FINANCE
-
Biden Says Economy Is ‘Strong,’ But 50% Of Voters Say Their Financial Situation Is Getting Worse As Markets And Employment Hit Record Highs
Nearly every metric for measuring economic prosperity backs President Joe Biden’s proclamation in his State of the Union address in early March that “the state of our union is strong and getting stronger.” As the S&P 500 and the Nasdaq Stock Market raced toward all-time highs, Biden posted on X in mid-February, “The stock market going strong is a sign…
Read More » -
Stock market bubble warnings are everywhere. These are the 10 most richly valued stocks right now.
Johannes Eisele/AFP via Getty Images As the stock market hits record highs, some investors are concerned about a bubble. High valuations and an AI-hype cycle are the top concerns for bearish investors. From AI to chicken wings, listed below are the 10 most richly valued stocks in the market right now. Record highs in the stock market and growing hype…
Read More » -
Kodak Pension Riches Point to $137 Billion Opportunity
(Bloomberg) — Inside Eastman Kodak Co., the once-iconic camera maker, a small pension investment team reaped such large gains in recent years that they windfalled themselves out of a job. Most Read from Bloomberg The group, managing a pool of retirement assets for more than 37,000 people, poured money into hedge funds and private equity and, in seven years, turned…
Read More » -
These investors think Trump’s new public company will flop
Former President Donald Trump has clearly scored a financial win with his media startup, Trump Media & Technology Group. Once the firm goes public, likely this week, Trump’s ownership stake could fetch more than $3 billion. But many investors seem to think the Trump venture will flop. The Trump startup will go public via a merger with Digital World Acquisition…
Read More » -
I Have $1 Million in Savings and a Pension. Should I Delay Social Security and Rely on My 401(k) for 8 Years?
A man considers delaying Social Security past his full retirement age to increase his eventual benefit. If you have $1 million in a 401(k) and collect a pension, you may be in a position to delay Social Security until age 70. Doing so can boost your monthly benefit by up to 24%. However, delaying Social Security will mean you’ll have…
Read More » -
Super Micro to Delay 2 Million Share Sale to After Close
(Bloomberg) — Super Micro Computer Inc. pushed back the expected pricing of the sale of 2 million shares to after the market closes in New York, according to people familiar with the matter. Most Read from Bloomberg Goldman Sachs Group Inc., the sole underwriter of the share sale, has communicated the updated timetable to potential investors that the pricing of…
Read More » -
Better Artificial Intelligence (AI) Stock: Palantir vs. Nvidia
Software company Palantir Technologies (NYSE: PLTR) and chip company Nvidia (NASDAQ: NVDA) are two of the hottest stocks on Wall Street. Both stocks are up over 240% over the past year and have fierce loyalty among investors. Is one artificial intelligence (AI) stock better than the other? To find out, I compared them head-to-head to see why they’re thriving and…
Read More » -
Dollar Tree’s 1,000 store closure tells the perils of poor acquisitions
Dollar Tree (DLTR) is marking down its footprint as it continues to struggle with its Family Dollar acquisition. The dollar store chain announced on Wednesday plans to close 600 Family Dollar stores in the first half of fiscal 2024. It’ll shutter another 370 Family Dollar and 30 Dollar Tree locations once their current leases expire, bringing the total closure to…
Read More » -
Billionaire Bill Gates Has Over Half of His $42 Billion Portfolio Invested in These 3 Dividend Stocks
Do billionaires like dividend stocks? Absolutely. Just take a look at the holdings of famous billionaire investors such as Warren Buffett and Ken Griffin. They’re loaded with dividend stocks. Bill Gates stands out as another great example. Although he doesn’t manage a public company or hedge fund like Buffett and Griffin do, he’s donated a boatload of money to the…
Read More » -
EV maker Rivian unveils smaller, less expensive SUVs, crossovers
By Chris Kirkham and Abhirup Roy LAGUNA BEACH, California (Reuters) -Rivian on Thursday unveiled its smaller and less expensive “R2” SUVs and “R3” crossovers amid a slowdown in demand for EVs and also said it would start producing the R2 at its existing facility in Illinois to ensure deliveries in 2026. Rivian shares were up 10% at $12.16 on Thursday…
Read More »