Breaking News 2022-06-02 at 21:07

MoneyWise
Bill Gates just won legal approval to buy 2,100 acres of North Dakota farmland worth $13.5M — and people are ‘livid’ about it all across the state
The tech billionaire keeps plowing millions into this asset class.
18h ago
Motley Fool
Warren Buffett's Secret Portfolio Has 86% of Its Assets Invested In These 3 Stocks
Berkshire Hathaway's quarterly 13F filing won't tell you about the Oracle of Omaha's $6.3 billion hidden portfolio.
6h ago
MoneyWise
Don't be duped by doomsayers, JPMorgan says — the S&P 500 will rebound to 4,900. Here are 3 stocks it's using to bet on a bounce
Anyone positioning their portfolio for a recession could be making a big mistake.
18h ago
TipRanks
Down More Than 50%: Analysts Say Buy These 3 Beaten-Down Stocks Before They Rebound
Now that we’re into the second half of 2022, with the Independence Day holiday behind us, we can take stock of the changes that the last six months have brought. And those changes have been dramatic. As this year got started, the S&P 500 was coming off of a 27% annual gain. Today, the index is down 20%, putting it into a bear market. The losses have been broad-based, and have left many otherwise sound equities languishing at low prices. It’s a circumstance that has a lot of unhappy investors won
15h ago
Yahoo Finance Video
Enjoy Technology stock explodes after filing for bankruptcy
Yahoo Finance Live anchors discuss how Enjoy Technology shares are trading after filing for bankruptcy.
49m ago
MoneyWise
Warren Buffett says inflation 'swindles almost everybody' — here's 10 ways his frugal habits can help you save money
The uber-wealthy investor is thrifty with everything from his breakfast to his house.
17h ago
Fortune
Warren Buffett–backed BYD surpasses Tesla in global EV sales a decade after Elon Musk doubted the Chinese company’s technology
BYD snatched the No. 1 spot from Tesla in another show of its resilience.
7h ago
Reuters
Oil from U.S. reserves sent overseas as gasoline prices stay high
HOUSTON (Reuters) -More than 5 million barrels of oil that were part of a historic U.S. emergency reserves release to lower domestic fuel prices were exported to Europe and Asia last month, according to data and sources, even as U.S. gasoline and diesel prices hit record highs. The export of crude and fuel is blunting the impact of the moves by U.S. President Joe Biden to lower record pump prices. Biden on Saturday renewed a call for gasoline suppliers to cut their prices, drawing criticism from Amazon founder Jeff Bezos.
1d ago
MarketWatch
Car quality is slipping: These are the brands with the most and least complaints, study finds
KELLEY BLUE BOOK New car owners are experiencing more problems in the first 90 days of ownership than ever before. Buick took the top spot in the 2022 J.D. Power Initial Quality Study, but the headline isn’t the winner this year.
1d ago
Reuters
Crypto lender Voyager Digital files for bankruptcy
(Reuters) -U.S. crypto lender Voyager Digital said on Wednesday it had filed for bankruptcy, becoming another casualty of a dramatic fall in prices that has shaken the cryptocurrency sector. Crypto lenders such as Voyager boomed in the COVID-19 pandemic, drawing depositors with high interest rates and easy access to loans rarely offered by traditional banks. New Jersey-based Celsius in June froze withdrawals and has hired advisers on a possible bankruptcy filing.
9h ago
Yahoo Finance Video
Amazon buys 2% stake in Grubhub, offering new perk for Prime members
Yahoo Finance Live anchors break down Amazon’s 2% investment in Grubhub.
1h ago
SmartAsset
Doing a Roth Conversion Like This Can Minimize Your Taxes
One of the costs of converting a traditional IRA to a Roth IRA is how much you will pay in taxes. In some cases, those taxes can be a heavy burden, especially if you have been diligent in building up … Continue reading → The post Doing a Roth Conversion Like This Can Minimize Your Taxes appeared first on SmartAsset Blog.
19h ago
Yahoo Finance
Only one thing will send gas prices back below $4 a gallon, analyst says
Despite West Texas intermediate crude oil futures dipping below $100 per barrel on Tuesday, serious gas price relief may be unlikely happen until motorists make adjustments by driving less.
22h ago
Barrons.com
Home Prices Around the World Will Drop Soon, Economist Says. What to Expect.
The biggest home price drops are likely in Canada and New Zealand, while only a 5% decline is forecast in the U.S.
9h ago
American City Business Journals
Intel starts construction at New Albany semiconductor campus
Intel Corp. began early construction work at its $20 billion New Albany semiconductor complex Friday. Construction is slated to occur Mondays-Saturdays on the site for about three years, with operations coming online in 2025, according to an update shared by a task force consisting of the Licking County Port Authority, Grow Licking County and the Licking County Chamber of Commerce. The complex will occupy about 900 acres of land in New Albany and is expected bring tens of thousands of jobs to the area, including construction jobs and roles at ancillary businesses.
20h ago
Bloomberg
Euro Sinks to Edge of Dollar Parity as Pros Call It ‘Unbuyable’
(Bloomberg) -- With the European economy lurching toward a recession, traders are growing more convinced that the euro breaking parity with the dollar is imminent.Most Read from BloombergNatural Gas Soars 700%, Becoming Driving Force in the New Cold WarCiti Says Oil May Collapse to $65 by the Year-End on RecessionOil Plummets Below $100 as Recession Risks Come to ForefrontUS Wants Dutch Supplier to Stop Selling Chipmaking Gear to ChinaAmerican Factories Are Making Stuff Again as CEOs Take Produc
4h ago
Barrons.com
Dow Wobbles Ahead of Fed Minutes, RingCentral Drops — and What Else Is Happening in the Stock Market Today
Minutes from the June FOMC meeting will give investors their latest chance to revise expectations of monetary policy.
21m ago
SmartAsset
Why You May Want to Avoid This Guaranteed Retirement Income Product
Current investors aren't just navigating a bear market; they're also contending with rising interest rates that are driving down bond returns. For retirees and those approaching retirement, these challenges are even more daunting. While experts and past research have pointed … Continue reading → The post Why You May Want to Avoid This Guaranteed Retirement Income Product appeared first on SmartAsset Blog.
18h ago
Barrons.com
China’s Auto Sales Are Booming. Can the Rebound Last?
The bounce in China's auto market is due to rising consumer sentiment, the shipment of cars after delays, and additional subsidies for the purchase of new energy vehicles.
2h ago
Yahoo Finance Video
‘I certainly think a recession is inevitable at this point': Andrew Yang
Forward Party Founder, Andrew Yang joins 'Influencers with Andy Serwer' to share his thoughts on the health of the U.S. economy.
5h ago

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Breaking News 2022-06-02 at 21:07

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Bill Gates just won legal approval to buy 2,100 acres of North Dakota farmland worth $13.5M — and people are ‘livid’ about it all across the state

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