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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
A couple looks at their retirement plan while sitting in their kitchen. One of the most important retirement decisions is choosing how much you want to withdraw from your savings. You need to take just enough to meet your spending needs, but not so much that you end up running out of money. While there … Read more
(Reuters) – Nvidia shares rose more than 3% in hefty volume on Tuesday after two brokerages raised their price targets for the chipmaker, adding to already high expectations ahead of its quarterly earnings report next week. The world’s most valuable semiconductor company has been at the center of a rebound in technology stocks this year, … 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
The CEO of Home Depot (HD) raised concerns about the economy after issuing a cautious outlook. The home improvement retailer posted a slight profit edge on Tuesday before the market opened up as consumers I spent less On expensive discretionary items such as appliances. In general, consumers seem to be less interested in home renovations … Read more
US stock futures fell before the open on Tuesday as a week full of retail began to show continued consumer resilience in the United States, while China painted a bleak picture for the world’s second largest economy. Futures on the Dow Jones Industrial Average (^DJI) fell 0.8%, while the S&P 500 (^GSPC) lost about the … Read more
font size Home Depot reported second-quarter earnings that beat analyst estimates. Justin Sullivan/Getty Images Stock futures pointed lower on Tuesday as an increase in bond yields and growing concerns about the Chinese economy weighed on investor sentiment. Wall Street ended the previous session with gains, led by the best day in two weeks for technology … Read more