Investing
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GameStop, FuelCell stocks fall, Tesla, Carvana shares rally and other stocks on the move
Here are some of the bigger stock movers on Thursday. Stock gainers: Tesla Inc.’s stock TSLA, +3.06% jumped nearly 4% in midday trading, to put it on track for a 10th-straight gain, which would be the longest win streak in more than two years. Data out of China showed that the electric vehicle giant delivered…
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Nasdaq opens higher as tech stocks attempt to claw back losses after punishing selloff
U.S. stocks opened mixed on Thursday as richly-valued technoloy stocks attempted to shake off pressure from renewed worries about the outlook for interest rates. What’s happening The S&P 500 SPX, +0.12% gained 3 points, or 0.1%, to 4,270. The Dow Jones Industrial Average DJIA, +0.15% fell by 7 points, or less than 0.1%, to 33,661.…
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Gold prices end at lowest level in more than a week as traders gauge Fed’s rate path
Gold futures declined Wednesday, settling at their lowest in more than a week, as investors awaited further clues on the Federal Reserve’s interest rate path. Price action Gold for August delivery GC00, +0.16% GCQ23, +0.16% fell $23.10, or 1.2%, to settle at $1,958.40 an ounce on Comex after posting back-to-back session gains. Prices settled at…
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Netflix stock rises toward 16-month high as analyst praises path to make more money on ‘borrowers’
Shares of Netflix Inc. jumped toward a fresh 16-month high Wednesday, after J.P. Morgan analyst Doug Anmuth boosted his price target by 24%, amid increased optimism over the opportunity for the streaming video giant to make money on password sharers and borrowers. Anmuth said that, following Netflix’s “Upfront” presentation in mid-May, he had increased confidence…
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As tech companies take over the market again, don’t forget these bargain dividend stocks
If you are an index-fund investor, you’re probably feeling pretty good right now — the S&P 500 has returned 12.1% so far this year, with dividends reinvested, following its 18% decline in 2022. But this is a tech-led rally reversing last year’s pain. The S&P 500 SPX, -0.38% is heavily concentrated, which is wonderful for…
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Turkish lira sinks to fresh low after report state lenders stop defending currency
[]The Turkish lira sank to new lows against the U.S. dollar on Wednesday, as concerns mounted over challenges facing the country’s new finance minister, and after a report that state lenders have stopped selling dollars to defend the currency. []The dollar USDTRY, +0.26% climbed to 23.133 against the lira, a drop of 6.3%. That’s as…
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80% of Gen Xers think they’ll never fully retire — and that may be good news for this group
Members of Generation X may be getting close to retirement age, but they’re apparently not giving it too much thought. Only 19% of those in that cohort, who are now about 43 to 58 years old, think they will ever fully retire in the old-fashioned way that involves leaving their jobs and enjoying their golden…
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U.S. stocks open higher as S&P 500 attempts exit from bear market
U.S. stocks opened higher Wednesday, attempting to extend Tuesday’s rally and push the S&P 500 index to a fresh high, after closing at the highest level since last August, with investors weighing the economic outlook, after data shows U.S. trade deficit widened sharply in April. How are stock-index futures trading? The Dow Jones Industrial Average…
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Medicare Trustees Report for 2023 contained no bad news
This year, with my sidekick Michael Wicklein, I took a more-careful-than-usual look at the Trustees Report for the Medicare program. After all, Medicare–like Social Security — relies on payroll tax revenues, so it’s useful to understand the competing needs. Traditional Medicare is composed of two programs. The first — Part A, Hospital Insurance (HI)–covers inpatient…
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How can community banks compete with industry giants for deposits? Here’s what to know.
If you want to understand how community banking works in the U.S., it is important to know something about the Federal Home Loan Bank system. The FHLBs have gotten more publicity than usual this year because of the roles two of them played in providing short-term financing to four troubled banks. Those include Silvergate Bank…