Company News for Mar 14, 2023

SmartAsset
Most Americans Have This Much in Savings by 70. How Do You Compare?
Part of retirement planning includes determining how much to save and invest so you can enjoy the type of lifestyle you desire. Setting your savings target by age can be a good way to organize your strategy and gauge how … Continue reading → The post How Much Does the Average 70-Year-Old Have in Savings? appeared first on SmartAsset Blog.
23h ago
Benzinga
No More 'Cash Is Trash': Billionaire Ray Dalio Says Cash Is Good But Only Temporarily — Here's How He's Positioning His Portfolio
In 2020, billionaire investor Ray Dalio famously claimed that "cash is trash." He later elaborated that cash is not safe because "it will be taxed by inflation." But as time passed, Dalio's view on cash has made a U-turn. "Temporarily, right now, cash I think is good ... and the interest rates are fine. I don't think it will be sustained that way," he said at the Milken Institute Asia Summit in Singapore last week. In the U.S., the Federal Reserve has implemented significant interest rate hikes
20h ago
Investopedia
Which States Don’t Tax Social Security Benefits?
Generally, only very low-income taxpayers escape the Social Security tax altogether. Eleven states do tax Social Security benefits. One more state, Colorado, taxes only Social Security benefits received by residents under age 65.
14h ago
The Wall Street Journal
The IRS Is Going to Know if You Sold Taylor Swift ‘Eras’ Tickets
In a big shift, anyone who took in more than $600 a year from reselling tickets could be in for a tax surprise.
1d ago
CBS MoneyWatch
Here's how a government shutdown would impact Social Security
Time is running out for U.S. lawmakers to avoid a government shutdown. Here's how that could affect Social Security recipients.
1d ago
Business Insider
Legendary investor Jeremy Grantham calls Elon Musk a 'wonderful propagandist' and warns home prices will fall 30%. Here are the best 10 quotes from a new interview.
Grantham opined about his experience driving a Tesla, the biggest bubble in world history, and why real estate is in a global bubble.
13h ago
Benzinga
Powell 'Is Willing To Inflict That Pain': Jim Cramer Says The Fed Won't Stop Raising Rates Until Prices Come Down — Even If There Are Layoffs
The U.S. Federal Reserve has implemented 11 interest rate hikes in the last 18 months. While the Fed decided to leave its benchmark interest rates unchanged at its latest meeting, CNBC's Jim Cramer does not believe that the central bank is done with hawkish moves. "Labor's still tight, housing's tight, mortgage rates are high ... they've doubled and it hasn't affected housing at all. We have 3.8% unemployment, inflation rate close to 4% — the Fed's targeting 2%," Cramer said during Wednesday's "
21h ago
Barrons.com
Disney Stock Climb 50%, J.P. Morgan Says
Walt Disney hosted a parks-focused analyst meeting at Walt Disney World, where speakers included CEO Bob Iger, Disney Parks, Experiences and Products Chairman Josh D’Amaro, and ESPN Chairman Jimmy Pitaro, as well as a number of other executives. On the stock, we have found investors mostly on the sidelines this year as the company works to define its strategic future, but like shares at this level and expect in the next six to 12 months that major questions around Hulu, an ESPN investment, and a linear sale (or not) will be answered, which should give investors more confidence in long-term value creation at the company.
17h ago
SmartAsset
The Best Percentages to Withdraw From You Retirement Account, According to Edward Jones
One of the most important decisions in retirement is choosing how much to withdraw from your savings. You need to take out enough to meet your spending needs, but not so much that you end up running out of money. While there's no real consensus on a safe withdrawal rate, a recent report from Edward […] The post How Much Should I Withdraw From My Retirement Account? Edward Jones Says Start With These Percentages appeared first on SmartReads by SmartAsset.
23h ago
Benzinga
'The Cracks Are Starting To Show': Kevin O'Leary Warns That Energy, Food Inflation Isn't Going Away Due To The Trillion Dollars In Printed Money — But He Knows How To Take Advantage
The U.S. stock market has seen robust growth in 2023, with the S&P 500 Index surging by 16%. But according to "Shark Tank" star Kevin O'Leary, it's not all sunshine and rainbows. "The S&P 500 employs 40% of America," he told Fox Business's Larry Kudlow in a recent interview. "Where the cracks are starting to show is in mainstream America where the car loans have gone from 5½% to 9½% and continue to go up." The U.S. Federal Reserve has implemented aggressive interest rate hikes to combat rampant
22h ago
SmartAsset
Can I Protect My Parents' Assets From Nursing Homes?
Long-term care for seniors is one of the biggest gaps in America's safety net. For many of us, as we get older we will require longer and better care. In some cases, this can mean a health aide or other … Continue reading → The post How to Protect Your Parents' Assets From Nursing Homes appeared first on SmartAsset Blog.
23h ago
Investor's Business Daily
It's Time To Sell These IBD 50 Stocks; Here's Why
Warnings signs flashed that it was time to sell these IBD 50 stocks. Did you spot them in time to lock in your profits?
19h ago
Fortune
Putin’s war machine risks running out of fuel, so Russia is banning the export of gasoline and diesel
The Russian leader has attempted to shield the worst effects of the war from his countrymen, but prices for the fuels have been reaching record levels domestically.
1d ago
Reuters
Even China's 1.4 billion population can't fill all its vacant homes - former official
Even China's population of 1.4 billion would not be enough to fill all the empty apartments littered across the country, a former official said on Saturday, in a rare public critique of the country's crisis-hit property market. China's property sector, once the pillar of the economy, has slumped since 2021 when real estate giant China Evergrande Group defaulted on its debt obligations following a clampdown on new borrowing.
3h ago
Barrons.com
‘Defensive’ Stocks Are Getting Crushed in a Falling Market. Why It’s Time to Buy.
The problem isn't the outlook for earnings at utilities and makers of consumer staples. Higher yields on Treasury debt are hurting the shares.
1d ago
Investor's Business Daily
7 Stocks Soar More Than 90% Even As Fed Hikes Rates
Who says higher interest rates are bad for S&P 500 stocks? A select group is thriving even as the Federal Reserve hikes.
1d ago
Fortune
Researchers asked ChatGPT to rate which job skills it performs best. Its answers show what roles are most at risk for AI disruption
Researchers asked ChatGPT to rate itself on how well it could perform different job skills. It's responses were illuminating.
1d ago
Barrons.com
Hooray! Treasury Yields Are Up, but There Are Better Income Opportunities.
The higher future interest income from new purchases of fixed-income securities was scant compensation for the principal losses on previous holdings, however. Have we reached that point again, with a benchmark 10-year Treasury yield near 4.5%, a level not seen since 2007? Others demur, however, noting the risk of further yield increases (and price declines) isn’t worth it, especially when significantly higher returns are readily available on risk-free short-term instruments such as Treasury bills.
23h ago
The Wall Street Journal
Five Clues to Where the UAW Strike Is Headed Next
The auto workers strike is filled with wildcards. The UAW has never before conducted walkouts at all three Detroit automakers, Ford, General Motors and Stellantis at once. United Auto Workers President Shawn Fain is driving that strategy, and has broken with the Detroit union’s traditions in other ways as well.
11h ago
Investor's Business Daily
3 Reasons The Fed Is Wrong And It's A Good Time To Buy Treasuries
The Federal Reserve sees consumer spending as too hot only because it's looking through the rearview mirror. The road ahead looks bumpy.
3h ago

