Company News for Sep 27, 2023

Benzinga
Can You Guess How Many Americans Successfully Retire With $1 Million Saved? The Percentage May Shock You
Saving for retirement is an essential goal for many Americans, but achieving the ideal savings target remains elusive for many. In 2023, the average American retiree had about $170,726 in retirement savings, a decrease from $191,659 at the beginning of 2022. This 10% reduction is significantly lower than the recommended $555,000. Only 12% of retirees have achieved or exceeded this recommended savings amount. Don’t Miss: The average American couple has saved this much money for retirement — How d
9h ago
Benzinga
If The Average American Household Is A Millionaire With A Net Worth Of $1.06 Million, Why Do People Feel So Broke?
The Federal Reserve’s 2022 consumer finance survey unveils a striking picture of American prosperity, revealing that the mean net worth of the average household has ascended to $1.06 million, a 23% from $868,000 in 2019. This statistic, while impressive, masks a more nuanced and unequal economic landscape. Despite the seemingly thriving financial status of American households, the reality is more complex, particularly for the middle class. The COVID-19 pandemic, which drastically impacted econom
1d ago
Business Insider
Prepare for the S&P 500 to plunge 23% by mid-2024 - and the US economy to sink into recession, JPMorgan's top charts guru says
JPMorgan's Jason Hunter sees the S&P 500 slumping to around 3,500 points by next summer, and says the "odds are stacked in favor of a hard landing."
5h ago
Zacks
Broadcom (AVGO) to Report Q4 Earnings: What's in the Cards?
Broadcom's (AVGO) fiscal fourth-quarter results are likely to reflect strong networking solutions revenues, driven by the robust adoption of Tomahawk and Jericho switches.
12h ago
Investopedia
AMD To Launch AI Chip Wednesday That Could Heat Up Competition With Nvidia
AMD is to launch a chip designed for artificial intelligence (AI) systems on Wednesday that could help it compete with Nvidia.
5h ago
Fortune
‘The push for work-life balance is fatally flawed,’ according to a 100-page report and survey of 5,000 workers. It’s all about the power of choice
Employees don’t necessarily want to work from home; they really just want to have options.
9h ago
Benzinga
How Much Cash Can I Expect Each Month From A $150,000 Annuity?
Many people have turned to annuities as a reliable means of securing a stable income during retirement. Financial advisers often highlight annuities as a prudent choice for those looking to manage retirement finances effectively. With a $150,000 annuity, the monthly income potential varies based on several key factors, such as the type of annuity chosen, the age of the annuitant and the length of the payout period. Annuities, which are financial products offered by insurance companies, serve as
10h ago
Fortune
With the stock market in ‘striking distance’ of all-time high, Wharton’s Jeremy Siegel warns the only thing that can derail it is Jerome Powell
“The primary risk that could knock us off course is a Federal Reserve that remains fixated on inflation fears.”
14h ago
Benzinga
How To Earn $500 Per Month From Exxon Mobil Stock
Exxon Mobil Corp. (NYSE:XOM) stock started trading at $104.27 on Nov. 29, with a market cap exceeding $414 billion. The 52-week low price for Exxon was $98.02, and the 52-week high was $120.07. The dividend for the quarter ending June to September was $0.91 per share against $0.88 for the same period of 2022, according to the company's 10-Q filing on Oct. 31. The cumulative dividend from January to September was $2.73 per share, higher than $2.64 per share for the preceding year. Dividend paymen
9h ago
SmartAsset
Ask an Advisor: How Do I Cover $3,000 in Monthly Living Expenses? I'm 58 With $700k in Retirement Savings, But I Won't Collect Social Security for 7 Years
I’m 58 and I have $700,000 in 401(k)s and IRAs. I have no credit card debt, no auto loan payments and no student loans. I sold my home in California and paid cash for a house in Texas, so I have no mortgage. I’m retired military and bring in about $2,200 per month after taxes. […] The post Ask an Advisor: How Do I Cover $3,000 in Monthly Living Expenses? I’m 58 With $700k in Retirement Savings, But I Won’t Collect Social Security for 7 Years appeared first on SmartReads by SmartAsset.
10h ago
Investor's Business Daily
Cheap Stocks To Buy: Should You Watch These 5 Growth Stocks? This Internet Stock Soars 83% In November
Bull market or bear market? Or a trend-less market as seen for weeks until news late last month that political leaders on both sides of the U.S. chambers of Congress reached a deal to raise the debt ceiling? Regardless of what stage of the market cycle we're in, some folks never tire of searching for cheap stocks to buy.
5h ago
Business Insider
China's battered economy suffers another blow as Moody's slashes its credit outlook
Beijing has rolled out stimulus packages and ramped up borrowing in a bid to support the embattled Chinese economy this year.
8h ago
Fortune
Self-made millionaire Barbara Corcoran reveals her ‘golden rule’ of real estate investing
The “Shark Tank” star with a $100 million net worth says paying 20% down is key—and explains why.
5h ago
Investor's Business Daily
John Chambers Warns Of An AI 'Bubble' And 'Train Wrecks.' How He Sizes Up OpenAI, Microsoft, Google.
John Chambers warns of AI fallout ahead but says the technology is unstoppable. He shared his candid views on the outlook for OpenAI, Microsoft, Google and others.
9h ago
Reuters
P&G to record up to $2.5 billion in Gillette writedown, operations rejig
The company's shares fell about 2% in early trade. The consumer goods giant said it would take a $1.3 billion non-cash impairment charge before tax in the current quarter ending Dec. 31 on its Gillette business. P&G, which bought Gillette for $57 billion in 2005, gets about 8% of its total sales from the grooming business.
12h ago
The Wall Street Journal
China’s Colossal Hidden-Debt Problem Is Coming to a Head
Cities and provinces across the country have accumulated a massive amount of hidden debt following years of unchecked borrowing and spending.
17h ago
The Wall Street Journal
Green Investors Were Crushed. Now It’s Time to Make Money.
The lessons have been hard, but should remind investors in the sector of some of the basic facts of investing.
21h ago
Zacks
Here's How Chewy (CHWY) Is Poised Ahead of Q3 Earnings
Chewy's (CHWY) third-quarter fiscal 2023 performance is likely to show gains from efforts related to e-commerce, product assortments and innovation.
11h ago
Business Insider
A 'market romance' over a soft landing led to the biggest monthly loosening of financial conditions ever, Mohamed El-Erian says
Markets shouldn't rally as much as they are if they're pricing in recession-level Fed cuts, Mohamed El-Erian told CNBC.
1d ago
Yahoo Finance
Energy stocks' big challenge in 2024: Too much oil
Oil-related equities face a headwind next year, according to analysts at Citi: excess spare capacity.
9h ago

