What do you know this week
The last full week of August will bring two major events for investors - Nvidia (NVDA) earnings and the Federal Reserve's annual conference call in Jackson Hole.The Jackson Hole Economic Symposium will kick off Thursday, with Fed Chair Jay Powell's
Goldman Sachs suggests buying these two stocks now for growth
Conventional wisdom suggests that an American recession is imminent, either during the second half of this year or the first half of the following year. But how much should we attribute it? While there are economic headwinds, we
We’re in our mid 50’s and have $2 million in our 401(k)s. Should we focus on Roth’s contributions?
Ask a Consultant: We're in our mid-50's and have $2 million in our 401(k). Should we focus on Roth's contributions?We are a dual income couple in our mid 50's with over $2 million in our 401(k)s. Should we
Warren Buffett’s favorite homemaker: Dr. Horton
Warren Buffett's Berkshire Hathaway now owns approximately $5.7 million Shares of the largest housing construction company In the US, Dr. Horton, despite rising mortgage rates and other industry headwinds."Buffett's diving into select homebuilders like Dr. Horton makes sense from a
A weaker yuan has turned Hong Kong into a haven as mainland China’s rally sends banks, insurance policies and the US dollar soaring.
The Chinese yuan has weakened this year to near its lowest level since October, and many mainlanders are rushing to Hong Kong for safety in soaring yields. Bank depositsand insurance and investment products and the US currency.Xi was from Beijing
The famous Italian dealmaker and CEO of Piaggio Colaninno passes away
Written by Crispan PalmerROME (Reuters) - Entrepreneur Roberto Colagno, chairman and CEO of scooter maker Piaggio and one of Italy's best-known dealmakers, has died, investment firm IMMSI said on Saturday.He turned 80 last week. No cause of death was
The CEO’s big break came when she left her consulting business without a plan — she says losing $100,000 is “too cheap” to pursue your dreams
Mette Lykke's CEO's first step to wild success didn't involve anything as thoughtful as a business plan or a problem she wanted to solve. It was more racist."It started with the decision to quit smoking and build something," Lakey
My retirement savings have been wiped out. How can I recoup recent investment losses that I had “late in the game?”
Ask a Consultant: I'm 81, have a $118,000 mortgage, and a $110,000 IRA. Should I withdraw from my investment to make mortgage payments?My retirement savings have been wiped out in market changes over the past two years. I
The boom in frontier cities is reorganizing the freight market
Photo: Jim Allen - FreightWavesweek chart: Outgoing Bid Market Share - Laredo, Phoenix, McAllen, Ontario sonar: OTMS.LRD, OTMS.PHX, OTMS.MFE, OTMS.ONTTruckload demand outside the Texas frontier markets of Laredo and McAllen has nearly doubled since 2018. Phoenix has seen a similar
Tough week for REITs amid more cuts and Fed talks
One of the most difficult parts of investing is deciding what to do when the companies you own are doing well but stock prices reflect a different scenario. Wall Street often looks ahead, so it's quick to react to
Consumers have spent all of their excess savings from the pandemic. JPMorgan says this is just one reason why stocks are poised to drop
Cavan Images / Getty ImagesAccording to JPMorgan, American consumers have spent all of their excess savings from the pandemic.The bank highlighted consumer weakness as one of the reasons stocks are poised to continue lower."Even with a strong job market, US
Over twenty options to earn 5.50% or more
We may have lost a passing national leader earlier this week, but your list of opportunities to earn an elite CD rate is still going strong. A whopping 27 certifications in our daily ranking of the best CDs nationwide
Old Dominion is bidding $1.5 billion on the Yellow stations
Old Dominion beats Estes' offering of Yellow stations. (Photo: Jim Allen/Free Waves)Old Dominion Freight Line, which has less than a truckload, has entered into a $1.5 billion bid for Yellow Corp.'s terminals. The new show Bid price exceeds
The Chinese economy is faltering. Here’s how its problems can spill over into global markets.
China's economy is faltering, and experts warn its problems could affect global growth and business.Lintao Zhang/Getty StaffThe Chinese economy is facing headwinds ranging from property market instability to weak consumer demand.Experts told Insider that the deteriorating scenario in China does
Warren Buffett, Michael Berry and other big investors revealed interesting portfolio changes this week. Here are 4 major trades.
Warren Buffett.Kevin LaMarque/ReutersWarren Buffett, Michael Berry, and others made amazing changes to their portfolios last quarter.Buffett's Berkshire Hathaway invested in homebuilders, while Perry established short-term positions.Companies associated with Dan Loeb, David Tepper, and Stanley Druckenmiller have acquired Nvidia shares.Warren Buffett,
Maker of $400 golf putter set to end week at under $4 IPO price after first filing
(Bloomberg) -- Sacks Parente Golf ended its first week of trading lower, just days after it made its best initial public offering (IPO) debut on a U.S. stock exchange this year.Most Read from BloombergShares fell 20% on Friday, the third
Bank of America says $1 trillion in high-yield debt accumulated in the past five years is about to have a ‘day of reckoning’
Photo by DON EMMERT/AFP/Getty ImagesBank of America has warned that about $1 trillion in private debt is heading into potential trouble.Most of this debt was created by companies with a lower investment rating through high-yield loans or bonds.About $400 billion
More Americans are now 401(k) millionaires
More people could retire as millionaires.The number of people with $1 million or more saved in their 401(k) accounts jumped 10% from April to the end of June, according to Fidelity Investments. There was also a 13% share of
Help me understand math. How does donating to charity reduce my taxes?
Ask an advisor: help me understand math. How does donating to charity reduce my taxes?If you give $50,000 in cash to charity, does that reduce your adjusted gross taxable income (AGI) by $50,000? So if my adjusted gross
Is it really enough to be considered middle class in these American cities?
Single family homes with skyscrapers in the background.The middle class has long been considered the backbone of the American economy. But the American middle class is shrinking. The percentage of adults living in middle-income households in the United
Is your retirement income above average in America?
Smart Established: What is the average retirement income?I wonder how your retirement savings Stack up other Americans' nest eggs? Or will your income in your post-work years be enough to keep you afloat? It's only natural to be
I am over 72. How do I avoid the RMD tax sting?
Stephen Jarvis, Certified Public AccountantI am over 72 years old. What can I do about avoiding the required minimum distribution tax (RMD)? I have a steady stream of other income.BernieDeferred tax accounts, like 401(k)s and traditional Individual Retirement