Investing

Johnson & Johnson (JNJ (opens in new tab)) spun off its Kenvue (KVUE (opens in new tab)) consumer brands division on Thursday, raising the most cash from an initial public offering (IPO) in more than a year. Johnson & Johnson said it sold 172.8 million shares (opens in new tab) at $22 a pop in… Continue reading Johnson & Johnson Spins Off Kenvue in Biggest IPO Haul Since 2021

Billionaires, like Elon Musk, Bill Gates and Jeff Bezos, spring to mind when talking about the rich and wealthy but surprisingly, although these famous A-listers have personal fortunes worth billions and are the faces behind big names such as Microsoft (MSFT (opens in new tab)), Tesla (TSLA (opens in new tab)) and Twitter, none of… Continue reading The Richest Person in the World Revealed

Last year was bruising for investors across the board. With the S&P 500 down 19%, the Nasdaq lower by 33% and the Bloomberg U.S. Aggregate Bond Index down 13%, there weren’t too many places left to hide in 2022. One of the dominant narratives was the apparent breakdown of the traditional 60/40 portfolio, meaning a… Continue reading 2023 Could Be the Year to Welcome Back the 60/40 Portfolio

Stocks bounced between positive and negative territory in the lead up to this afternoon’s policy statement from the Federal Reserve.  The major indexes moved comfortably higher after the central bank, as expected, lifted interest rates by a quarter of a percentage point, and gave what many considered to be a relatively dovish outlook on future… Continue reading Stock Market Today: Stocks Pop, Then Drop After Fed Rate Hike

The Federal Reserve raised interest rates for a 10th consecutive time on Wednesday, but this might be the last rate hike of the cycle. A change in the central bank’s policy statement suggested that it could at long last pause its tightening campaign at the next Fed meeting. The central bank’s rate-setting group, known as… Continue reading Fed Lifts Interest Rates Yet Again: What the Experts Are Saying

Advanced Micro Devices (AMD (opens in new tab), $82.43) stock sold off sharply Wednesday in response to the chipmaker’s first-quarter earnings report, which it disclosed after the previous session’s closing bell. AMD said adjusted Q1 earnings were down 47% year-over-year to 60 cents per share, while revenue declined 9% to $5.35 billion. Gross margin declined… Continue reading Advanced Micro Devices Stock Sinks as PC Chip Sales Slump

On Monday, stocks took in stride news of the latest bank failure thanks to a quick takeover of First Republic Bank by JPMorgan Chase (JPM (opens in new tab), -1.6%). But today, with the Fed on the cusp of another interest rate hike, investors fretted that more chaos could be in store for the beaten-down… Continue reading Stock Market Today: Stocks Slide Ahead of Fed Announcement

Stocks were choppy to start the new month amid reports that regulators seized First Republic Bank (FRC (opens in new tab)) over the weekend and that JPMorgan Chase (JPM (opens in new tab)) will buy the majority of the embattled regional lender’s operations. While the news had a positive effect on JPM’s share price, not… Continue reading Stock Market Today: Stocks Struggle After JPMorgan Buys First Republic