Stocks rally to cap weekly gains as Amazon sinks, First Republic collapses

Fortune
5 economic shocks are about to hit the U.S. all at the same time: ‘There are storm clouds out there forming that we’re all seeing and watching—fearfully’
Jerome Powell was asked if he shares the Fed staff’s view that the economy is headed for a soft landing last month. “No, I would not do that,” he said.
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SmartAsset
Rich Americans Are Flocking to These States
Households that make over $200,000 annually comprise just a sliver of all tax returns that are filed in a given year, but their movement between states can have a significant financial impact. When a state loses more high-earning tax filers … Continue reading → The post Where High-Earning Households Are Moving – 2022 Study appeared first on SmartAsset Blog.
2d ago
Business Insider
Bill Ackman and Larry Fink see US Treasury yields hitting 5%: 'Like literally weeks'
"That could happen in the very short-term," Bill Ackman said. "Like literally weeks."
1d ago
Investor's Business Daily
Dow Jones Futures Loom With Government Shutdown Averted; Tesla Deliveries Due
Congress has passed a 45-day funding bill, avoiding a Sunday government shutdown. How will Dow Jones futures respond? Tesla deliveries loom.
4h ago
Benzinga
How To Collect $1,000 Per Month From Warren Buffett's Favorite Dividend Stock
Legendary investor Warren Buffett has achieved astounding returns throughout his career. From 1964 to 2022, his company Berkshire Hathaway Inc. (NYSE:BRK) delivered an overall gain of 3,787,464%, dwarfing the S&P 500's 24,708% return during the same period. Other than picking stocks that skyrocketed in value, Buffett also collects dividends — a lot of dividends. Buffett famously said, "If you don’t find a way to make money while you sleep, you will work until you die." Don’t Miss: Elon Musk has
1d ago
Investopedia
United Pilots Approve 40% Pay Hike In the Largest Contract In US Airline History
United Airlines pilots approved a new contract that would raise compensation by about 40%. The $10.2 billion contract is the largest deal in U.S. airline history.
1d ago
Investor's Business Daily
9 Stocks Turn $10,000 Into $139,936 In 9 Months
Stocks tanked right on cue in September. But nimble S&P 500 investors are still finding ways to make big money.
1d ago
Benzinga
Elon Musk Urges U.S. To Cut Reliance On Asia For Semiconductor Chips — 'Fear Of Running Out Is Causing Every Company To Overorder — Like The Toilet Paper Shortage But At Epic Scale'
Supply chain issues created during the global coronavirus pandemic cost automakers billions of dollars in 2021 and prompted some companies to build domestic manufacturing facilities to solve the problem. "Never seen anything like it," Tesla CEO Elon Musk posted on the platform now known as X. "Fear of running out [of computer chips] is causing every company to overorder — like the toilet paper shortage but at epic scale." Tesla depends on Taiwan Semiconductor to produce its processors, but it's
2d ago
Benzinga
How To Collect $1,000 In Monthly Rental Income Without Becoming A Landlord
Real estate stands as a cornerstone of wealth generation, and as 19th-century British philosopher and economist John Stuart Mill once, said, "Landlords grow rich in their sleep." Landlords don't merely collect rental income; they also reap the rewards of property value appreciation. While it's nice to collect monthly rental income from an investment property, being a landlord does come with hassles. Don’t miss: Investing in real estate just got a whole lot simpler. This Jeff Bezos-backed startup
13h ago
SmartAsset
The Series I Bond Frenzy is Dying. Should I Cash Out Now?
Inflation has begun to cool, and that may translate to some assets. The Treasury's Series I Bonds, or " I bonds," are no longer the prized savings tool they were 12 months ago. As cost increases slowed over the past year as Federal Reserve raised interest rates, it was inevitable that this inflation-tied asset would […] The post The Series I Bond Frenzy is Dying Down. Is Now the Time to Cash Out? appeared first on SmartReads by SmartAsset.
2d ago
Investor's Business Daily
Gold Price Today Keeps Sinking, Might Go Negative In 2023; These Factors May Weigh Further
Solita Marcelli, chief investment officer for the Americas at UBS, reasons that gold's benefits as a safe haven remain intact.
1d ago
SmartAsset
Rich People Do These 4 Things to Stay Wealthy (& So Can You)
