Rising costs, reduced pay leave Uber and Lyft drivers frustrated across metro Detroit
Hundreds of Uber and Lyft drivers are struggling to keep up as their profits are shrinking while gas prices and other expenses are soaring.
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FortuneThe 3 best countries to get a ‘golden visa’ and how to get one
Americans have been snatching up second passports in Europe as a way to escape political unrest. Here's how you can join them.
- TipRanks
Jim Cramer Says Earnings Estimate Cuts Will Form an Investable Bottom; Here Are 3 ‘Strong Buy’ Stocks That Are Already Down 50%
As we move toward the end of Q2, it’s time to start thinking about earnings. Looking back at the quarter, analysts are predicting earnings growth of 8%, which may rise to 11% heading into next year. It’s a rosy picture, but it’s also not a sure thing. GDP contracted in Q1, by nearly 1.5%, and some estimates are showing 0% growth in Q2. Such results would meet the technical definition of a recession – and recession is hardly the usual environment to find robust earnings growth. Looking at current
- Motley Fool
If You've Got $5,000, Buying These 5 Top Stocks Right Now Would Be a Genius Move
Bear markets aren't uncommon; they occur once every three and a half years. Because of this, wise investors should be looking for great values to pick up during a market panic. Alphabet (NASDAQ: GOOG) is the parent company of Google and YouTube, among others.
- MoneyWise
Jim Rogers warns of the ‘worst bear market’ in his lifetime – these are the 2 ‘least dangerous’ assets to own today
Rogers knows a thing or two about making money in turbulent times.
- Business Insider
Russia and China are brewing up a challenge to dollar dominance by creating a new reserve currency
The new BRICS basket-based currency would challenge the US dollar-dominated IMF's basket and allow Russia to widen its sphere of influence.
- Motley Fool
Suze Orman Says to Ignore the Stock Market and Focus on This Instead
At this point, it's fair to say the stock market is having a pretty miserable year. Major indexes like the Nasdaq and S&P 500 are down substantially since the start of 2022, and many investors are seeing major losses when they log into their brokerage accounts. Instead, they should look at another factor that's more likely to impact their finances -- interest rates.
- Motley Fool
Nasdaq Bear Market: 4 Magnificent Growth Stocks You'll Regret Not Buying on the Dip
These rapidly growing companies are begging to be bought following a peak decline of 34% for the Nasdaq.
- Motley Fool
Took Out a HELOC Last Year? Suze Orman Has These Words of Warning
There's a reason so many homeowners have borrowed money via a HELOC, or home equity line of credit, over the past year or so. A HELOC differs from a traditional loan in that you don't necessarily borrow the full sum you're eligible for at once. Rather, with a HELOC, you get access to a line of credit you can draw from as needed within a specified time frame -- usually five to 10 years.
- Motley Fool
Ready to Get Rich in the Stock Market? 5 Investments You Can't Go Wrong With
"Can't go wrong" is a serious standard, but a few solid companies really do rise to the meaning of the phrase.
- Motley Fool
Warren Buffett Just Bought 8 New Stocks: Here's the Best of the Bunch
Four times a year, investors are treated to the recent investment decisions of Warren Buffett, CEO of Berkshire Hathaway. Berkshire's most recent quarterly filing came on May 16 and showed that it had purchased eight new stocks: Occidental Petroleum, HP (NYSE: HPQ), Citigroup, Paramount Global (NASDAQ: PARA), Celanese, McKessen, Markel (NYSE: MKL), and Ally Financial (NYSE: ALLY).
- GOBankingRates
Tesla Competitor Polestar Starts Trading on Nasdaq Today — Should You Buy Stock?
Swedish electric vehicle company Polestar -- founded by Volvo and Zhejiang Geely Holding -- is starting trading on the Nasdaq today, June 24, following a special purpose acquisition company merger....
- MarketWatch
The stock market’s return will be minus 3.3% a year over the next decade, says this ‘single greatest predictor’
This month we’ve received both good and bad news from the “single greatest predictor of future stock market returns.” It is a contrarian indicator, with higher equity allocations associated with lower subsequent market returns, and vice versa. According to a simple econometric model I constructed that bases its predictions on the historical correlation between the indicator and the stock market, the S&P 500’s real total return over the next decade will be minus 3.3% annualized.
- MarketWatch
Intel wins latest race in chip uses for the cloud, says KeyBanc Capital Markets
Chip giant Intel Corp. is leading growth in cloud technology, according to new research from KeyBanc Capital Markets. Intel Corp. (INTC) is the winner in KeyBanc’s latest monthly data tracking server processors used for “cloud instances” or services available via a public cloud. The research, which was released Thursday, focus on newer processor architectures, such as Intel’s Ice Lake.
- Business Insider
Warren Buffett will likely acquire Occidental Petroleum once its credit situation improves after already plowing nearly $20 billion into the company, Truist says
Buffett built a massive stake in Occidental Petroleum over the past three years, having first purchased $10 billion worth of preferred stock in 2019.
- Motley Fool
Ethereum Below $1,200: The Simplest Reason to Buy Now
At its peak, Ethereum (CRYPTO: ETH) had a market cap of just under $550 billion. Today, Bitcoin (CRYPTO: BTC) and Ethereum combined have a market cap of less than $550 billion. Here's a simple explanation of why Ethereum could be a good buy now, and a better investment than Bitcoin for some investors.
- Zacks
Embraer (ERJ) Arm to Supply Up to 40 eVTOLs to Fahari Aviation
Embraer S.A.'s (ERJ) subsidiary, Eve UAM, LLC (EVE), signs a Letter of Intent with Fahari Aviation for supplying up to 40 eVTOLs.
- MoneyWise
Warren Buffett bought about $2.5 billion worth of Citigroup. If you're looking for a low-risk approach to 'buy the dip,' this big banking bet is worth copying
Buffett dumped some banks to buy Citi. And it's still cheap.
- Motley Fool
If You Invested $10,000 in Moderna 2 Years Ago, This Is How Much You Would Have Today
Moderna (NASDAQ: MRNA) was one of the best stocks to own last year as it brought its COVID-19 vaccine to market and generated billions in revenue. The company, which was a bit of an unknown before the pandemic began, has quickly risen in popularity.
- Barrons.com
EV Newcomer Polestar Stock Has a Big and Wild First Trading Day
The merger of the special-purpose acquisition company Gores Guggenheim and the electric-vehicle company coming from Volvo is done.
- South China Morning Post
Hong Kong billionaire Henry Cheng's family aims to take control of apparel retailer Giordano
An investment vehicle owned by the family of billionaire Henry Cheng Kar-shun, Hong Kong's third-richest individual, is seeking to take control of one of the city's biggest apparel retailers in a deal worth as much as HK$2.56 billion (US$326 million). The family's offshore unit, Clear Prosper Global, offered to buy 75.4 per cent of Giordano International it does not already own for HK$1.88 per share, according to an exchange filing late on Thursday. The offer includes HK$34 million worth of outs