Company News for Jun 9, 2023

Fortune
Charlie Munger warned that a mega-mansion can make you ‘less happy.’ He lived in the same modest house for seven decades
The billionaire investor watched rich friends build “really fancy houses," but "in practically every case, they make the person less happy, not happier."
16h ago
USA TODAY
'We do not have insurance. We have an insurance bill': Condos hit with 563% rate increase
Tom Baker has written to all 160 Florida state lawmakers as well as 15 news organizations about condo owners dealing with huge insurance rate hikes.
1d ago
Business Insider
'It's time for a correction': The bull market in stocks may be on its last legs as consumers start to tap out
"The VIX is at 13, everyone's really happy, and it's time for either a correction or some sort of pullback as we enter the new year," Chris Harvey said.
1d ago
Business Insider
Saudi Arabia could 'flush' the oil market with a flood of supply to regain control over prices in the face of rising US production, crude expert says
"We've more or less been saying potentially Saudi needs to just flush this thing out."
1d ago
Fortune
Broadcom CEO tells VMWare workers to ‘get butt back to office’ after completing a $69 billion merger of the two companies
Broadcom CEO Hock Tan was unsparing in his expectations about remote work during a meeting with his new employees.
22h ago
Business Insider
Here's a complete rundown of Wall Street's 2024 stock market predictions
From a potential economic recession to continuation of the ongoing bull market, here's what Wall Street expects to happen next year.
1d ago
Investopedia
This New Checking Account Pays an Amazing 7.23%—No Debit Purchases Needed
The top nationwide savings account pays 5.40%, and the best CD is offering 5.88%. So what’s the catch on this checking account that’s paying well over 7%?
2d ago
Business Insider
No one wants dividend stocks anymore as investors chase the tech rally
Investors purchased more than $100 billion worth of dividend ETFs from 2021 through 2022, compared to less than $1 billion worth in 2023.
1d ago
Barrons.com
These 11 Stocks Have Been Left Out of the Tech Rally. Maybe Not for Long.
The tech rally looks likely to continue but eventually the gains will have to spread beyond the “Magnificent Seven.” Here are some likely beneficiaries.
2d ago
SmartAsset
Study: Too Many Americans Are Making This Retirement Mistake
The very essence of a retirement nest egg lies in the concept of patient growth and compounding of investments over time. Its purpose is to offer a bountiful reserve of funds when one bids farewell to the workforce, ensuring a … Continue reading → The post Alarming Number of Working Americans Cash Out Retirement Accounts When Changing Jobs appeared first on SmartAsset Blog.
21h ago
Yahoo Finance
Chart of the Week: Where Wall Street sees the S&P going in 2024
Our chart of the week highlights the varied forecasts Wall Street strategists are predicting for the S&P 500's 2024.
1d ago
SmartAsset
Ask An Advisor: I'm Selling My House and Netting $400k to ‘Pay Off My Retirement Home.' Do I Have to Pay Capital Gains Tax?
I am selling my house and the price is $504,999. After paying off this house I will net $400,000. Do I have to pay a capital gains tax as I’m planning to pay off my retirement home with the money I netted? – Thomas The answer is solidly "it depends," both in terms of whether […] The post AAA: I’m Selling My House and Netting $400k to ‘Pay Off My Retirement Home.’ Do I Have to Pay Capital Gains Tax? appeared first on SmartReads by SmartAsset.
2d ago
SmartAsset
What's the Average Return on an All-Bond Portfolio Right Now?
Like all markets, bonds fluctuate. Your returns will be based on what you hold, when you buy it, tax treatment and other factors. While many choose to diversify their portfolios across stocks, bonds and other assets, an all-bond portfolio may allow for more predictability and income generation. You can also diversify an all-bond portfolio with different […] The post What’s the Average Return on an All-Bond Portfolio? appeared first on SmartReads by SmartAsset.
21h ago
Barrons.com
Gold Just Hit a Record High. Don’t Buy the Metal, Buy These Stocks Instead.
Investors tend to flock to gold during periods of global turbulence, while lower yields also make it more attractive. But there’s a better way to play it.
2d ago
Investopedia
How Musk's Tirade Against X Advertisers Affects Disney, Meta and Other Companies
Elon Musk slammed advertisers boycotting his social media site in an interview this week as decreased ad spend on the site threatens the existence of X and creates both issues and opportunities for a slew of companies.
21h ago
SmartAsset
8 Tax Breaks Retirees Can Use in 2024
Imagine evenings spent on a sandy beach, weekends filled with family gatherings and afternoons engaged in hobbies. This or a number of other scenarios could be your retirement life. However, if you’re not properly prepared for taxes then it might end up taking more than you planned for from your fixed income. Luckily, the federal […] The post Common Tax Breaks for Retirees appeared first on SmartReads by SmartAsset.
21h ago
Benzinga
Dave Ramsey Says It Doesn't Matter Where You Live — The Same Budget Rule Applies: 'Math Works In Every City And Every State. You Don't Get A Pass On Math Because You Live In Washington D.C.'
In an October episode of the "The Ramsey Show", a caller from Washington D.C., highlighted a common financial challenge faced in urban areas. Earning around $90,000 annually and with significant savings, the caller was spending about $2,000 a month on rent in downtown D.C. Despite this considerable expense, they managed to save and minimize other costs. Show host Dave Ramsey responded, emphasizing his financial guidelines. “We tell folks to put 25% of their take-home pay aside for housing, and n
2d ago
Business Insider
Housing market outlook for 2024: Here's the good news — and the bad news
"It's going to stop getting worse," Realtor.com's Danielle Hale said, but many of today's housing market challenges will persist.
14h ago
SmartAsset
What Happens If the U.S. Defaults on Its Debt?
The debt ceiling is a limit that Congress imposes on how much debt the federal government can carry at any given time. When the ceiling is reached, the U.S. Treasury Department cannot issue any more Treasury bonds, bills, or notes. It can only pay bills as it receives tax revenues. If the revenue isn’t enough, […] The post What Is the U.S. Debt Ceiling and How Can It Affect Your Finances? appeared first on SmartReads by SmartAsset.
21h ago
Benzinga
How To Earn $500 Per Month From Verizon (NYSE: VZ) Stock
After a favorable trading session on Nov. 28, American telecom giant Verizon Communications Inc. (NYSE:VZ) closed at $37.50 with a market cap of $157.65 billion. The 52-week range of Verizon's stock price was $30.135 to $44.73. Verizon's dividend yield is 7.24%. It paid $8.2 billion in dividends during the nine months from January to September — $100 million higher than the same period last year, according to the company's 10-Q filing on Oct. 26, Investment advisers Mairs & Power highlighted bul
2d ago

