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PG&E reaches $13.5B settlement with California wildfire victims

PG&E announced a $13.5 billion settlement with several victims of those impacted by the California wildfires. Yahoo Finance’s Seana Smith and Ines Ferre discuss on The Ticker.

  • You may not have as much in your 401(k) for retirement as you think
    Business
    MarketWatch

    You may not have as much in your 401(k) for retirement as you think

    A $100,000 or even $200,000 balance in a 401(k) plan might seem like a lofty amount of money — and it is — but it may not mean as much in your retirement as you think. As part of the new Secure Act, plan sponsors will have to show Americans how their account balances translate into monthly income. The new retirement law, which was passed in December, aims to provide investors with a clearer picture about whether or not they're on track to retire.

  • Coronavirus may trigger a major stock market selloff: analyst
    Business
    Yahoo Finance

    Coronavirus may trigger a major stock market selloff: analyst

    Thus far, the U.S. stock market has completely shrugged off the financially damaging coronavirus. Many on the Street though are starting to wonder just how long the nonchalance among investors will last as the coronavirus death tolls rise globally and major companies see their profits shredded. We are at a point in the market where everyone is having a great time.

  • Dow Jones Futures: Apple, Tesla, AMD, Nvidia Lead Hot Stock Market Rally; Six Big Earnings Movers Late
    Business
    Investor's Business Daily

    Dow Jones Futures: Apple, Tesla, AMD, Nvidia Lead Hot Stock Market Rally; Six Big Earnings Movers Late

    Dow Jones futures turned modestly lower Wednesday, along with S&P 500 futures and Nasdaq futures, after the stock market rally powered to all-time highs, led by Tesla, Nvidia, Advanced Micro Devices and Apple. After the close, SolarEdge Technologies, Synopsys, Sleep Number, Stamps.com and Zillow Group reported earnings. Copart results are on tap.

  • When Do People Retire on Average
    Business
    SmartAsset

    When Do People Retire on Average

    You can start collecting Social Security benefits at age 62, though you aren't yet considered full retirement age (FRA) at that time and will only collect 75% of your expected benefits. By comparison, if you wait until age 65 to begin collecting benefits, you'll receive 93.3% of your monthly benefit. The FRA is 66 for people born between 1943 and 1959 or 67 for those born in 1960 or later.

  • Tesla shares, fueled by Fed, surge on bullish analyst calls
    Business
    Yahoo Finance

    Tesla shares, fueled by Fed, surge on bullish analyst calls

    Absolutely,” Invesco strategist Tim Horsburgh said on Yahoo Finance's The First Trade when asked if rampant liquidity in the system is helping a high-flying tech stock like Tesla (TSLA). When you are in this type of environment where you have a lot of liquidity out there, especially with the Fed's action in the fall you have the right conditions that when you have a good story it gives it [a stock like Tesla] a lot of momentum. Increasingly easy financial conditions — spurred by the Fed's actions — often help a momentum stock such as Tesla in several ways.

  • AMD, Ballard Power and two other stocks that are breaking out
    Business
    MarketWatch

    AMD, Ballard Power and two other stocks that are breaking out

    Here are four stocks in a range of industries that are testing or trading just above key resistance levels. Ballard Power Systems Inc. (BLDP) surged $1.14, or 10%, to $12.50, on 6.6 million shares traded Tuesday. The stock has more than doubled since breaking out of its December consolidation, and Tuesday's rise broke it above lateral resistance.

  • Artificial Intelligence Stocks To Buy And Watch Amid Rising AI Competition
    Business
    Investor's Business Daily

    Artificial Intelligence Stocks To Buy And Watch Amid Rising AI Competition

    Instead, look for companies using AI technology to improve products or gain a strategic edge. Enterprise software maker ServiceNow has been making AI acquisitions. Under new Chief Executive Bill McDermott, ServiceNow in January acquired two AI companies, Passage AI and Loom Systems.

  • Business
    TheStreet.com

    Jim Cramer on Boeing, Tesla, and Nvidia

    Jim Cramer has some thoughts on the markets, Boeing , Tesla , and Nvidia . First, There are the Markets Jim Cramer penned a Real Money column focusing on why there's too much upside, and not enough downside, which has impacted the selling. "Can I get out and in?

  • New York, New Jersey see largest population decrease in US
    U.S.
    Yahoo Finance Video

    New York, New Jersey see largest population decrease in US

    The mass exodus has begun. A new study from career site Zippia found that New York and New Jersey are losing more residents than any other states. New York is number one with the state losing over 300,000 residents from 2017 to 2018.

