Apple earnings and the Fed meeting loom, but don't sit out a possible "life-changing" market rally. Tesla rival BYD is an aggressive buy.
Energy inflation remains a serious concern. Protect your portfolio.
STOCKSTOWATCHTODAY BLOG Lucid soared Friday, a move that is being attributed to unconfirmed rumors that the company could be acquired. Lucid (LCID) stock started moving just after noon Friday, and had nearly doubled, to $17.
Quiet quitting and remote work may be factors.
It was cheaper to fuel a gas-powered car for 100 miles than it was to charge a comparable electric vehicle in late 2022, according to Anderson Economic Group.
Economic headwinds sent the S&P 500 into a bear market last year, and the benchmark index is still 16% off its high. Warren Buffett's Berkshire Hathaway treated the drawdown as a buying opportunity, investing $66 billion into the stock market through the first three quarters of 2022. Smart investors like Buffett know that a bear market offers investors a chance to buy good stocks at great prices.
Cathie Wood, the founder and CEO of Ark Invest, rose to popularity during the coronavirus pandemic thanks to her firm's successful bets on some of the most disruptive tech companies. The tech-heavy Nasdaq Composite Index entered a bear market in 2022, and ended it down 33% for the year. Here are three beaten-down growth stocks that Wood is still bullish on.
Costco has a very simple business model. It sells memberships in exchange for offering members a low-cost, no-frills shopping experience. People pay in order to access the chain's warehouses. Those membership fees provide a significant portion of the chain's profits, allowing Costco to sell its limited selection of merchandise at a lower markup than its rivals.
(Bloomberg) -- Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.Most Read from BloombergAdani’s Detailed Hindenburg Reply Now Said to Be Post-Share SalePension Funds in Historic Surplus Eye $1 Trillion of Bond-BuyingFed Set to Shrink Rate Hikes Again as Inflation SlowsA Billionaire’s Luxury Development Fuels Fight Over Texas Hill CountryAdani Rout Crosses $51 Billion as Stocks Plunge by Daily LimitsFederal Reserve officials are set to shift down the
How is social security taxed in 2023? Here are the rules used to calculate how much you might owe on your benefits.
Nio (NYSE: NIO), a stock that rode the electric vehicle (EV) hype in 2021, turned out to be among the biggest losers in 2022 -- it plunged 69% last year. At current prices, Nio could be a rare opportunity to buy a growth stock in a fast-growing industry. Here are the three biggest reasons why Nio stock is a solid buy right now for 2023.
The battle of the bills turns personal.
Lucid (LCID) shares soared as much as 88% on Friday and were repeatedly halted for volatility following speculation that Saudi Arabia's Public Investment Fund is considering buying a remaining stake in the luxury electric vehicle startup.
Technology stocks are on quite a tear to start 2023, but that could actually be an ominous signal. The Nasdaq Composite Index (COMP) is up 11% so far this month, on track for its best January performance since it notched a 12.2% gain in 2001, according to Dow Jones Market Data.
Tesla Inc CEO Elon Musk raised concerns about the Federal Reserve increasing the interest rate by saying it could crush the stock market. During Tesla's fourth-quarter earnings call last week, Musk said he's worried that rates will soon exceed the average return of the S&P 500 if the Fed pushes interest rates past 6%, reports the Business Insider. "I think the Fed needs to be very cautious about having a Fed rate that potentially exceeds 6%," BI quoted him saying during the earnings call. "Why d
This straightforward strategy could get investors a return of nearly 6% in the bond market this year, according to Guggenheim Partners.
Millions of Americans rely on 401(k) accounts to help them save for retirement. Learn about the average 401(k) balance to see how yours compares.
Chevron (NYSE: CVX) finished 2022 with a bit of a whimper. The oil company, which is one of the top holdings of Warren Buffett's Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B), faced headwinds from lower oil and gas prices and a write-down in its international operations. Chevron posted $6.35 billion, or $3.33 per share, of net income in the third quarter.
It was a busy week for dividend announcements, with the fourth-quarter earnings season in full swing.