United States Steel topped fourth-quarter earnings and revenue estimates late Thursday. However, the company was the latest steel stock in recent weeks to see earnings drop compared to a year ago. U.S.
U.S. chip giant Intel Corp said on Wednesday its first semiconductor for data center customers focused on power efficiency, Sierra Forest, would be delivered in the first half of next year, as it outlined a chip release schedule after prior delays. "It's been a challenging few years as we had introduced a lot of innovation but also a lot of complexity and our product release dates had pushed out," Intel Data Center and AI Group head Sandra Rivera told Reuters ahead of an investor event. Intel still dominates the markets for PC and server processing chips, with a market share greater than 70%, tech research firm IDC has calculated.
The Oracle of Omaha never saw a future in cryptocurrency.
There’s no getting away from it, given the Fed’s policy of aggressive rate hikes, a soft landing for the U.S. economy appears out of the question. That at least is the opinion of Cathie Wood, who is therefore readying for a hard landing. “Money velocity is flattening,” the ARK Investment Management CEO said recently in reference to the recent banking mess while Wood also expects a marked deceleration in nominal gross domestic product. However, these are all blind spots for the Fed, she believes,
The SECURE 2.0 Act, signed by President Biden in December 2022, includes dozens of changes to provisions related to tax-advantaged retirement accounts. Among the most important changes is a provision, which took effect Jan. 1 of this year, that delays … Continue reading → The post Your Required Minimum Distributions (RMDs) Have Officially Been Pushed Back appeared first on SmartAsset Blog.
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.
What we know about the world’s richest.
Rule changes living rent-free in your mind? Perhaps it's time for a more passive approach.
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.
Lyft's incoming CEO reveals some of his early thoughts on where he would like to take the business.
Elon Musk doesn't seem all that impressed with Warren Buffett's stock picks. And he took to Twitter — of course — to say so.
Larry McDonald developed a framework for analyzing stock market risk after his experience during the subprime mortgage crisis, and he says all his indicators are flashing warning signs.
Morningstar has put together a list of top dividend stocks held by its 'ultimate stock pickers.'
Investment is down, labor is scarce, budget is squeezed. Oligarch: ‘There will be no money next year’
Shares of Charles Schwab have tumbled about 35% so far this year as investors reassess the impact of rising interest rates.
(Bloomberg) -- Finance Minister Chrystia Freeland is planning to raise billions of dollars from banks and insurance companies by changing the tax rules for dividends they get from Canadian firms. Most Read from Bloomberg$52 Billion Chipmaking Plan Is Racing Toward FailureNew Yorkers Are Moving to These Three Florida CitiesFBI Releases Files on Ivana Trump$335,000 Pay for ‘AI Whisperer’ Jobs Appears in Red-Hot MarketUBS Veteran Ermotti Returns to Lead Credit Suisse TakeoverIn a measure that offic
Marathon Petroleum Corp. is a leading, integrated, downstream energy company that operates the nation's largest refining system. Goldman Sachs raised MPC to a buy rating Wednesday with a $150 price target. In the daily bar chart of MPC, below, I can see that the shares are in an upward trend.
(Bloomberg) -- On the surface, Charles Schwab Corp. being swept up in the worst US banking crisis since 2008 makes little sense.Most Read from BloombergFBI Releases Files on Ivana TrumpSchwab’s $7 Trillion Empire Built on Low Rates Is Showing CracksBinance and Its CEO Sued by CFTC Over US Regulatory ViolationsSaudi National Bank Chair Resigns After Credit Suisse RemarkThe firm, a half-century mainstay in the brokerage industry, isn’t overexposed to crypto like Silvergate Capital and Signature Ba
While lower rates are helping buyers overcome affordability hurdles, home prices are still expected to remain high.
Tech led the stock market lower Tuesday, with major benchmarks weakening in the last hour. Berkshire Hathaway's Warren Buffett made $450 million on Occidental Petroleum after a Cowen upgrade. Berkshire added more shares in March.
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