Markets have rallied on the back of strong earnings, good macroeconomic data, and bullish sentiment. But it’s easy to get swept up in blind optimism, and investors need to proceed with caution. Goldman Sachs compiled the 22 best investing ideas from its US analysts, regardless of sector. Investors have cheered lower inflation, signals that the… Continue reading Goldman Sachs: These are the 24 best stocks to buy now as the market rally stretches valuations higher
Embattled activist investor Carl Icahn’s firm plunges 30% after halving shareholders’ payouts
Shares in Carl Icahn’s firm Icahn Enterprises plunged 30% Friday. Those losses came after it said it would halve the amount it pays out to shareholders. The activist investor came under fire from famed short-seller Hindenburg Research earlier this year. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized… Continue reading Embattled activist investor Carl Icahn’s firm plunges 30% after halving shareholders’ payouts
Mortgage payments are 19% more expensive than last year as home prices continue surging, Redfin says
Mortgage payments are 19% more expensive than last year, Redfin data shows. The typical homebuyer’s monthly mortgage payment was $2,605 during July. That’s largely due to surging home prices and higher mortgage rates, which have raised the cost of borrowing. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized… Continue reading Mortgage payments are 19% more expensive than last year as home prices continue surging, Redfin says
Jeff Bezos is $11 billion richer after Amazon’s earnings smash expectations
Jeff Bezos got $11 billion richer after Amazon’s stock surged at the opening bell. Shares jumped 9% after the tech giant posted a stellar earnings report. Bezos’ personal fortune had already ballooned $47 billion year-to-date, per data from Bloomberg. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed… Continue reading Jeff Bezos is $11 billion richer after Amazon’s earnings smash expectations
Warren Buffett is struggling to find bargains, Berkshire Hathaway’s 2nd-quarter earnings show
Warren Buffett found few bargains in the second quarter, Berkshire Hathaway’s earnings show. The investor’s company sold a net $8 billion of stock, and spent only $1.4 billion on buybacks. Berkshire’s cash pile grew by 13% to a near-record $147 billion as a result. Loading Something is loading. Thanks for signing up! Access your favorite… Continue reading Warren Buffett is struggling to find bargains, Berkshire Hathaway’s 2nd-quarter earnings show
More firms on Wall Street are bracing for a stock sell-off. Here’s why JPMorgan, Wells Fargo, and others say the market’s huge gains are at risk.
Some Wall Street analysts are sounding the alarm for a coming sell-off in stocks. That comes as the S&P 500 enjoys its best year since 1927, gaining 18% from January. But a closer look at inflation and the hype for AI shows a grim outlook, experts say. Loading Something is loading. Thanks for signing up!… Continue reading More firms on Wall Street are bracing for a stock sell-off. Here’s why JPMorgan, Wells Fargo, and others say the market’s huge gains are at risk.
Ex-Treasury chief Larry Summers says it’s still too early to declare victory on inflation
Former Treasury Secretary Larry Summers said the jobs data suggests inflation could see a rebound. July’s jobs report showed an unexpected drop in the unemployment rate and a gain in average hourly earnings. “If you look at wage inflation, it was faster for the month than for the quarter, faster for the quarter than for… Continue reading Ex-Treasury chief Larry Summers says it’s still too early to declare victory on inflation
A 27-year-old investor who’s building a retirement portfolio of $2 million in 8 years shares the 3 index funds he’s betting on, including one with an over 500% return in the last 10 years
Austin Hankwitz is challenging himself to build a $2 million portfolio in eight years. A big part of his retirement accounts holds Index funds. They are spread across overall exposure, technology, and growth stocks. Austin Hankwitz plans to have $2 million in his investment portfolio in the next eight years. At least, that’s what he’s… Continue reading A 27-year-old investor who’s building a retirement portfolio of $2 million in 8 years shares the 3 index funds he’s betting on, including one with an over 500% return in the last 10 years
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