Despite a downbeat August, the S&P 500 index is still boasting impressive year-to-date gains. The benchmark stock-market gauge is up over 17% so far in 2023, and one expert sees it climbing even higher. Morgan Stanley’s Andrew Slimmon sees the S&P 500 nearing 5,000 by year-end – what would be an 11% rise. Loading Something… Continue reading The S&P 500 could rally another 11% by year-end, Morgan Stanley Investment Management’s Andrew Slimmon says
Second-quarter earnings recap: Here’s what Wall Street is saying about this quarter’s winners and losers, and where the market goes from here
Second-quarter earnings season is concluding, giving analysts new data to direct their investments. Morgan Stanley, RBC, and Bank of America recently broke down earnings themes they saw. Tech and consumer discretionary were the winners, while energy and health care enjoyed big pops. The second-quarter earnings season is quickly coming to an end, and it’s time… Continue reading Second-quarter earnings recap: Here’s what Wall Street is saying about this quarter’s winners and losers, and where the market goes from here
A pretzel-shop worker committed a $1 million fraud to buy Tesla, GameStop, and Nvidia shares – and ended up making $7,000 for his broker, SEC says
A fast-food worker obtained $200,000 of advance credit by making bogus deposits, the SEC says. The Auntie Anne’s employee piled the entire sum into Tesla, Nvidia, GameStop, AMC, and other stocks. His broker caught on and liquidated the holdings a day later, making a roughly $7,000 profit. Loading Something is loading. Thanks for signing up!… Continue reading A pretzel-shop worker committed a $1 million fraud to buy Tesla, GameStop, and Nvidia shares – and ended up making $7,000 for his broker, SEC says
Designing a new financial strategy while already entering retirement
Couple is on track to have just enough investment income to provide for their desired lifestyle Published Aug 30, 2023 • Last updated 1 hour ago • 5 minute read It’s important for people about to retire to be clear about their expenses. Photo by Gigi Suhanic/National Post photo illustration By Mary Teresa Bitti One of… Continue reading Designing a new financial strategy while already entering retirement
Stock Market Today: Stocks Rise for Third Straight Day; Bitcoin Pops on SEC News
Stocks closed higher Tuesday as investors cheered some bad-news-is-good-news jobs data. Sentiment also got a lift from an outsized rally in tech stocks that was fueled by declining Treasury yields and a round of bargain hunting. Shortly after the opening bell rang, the Bureau of Labor Statistics said job openings fell by 338,000 in… Continue reading Stock Market Today: Stocks Rise for Third Straight Day; Bitcoin Pops on SEC News
AT&T, Verizon Dividends Look Safe, Analyst Says
Shares of AT&T (T) and Verizon Communications (VZ) sport two of the highest dividend yields in the S&P 500, and that’s making some equity income investors increasingly nervous. The reason being that the dividend yields on these telecommunications stocks are unusually elevated because their share prices are in the dumps. Recall that stock prices and… Continue reading AT&T, Verizon Dividends Look Safe, Analyst Says
One jarring chart shows just how empty remote work will leave office buildings
As remote work remains popular, office buildings will become increasingly empty. Goldman Sachs estimated vacant office space will jump by 267 million square feet over the next decade and beyond. Office leases will see a big ramp-up in expirations starting in 2030, a note said. Loading Something is loading. Thanks for signing up! Access your… Continue reading One jarring chart shows just how empty remote work will leave office buildings
Homes are so expensive in the US that 38% of young buyers say they were only able to break into the market with help from their family
A Redfin survey found 38% of under-30 homebuyers relied on financial help from family to afford a down payment. That came in the form of a cash gift or an inheritance, the survey said. First-time homeownership has become increasingly expensive, keeping more young people sidelined. Loading Something is loading. Thanks for signing up! Access your… Continue reading Homes are so expensive in the US that 38% of young buyers say they were only able to break into the market with help from their family
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