What to watch in markets on Wednesday, September 28, 2022.
Your retirement benefit amount depends on how much you've earned over your lifetime at jobs for which you paid Social Security taxes -- and the age at which you claim. You can claim Social Security...
Wall Street is on a roller coaster again, as investors try to navigate the path between high inflation and the Fed’s aggressive interest rate hikes. The former is raging – whether you blame Russia or Biden, the fact of high inflation can no longer be avoided – while the latter is rising – but whether it is rising fast enough to blunt inflation is yet to be determined. Jim Cramer, the well-known host of CNBC’s ‘Mad Money’ program, takes a hint from the bond market, where the US Treasury 2-year no
Oliver Blume, the company’s chief executive, called the IPO a 'historic moment' as it looks to shift toward electric vehicles.
Creating income for retirement is one of the biggest challenges American workers have in planning for how they will be able to live comfortably once they stop working. One of the most common ways to create this income is to … Continue reading → The post If You Have This Much Money Saved You Don't Need an Annuity appeared first on SmartAsset Blog.
Shares of Biogen (NASDAQ: BIIB) were skyrocketing 36% as of 11:10 a.m. ET on Wednesday. The huge gain came after the company and its partner Eisai (OTC: ESALY) announced positive results on Tuesday from their late-stage Clarity AD study evaluating lecanemab in treating Alzheimer's disease. The news also propelled two stocks of other drugmakers developing Alzheimer's disease drugs significantly higher.
Here's why: The stock market has always recovered after a downturn. Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) is square in the crosshairs of a recession. With more than 80% of its business coming from advertisement sources, revenue growth will be challenging in a recession.
Baird Senior Research Analyst Brian Skorney joins Yahoo Finance Live to discuss the breakthrough of Biogen's Alzheimer's drug, which is pushing the stock higher.
Analysts are either optimistic or delusional. But either way, they see a big S&P 500 29% rally coming — and have picked favorite stocks.
(Bloomberg) -- Porsche AG gained during its trading debut after parent Volkswagen AG set the final listing price for the sports-car company at the upper limit in defiance of market upheaval.Most Read from BloombergApple Ditches iPhone Production Increase After Demand FaltersMacKenzie Scott Files for Divorce From Science Teacher HusbandNord Stream Gas Leaks May Be a New Disaster for the ClimateGermany Suspects Sabotage Hit Russia’s Nord Stream PipelinesTrump Refuses to Delay Florida Deposition in
Struggling retailer Bed Bath & Beyond will report its second-quarter earnings on Thursday morning.
The super investor isn't thrilled with the Fed. But she's still bullish.
The current cap on yearly buys of I bonds is $10,000 per person plus $5,000 through federal tax refunds. Two senators propose raising that limit to $30,000 in total.
Warren Buffett's Berkshire Hathaway Inc bought another 5.99 million shares of Occidental Petroleum Corp, boosting its stake to 20.9% after the oil company's shares lost about a fifth of their value in less than a month. The purchases were made between Sept. 26 and Sept. 28 and cost about $352 million, Berkshire said in a regulatory filing on Wednesday. Following the purchases, Berkshire now owns about 194.4 million Occidental shares worth approximately $11.9 billion, based on Occidental's Wednesday closing price of $61.41.
The stock market may not look like a good place to be right now, as the Federal Reserve's hawkish nature has sent equities tumbling in 2022, but this has opened a solid opportunity for savvy investors to buy some great companies at attractive valuations. Qualcomm (NASDAQ: QCOM) is one such company that investors may want to buy hand over fist right now, especially after its latest announcement pointing toward a massive acceleration in its automotive business. On Sept. 22, Qualcomm said in a news release that its design win pipeline in the automotive market has now increased to $30 billion thanks to the growing adoption of its Snapdragon platform in the auto industry.
NIO Inc. (NIO) closed at $17.33 in the latest trading session, marking a +0.81% move from the prior day.
In the latest trading session, Annaly Capital Management (NLY) closed at $19.42, marking a +0.1% move from the previous day.
Creating reliable streams of retirement income is one of the most important elements of a person's financial plan. A retirement industry giant says it now has a new way for retirees to meet this vital challenge. Fidelity Investments plans to … Continue reading → The post There's a New Way to Convert Your 401(k) into a Pension-like Stream of Income appeared first on SmartAsset Blog.
Earlier this week, the Dow Jones joined the S&P 500 and the NASDAQ in bear market territory. It marks the first time this year that the Dow has dipped below a 20% loss from peak – but it also marks a turning point in investor sentiment. A mood of doom and gloom is setting in. A change in times and a change in mood requires a change in outlook, a shift in perspective, for investors to succeed. With all three main indexes so far down, it’s clear that the last year’s modes of trading aren’t going t
Petrobras is set to present its new strategic plan for the coming years in November, an executive for Brazil's state-run company said on Wednesday, hinting it should be "consistent" with the current focus on offshore oil formation known as pre-salt. During an oil and gas event in Rio de Janeiro, Petrobras' executive director of governance, Salvador Dahan, said that the company will continue "what it has been doing" in pre-salt exploration and production. "The plan continues to address our focus in Brazil and with development in the pre-salt, with a lot of investment in exploration and production, but also in the downstream (logistics segments)," he said.