STORY: His reasons? "Number one, inflation is receding faster than we expected, so ultimately that could mean the Fed could be easier sooner than we thought. Secondly, China is reopening, and if that growth propels global growth without creating a lot of inflation, that's good for global growth and for earnings. And finally, the European Union didn't fall into a deep dark hole over the winter, because they've had a warmer than normal winter and they've got adequate natural gas. So, those are some things that six months ago looked really dire to us, [but] today don't look as dire."
- Motley Fool
Today, the biggest mover in the cryptocurrency world, by a wide margin, is Gifto (CRYPTO: GFT). This little-known token has surged a whopping 2,593% over the past 24 hours, as of noon ET. Thus, at its current price of $1.60 per token (and with 1 billion tokens in circulation), this project went from a market capitalization of around $30 million to $1.6 billion in a few hours.
The Biden administration’s new stock buyback tax will have little impact on the overall stock market. This tax has set off alarm bells in some corners of Wall Street, on the theory that buybacks were one of the biggest props supporting the past decade’s bull market — and anything weakening that prop could lead to much lower prices. One reason is that the new excise tax — whether 1% or 4% — is applied to net buybacks — repurchases in excess of how many shares the corporation may have issued.
- Motley Fool
This Industry Will Add $200 Trillion to the Economy by 2030, Says Ark Invest -- Here's 1 Stock to Buy if It Does
Artificial intelligence is about to change the world, and this tiny stock could be among the biggest winners.
Anthony Scaramucci says his experience with FTX and ‘sociopathic’ founder SBF was ‘extremely disappointing.’ He’s now investing in a company run by a former exec of the imploded exchange
Scaramucci accused the FTX founder Sam Bankman-Fried of intentionally duping many people, but said he had faith in former FTX exec Brett Harrison.
- The Telegraph
Zoom is to make 1,300 layoffs, letting go of around 15pc of its workforce as the Covid-19 pandemic’s work-from-home culture comes to a crashing halt.
- Motley Fool
While stock splits aren't value-creating vehicles per se, these events can allow more investors access to stocks that otherwise have risen to such steep prices that buying even one or two shares may be out of reach. There were several well-known stock splits that took place in 2022, and the current market environment has discounted some of these companies even further. If you're bargain-hunting for wonderful businesses that fit this bill in the 2023 market environment, here are two recent stock-split stocks that are primed to deliver sustainable growth for investors in the next decade and beyond.
We’re retired and recently lost $100K from our portfolio. Our adviser said ‘we could lose another $100K in 2023.’ Is that crazy?
Have an issue with your financail adviser or looking to hire a new one? Email firstname.lastname@example.org.
According to a recent study by Genworth Financial, the median cost of nursing home care in the United States was $8,910 per month for a private room and $7,800 per month for a semi-private room in 2021. These costs are … Continue reading → The post How to Pay for Nursing Home Care With Social Security appeared first on SmartAsset Blog.
‘Big Short’ hedge funder says he thinks we’re headed for a ‘run-of-the-mill’ recession—but the bigger ‘paradigm shift’ is really on his mind
Steve Eisman says some market paradigms get deeply embedded in people’s minds. “They can’t even imagine, at times, that there could be anything else.”
Canoo , a young electric vehicle manufacturer, just made a big announcement to help pursue its efforts to supply delivery vehicles to WalMart and others. The company, which began testing vehicles late last year with WalMart, raised additional capital on Monday by selling new shares to institutional investors. The new shares were sold to investors at a discount in a direct offering and will net Canoo $52.5 million.
The year 2022 was a nightmare for the shareholders of the upstart electric-vehicle maker Rivian. Rivian went public in November 2021, and the stock then rose as high as $180, which was clearly gold for early shareholders like e-commerce giant Amazon and automaker Ford. This cocktail has complicated Rivian's effort to mass-produce its vehicles.
We’ve seen the markets take a breather recently and that is hardly surprising considering the year-to-date rally. Stocks charged out the gate in 2023 as if in a hurry to consign 2022’s annus horribilis to the history bins. Observing the sharp and abrupt shift in sentiment, BlackRock's bond chief Rick Rieder has called the surge "extraordinary." However, Rieder, who handles around $2.4 trillion in assets, is not quite ready to get the bull outfit on just yet. Given the widespread compression in p
- Business Insider
The new CEO of FTX charged $690,000 for 2 months of work untangling the failed crypto exchange's chaotic finances
The new FTX CEO previously told the court that his fee would be $1,300 an hour to clean up the failed crypto exchange's mess.
- Motley Fool
Bill Ackman runs a concentrated portfolio with four stocks making up over 70%. Lowe's (NYSE: LOW) and Chipotle Mexican Grill (NYSE: CMG) are among his top holdings. *Stock prices used were the afternoon prices of Feb.
- Insider Monkey
In this article, we will discuss the favorite energy and bank stock picks of Jim Cramer. If you want to explore similar stocks, you can go to Jim Cramer’s 5 Favorite Energy and Bank Stock Picks. Jim Cramer is an American television personality, former hedge fund manager, and best-selling author. He is the host of […]
- USA TODAY
Not everyone is required by law to file a tax return. Here's how to know if you have to and why even if you don't have to, you might want to.
- LA Times
George W. Bush's Social Security privatization plan crashed and burned in 2005. Mike Pence wants to revive it, and you'll pay dearly.
- Business Insider
The stock market rally is about to crumble, and investors should expect zero upside for equities through the end of the year, Goldman Sachs says
In a hard landing scenario for the economy, Kostin expects the S&P 500 to fall to 3,150, marking a 24% slide from current levels.
- Motley Fool
Would you like a stock portfolio that generates enough passive income to fuel your retirement dreams? Unlike most areas of the economy, healthcare services are a top priority in good economic times and bad. Here's why investors who buy them now could end up with a big passive income stream that continues growing for the rest of their lives.
I'm over age 72. What can I do about avoiding the required minimum distribution (RMD) tax bite? I have a steady stream of other income. -Bernie Tax-deferred accounts, such as 401(k)s and traditional individual retirement accounts (IRAs), are potentially great … Continue reading → The post Ask an Advisor: I'm Over Age 72. How Do I Avoid the RMD Tax Bite? appeared first on SmartAsset Blog.