  • Chinese Companies Say They Can’t Afford to Pay Workers Now
    Business
    Bloomberg

    Chinese Companies Say They Can’t Afford to Pay Workers Now

    A growing number of China's private companies have cut wages, delayed paychecks or stopped paying staff completely, saying that the economic toll of the coronavirus has left them unable to cover their labor costs. To slow the spread of the virus that's claimed more than 2,000 lives, Chinese authorities and big employers have encouraged people to stay home. Shopping malls and restaurants are empty; amusement parks and theaters are closed; non-essential travel is all but forbidden.

  • 9 secrets of dividend investing, from a couple of stock pros who beat the market
    Business
    MarketWatch

    9 secrets of dividend investing, from a couple of stock pros who beat the market

    Not so, say the two dividend-minded mutual-fund managers who run the outperforming Guinness Atkinson Dividend Builder Fund (GAINX) . Matthew Page and Ian Mortimer use a much more nuanced approach to get high-achieving results. Over the past three years, they have beaten both their Morningstar World Large-Stock category and the MSCI ACWI Index by 1.9 and 1.4 percentage points, respectively, on an annualized basis.

  • Billionaire Ray Dalio Pulls the Trigger on 3 “Strong Buy” Stocks
    Business
    TipRanks

    Billionaire Ray Dalio Pulls the Trigger on 3 “Strong Buy” Stocks

    On top of this, he pointed out, “Debunking 'too big to grow fears,' BLK delivered 7%-plus organic asset growth for the full year 2019, which is an acceleration from 2.1%-plus organic growth in 2018 and 4.3%-plus average growth rate over last five years. Importantly, strong net new money growth translated into 5% organic base fee growth in 2019, better than the 2% growth in 2018. Based on this report, Cyprys expects other analysts to make adjustments to their outlooks for 2020.

  • SolarEdge Earnings, Revenue Beat Estimates In Hot Solar Market
    Business
    Investor's Business Daily

    SolarEdge Earnings, Revenue Beat Estimates In Hot Solar Market

    SolarEdge Technologies reported fourth-quarter results Wednesday that beat Wall Street estimates and reached record revenue. The SolarEdge earnings report came after the market close. The Israel-based solar energy firm reported adjusted earnings of $1.65 per share on revenue of $418.2 million.

  • Virgin Galactic Shares up 200% So Far This Year
    Business
    Investing.com

    Virgin Galactic Shares up 200% So Far This Year

    Tomorrow could be another catalyst for the stock as CEO George Whitesides presents at the Barclays LON:BARC) Industrial Select Conference in Miami. The presentation will come before the opening bell. Virgin Galactic is racing against Tesla (NASDAQ:TSLA) CEO Elon Musk's SpaceX and Amazon (NASDAQ:AMZN) CEO Jeff Bezos' Blue Origin to bring tourists into space, but is the only one of the three whose shares are publicly listed.

  • Tesla skyrockets above $900 with solar power investments
    Business
    Yahoo Finance Video

    Tesla skyrockets above $900 with solar power investments

    On Wednesday, investment bank Piper Sandler set a 12-month price forecast of $928 on Tesla shares, citing the electric car maker's success in battery and solar power industries. The On The Move panel breaks down the details.

  • Options Market Darlings Virgin Galactic, Plug Power Are Surging Again
    Business
    Bloomberg

    Options Market Darlings Virgin Galactic, Plug Power Are Surging Again

    Richard Branson's space-tourism company Virgin Galactic Holdings Inc. jumped as much as 24% on Wednesday, marking its eigthth straight gain, to close at another all-time high. Meanwhile, Plug Power Inc. rose 18% to extend a five-year high as retail investors talked up their positions on message boards like r/wallstreetbets on Reddit. Fellow renewable energy equipment-maker FuelCell Energy Inc. rose 18%.

  • The hedge-fund investor who has beaten Warren Buffett by 200x likely made a killing on Tesla
    Business
    MarketWatch

    The hedge-fund investor who has beaten Warren Buffett by 200x likely made a killing on Tesla

    Renaissance Technologies, added more than 3 million shares of Tesla to its holdings in the fourth quarter of last year, as the electric-vehicle maker's shares catapulted higher, according to public filings. The hedge fund founded by James Simons, considered the premiere quantitative-driven investor, owned 3.9 million shares of Tesla at the end of Dec. 31, with the company's stake in Renaissance's portfolio jumping from 0.1% in the prior quarterly period to 1.3%, according to file-tracking site Whalewisdom. The purchases would have come as Tesla's shares (TSLA) were zooming higher, punishing a number of investors with short positions who had bet that the Elon Musk-run Silicon Valley darling would see its price collapse soon.

