Secure Your Books
Let’s get ready to rumble. The Federal Reserve and investors appear to be locked in what one veteran market watcher has described as an epic game of “chicken.” What Fed Chair Jerome Powell says Wednesday could determine the winner. Here’s the conflict. Fed policy makers have steadily insisted that the fed-funds rate, now at 4.25% … Read more
Investors have faced a conundrum in valuing companies that benefited from the Covid-19 pandemic. Pfizer’s (PFE) partnership with BioNTech (BNTX) in creating a vaccine, plus its antiviral, Paxlovid, materially boosted earnings and its balance sheet over the last two years. The market has already rightfully been discounting waning Covid-related sales, which is embedded in PFE’s … Read more
Text size Julius Baer of Zurich increased its stake in Intel in the fourth quarter. David Paul Morris/Bloomberg A big Swiss bank made a call in chip stocks, and loaded up on media and entertainment shares. Julius Baer of Zurich bought up Intel (ticker: INTC), Walt Disney (DIS), and AT&T (T) stock, and sold the … Read more
Bed Bath & Beyond Inc. said it doesn’t have the funds to repay its banks after they determined the retailer has defaulted on its credit lines. The home-goods chain said Thursday it received a notice of default from JPMorgan Chase & Co. on Wednesday. The banks are calling for an immediate repayment of all outstanding … Read more
Text size Tesla stock is controversial and will remain so for years. Brandon Bell/Getty Images A big Tesla bull-bear debate just went down, but most of the ground covered was old news. Investors should be asking different questions about the industry and how Tesla can keep growing. Friday afternoon, The Wall Street Journal hosted the Tesla … Read more
Microsoft (MSFT) – Get Free Report shares rose in pre-market trading Wednesday amid investor enthusiasm over the software titan’s announcement that it will slash 10,000 jobs, about 5% of its workforce. CNBC commentator and Street.com founder Jim Cramer said that stock appreciation was unjustified, and investors apparently agreed. They sent the stock below Tuesday’s close just … Read more
I recently made a panic decision to withdraw all my money from one retirement account and I am now closing on a house in February (about $200,000). I am 36 years old, married and have a 1-year-old. Half of me is regretting it, and I’m worried about next year’s taxes due to the withdrawal and … Read more
Famed investor Cathie Wood, chief executive of Ark Investment Management, continued to bulk up on one of her darling stocks Jan. 13 — Tesla (TSLA) – Get Free Report. That company, of course, is the dominant electric vehicle maker in the U.S., run by controversial entrepreneur Elon Musk. Ark Innovation ETF (ARKK) – Get Free … Read more
Tesla has become the world reference in the niche of electric vehicles. The firm and its whimsical and visionary CEO Elon Musk have become symbols of the decline in CO2 emissions from the automotive sector. The automaker currently produces more than 1.37 million electric vehicles a year, digging a huge pit with its competitors. It … Read more
Updated at 9:15 am EST UnitedHealth Group (UNH) – Get Free Report posted better-than-expected fourth quarter earnings Friday, powered once again by double-digit revenue gains from its Optum division, and confirmed its full-year profit forecasts. UnitedHealth said adjusted profits for the three months ended in September came in at $5.34 a share, up 19% from the … Read more