Stocks rise ahead of earnings season, oil prices extend gains

Fortune
Charlie Munger warned that a mega-mansion can make you ‘less happy’—and he lived in the same relatively modest house for seven decades
The billionaire investor watched rich friends build “really fancy houses," but "in practically every case, they make the person less happy, not happier."
1d ago
The Wall Street Journal
One Supreme Court Case Could Mess Up Chunks of the Tax Code
WASHINGTON—A case that could punch holes in the federal tax code heads to the Supreme Court on Tuesday. The court will hear arguments in Moore v. U.S., which challenges a piece of the 2017 tax law that imposed a one-time levy on profits that companies had accumulated outside the U.S. But its implications could reach much further, providing the justices an opportunity to define what Congress can tax under the Constitution—and what it can’t. Charles and Kathleen Moore argue that when the law passed, they hadn’t realized income from their investment in an India-based company and thus couldn’t be taxed.
15h ago
SmartAsset
Forget About ‘Timing the Market': Schwab Research Reveals the Optimal Way to Invest
Can investors realistically time the market to maximize returns, especially over the long term? According to a recent study from Charles Schwab, perfect market timing is practically impossible. The firm’s research showed that most investors are better off investing as soon as possible using a buy-and-hold strategy rather than trying to predict short-term peaks and […] The post Forget About ‘Timing the Market’: Schwab Research Reveals the Optimal Way to Invest appeared first on SmartReads by Smar
13h ago
The Wall Street Journal
Alaska Air Reaches Deal to Buy Hawaiian Airlines
Alaska Air reached a roughly $1 billion deal to buy Hawaiian Airlines a combination of two nearly century-old rivals that are dwarfed by the biggest players in a time of travel upheaval. Executives said the deal would solidify Alaska Airlines’ position as the fifth-largest U.S. carrier. The airlines will retain their separate brands, but said together they will have broader reach, connecting Hawaii to three times as many destinations in the continental U.S. and giving Alaska Air a new hub in Honolulu for flights to Asia.
4h 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.
13h ago
Reuters
US stock rally could wobble if tensions spike after Red Sea attacks
An attack on an American warship and commercial vessels in the Red Sea on Sunday risks reigniting investor worries about a widening of the war between Israel and Hamas, potentially complicating the outlook for a rally that saw U.S. stocks crest a fresh closing high for the year last week. The Pentagon said it was aware of reports regarding attacks on an American warship and commercial vessels in the Red Sea on Sunday, while Yemen's Houthi group claimed drone and missile attacks on two Israeli vessels in the area.
6h ago
Investor's Business Daily
Dow Jones Futures: Bullish Shift For Market Rally; ARM, Palantir Lead 7 Stocks In Buy Areas
The market rally is transforming into a broader advance, a bullish sign. Arm Holdings and D.R. Horton flashed buy signals Friday.
1h ago
The Wall Street Journal
Beyoncé’s ‘Renaissance’ Tops U.S. Box Office With $21 Million in Sales
The concert film outperformed competitors on its opening weekend but couldn’t match the box office of Taylor Swift’s film debut.
8h ago
USA TODAY
'We do not have insurance. We have an insurance bill': Condos hit with 563% rate increase
Tom Baker has written to all 160 Florida state lawmakers as well as 15 news organizations about condo owners dealing with huge insurance rate hikes.
2d ago
FreightWaves
Alaska Airlines to fly Amazon packages after completing Hawaiian buy
Alaska Airlines will inherit a cargo business for Amazon as part of its acquisition of Hawaiian Airlines. The post Alaska Airlines to fly Amazon packages after completing Hawaiian buy appeared first on FreightWaves.
4h ago
Bloomberg
Chip Materials Maker Goes Into Debt Rather Than Raise Prices
(Bloomberg) -- One of the chipmaking industry’s small but indispensable suppliers is sinking deeper in debt because it’s refusing to raise prices to cover mounting capex costs.Most Read from BloombergBitcoin Hits $40,000 Level for the First Time Since May 2022Alaska Air Agrees to Buy Hawaiian in $1.9 Billion DealKISS Avatars Go On Tour After Paul Stanley, Gene Simmons RetireUS Warns Iran-Backed Houthis After Attacks on Red Sea ShippingHow Suspects Laundered Billions in Singapore for YearsOsaka-b
3h 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.
5h ago
Investor's Business Daily
Uber Will Join The S&P 500 Index. The Stock Is Jumping.
Confirming widespread speculation, the ride-hailing giant will join the index as part of a quarterly rebalancing.
14h ago
Fox Business
Boeing eliminated from Air Force's 'Doomsday Plane' competition
Boeing has been eliminated from the U.S. Air Force's Survivable Airborne Operations Center competition to replace the E-4B Nightwatch with a next-generation "Doomsday plane."
9h ago
SmartAsset
Morningstar evaluation: These are the 3 top guaranteed retirement incomes
Generating enough income in retirement to meet your spending needs is crucial. While Social Security provides inflation-protected retirement income, it's simply not enough for many retirees. If you need help planning for retirement, consider working with a financial advisor. John Rekenthaler, … Continue reading → The post Treasury Bonds vs. TIPS Ladders vs. Annuities: Which Strategy Is Best For Retirement Income? appeared first on SmartAsset Blog.
13h ago
Bloomberg
Spot Gold Rises to Record on Dovish Fed Remarks
(Bloomberg) -- Gold shot past a previous all-time high set in the midst of the pandemic on growing expectations for US rate cuts early next year, despite attempts by the Federal Reserve to temper the optimism. Most Read from BloombergBitcoin Hits $40,000 Level for the First Time Since May 2022Alaska Air Agrees to Buy Hawaiian in $1.9 Billion DealKISS Avatars Go On Tour After Paul Stanley, Gene Simmons RetireUS Warns Iran-Backed Houthis After Attacks on Red Sea ShippingHow Suspects Laundered Bill
2h ago
Yahoo Finance
What analysts are saying about Wall Street's 2024 outlook
It’s that time of year when Wall Street’s top strategists tell clients where they see the stock market heading in the year ahead. Typically, the average forecast for the group predicts the S&P 500 climbing by about 10%, which is in line with historical averages.
14h ago
Reuters
Oil climbs as Mideast tension back in focus
Oil futures rose on Monday as geopolitical tension in the Middle East returned to focus, spurring concerns about supply from the region, but uncertainty over OPEC+ voluntary output cuts and global fuel demand growth clouded the sector's outlook. Brent crude futures climbed 28 cents, or 0.4%, to $79.16 a barrel by 0018 GMT, while U.S. West Texas Intermediate crude futures were at $74.36 a barrel, up 29 cents, or 0.4%. "A re-emergence of geopolitical tension over the weekend has come to the aid of an ailing crude oil price on the reopen this morning," IG markets analyst Tony Sycamore said.
3h ago
The Wall Street Journal
Hundreds of Stocks Have Fallen Below $1. They’re Still Listed on Nasdaq.
Investor-protection advocates say many belong to risky small companies that should be on the OTC market.
15h ago
Bloomberg
Alaska Air Agrees to Buy Hawaiian in $1.9 Billion Deal
(Bloomberg) -- Alaska Air Group Inc. has agreed to buy rival Hawaiian Holdings Inc. in a $1.9 billion cash and debt deal, challenging the Biden administration’s aggressive stance on mergers that has already derailed one partnership between carriers.Most Read from BloombergBitcoin Hits $40,000 Level for the First Time Since May 2022Alaska Air Agrees to Buy Hawaiian in $1.9 Billion DealKISS Avatars Go On Tour After Paul Stanley, Gene Simmons RetireUS Warns Iran-Backed Houthis After Attacks on Red
6h ago

