It's been a challenging year in the stock market, but you wouldn't know it by looking at Progressive's (NYSE: PGR) stock performance. Since the beginning of 2022, its stock has gained 30%, far outperforming the S&P 500, which is down 12.3% in that same period. Progressive's outperformance comes down to a couple of factors.
Stephen Schwartzman, worth $42 billion and at the head of a firm managing almost $1 trillion, says social media is what doomed the bank.
GSK plc (NYSE: GSK) and Scynexis Inc (NASDAQ: SCYX) have entered into an exclusive license agreement for Brexafemme (ibrexafungerp tablets). The FDA approved the antifungal for vulvovaginal candidiasis (VVC) and reduced the incidence of recurrent VVC (RVVC). This exclusive agreement gives GSK rights to commercialize Brexafemme for VVC and RVVC while continuing to develop ibrexafungerp, which is in phase 3 trials for potentially treating invasive candidiasis (IC), which affects the blood or inter
Investors looking for alpha in an uncertain market environment could do worse than following in the footsteps of legendary stock pickers and probably none can match Warren Buffet’s reputation. Not for nothing the “Oracle of Omaha” is considered one of the all-time greats and for nearly 60 years, between 1965 and 2022, his Berkshire Hathaway firm’s returns have doubled those of the S&P 500. So, it’s definitely worth nosing through Buffett’s portfolio to see which stocks he currently holds. And wh
The Oracle of Omaha never saw a future in cryptocurrency.
The Nasdaq topped 12,000 as the market rallied ahead of the PCE inflation report. The IRS will likely cut EV credits for Tesla's entry-level Model 3.
Here are some of today's after-hours movers.
My wife and I are 70 years old. We've paid off everything, including the house. Between my pension of $29,000 and Social Security, we're getting a gross of $99,000 a year in income, which is more than enough. Our current … Continue reading → The post Ask an Advisor: We Are 70 Years Old, Have $99K in Retirement Income, a $1.4M IRA and Other Investments. Is It Too Late to Convert to a Roth? appeared first on SmartAsset Blog.
For most people, it will be little or no problem to retire at age 65 if they have $2.5 million in savings. This amount of capital invested prudently is likely to provide sufficient income for a lifestyle comfortable enough to … Continue reading → The post Is $2.5 Million Enough to Retire at 65? appeared first on SmartAsset Blog.
'The benefits are great on paper, but often don’t exist in reality due to inconsistent scheduling.'
The firm said it was relocating “immediately” from Washington after the state’s supreme court cleared the way for a capital gains tax on individuals.
97% of companies think spying on their remote workers makes them more productive. But many employees end up getting fired for it—or quitting.
Recently, Zacks.com users have been paying close attention to ZIM (ZIM). This makes it worthwhile to examine what the stock has in store.
A Citigroup preferred stock yields about 10%, an unusually good deal. Bank regulations passed in the wake of the financial crisis disallowed trust preferred as a component of Tier 1 bank capital but grandfathered the Citigroup issue. This gives Citigroup an incentive to keep the preferred outstanding.
Rule changes living rent-free in your mind? Perhaps it's time for a more passive approach.
The salaries offered to U.S. accountants and auditors last year climbed at their quickest pace in recent years, but industry observers say increasing pay alone may not be enough to remedy a national shortage of accountants.
Florida Gov. Ron DeSantis tried to hurt Disney for criticizing his 'Don't Say Gay' law, but he just demonstrated his stupidity.
T. Rowe Price fixed-income manager Cheryl Mickel identifies the best spots to park short-term cash, how to navigate the banking sector, and where the Federal Reserve may be going next.
Virgin Orbit Holdings on Thursday said it reduced its headcount by about 675 employees, about 85% of its workforce, to reduce expenses as it has been unable to secure meaningful funding. The company, which launches satellites, said it expects the workforce reduction to be substantially complete by April 3, according to a regulatory filing. A Virgin Orbit spokeswoman declined to comment.
The semiconductor maker brings forward timelines for production of next-generation data-center chips.
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