WealthWise Financial CEO on recession-proof areas of the market

Barrons.com
Cigarette Makers Altria, Philip Morris Drop After Big BAT Write-down
London-listed British American Tobacco announced a $32 billion charge on the value of its brands. Shares of cigarette makers slipped.
58m ago
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
21h ago
SmartAsset
I'm Selling My Home and Netting $750k to Downsize for Retirement. Do I Have to Pay Capital Gains Taxes?
Suppose you sell your primary home and make a $750,000 profit. Will you owe capital gains tax on that profit? The short answer is yes. Depending on a handful of factors, you may owe tens of thousands of dollars to over a hundred thousand dollars. Your exact tax liability could vary drastically, so knowing what […] The post I’m Selling My Home and Netting $750k to Downsize for Retirement. Do I Have to Pay Capital Gains Taxes? appeared first on SmartReads by SmartAsset.
2h ago
The Wall Street Journal
British American Tobacco Stock Sinks on $31.5 Billion Impairment
British American Tobacco stock sank to decade-plus lows Wednesday, after the maker of Dunhill and Lucky Strike cigarettes warned of a likely $31.5 billion write-down tied to its U.S. brands. + BAT's London-traded stock [(UK:BATS)](https://www.
2h ago
Barrons.com
Palantir Stock Keeps Dropping. Pray This Key Technical Level Isn’t Breached.
Traders could be encouraged to sell the analytics-software stock in anticipation of further weakness if it falls through that mark.
2h 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.
17h 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."
18h ago
Barrons.com
Elon Musk Says Tesla’s ‘Model 2’ Will Be Smaller, Mass-Produced in Texas
Electric-vehicle maker Tesla needs a more compact, less-expensive car to capture more of the auto market. The new EV could be it.
23m 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
22h 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.
21h 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.
22h ago
The Wall Street Journal
Lucky Strike Maker to Take $31.5 Billion Charge on U.S. Brands
Cigarette giant British American Tobacco, whose portfolio includes the Camel, Newport and Pall Mall brands, said its U.S. sales were hit by smokers switching to cheaper products.
1h ago
The Wall Street Journal
P&G Bought Gillette 18 Years Ago. It’s Still Paying the Price.
Procter & Gamble says it will book a $1.3 billion accounting charge on the shaving giant it acquired in 2005.
17h ago
Bloomberg
BAT Writing Off £25 Billion on US Cigarettes, Shares Fall
(Bloomberg) -- British American Tobacco Plc is writing down some of its US cigarette brands by about £25 billion ($31.5 billion), sending shares to the biggest decline in almost four years.Most Read from BloombergBiden Says He Might Not Have Sought Reelection If Trump Weren’t RunningTreasury Frenzy Drives 10-Year Yield Below 4.2%: Markets WrapTruck-Stop Billionaire Fights Warren Buffett to Increase $18 Billion Fortune India Stock Value Tops $4 Trillion, Narrowing Gap With Hong KongPutin Makes Ra
3h 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.”
1d ago
Yahoo Finance
Stock market news today: US futures rise as jobs market shows more signs of softening
Though markets are pricing in a 1% rate cut next year, fresh data on the labor market could shift the needle.
29m ago
SmartAsset
Ask an Advisor: I Have $1 Million and Want It to Work for Me. How Do I Maximize Passive Income and Minimize Taxes?
I have a million dollars and I want to put it to work for me. Where can I put it to make the most amount of passive income from it? Also, how can I minimize taxes on that to be able to keep more of that money? – Andrea While today's high-interest rate environment has […] The post Ask an Advisor: I Have $1 Million and Want It to Work for Me. How Do I Maximize Passive Income and Minimize Taxes? appeared first on SmartReads by SmartAsset.
22h 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.
17h 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
2d ago
Investopedia
Will CD Rates Go Up—Or Down—in 2024?
CD rates have already reached their highest levels in more than 20 years. Are further increases in the cards, or will 2024 see the best CD rates come down from record peaks?
16h ago

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WealthWise Financial CEO on recession-proof areas of the market

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