  • Business
    Oilprice.com

    Why Cramer Is Wrong About Oil Stocks

    Three weeks ago, Mad Money host Jim Cramer raised eyebrows after claiming that the oil industry was in the “death knell phase” and that “fossil fuel stocks are now like tobacco stocks”. In the past, Cramer has received plenty of blowback about his stance on fossil fuels, and this time it was not any different.

  • Is Micron Stock A Buy Right Now? Here's What MU Earnings, Chart Show
    Business
    Investor's Business Daily

    Is Micron Stock A Buy Right Now? Here's What MU Earnings, Chart Show

    But is Micron stock a buy right now? The memory-chip market hit the skids in the second half of 2018 when sales of smartphones, personal computers, servers and other gear slowed. Memory-chip pricing has improved lately and inventories have moderated, but the sector isn't out of the woods yet.

  • Elon Musk Calls Bill Gates Underwhelming After Billionaire Buys a Porsche
    Business
    Bloomberg

    Elon Musk Calls Bill Gates Underwhelming After Billionaire Buys a Porsche

    If he was expecting kind words in return from Elon Musk, he apparently shouldn't have spoken about challenges that still lie ahead -- or about his new Porsche. Gates, the billionaire co-founder of Microsoft Corp., spoke with a YouTube influencer last week about the challenges of reducing emissions to slow climate change. “And certainly Tesla, if you had to name one company that's helped drive that, it's them,” Gates told YouTuber Marques Brownlee.

  • Business
    Barrons.com

    Virgin Galactic Stock Is Beating Tesla. The Reason Why Is a Mystery.

    Stock in Richard Branson's company, which promises to ferry tourists to the edge of space and back, is up about 200% year to date, crushing comparable returns of the S&P 500 and Dow Jones Industrial Average. Virgin Galactic stock (ticker: SPCE) was up 14% more in Wednesday morning trading. There are no recent research notes and only three analysts cover the company, far fewer than the average number of analysts covering companies of similar size.

  • Trump Backs Supporter Larry Ellison in Court Fight With Google
    Business
    Bloomberg

    Trump Backs Supporter Larry Ellison in Court Fight With Google

    The administration weighed in on the high-stakes case on the same day that President Donald Trump attended a re-election campaign fundraiser in California hosted by Oracle's co-founder, billionaire Larry Ellison. Ellison hosted a golf outing and photos with Trump.

  • IBD Live: Nvidia Hits New High And Clears This Key Level; Is It A Buy Or Too Extended?
    Business
    Investor's Business Daily

    IBD Live: Nvidia Hits New High And Clears This Key Level; Is It A Buy Or Too Extended?

    The IBD Live Team discussed stocks to buy and watch during Wednesday's IBD Live episode. Among recent breakout stocks, the Team analyzed Nvidia as it surged to a new all-time high and cleared a key psychological level. Today's full IBD Live show is now available for subscribers.

  • The Exelixis (NASDAQ:EXEL) Share Price Has Soared 689%, Delighting Many Shareholders
    Business
    Simply Wall St.

    The Exelixis (NASDAQ:EXEL) Share Price Has Soared 689%, Delighting Many Shareholders

    Just think about the savvy investors who held Exelixis, Inc. (NASDAQ:EXEL) shares for the last five years, while they gained 689%. It's also good to see the share price up 29% over the last quarter. It really delights us to see such great share price performance for investors.

  • Business
    Benzinga

    Why AMD's Coronavirus Impact Could Be Worse Than Intel, Nvidia

    Advanced Micro Devices, Inc. (NASDAQ: AMD) shares are trading at a record high — but a near-to-medium term risk is lurking ahead that could pose a threat to the stock's strong performance. The outbreak of the coronavirus in China and the ensuing supply chain disruptions could hurt AMD more than peers Intel Corporation (NASDAQ: INTC) and NVIDIA Corporation (NASDAQ: NVDA), Eric Ross, chief investment strategist at Cascend Securities, said in a note. About 78% of AMD's revenue comes from computers and graphics, and low-end notebook board makers as well as low-end graphics makers in China are not ramping production meaningfully after the Lunar New Year, Ross said.