'Outsider' president can break Indonesia's status quo: CLSA
Promises of reform and infrastructure improvement are nothing new for Indonesia, but incoming president Joko Widodo is actually in a position to deliver, says CLSA's Tony Nafte.
While the ultrawealthy 1% often dominates financial headlines, the real question for most Americans is whether their net worth is comparable to that of their peers. Understanding what it takes to be in the top 10% at your age can provide valuable insight into your financial standing and reveal the milestones for success at different stages of life. Don't Miss: The average American couple has saved this much money for retirement — How do you compare? Are you rich? Here’s what Americans think you
The Dow Jones fell on the stock market today. GameStop surged after influencer "Roaring Kitty" claimed a big stake. AI stock Nvidia popped.
For decades, the $1 million retirement savings goal has been considered the gold standard for a secure and comfortable post-work life. However, the reality for most Americans is quite different. According to the Federal Reserve’s latest Survey of Consumer Finances, only about 10% of American retirees have managed to save $1 million or more. This leaves a significant 90% who fall short of this milestone. Don't Miss: The average American couple has saved this much money for retirement — How do you
These are exciting times for Nvidia and its shareholders.
"The current upcycle started in late'23, so we are only in quarter 3, implying strength likely till mid-26E," Bank of America wrote on Monday.
Two high-octane dividend stocks -- with an average yield of 9.69% -- are ripe for the picking by opportunistic income seekers.
Toyota Chairman Akio Toyoda apologized Monday for massive cheating on certification tests for seven vehicle models as the automaker suspended production of three of them. The wide-ranging fraudulent testing at Japan’s top automaker involved the use of inadequate or outdated data in collision tests, and incorrect testing of airbag inflation and rear-seat damage in crashes.
NEW YORK (Reuters) -"Roaring Kitty" Keith Gill, the stock influencer behind the 2021 meme stock frenzy, may be sitting on a paper profit of tens of millions of dollars on his position in GameStop options, but reaping those gains might not be easy. GameStop soared 21% on Monday after Gill’s Reddit account posted a screenshot showing a $116 million bet on the embattled video game retailer. The post, the first from the account in three years, also showed a position of 120,000 GameStop June 21 call options at a strike price of $20, worth $65.7 million at Friday's close.
Three high-flying stocks, which all recently announced stock splits, might come crashing back to reality.
HSINCHU/TAIPEI, Taiwan (Reuters) -Taiwanese contract chipmaker TSMC, whose major clients include Nvidia and Apple, said on Tuesday it had held talks with some customers about moving its chip plants off the island as tensions mounted with China but such a move would be impossible. Tensions between China and Taiwan have increased sharply since Beijing launched war games around the democratically governed island last month following inauguration of Taiwan President Lai Ching-te, who Beijing denounces as a "separatist". "Instability across the Taiwan Straits is indeed a consideration for supply chain, but I want to say that we certainly do not want wars to happen," Taiwan Semiconductor Manufacturing Co (TSMC) Chairman C.C. Wei told reporters after the company's annual general meeting.