The Federal Reserve has been raising interest rates in an effort to slow the pace of inflation. If consumer spending declines, it should narrow the gap between supply and demand that led to inflation in the first place. Instead, consumer spending has the potential to decline a lot as borrowing costs soar.
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.
Yahoo Finance Live's Seana Smith and Dave Briggs monitor market movements following Fed Chair Jerome Powell's press conference addressing the future interest rate hikes to come in 2023.
Tesla's Cybertruck is the object of endless speculation. Sci-fi vehicle, some enthused fans of Tesla and CEO Elon Musk say. Since its introduction in November 2019 at a promotional event in Los Angeles, the Cybertruck has captured the hearts of Tesla fans.
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.
Markets reporter Jared Blikre examines stock market movements following the Fed's interest rate hike decision, while also looking at price fluctuations seen in gold and copper commodities and crypto assets, such as bitcoin.
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.
Yahoo Finance Live’s Rachelle Akuffo discusses the rise in stock for video game developer Motorsport Games.
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.
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.
As the Fed raises interest rates, here are the biggest winners and losers from its latest decision.
Bespoke Investment Group examined how the Nasdaq has performed historically following a monthly gain of at least 10% after being down in the prior 12 months.
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.
U.S. stocks tumbled midday Wednesday as traders awaited the latest monetary policy decision from the Federal Reserve later in the afternoon afternoon.
In the latest trading session, ZIM Integrated Shipping Services (ZIM) closed at $18.72, marking a +0.59% move from the previous day.
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.
Three plain-as-day bargains are hiding in plain sight among Berkshire Hathaway's roughly four dozen holdings.
Every investor in Baidu, Inc. ( NASDAQ:BIDU ) should be aware of the most powerful shareholder groups. The group...
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.
“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
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