It works out to $93K per person.
The volatile market has investors playing it safe.
OPEC+ announced it’ll slash output by 2 million barrels per day (bpd) on Wednesday (Oct. 5), the biggest cut since the pandemic started in 2020. The White House’s reaction was swift, calling the decision “shortsighted” and accusing the oil cartel of “aligning with Russia.”
Shares of electric vehicle (EV) stocks Nio (NYSE: NIO), Lucid Group (NASDAQ: LCID), and Lordstown Motors (NASDAQ: RIDE) fell on Wednesday, down 5.1%, 3.6%, and 4.9%, respectively, as of 2:17 p.m. EDT. After a huge amount of selling in September, stocks were beaten down, but the first two days in October saw some potentially good news on inflation. With traders trying to sniff out the first signs of inflation breaking, that was a good sign.
I'm over age 72. What can I do about avoiding the required minimum distribution (RMD) tax bite? I have a steady stream of other income. -Bernie Tax-deferred accounts, such as 401(k)s and traditional individual retirement accounts (IRAs), are potentially great … Continue reading → The post Ask an Advisor: I'm Over Age 72. How Do I Avoid the RMD Tax Bite? appeared first on SmartAsset Blog.
Chip stocks have had a brutal ride in 2022. The tables have turned on a sector particularly sensitive to cycles; after seeing outsized growth during the pandemic, and despite the global chip shortage, waning demand has seen many in the segment hit hard. Factor in some lofty valuations, a slowing economy and fears of a full-blown recession and the result is the SOX (the main Semiconductor index) is down by 38% year-to-date. That said, there are many good companies operating in the space whose sha
Shares of AMC Entertainment Holdings (NYSE: AMC) are tumbling 9.1% at 11:06 a.m. ET on Wednesday after defunct gold and silver miner Hycroft Mining (NASDAQ: HYMC) reported it received a delisting notice from the Nasdaq Stock Market. AMC surprised investors earlier this year by taking a 22% stake in Hycroft in exchange for a $28 million cash infusion. Metals investor Eric Sprott invested a similar amount into Hycroft in return for the same percentage ownership position.
DEEP DIVE When the stock market has jumped two days in a row, as it has now, it is easy to become complacent. But the Federal Reserve isn’t finished raising interest rates, and recession talk abounds.
Yahoo Finance Live looks at AMD's stock amid cuts to full-year revenue estimates from Wells Fargo.
While oil prices were bound for a correction, Oil and Energy is still the top-rated Zacks Sector, which might leave some investors wondering what to do with energy stocks.
Moody's Analytics now expects a peak-to-trough U.S. home price decline of 10%. But these markets could get hit much harder.
Costco and Ford are among the top trending stocks in after hours trading on Wednesday, October 5, 2022.
Two of the most prominent mortgage real estate investment trusts (REITs), Annaly Capital Management (NYSE: NLY) and AGNC Investment (NASDAQ: AGNC), were down sharply during trading on Wednesday. Annaly Capital was down as much as 9% on the day at around noon ET, while AGNC fell as far as 9.7% on the day at around the same time. As both Annaly Capital and AGNC Investment are mortgage REITs, they were each negatively affected by the latest news from the housing industry.
Make it two days in a row of big gains for Biohaven Ltd. (NYSE: BHVN). The momentum is primarily due to the company's new beginning after being spun off from Biohaven Pharmaceutical. Pfizer (NYSE: PFE) closed on its acquisition of Biohaven Pharmaceutical on Monday, with Biohaven Ltd. created as a spin-off before the transaction finalized.
Outspoken Barstool Sports founder Dave Portnoy thinks that investors might miss opportunities to invest in the stock market if they are dominated by fear.
The stock market rally showed resilience, as the Dow Jones slashed early losses, but is at a pivotal point. Tesla fell while Enphase plunged.
Question: I’m looking for a financial advisor who’s not looking to just sell me some annuities or equities. Two of the properties however are in the Boston area and are just condos but they would provide good basic income. One problem I have is being able to finance a place for myself to live once I liquidate the other properties.
The Dow Jones rallied strongly. Twitter stock soared as Tesla CEO Elon Musk gets set to bite a takeover bullet. Some Cathie Wood buys surged.
Jeffrey Bierman, chief market technician at TheoTrade, has made prescient market calls this year. He sees year-end gains ahead, and sees two ridiculously cheap sectors to buy.
What to watch in markets on Thursday, October 6, 2022.