The stock market’s early-year rally continued to stall this week, with the Dow logging its third-straight losing week while the S&P 500 capped off two-straight losing weeks for the first time this year. Underneath the surface, retail investors continue to buy with enthusiasm, as data from VandaTrack published Thursday showed …
Read More »Bank of America warns ‘no landing’ scenario could clobber stocks later this year
The U.S. economy could be headed for a “no landing” scenario thanks to the hot labor market, but that might not be good news for the stock market, according to Bank of America analysts. In an analyst note published Friday, Bank of America chief economist Michael Hartnett predicted a “no …
Read More »How Bed Bath & Beyond sidestepped bankruptcy… for now
Bed Bath & Beyond continues to evade bankruptcy, after implementing a series of financial moves, including raising $1 billion through preferred stocks and closing all its store locations in Canada. People walk past a Bed Bath & Beyond store on Oct. 1, 2021, in the Tribeca neighborhood in New York …
Read More »Musk Shuts Two of Three Twitter India Offices, Sends Staff Home
(Bloomberg) — Twitter Inc. has shut two of its three India offices and told its staff to work from home, underscoring Elon Musk’s mission to slash costs and get the struggling social media service in the black. Most Read from Bloomberg Twitter, which fired more than 90% of its roughly …
Read More »5 Steps to Retiring With $5 Million
Even though $5 million is a significant sum, having a nest egg that size for retirement still requires that it be handled in a prudent manner. Here are several ways to make sure that such an amount covers your wants as well as needs after you’ve stopped the 9-to-5 routine. …
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