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Company News for Jun 9, 2023

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Charlie Munger warned that a mega-mansion can make you ‘less happy.’ He lived in the same modest house for seven decades

'We do not have insurance. We have an insurance bill': Condos hit with 563% rate increase

'It's time for a correction': The bull market in stocks may be on its last legs as consumers start to tap out

Saudi Arabia could 'flush' the oil market with a flood of supply to regain control over prices in the face of rising US production, crude expert says

Broadcom CEO tells VMWare workers to ‘get butt back to office’ after completing a $69 billion merger of the two companies

Here's a complete rundown of Wall Street's 2024 stock market predictions

This New Checking Account Pays an Amazing 7.23%—No Debit Purchases Needed

No one wants dividend stocks anymore as investors chase the tech rally

These 11 Stocks Have Been Left Out of the Tech Rally. Maybe Not for Long.

Study: Too Many Americans Are Making This Retirement Mistake

Chart of the Week: Where Wall Street sees the S&P going in 2024

Ask An Advisor: I'm Selling My House and Netting $400k to ‘Pay Off My Retirement Home.' Do I Have to Pay Capital Gains Tax?

What's the Average Return on an All-Bond Portfolio Right Now?

Gold Just Hit a Record High. Don’t Buy the Metal, Buy These Stocks Instead.

How Musk's Tirade Against X Advertisers Affects Disney, Meta and Other Companies

8 Tax Breaks Retirees Can Use in 2024

Dave Ramsey Says It Doesn't Matter Where You Live — The Same Budget Rule Applies: 'Math Works In Every City And Every State. You Don't Get A Pass On Math Because You Live In Washington D.C.'

Housing market outlook for 2024: Here's the good news — and the bad news

What Happens If the U.S. Defaults on Its Debt?

How To Earn $500 Per Month From Verizon (NYSE: VZ) Stock