In May, a little over 51 million retired workers took home an average Social Security benefit of $1,916.63, which works out to about $23,000 on an annualized basis. While Social Security payouts aren’t going to make anyone rich, they’ve historically played a key role in laying a financial foundation for America’s aging workforce. According to […]
(Bloomberg) — Michael Dell’s wealth tumbled the most in a single day after the computer company he founded posted results that disappointed investors. Most Read from Bloomberg Dell’s net worth dropped $14.8 billion to $104.1 billion on Friday as shares of Dell Technologies Inc. fell as much as 23% in New York — the most […]
(Bloomberg) — US equity futures dropped as this month’s rally stalled amid a lack of catalysts. Treasury yields and the dollar rose. Most Read from Bloomberg Contracts on the tech-heavy Nasdaq 100 fell 0.5% and those on the S&P 500 also slipped. Shopify Inc. shares tumbled 19% in early trading after the e-commerce company said […]
BTC, ETH nurse losses after weak demand for Hong Kong ETFs. The six ETFs registered a first-day trading volume of just $11 million. Bitcoin {{BTC}} faced selling pressure during European hours after data showed poor uptake for Hong Kong’s newly listed exchange-traded funds tied to bitcoin and ether. The leading cryptocurrency by market value fell […]
Inside Look stories give Star-Telegram subscribers exclusive sneak peeks and behind-the-scenes reporting. Story suggestion? Editors@star-telegram.com. Cowtown chic and Tex-Mex spice defines this new downtown Fort Worth restaurant. On a summer-like Thursday night, a gaggle of media and influencers gathered for a tasting at West + Stone inside the Sheraton Downtown Fort Worth Hotel. As guests […]
Markets guru Jesse Felder expects stocks to disappoint and a recession to set in this year.Peter Zelei Images/Getty Images Nvidia is in a bubble, stocks will falter, and a recession will hit this year, Jesse Felder said. The markets guru said the microchip frenzy would fade, and stock-market returns would drop off. Prepare for slower […]
(Bloomberg) — Health insurance stocks fell sharply Monday in late trading after US regulators didn’t boost payments for private Medicare plans like the industry had come to expect. Most Read from Bloomberg The decision by the administration of President Joe Biden to hold firm on proposed Medicare Advantage rates for 2025 shows a break with […]
(Bloomberg) — Europe’s stock benchmark retreated from near a record high amid disappointing earnings from some of the region’s biggest companies. Most Read from Bloomberg The Stoxx Europe 600 gauge slipped 0.3%, still about four points from its January 2022 peak. Banks were among the leading decliners as HSBC Holdings Plc tumbled more than 6% […]
Getty Images An earnings miss from Nvidia could send stocks tumbling 5% to 10%, according to one macro strategist. He says investors have bought prior dips, but that trend could soon be exhausted. “If something goes wrong there, I just feel this cascading sell-off,” Peter Tchir told Bloomberg. The stock market has a lot ridding […]
Time is ticking to take advantage of the best Presidents’ Day deals. Most of the best sales end tonight, so you only have a few more hours to take advantage of major markdowns. If you only have time to shop one sale, make it the Macy’s Presidents’ Day sale. Right now, products from top brands […]
By Mimosa Spencer PARIS (Reuters) -Shares in L’Oreal fell 7.5% in early trading on Friday after the French cosmetics company reported fourth quarter sales growth that fell short of market expectations, reflecting a disappointing performance in Asia. L’Oreal reported a 6.9% rise in fourth quarter sales after the market closed on Thursday, slower growth than […]
(Reuters) – DuPont De Nemours said on Wednesday that it expects to report a fourth-quarter loss compared to a year-ago profit, sending its shares down 12% before the bell. The multi-industrial chemical company expects to report a loss from continuing operations in between 220 million and $370 million, compared to a reported profit of $105 […]