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Ask an Advisor: I’m 65, earning at my “absolute peak” and not retiring anytime soon. Should I use my Roth IRA for a $30,000 home improvement project? I am 65 years old and have reached my absolute peak earnings. I am also in the 35% tax bracket and am not looking to retire soon. I … Read more
nvidia (NVDA), a giant in data centers and games, in 2023. The chip giant is seen as one of the biggest winners in the AI boom. Is Nvidia Stock A Buy Now, With Dividend Due Soon? X Semiconductors, AI News On August 9, it was financial times It reported that Chinese internet giants are rushing … Read more
It is always risky for an investor to buy or sell shares of a stock right before an earnings report because no one can predict with 100% accuracy how a company will perform, nor is it possible to gauge Wall Street’s reaction to the news. When a company misses earnings estimates, it is sometimes overlooked … Read more
font size Cano reported a net loss in the second quarter of $270.7 million. Stephen Zenner/Getty Images Kanoo Health The stock was falling sharply after the primary care provider issued a warning about its ability to continue as a “continuing business” and said it was pursuing a sale of the company. Citi analysts downgraded Cano … Read more
(Bloomberg) — Alphabet Inc. A welcome new problem, by most accounts – how to spend the rapidly expanding pile of cash. Most Read from Bloomberg The Google owner made nearly $29 billion in cash in the second quarter after cutting thousands of jobs and efforts to stem losses on his various ventures. That left Alphabet … Read more
Stocks recovered from losses on Friday morning as investors continued to assess whether higher inflation measures or signs of declining inflation in July reports were more indicative of the path of interest rates. At around 10:30 a.m. ET, the Dow Jones Industrial Average (^DJI) turned green, up 0.4%, while the S&P 500 (^GSPC) also flipped, … Read more
The Dow Jones Industrial Average briefly fell 100 points on Friday before reversing higher as investors digested the early release of the Labor Department’s Producer Price Index, another closely watched inflation measure. Tech stocks were under early selling pressure, as chip stocks and names based in China weighed on Nasdaq 100 futures. Meanwhile, Cathie Wood’s … Read more
Cathy Wood and Ark Invest continued to sell their products Tesla (TSLA) holdings of shares, dumping more than 76 thousand shares Thursday. Meanwhile, Elon Musk Friday announced new details about his proposed cage match meta (meta) President Mark Zuckerberg. X Cathie Wood’s ARK Investment Management sold 76,425 shares of Tesla Thursday for about $18.75 million, … Read more