Have you recently inherited an asset from a loved one? Retirement Daily’s Robert Powell caught up with Jeffrey Levine, CPA and tax pro from Buckingham Strategic Wealth Partners, to discuss the tax consequences. TurboTax Live experts look out for you. Expert help your way: get help as you go, or hand your taxes off. You… Continue reading Inheriting an Asset? How to Reconstruct Cost Basis
Microsoft misses quarterly revenue estimates on stronger dollar
Shares fell about 1% in trading after the bell Author of the article: Microsoft Corp.’s stock has lost about 25 per cent this year. Photo by REUTERS/Lucy Nicholson/File Photo Microsoft Corp. missed estimates for quarterly revenue on Tuesday, hurt by a stronger dollar, slowing sales of PCs and lower advertisement spending. Advertisement 2 This advertisement… Continue reading Microsoft misses quarterly revenue estimates on stronger dollar
Financial Post columnist among 2022 inductees to Canada’s Investment Industry Hall of Fame
Tom Bradley, who has written a column for the Financial Post since 2017, is one of three investing industry veterans being honoured Financial Post columnist Tom Bradley. Photo by STEADYHAND Tom Bradley, the co-founder of Steadyhand Investment Funds and a former head of Phillips, Hager & North Investment Management Ltd., is being inducted into Canada’s… Continue reading Financial Post columnist among 2022 inductees to Canada’s Investment Industry Hall of Fame
Stock Market Today: Walmart Inflation Woes Give Stocks a Scare | Kiplinger
Stock Market Today The nation’s largest retailer cut its second-quarter and full-year profit forecasts, citing higher fuel and food prices.A profit warning from the nation’s largest retailer ahead of a busy stretch of corporate earnings sent stocks lower at the start of Tuesday’s trading, and the selling continued as the session wore on. Late Monday,… Continue reading Stock Market Today: Walmart Inflation Woes Give Stocks a Scare | Kiplinger
Stocks have rallied on rate hikes in 2022, but history suggests another reactionary spike is unlikely, says investment firm
The S&P 500 has picked up more than 3% since the Fed’s June meeting, at which it raised rates by 75 basis points. But the broad-market index could see a muted gain, if any, after Wednesday’s Fed meeting, said Bespoke Investment Group. Investors widely expect the Fed to hike rates by another 75 basis points. … Continue reading Stocks have rallied on rate hikes in 2022, but history suggests another reactionary spike is unlikely, says investment firm
US stocks tumble as earnings add to worries about the economy ahead of more Fed rate hikes
US stocks ended lower Tuesday as Walmart’s earnings warning added to growing alarms about the economy. The world’s largest retailer cut its profit forecast, citing high inflation and changing consumer habits. Oil prices reversed lower as recession fears weighed on prospects for demand. Loading Something is loading. US stocks closed lower Tuesday, extending losses from… Continue reading US stocks tumble as earnings add to worries about the economy ahead of more Fed rate hikes
Lumber prices fall 7% as new-home sales plunge to a 2-year low – and one economist sees further downside ahead
Lumber prices fell 7% on Tuesday as new home sales registered an 8% decline in June, hitting its lowest level in two years.Lumber prices have fallen 28% from their July high as the housing market continues to slow due to higher mortgage rates.”We think there is more downside to go in housing,” LPL’s chief economist… Continue reading Lumber prices fall 7% as new-home sales plunge to a 2-year low – and one economist sees further downside ahead
The recent stock-market recovery is likely just a bear market rally, and ‘significant risks’ lie ahead says Morgan Stanley exec
The recent uptick in stocks is just a bear-market rally and unsustainable, a Morgan Stanley exec said. The outlook for equities is still damp, given that many investors and banks think a recession is inevitable. A previous Morgan Stanley note forecasted a 20% S&P 500 sell-off amid serious worries about the market’s future. Loading Something… Continue reading The recent stock-market recovery is likely just a bear market rally, and ‘significant risks’ lie ahead says Morgan Stanley exec
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