AT&T to Release Third-Quarter 2023 Earnings October 19

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
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Benzinga
Warren Buffett Is Expected To Rake In Over $6 Billion In Dividends In The Next Year - Here Are His 3 Biggest Income-Producing Stocks
Warren Buffett, the venerated investor and CEO of Berkshire Hathaway, is set to amass over $6 billion in dividend income in the coming year, with a significant portion of this windfall emanating from just three stocks. This substantial income stream underscores the effectiveness of Buffett's investment strategy, one that favors profitability and long-term value. Top Dividend Earners in Buffett’s Portfolio Buffett’s predilection for dividend-bearing stocks isn’t just a matter of preference; it’s
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Bloomberg
AT&T Taps Ericsson for $14 Billion Network Revamp, Ousting Nokia
(Bloomberg) -- AT&T Inc. will tap Ericsson AB to modernize its US wireless network, a project that could amount to almost $14 billion over five years. Most Read from BloombergHow Suspects Laundered Billions in Singapore for YearsWall Street’s Furious Bull Run Gets Reality Check: Markets WrapHarvard Alumni Rebuke Its Israel Response With Mere $1 DonationsBitcoin Surges Past $42,000 Even as Stocks and Bonds Take a HitIsrael’s Wider War Has US Cautioning of ‘Strategic Defeat’For Ericsson, already r
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SmartAsset
I Want to Convert $500k in My 401(k) to a Roth IRA. How Do I Avoid Paying Taxes?
You can't avoid taxes when making a Roth IRA conversion, but there are strategies to reduce your tax burden if the circumstances are right. When you convert money from a pre-tax account, such as a 401(k) or an IRA, to a post-tax Roth IRA, you must pay income taxes on the full value of the […] The post I Want to Convert $500k in My 401(k) to a Roth IRA. How Do I Avoid Paying Taxes? appeared first on SmartReads by SmartAsset.
20h ago
Investor's Business Daily
Disney Will Pay You To Buy Its Stock Now — But You Can Do Better
Disney is famous for extracting top dollar from its fans' pockets. But now, the S&P 500 company is looking to give money to its shareholders.
19h ago
Benzinga
California Landlords Are Charging $150,000 Per Month For Some Properties: 'I Feel Like Everybody's In Panic Mode Now'
Los Angeles mansion owners, once keen on selling their grand properties, are now grappling with a market that’s less than favorable for sales. The trend is particularly evident in the city’s most opulent areas, where the challenges are two-fold: a new tax on luxury sales and a turbulent entertainment industry. The “mansion tax,” officially known as Measure ULA, which went into effect on April 1, imposes a significant additional cost on the sale of high-value properties. Homes selling for over $5
15h 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.
3h ago
Benzinga
Jeff Bezos Says He Doesn't Think About Amazon's Daily Stock Price — 'When The Stock Is Down 30% In A Month, It's Not Going To Feel So Good To Feel 30% Dumber.'
In 2018, former Amazon.com Inc. Founder and CEO Jeff Bezos expressed a distinctive view on stock market dynamics and company growth. Despite Amazon’s fluctuating stock prices, Bezos insisted, “I don't spend any time thinking about the daily stock price; I don't.” He elaborated on his philosophy during an interview at the Economic Club of Washington, D.C., saying, “At almost every all-hands meeting I say: ‘Look, when the stock is up 30% in a month, don't feel 30% smarter. Because when the stock i
15h ago
TipRanks
Obesity Drugs Have Multi-Billion-Dollar Market Potential, Says Oppenheimer — Here Are 2 Stocks to Take Advantage
A key to success in the stock market is a touch of foresight. Not quite precognition, but an ability to spot and put together clues and trends, to discern the ‘next big thing’ before it hits. This is true in every stock sector, but today we’ll focus on biotech. The biotech firms have famously high product lead times, paired with equally high overhead expenses; it’s a combination that would make them unlikely investments, except that when a drug is approved, it can turn into a blockbuster. Succes
1d ago
SmartAsset
Ask an Advisor: I'm 67 with $750K in a 401(k). How Can I Preserve This Money for the Rest of My Life?
