A senior couple talks about 401(k) withdrawals and a retirement financial plan. Congress could soon change how couples access their retirement accounts. A pair of Democratic bills recently introduced in the House and Senate require the consent of both spouses before either can make any withdrawal from 401(k) accounts. The bills, sponsored by Rep. Lauren … Read more
US stocks were part of a global sell-off on Tuesday as a week full of retail began to show continued consumer resilience in the United States, but China painted a bleak picture for the world’s second-largest economy. The Dow Jones Industrial Average (^DJI) fell 1% as banking stocks fell amid the prospect of stricter supervision. … Read more
font size 2023 VinFast VF9. Courtesy of VinFast Investors still relish the appetite for electric vehicle startups backed by SPACs. Just look at the amazing debut of VinFast. The Vietnamese electric car maker began life on Tuesday as a Nasdaq-listed company thereafter Close Its merger with SPAC Acquisition of black spade (Stock ticker: BSAQ). With … Read more
Internet service company in Southeast Asia Sea Ltd. (SE) on Tuesday after reporting second-quarter revenue that missed analyst estimates. SE stock was down more than 29% at midday. The Singapore-based company reported earnings of 54 cents per share for the quarter ended in June on revenue of $3.1 billion. However, analysts polled by FactSet expected … Read more
Shares of Discover Financial fell 9% on Tuesday after the Riverwoods-Ill. Roger Hochschild will be stepping down as effective CEO with immediate effect. The company said after markets closed Monday that John Owen, a board member and former chief financial officer for Regions, will serve as interim CEO and president. Discover will work with a … Read more
font size Campus of Johnson & Johnson in Irvine, California. Mario Tama/Getty Images It is a difficult time for investors Johnson & Johnson who need to decide soon about participating in it J&J’s $40 billion exchange offer To participate in Kinfu And J&J’s consumer health business went public in May. The offer expires on Friday, … Read more
on hold (Onon), the parent company behind Swiss shoemaker On Run, released its second-quarter results early Tuesday. ONON stock rose 101% in 2023 prior to the report on consistent sales records. X On current earnings Backed by tennis champion Roger Federer, the Switzerland-based performance shoe maker is a rising star in the industry. Sales increased … Read more
Home Depot stock fell in pre-market trading after its second-quarter earnings as investors looked forward to a more optimistic note from the usually solid retailer. Home Depot (HD) posted a slight edge in its second-quarter earnings report on Tuesday before the market opened up as consumers I spent less On expensive discretionary items and they … Read more
(Bloomberg) — European stocks fell in light trade, as China’s central bank’s decision to cut its key interest rate unexpectedly failed to reassure markets about the country’s economic outlook, while UK blue chips underperformed after record UK wage growth. . Most Read from Bloomberg The Stoxx Europe 600 was down 0.6% at 8:53 am in … Read more
Michael Bury.Astrid Butars/Getty Images Michael Berry placed bearish bets against the S&P 500 and Nasdaq-100 in the most recent quarter. The “Big Short” investor also sold his stakes in Alibaba, First Republic, and many other stocks. Burry’s Scion Fund is loaded with mining, shipping and energy stocks in this period. Michael Perry placed bearish bets … Read more