Advisors often work with high-net-worth clients and are able to understand the expectations wealthy clients have about managing their finances. The good news is that some of those takeaways can be applied to clients who are not high-net-worth individuals. Read … Continue reading → The post 4 Lessons Advisors Can Learn From High-Net-Worth Clients – That Apply to Regular Clients appeared first on SmartAsset Blog.
2d ago
AP Finance
Disney, DeSantis legal fights ratchet up as company demands documents from Florida governor
The legal fights between Disney and Gov. Ron DeSantis ratcheted up this week. The Florida governor asked that the company's First Amendment lawsuit against him be tossed from federal court, and Disney demanded emails, texts and other communications from the governor's office in a separate state court lawsuit originally brought by DeSantis appointees of Walt Disney World's governing district. The legal filings marked an escalation in the battle between the entertainment giant and DeSantis, a candidate for the 2024 GOP presidential nomination.
13h ago
TipRanks
S&P 500 Could Reach All-Time High in 2024, Says J.P. Morgan Strategist — Here Are 2 Top Stocks to Bet on It
The market landscape for 4Q23 is starting to emerge through the fog, and some of the experts at banking giant J.P. Morgan are pleased with what they’re seeing. Despite an end-of-September sell-off sparked by the Fed’s indications of ‘higher rates for longer,’ JPMorgan Global Wealth Management global investment strategist, AJ Oden, believes the S&P 500 will hit a record high next year. According to Oden, the S&P may gain as much as 11% by the middle of next year, to reach above 4,800. Backing his
2d ago
Investor's Business Daily
These 5 Stocks Are Setting Up This Buying Opportunity After Strong Runs
After a run, stocks can offer a new buying opportunity with a pullback to the 50-day line. Novo Nordisk and 4 S&P 500 stocks have done that.
18h ago
SmartAsset
Retiring at 55 With $6 Million Will Buy You This Type of Lifestyle
With smart money management, retiring at 55 years old with $6 million could be a breeze. But a lot of work has to go into the strategies you make and the actions that you take. That also includes how you … Continue reading → The post Is $6 million Enough to Retire at 55? appeared first on SmartAsset Blog.
2d ago
TipRanks
Analysts Say These 2 Stocks Are Their Top Picks for the Rest of 2023
We’re winding up the third-quarter of 2023, and what could be more natural than to figure out the best stocks for the rest of the year? Stock picking of this sort is an essential skill for every investor, and fortunately, the Street’s analysts make it easier. They research and analyze various stocks, taking into account a wide range of factors such as company financials, market trends, and growth potential. Through their expertise, these analysts identify and highlight which stocks they believe
19h ago
Barrons.com
A Rough September Is Finally Over. Now Is the Time to Buy Stocks.
Questions about the strength of the economy, what the Federal Reserve plans to do next, and even the path of corporate earnings won’t be answered for months, leaving certainty-starved investors feeling like they’re walking on quicksand. The reasons for optimism start with a just-completed September, which lived up to its reputation as the toughest stretch of the year for stock investors. Over those 30 days, stock investors have had to contend with a “hawkish pause” by the Fed, a looming federal government shutdown, a jump in bond yields, and rising oil prices.
9h ago
Yahoo Finance
A last-second deal is set to avert a government shutdown as the business world celebrates
In a surprise turnabout following several days when a stoppage seemed all but inevitable, Congress acted with lightning speed Saturday to avert a government shutdown.
5h ago
Bloomberg
US Consumer Spending Is Signaling Pain Ahead: Credit Weekly
(Bloomberg) -- The US consumer is starting to buckle as rising gas prices crimp spending and the delinquency rate on credit cards reaches the highest level in more than a decade. And that’s before student loan payments restart in October.Most Read from BloombergSenate Voting on Bill to Avert US Government ShutdownCongress Averts US Government Shutdown Hours Before DeadlineOnce Unthinkable Bond Yields Are Now the New Normal for MarketsEurope’s Richest Royal Family Builds $300 Billion Finance Empi
11h ago

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Stocks rally to cap weekly gains as Amazon sinks, First Republic collapses

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