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Company News for Sep 27, 2023

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Can You Guess How Many Americans Successfully Retire With $1 Million Saved? The Percentage May Shock You

If The Average American Household Is A Millionaire With A Net Worth Of $1.06 Million, Why Do People Feel So Broke?

Prepare for the S&P 500 to plunge 23% by mid-2024 - and the US economy to sink into recession, JPMorgan's top charts guru says

Broadcom (AVGO) to Report Q4 Earnings: What's in the Cards?

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‘The push for work-life balance is fatally flawed,’ according to a 100-page report and survey of 5,000 workers. It’s all about the power of choice

How Much Cash Can I Expect Each Month From A $150,000 Annuity?

With the stock market in ‘striking distance’ of all-time high, Wharton’s Jeremy Siegel warns the only thing that can derail it is Jerome Powell

How To Earn $500 Per Month From Exxon Mobil Stock

Ask an Advisor: How Do I Cover $3,000 in Monthly Living Expenses? I'm 58 With $700k in Retirement Savings, But I Won't Collect Social Security for 7 Years

Cheap Stocks To Buy: Should You Watch These 5 Growth Stocks? This Internet Stock Soars 83% In November

China's battered economy suffers another blow as Moody's slashes its credit outlook

Self-made millionaire Barbara Corcoran reveals her ‘golden rule’ of real estate investing

John Chambers Warns Of An AI 'Bubble' And 'Train Wrecks.' How He Sizes Up OpenAI, Microsoft, Google.

P&G to record up to $2.5 billion in Gillette writedown, operations rejig

China’s Colossal Hidden-Debt Problem Is Coming to a Head

Green Investors Were Crushed. Now It’s Time to Make Money.

Here's How Chewy (CHWY) Is Poised Ahead of Q3 Earnings

A 'market romance' over a soft landing led to the biggest monthly loosening of financial conditions ever, Mohamed El-Erian says

Energy stocks' big challenge in 2024: Too much oil