I am in a quandary about how to invest $750,000 that’s in my 401(k). I'm 67 years old, retired and I have not started taking Social Security yet. What is the best way to preserve this money for the rest of my life that doesn't have high fees? -Terry As you know, the big challenge […] The post Ask an Advisor: I’m 67 with $750K in a 401(k). How Can I Preserve This Money for the Rest of My Life? appeared first on SmartReads by SmartAsset.
2d ago
Bloomberg
Starbucks Suffers Record 11-Day Rout as Sales Concerns Build
(Bloomberg) -- Starbucks Corp. shares suffered a record run of losses as concern builds that sales trends at the coffee giant have cooled in recent weeks.Most Read from BloombergHow Suspects Laundered Billions in Singapore for YearsWall Street’s Furious Bull Run Gets Reality Check: Markets WrapHarvard Alumni Rebuke Its Israel Response With Mere $1 DonationsBitcoin Surges Past $42,000 Even as Stocks and Bonds Take a HitIsrael’s Wider War Has US Cautioning of ‘Strategic Defeat’The stock dropped 1.
11h ago
Fox Business
IRS move could carry hefty cost for some taxpayers
The IRS is raising the interest penalty for underpayment of estimated taxes, with taxpayers who are self-employed or work as independent contractors urged to be vigilant.
1d ago
Bloomberg
Asia Stocks Fall on Cooling Fed Bets, China Rout: Markets Wrap
(Bloomberg) -- Asian equities slid and European stocks futures were little changed as traders reassessed their bets that the Federal Reserve will aggressively cut rates next year. The dollar was steady.Most Read from BloombergHow Suspects Laundered Billions in Singapore for YearsWall Street’s Furious Bull Run Gets Reality Check: Markets WrapHarvard Alumni Rebuke Its Israel Response With Mere $1 DonationsBitcoin Surges Past $42,000 Even as Stocks and Bonds Take a HitIsrael’s Wider War Has US Caut
1h ago
The Wall Street Journal
The Rise of Temu’s Chinese Parent Will Reshape E-Commerce
Move over, Alibaba There’s a new online-shopping champion in China: PDD the company behind discount-retailing app Temu, is now the country’s most valuable e-commerce company. After a 78% rise this year, PDD’s market value has hit $193 billion, snatching the crown from Alibaba. Revenue for the three months ended in September surged 94% from a year earlier—Alibaba’s only grew 9%.
3h ago
Investor's Business Daily
Magnificent Seven Stocks Are Taking A Break. Why That's Bullish.
Magnificent Seven stocks generally lagged last week, but that's letting megacaps such as Apple and Microsoft set up new buying opportunities.
11h ago
Bankrate
This CPA dad opened these investment accounts for his babies to amass millions — here’s how you can, too
Start investing for your baby with these CPA’s tips.
11h ago
SmartAsset
Ask an Advisor: My Kids Inherited $5 Million. How Should They Handle It?
My children have inherited $5 million of stock from their father (whose estate has not yet been dispersed after 11 months) leaving them with a 30% or so loss of value over which they have had no control. Is there … Continue reading → The post Ask an Advisor: My Kids Inherited $5 Million. How Should They Handle It? appeared first on SmartAsset Blog.
15h 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.
6h ago
Yahoo Finance
Virgin Galactic stock tanks after Richard Branson signals no more investments
Virgin Galactic stock saw its biggest drop since June after founder Richard Branson said he won't be giving the company any more money.
17h ago
Barrons.com
Tesla’s Tax Credit Gets Cut in Half. Ford’s Might Be Safe Under New Rules.
The Energy Department has new guidelines that will determine which electric vehicles qualify for what federal tax credits in years to come. What cars get which tax credits, of course, can move auto stocks—exactly why investors should follow along as the details get hashed out. Foreign entities of concern, or FEOCs, are a part of the infrastructure law designed to limit their participation in domestic battery supply chains, explains the Energy Department.
16h ago

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AT&T to Release Third-Quarter 2023 Earnings October 19

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Ask an Advisor: I'm 67 with $750K in a 401(k). How Can I Preserve This Money for the Rest of My Life?

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Virgin Galactic stock tanks after Richard Branson signals no more investments

Tesla’s Tax Credit Gets Cut in Half. Ford’s Might Be Safe Under New Rules.