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Yahoo Finance Plus XPO Logistics spinoff RXO Corporate Solutions to invest $2M, create 75 jobs at new Columbus location
A new publicly traded company is expanding its Columbus presence with a new location, where it will invest $2 million and create 75 jobs.
A new publicly traded company is expanding its Columbus presence with a new location, where it will invest $2 million and create 75 jobs.
SoFi (NASDAQ: SOFI) recently reported fourth-quarter earnings that were extremely impressive. But there's one number that I'm most excited about, and it isn't any of the headline stats. In this short video, I run down the highlights of the quarter and the most important number for investors to watch.
January has now been and gone and turned out to be a nice gift for investors. Battered by 2022’s bear, the tech-heavy Nasdaq, in particular, put in an excellent showing, seeing out the month ~11% into the green, in what amounted to its best start to a year since 2001. That signals the appetite for risk is on again and that will be good news for Cathie Wood, the ARK Investment CEO, whose investing style heavily favors disruptors - equities that are naturally positioned at the risky end of the sca
I am 60 years old, married, with no mortgage. We also have $1.1 million in liquid cash and $880,000 in a 401(k). I will have two pensions, which have not started yet, and my wife will have one pension, all … Continue reading → The post Ask an Advisor: I Am 60 Years Old, Have $1.1M Cash, $880K in a 401(k), Several Pensions and Social Security. Should I Retire Now? appeared first on SmartAsset Blog.
Shares of cardboard box maker WestRock Company (NYSE: WRK), you see, tumbled 14% through 10:30 a.m. ET Wednesday after the company reported an earnings miss and withdrew its guidance for the rest of the year. Instead of the $0.60-per-share adjusted profit and $5.1 billion in sales that Wall Street expected, this morning, WestRock admitted that its fiscal Q1 2023 earnings were only $0.55 per share and its sales $4.9 billion. As I mentioned, even the $0.55 that WestRock did earn last quarter were of the adjusted (i.e., non-GAAP, pro forma) variety.
Yahoo Finance’s Daniel Howley joins the Live show to discuss quarterly earnings for AMD, the drop in PC sales and shipments, and the outlook for AMD.
On any list of biotech plays that might multiply in value in a relatively short period, Cassava Sciences (NASDAQ: SAVA) is likely to be near the top of the list. It's exploring whether its drug called simufilam is safe and effective to treat early-stage Alzheimer's disease, though its clinical trials have (so far) shed little light on the issue. The biggest reason to sell Cassava stock: After an open-label phase 2 clinical trial of simufilam, the market reacted quite negatively to the release of new data that management spun as being positive.
The S&P 500 dipped by 19% in 2022, but stocks still don’t seem cheap to Charlie Munger, Warren Buffett’s billionaire partner at Berkshire Hathaway. “In my whole adult life, I have never hoarded cash, waiting for better conditions,” Munger said in an interview in late 2022. “I’ve just invested in the best thing I could find.” Yet he acknowledged that Berkshire Hathaway is sitting on billions of dollars in cash. The reason isn’t that Buffett and Munger think they can wait for stocks to get even ch
FedEx is cutting some employees. It’s a sign FedEx needs get its cost structure inline. The logistics giant said Wednesday it was going to cut 10% of its executive team in an effort to streamline operations.
According to the average brokerage recommendation (ABR), one should invest in NIO Inc. (NIO). It is debatable whether this highly sought-after metric is effective because Wall Street analysts' recommendations tend to be overly optimistic. Would it be worth investing in the stock?
Yahoo Finance's Brad Smith reports that all major stock indices are in the red.
When the Food and Drug Administration (FDA) rejects a key drug from a healthcare company, it can send the stock spiraling into a sell-off. In order for the FDA to be confident in a drug's effectiveness, it needs to have a large enough sample size to evaluate it. Unfortunately, in Eli Lilly's case, it simply didn't have enough data points for the agency to make a positive conclusion about the treatment and grant it accelerated approval.
Marathon Petroleum's (MPC) Refining & Marketing segment reported an operating income of $3.9 billion, which soared from the year-ago profit of just $881 million.
Want to know which stocks Warren Buffett owns? Many investors don't realize that there's another group of stocks Buffett owns in addition to the stocks listed in Berkshire's 13-F documents. New England Asset Management (NEAM) is an investment firm that's a wholly owned subsidiary of Berkshire Hathaway.
Every investor in Baidu, Inc. ( NASDAQ:BIDU ) should be aware of the most powerful shareholder groups. The group...
Carvana has more than doubled this year, but largely because it cratered in 2022 on fears about the company's financial troubles. You may know Carvana through its ads promoting its high-tech platform for the selling of used cars. You may even live in one of the handful of cities where Carvana has a towering physical presence with its 9-story glass-enclosed vending machines offering shiny secondhand vehicles.
Yahoo Finance’s Daniel Howley joins the Live show to discuss reports that Intel CEO Patrick Gelsinger has taken a pay cut as the company aims to cut costs.
Shares of connected-fitness company Peloton Interactive (NASDAQ: PTON) surged on Wednesday after the company announced financial results for the second quarter of fiscal 2023. As of 11 a.m. ET, Peloton stock was up 18%. Peloton CEO Barry McCarthy struck an optimistic tone, saying, "If you've been wondering whether or not Peloton can make an epic comeback, this quarter's results show the changes we're making are working."
“Berkshire will always be building.” So said Warren Buffett in his latest annual letter to Berkshire Hathaway shareholders in February. Most people might imagine he means adding to Berkshire’s dozens of company holdings or the $144 billion in cash he calls a “financial fortress.” But he was actually referring to clean energy. Buffett has had exposure to clean energy since the early 2000s, and in last year’s letter, he called it one of the “four jewels” of Berkshire Hathaway. A 30-fold Increase F
If you find yourself with $1.5 million in retirement savings, you're doing more than five times better than the average retiree, who only has $279,997. It is true that $1.5 million can last indefinitely in retirement if you don't spend … Continue reading → The post How Long Will $1,500,000 Last in Retirement? appeared first on SmartAsset Blog.
Right now, the average price for a loaf of bread is, approximately, $1.87. Under a new law proposed by House Republicans, that price would go up to more than $2.50. This would be the result of the Fair Tax Act, … Continue reading → The post Congress to Vote on Whether to Abolish the IRS and Introduce One National Tax Rate appeared first on SmartAsset Blog.