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Company News for Mar 14, 2023

Recommended Stories

Most Americans Have This Much in Savings by 70. How Do You Compare?

No More 'Cash Is Trash': Billionaire Ray Dalio Says Cash Is Good But Only Temporarily — Here's How He's Positioning His Portfolio

Which States Don’t Tax Social Security Benefits?

The IRS Is Going to Know if You Sold Taylor Swift ‘Eras’ Tickets

Here's how a government shutdown would impact Social Security

Legendary investor Jeremy Grantham calls Elon Musk a 'wonderful propagandist' and warns home prices will fall 30%. Here are the best 10 quotes from a new interview.

Powell 'Is Willing To Inflict That Pain': Jim Cramer Says The Fed Won't Stop Raising Rates Until Prices Come Down — Even If There Are Layoffs

Disney Stock Climb 50%, J.P. Morgan Says

The Best Percentages to Withdraw From You Retirement Account, According to Edward Jones

'The Cracks Are Starting To Show': Kevin O'Leary Warns That Energy, Food Inflation Isn't Going Away Due To The Trillion Dollars In Printed Money — But He Knows How To Take Advantage

Can I Protect My Parents' Assets From Nursing Homes?

It's Time To Sell These IBD 50 Stocks; Here's Why

Putin’s war machine risks running out of fuel, so Russia is banning the export of gasoline and diesel

Even China's 1.4 billion population can't fill all its vacant homes - former official

‘Defensive’ Stocks Are Getting Crushed in a Falling Market. Why It’s Time to Buy.

7 Stocks Soar More Than 90% Even As Fed Hikes Rates

Researchers asked ChatGPT to rate which job skills it performs best. Its answers show what roles are most at risk for AI disruption

Hooray! Treasury Yields Are Up, but There Are Better Income Opportunities.

Five Clues to Where the UAW Strike Is Headed Next

3 Reasons The Fed Is Wrong And It's A Good Time To Buy Treasuries