last year's high-profile divorce between Bill Gates and Melinda Gates made headlines, not only for being one of the most expensive divorces in history — Melinda reportedly walked away with an estimated $70 billion — but also for casting a spotlight on an unusual marital agreement. From the start of their marriage, Gates had Melinda's blessing to continue an annual vacation with his ex-girlfriend Ann Winblad. This arrangement is one many people would find unconventional if not unacceptable. Don’t
Investors have been buoyed this year by the fact that a mooted recession has failed to materialize. However, Morgan Stanley’s chief U.S. equity strategist, Mike Wilson, says that it does not mean the prospect of one taking place has completely evaporated. “While the investor sentiment pendulum on a recession arriving in 2023 has swung from roughly ’70/30′ to ’30/70′ over the past 6 months based on our dialogue, there is more debate on whether we have avoided it altogether – i.e., soft/no landing
The company's stock soared to close to $80 in March 2021 and it grabbed 84,000 square feet of space in South San Francisco. Two years later, it went fully remote.
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.
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.
(Reuters) -Ford Motor said on Monday it has paused work on a $3.5 billion electric vehicle battery plant in Michigan, citing concerns about its ability to competitively operate the plant at a time when it remains locked in broader contract negotiations. United Auto Workers (UAW) President Shawn Fain blasted Ford, saying the announcement was "a shameful, barely-veiled threat by Ford to cut jobs.... We are simply asking for a just transition to electric vehicles and Ford is instead doubling down on their race to the bottom."
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.
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,
At age 99, Charlie Munger, vice chairman of Berkshire Hathaway Inc. and a Daily Journal board member, is a man many are eager to listen to. People tend to hang on to his every word like gospel. His decades of experience in investing, governance and law have given him a unique perspective on business and life, making his insights invaluable to anyone seeking wisdom. Don’t Miss: Goldman Sachs says: Portfolio(s) with a slice of real assets [like art] performed even better than the 60/40 over the lo
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
It's been a rough half of the year for the S&P 500 — with it slipping nearly 3%. But that's not stopping analysts from bullish calls.
“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
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.
Is it wise to start converting my 401(k) into an IRA (and then Roth) by 10% per year in order to avoid having to claim too much income each year when converting and also avoid RMDs as much as I can? -Cathy It's definitely smart to be thinking about this, Cathy. Systematic Roth conversions like […] The post Ask an Advisor: Is it Wise to Convert 10% of My 401(k) into a Roth IRA Each Year to Avoid Taxes and RMDs? appeared first on SmartReads by SmartAsset.
Analysts are changing their tune on Tesla third-quarter delivery estimates, cutting predictions just days before the EV giant is expected to release quarterly delivery data. With Tesla likely to report its Q3 deliveries on Monday, Oct. 2, Wall Street is predicting the number will undercut the EV giant's record-setting 466,140 vehicles in Q2. Since the end of July, analysts had forecast Tesla's Q3 would outpace the second quarter.
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.
In the latest trading session, Virgin Galactic (SPCE) closed at $1.68, marking a -1.75% move from the previous day.
(Bloomberg) -- US Treasuries extended their decline, driving 10- and 30-year yields to new multiyear highs, on expectations the Federal Reserve will hold interest rates high and the supply of new bonds will keep rising as the federal government contends with mounting deficits.Most Read from BloombergIndians Have Five Days to Deposit $3 Billion in Soon-to-Be-Withdrawn BanknotesDimon Warns World May Not Be Ready for Fed at 7%, TOI SaysCostco Offers Members $29 Online Health Care VisitsBonds Sink,
Cash investments are seeing some of the largest yields in more than decade.