admin
-
Amazon made earnings look better
Wall Street analysts expected the first quarter to be bad, as investors continue to bite their nails over the prospect of a recession, but after a tidal wave of quarterly financial results from corporate America last week, led by online retail behemoth Amazon.com Inc., there are signs of a little less anguish. Throughout April, Wall…
-
GM Stock Price | General Motors Co. Stock Quote (U.S.: NYSE)
Source
-
Charlie Munger says banks ‘full of’ bad loans on commercial property: report
“‘It’s not nearly as bas as it was in 2008. But trouble happens to banking, just like trouble happens everywhere else. In the good time, you get into bad habits…When bad times come, they lose too much.’” — Charlie Munger, vice chair, Berkshire Hathaway That’s Charlie Munger, the 99-year-old vice chair of Berkshire Hathaway Inc.…
-
Here’s everything new coming to Netflix in May 2023 — and what’s leaving
Netflix is bringing the star power in May. Arnold Schwarzenegger has his first starring role in a TV series in “FUBAR” (May 25), an action/comedy about a father and daughter (Monica Barbaro of “Top Gun: Maverick”) who discover that they each secretly work for the CIA, and must team up for an undercover mission. Meanwhile,…
-
South Korean Exports Fall For Seventh Consecutive Month
By Kwanwoo Jun South Korea’s exports fell, on an on-year basis, for a seventh consecutive month in April on weak global demand, their longest losing streak in more than three years. Exports declined 14.2% from a year earlier to $49.62 billion, following a 13.6% drop in March, according to preliminary data released by the country’s…
-
FDIC said to be reviewing bids for First Republic, announcement expected by Monday morning
U.S. regulators asked banks for their best and final takeover offers for First Republic by Sunday afternoon, in a move that authorities hope will calm markets and cap a period of uncertainty for regional lenders, CNBC reported Saturday. First Republic Bank FRC reportedly received bids from lenders including JPMorgan Chase & Co. JPM and PNC…
-
NEC Corp. shares rise in Tokyo after fiscal-year operating profit surges 29%
NEC Corp. shares rose sharply Monday morning after it posted a 29% increase in fiscal-year operating profit on strong demand for information-technology services and projected further earnings growth. The shares JP:6701 closed the morning session 14% higher at 5,940 yen after rising as much as 16% earlier. The Japanese information-technology… Source
-
‘We grew up poor and financially ignorant’: My children are 14 and 16. Is it too late to save for their college education?
Dear Quentin, My husband, 51, and I, 48, are wracked with guilt over our lack of saving for our children’s college educations. Our kids are aged 14 and 16. We have never been extravagant spenders, always spending frugally (used car, eating in, careful budgeting, delaying buying a house). However,… Source
-
‘I’m in a no-man’s-land’: I’m 75, selling my house and moving overseas. How do I invest the $350,000 from the sale? Where do I move?
Dear Quentin, I’m a 76-year-old retired United States Air Force Officer. I have no dependents. I am considering selling my house and, if I do so, I will net approximately $350,000. I have no no bills, and a credit score of around 830. Between my retirement, disability and Social Security Insurance, I have an annual……
-
Americans’ personal savings just hit $1 trillion. What’s the best place to store your cash — CDs, I-bonds or online savings accounts?
People are cutting back on their spending and putting money aside for a rainy day. That’s according to data from the U.S. Department of Commerce released Friday. The personal savings rate — personal savings as a percentage of disposable personal income — rose to 5.1% in March, up from 4.8% in February. And the personal…