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Stocks rise ahead of earnings season, oil prices extend gains

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Charlie Munger warned that a mega-mansion can make you ‘less happy’—and he lived in the same relatively modest house for seven decades

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Forget About ‘Timing the Market': Schwab Research Reveals the Optimal Way to Invest

Alaska Air Reaches Deal to Buy Hawaiian Airlines

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

US stock rally could wobble if tensions spike after Red Sea attacks

Dow Jones Futures: Bullish Shift For Market Rally; ARM, Palantir Lead 7 Stocks In Buy Areas

Beyoncé’s ‘Renaissance’ Tops U.S. Box Office With $21 Million in Sales

'We do not have insurance. We have an insurance bill': Condos hit with 563% rate increase

Alaska Airlines to fly Amazon packages after completing Hawaiian buy

Chip Materials Maker Goes Into Debt Rather Than Raise Prices

IRS move could carry hefty cost for some taxpayers

Uber Will Join The S&P 500 Index. The Stock Is Jumping.

Boeing eliminated from Air Force's 'Doomsday Plane' competition

Morningstar evaluation: These are the 3 top guaranteed retirement incomes

Spot Gold Rises to Record on Dovish Fed Remarks

What analysts are saying about Wall Street's 2024 outlook

Oil climbs as Mideast tension back in focus

Hundreds of Stocks Have Fallen Below $1. They’re Still Listed on Nasdaq.

Alaska Air Agrees to Buy Hawaiian in $1.9 Billion Deal