You bring up an interesting dilemma some retirement savers may not think of, which is having your retirement assets locked away in investment portfolios intended to be used at an older age. Employer-sponsored retirement accounts, such as 401(k) plans, are a great tool for investing for retirement because they are tax-deferred, which means more money is growing until it’s time to withdraw. The first task is to double check on your company’s policy for the age 55 rule (for readers unfamiliar with this rule, it allows people age 55 or older who were separated from their jobs — either because they were fired or voluntarily left — to tap into the 401(k) from their current employer before the required age 59 ½).
Michael Burry issued the warning in a series of tweets that have since been deleted.
The multinational conglomerate General Electric Company (GE) announced the date for its 1-for-8 reverse stock split to be effective post-close of trading on July 30. The shares will start trading on a split-adjusted basis on August 2. Shares closed down 1.7% at $12.78 on June 18. Over the years, GE has gradually divested several businesses, including nearly all of GE Capital, without making any related alterations to reduce the share count. (See GE stock chart on TipRanks) Carolina Dybeck Happe,
(Bloomberg) -- For almost three decades, Michael Larson has quietly shuffled around one of the world’s biggest fortunes with a chief priority: Keep his fabulously wealthy bosses out of the headlines.The conservative bets, the nondescript office, the investment firm’s generic-sounding name; they were all carefully designed to shield Bill Gates and Melinda French Gates from criticism and produce steady, if seemingly unimpressive, returns.The couple’s divorce announcement last month cracked the cur
Last year we predicted the arrival of the first US recession since 2009 and we told in advance that the market will decline by at least 20% in (Recession is Imminent: We Need A Travel Ban NOW). In these volatile markets we scrutinize hedge fund filings to get a reading on which direction each stock […]
Morgan Stanley said 2021 was beginning to resemble 2004, a year which may offer clues for investors as to what will happen in the months ahead.
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In this article, we will take a look at the 10 best alternative energy stocks to buy now. You can skip our comprehensive analysis of these companies, and go directly to the 5 Best Alternative Energy Stocks to Buy Now. The global alternative energy industry has steadily gained traction, with more people attempting to implement […]
Tonix Pharmaceuticals Holding Corp (NASDAQ: TNXP) plans to develop TNX-102 SL (cyclobenzaprine HCl sublingual tablets) for Long COVID Syndrome (Long COVID), which is now known officially as Post-Acute Sequelae of COVID-19 (PASC1). Tonix plans to meet the FDA in Q3 of 2021 to seek agreement on designing a potential Phase 2 study and the overall clinical development plan. TNX-102 SL is in the second Phase 3 trial (RALLY) for fibromyalgia. The interim analysis results are expected in Q3 of 2021, an
We’re in interesting times, there’s no doubt about that. The COVID crisis is receding, the economic reopening is proceeding apace – but there are inflationary worries. Many experts are concerned that further cost-of-living increases will result as consumer demand outstrips supply. On the other hand, the Federal Reserve believes it can curb an outbreak of inflation should it occur without throwing the recovery off track. Looking at economic conditions, Raymond James strategist Scott Brown noted,
(Bloomberg) -- Tiny oil company Torchlight Energy Resources Inc. saw its shares more than double in a week after it became the latest stock touted on Reddit as a possible short squeeze.The Plano, Texas-based company jumped as much as 74% to $10.88 a share on Monday before paring some gains, though it’s still up about 130% from a week ago. Torchlight, which has a market capitalization of about $1.2 billion, is the second-biggest gainer on the Nasdaq this year. At the end of the first quarter, its
It's a gobble gobble of a time in the corporate career of Lordstown Motors President Rich Schmidt.
His administration just gave relief to borrowers who brought claims against their school.
"Compared to the amount of miners that get shipped regularly, it's just a small batch," a mining source told CoinDesk.
Amazon’s Prime Day is here, Americans are 65% vaccinated, FTSE Russell rebalances, and other news to start your day.
Since the outset of the COVID-19 pandemic in early 2020, the stock market has embarked on a journey with ups and downs, the likes of which had been unprecedented. As the saga goes, the virus set in, and people were at home and looking for entertainment. This, coupled with the hopeful possibility of building wealth directly from one’s phone and/or couch, brought a new generation of retail traders to the market. They began to push speculative equities and securities around in their search for quic
Gold Royalty Corp. ("GRC") (NYSE American: GROY) and Ely Gold Royalties Inc. ("Ely Gold") (TSXV: ELY) (OTCQX: ELYGF) are pleased to announce that they have entered into a definitive agreement (the "Agreement"), dated June 21, 2021, pursuant to which GRC will acquire all of the issued and outstanding common shares of Ely Gold (the "Ely Shares") by way of a statutory plan of arrangement (the "Arrangement") under the Business Corporations Act (British Columbia).
FRANKFURT (Reuters) -The euro zone and the United States are "clearly in a different situation" when it comes the outlook for inflation, European Central Bank President Christine Lagarde said on Monday, playing down any impact from across the Atlantic. With the U.S. economy reopening and prices rebounding fast, Federal Reserve officials have started discussing ending their bond purchase programme and last week brought forward their expectations for the first rate hike since the start of the coronavirus pandemic. This has triggered market speculation about rising inflation and a tightening of monetary policy across the globe.
(TSX: LUN) (Nasdaq Stockholm: LUMI) Lundin Mining Corporation ("Lundin Mining" or the "Company") today reported that 2021 production guidance for its Candelaria Copper Mining Complex ("Candelaria") in Chile is reduced to 150,000–155,000 t of copper and 85,000–90,000 oz of gold on a 100% basis.
In this article, we will take a look at the 10 best data stocks to buy now based on the data of over 860 hedge funds tracked by Insider Monkey. You can skip our detailed analysis of the data industry and go directly to see the 5 Best Data Stocks to Buy Now. The data […]