You must have earned the income for it to be considered compensation for the purposes of contributing to an IRA.
The bullish case for owning COVID-19 vaccine makers is weakening as much of the world throws in the towel on trying to curb the spread of the coronavirus.
Yahoo Finance's Jared Blikre details IBM's Q4 earnings report in which it beats estimates.
(Bloomberg) -- A “rocky” stretch for U.S. stocks is far from over, with the tech-heavy Nasdaq indexes poised to fall into bear markets thanks to the Federal Reserve’s newfound zeal to undercut inflation, according to Jeremy Siegel, finance professor at the Wharton School of the University of Pennsylvania. Most Read from BloombergStocks Storm Back From 4% Rout to Close Higher: Markets WrapBiden Has ‘Great Meeting’ With European Leaders: Ukraine UpdateChina’s ‘Little Giants’ Are Its Latest Weapon
Markets are down significantly from record highs; in fact, the NASDAQ has entered correction territory, with a decline of 15% while the S&P 500’s decline is still at ~9%. These price declines come as the Federal Reserve signaled it will be raising rates this year. While higher interest rates will knock down inflation, stock markets are likely to take a tumble when the hikes come – and analysts are predicting anywhere from 2 to 4 rate hikes this year. The end of the central bank’s supportive poli
Shares of Chinese electric-vehicle maker Nio (NYSE: NIO) opened sharply lower in U.S. trading on Monday amid a broad market sell-off triggered by rising global tensions and interest rate fears ahead of a key U.S. Federal Reserve meeting. As of 10:15 a.m. ET, Nio's American depositary shares were down about 11.9% from Friday's closing price. Nio was just one of many companies that saw their shares hit hard in early trading on Monday.
As inflation has gained traction in the last year, commentators constantly remark about how it is particularly hard on retirees who live on a “fixed income.” Retirees do not live on fixed incomes. The 60% of households in the lower portion of the income distribution receive the bulk of their retirement income from Social Security (see Table 1).
DEEP DIVE Monday’s stock-market decline accelerated, and a closer look at the day’s worst performers highlighted painful double-digit year-to-date drops. The Dow Jones Industrial Average (DJIA) was down as much as 820 points (or 2.
Barron's screened the S&P 500 index for the biggest comebacks of the day, based on the percentage-point difference from intraday low levels to each stock's close.
Dow Jones futures sold off 300 points late Monday. The stock market recovered from heavy losses Monday ahead of the Fed's policy meeting.
Americans woke up Monday morning to a stock market in sharp decline. Last week, the Dow Jones Industrial Average (DJIA) sealed it worst weekly loss since October 2020, while the S&P 500 (SPX) and Nasdaq Composite (COMP) recorded their worst weekly downturns since March 2020. The latest downturns have come as markets have attempted to recalibrate ahead of policy changes at the Federal Reserve.
Software giant Microsoft has earned plaudits for its successful pivot from desktop computing to cloud computing. Many investors may be wondering: Is Microsoft stock a buy right now?
Yahoo Finance's Jared Blikre recaps the market close after a historic sell-off reversal.
Artificial intelligence promises to be one of the most transformative technologies of our time, and Upstart is proof.
Nvidia GPUs power self-driving cars and cloud gaming, with the chip giant also expanding fast into the metaverse. Is Nvidia stock a buy?
(Bloomberg) -- Asian stocks and U.S. equity futures slid Tuesday amid concerns about tightening monetary policy, geopolitical tension and breathtaking volatility on Wall Street. Most Read from BloombergStocks Storm Back From 4% Rout to Close Higher: Markets WrapBiden Has ‘Great Meeting’ With European Leaders: Ukraine UpdateChina’s ‘Little Giants’ Are Its Latest Weapon in the U.S. Tech WarHong Kong Billionaire Loses Half Her Fortune on China ProbeNasdaq Days Like This Once Were Common. During the
Key changes to the tax code during the pandemic may make doing taxes a little more complicated this year.
(Bloomberg) -- Wondering what the force was that turned an orderly decline into a full-blown rout this morning? Mom and pop bailing. Most Read from BloombergStocks Storm Back From 4% Rout to Close Higher: Markets WrapBiden Has ‘Great Meeting’ With European Leaders: Ukraine UpdateChina’s ‘Little Giants’ Are Its Latest Weapon in the U.S. Tech WarHong Kong Billionaire Loses Half Her Fortune on China ProbeNasdaq Days Like This Once Were Common. During the Dot-Com CrashIn a spasm of panicked selling
U.S. stock futures were little changed in post-market trading Monday after equities staged a historic turnaround at the end of a whipsaw session.
We’re in the midst of a market change, a shift from a trading environment that favors growth stocks to one that will favor value stocks. Investors should beware, as the shift will naturally entail high levels of volatility – witness the current correction situation we’re seeing in the NASDAQ, and the 8% fall in the S&P 500. Mike Wilson, chief of US equity strategy at Morgan Stanley, believes the key point in the near future will be the actions by the US Federal Reserve. The central bank is now c
Pfizer stock skidded Monday after the Food and Drug Administration rejected its rare-disease drug — leading a smaller decline for similarly jilted Merck.