FINANCE
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Tips to Reach That Goal
A woman looks over a financial statement for her retirement savings. SmartAsset and Yahoo Finance LLC may earn commission or revenue through links in the content below. Americans believe they’ll need at least $1.8 million to retire, an increase from last year’s magic number of $1.7 million. However, not very many are confident they’ll be able to get there. These…
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Dow, S&P 500, Nasdaq slide ahead of Fed meeting kickoff
Homebuilder confidence was flat in December from the previous month and came in lower than analyst estimates amid uncertainty over how quickly mortgage rates will decline. The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index stayed at 46 in December, lower than economists’ estimates of 47, per Bloomberg data. Any reading under 50 indicates more builders view conditions…
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AMD Stock Will Soar Over the Next 8 Years. Here’s 1 Reason Why.
Advanced Micro Devices (NASDAQ: AMD) stock has sold off in recent weeks. Weak PC sales and worries about competition in the artificial intelligence (AI) accelerator market seem to have weighed on the stock. On the surface, one can see why AMD has struggled. Its $18 billion in revenue for the first nine months of 2024 rose 10%, far below the…
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Macy’s delayed Q3 results show sales decline as its stock drops
Macy’s (M) on Wednesday posted its official third-quarter results, after it concluded an internal investigation into an employee hiding up to $151 million of expenses that led to a delay in reporting. The tepid earnings report were broadly in line with preliminary results shared last month. Macy’s reported adjusted earnings per share of $0.04, which beat Wall Street’s expectation of…
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I’m 75 and Retired With $900k. How Do I Avoid Running Out of Money?
Two 75-year-old retirees go over their finances to ensure their savings can support them for the rest of their lives. SmartAsset and Yahoo Finance LLC may earn commission or revenue through links in the content below. Ensuring that your retirement savings last the rest of your life often requires balancing income with expenses over your projected lifespan. But suppose you…
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Intel’s Stock Just Did Something It Hasn’t Done Since 2022
The last couple of years have been terrific for semiconductor stocks. Well, most semiconductor stocks, that is. Since OpenAI introduced ChatGPT to the world on Nov. 30, 2022, shares of Nvidia and Advanced Micro Devices have risen by 721% and 83%, respectively. By contrast, shares of chip peer Intel (NASDAQ: INTC) have fallen by 25% during this time period. There’s…
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Intel CEO Pat Gelsinger retires after tumultuous tenure leading the chip giant
Intel (INTC) announced Monday that CEO Pat Gelsinger retired effective Dec. 1 and stepped down from the company’s board of directors. He had led aggressive efforts to turn around the troubled US chipmaker for more than three years. Intel stock was up more than 3% on the news in early trading. A person familiar with the matter told Yahoo Finance…
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Dow, S&P 500, Nasdaq rise with monthly wins in sight
Microsoft stock (MSFT) was down about 0.8% early Friday after news broke late Wednesday that the Federal Trade Commission has opened a broad antitrust probe into the tech giant. But at least one Wall Street analyst sees the news coming as no surprise and expects changes at the FTC under the Trump administration to make antitrust worries in the tech…
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Best Buy broadly misses earnings estimates as consumers pull back on appliances, electronics
Even artificial intelligence couldn’t make up for flagging consumer demand at Best Buy (BBY). For the twelfth consecutive quarter, the retailer posted negative same-store sales growth, down 2.9% year over year versus estimates of down 0.92%. Net sales of $9.45 billion and adjusted earnings per share of $1.26 also missed expectation of $9.63 billion and $1.29 per share, respectively. CEO…
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Here Are My Top Artificial Intelligence (AI) Stocks to Buy Right Now (Hint: Not Nvidia)
There are many ways to buy into the artificial intelligence (AI) frenzy. Many investors look to AI hardware designer Nvidia, making the former video gaming accelerator maven one of the most valuable companies in the world. Nvidia is a great company, but the stock may have soared too high, too fast. There are more reasonable AI ideas out there right…
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