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
What Is a Market Maker?
If you’ve ever idly wondered who was on the other side of your most recent stock or options transaction, the answer is reassuringly dull: It was most likely a professional market maker whose full-time job is to be the anonymous investor on the other end of your every trade. But what is a market maker?… Continue reading What Is a Market Maker?
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
Bitcoin is finally trading like ‘digital gold’ – but only because nobody cares about crypto anymore
The price of Bitcoin is as stable as it’s been for five years, according to one gauge. That’s largely because nobody is trading the token anymore. Investors fled crypto after a nightmarish 2022 – and bitcoin’s still way below its $69,000 record. Loading Something is loading. Thanks for signing up! Access your favorite topics in… Continue reading Bitcoin is finally trading like ‘digital gold’ – but only because nobody cares about crypto anymore
FP Answers: What happens if someone does not follow the terms of a will or trust?
If you can’t prove any misconduct, you could be responsible for all related legal costs Published Aug 04, 2023 • Last updated 17 hours ago • 2 minute read Courts can punish trustees who breach their duties, but every estate is different and executors/trustees communicate differently with beneficiaries. Photo by Getty Images/iStockphoto By Julie Cazzin with… Continue reading FP Answers: What happens if someone does not follow the terms of a will or trust?
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