Investing
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Americans may have to start working younger and retire older. That might be a good thing.
“The demographic clock is ticking for the West.” China announced earlier this year that for the first time since the 1960s, deaths outnumbered births and its population slipped in 2022 by 850,000 to 1.41 billion. COVID-19 brought this event forward a few years. More fundamentally, the legacy of China’s now-abandoned one-child policy and the high cost of raising…
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This ‘dull’ stock market is just waiting to catch you napping
Should you avoid stocks when trading volume falls? This is a timely question, since we’re entering the summer months in which trading volume typically dries up. If price follows volume, as many technicians contend, then the U.S. stock market’s path of least resistance will be down through the end of August. I wouldn’t bet on…
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Here’s the pain trade Citi sees in U.S. stocks as S&P 500 exceeds its 2023 target
[]The artificial-intelligence craze hasn’t moved Citigroup’s year-end target for the S&P 500, but the bank’s equity analysts are keeping an eye out for what they’ve labeled the “p-AI-n trade.” []That would be the pain trade inflicted by AI enthusiasm or a potential pause or pivot in the Federal Reserve’s interest-rate hiking cycle, according to a…
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Here’s the red flag that says a tech stock selloff could arrive soon, according to Citi
A commonly heard battle cry throughout history has been “hold the line,” which is exactly what the S&P 500 SPX, +0.24% didn’t do following Friday’s monstrous rally, putting a bull market just out of reach again. And stocks are off to a softer start on Tuesday, led by tech. Maybe those bearish Wall Street voices…
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AT&T stock nabs a lukewarm upgrade: ‘We’re not optimists’
A formerly vocal bear on AT&T Inc.’s stock has abandoned that stance, but not with much enthusiasm. “We’re not optimists,” SVB MoffettNathanson analysts led by Craig Moffett wrote in a note to clients. “We don’t see things in Wireless generally, or at AT&T specifically, getting materially better. We do, however, believe that AT&T’s stock price…
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Gold edges higher, on track for back-to-back gains
Gold futures rose Tuesday as investors assessed the outlook for interest rates ahead of next week’s meeting of Federal Reserve policy makers. Price action Gold for August delivery GC00, +0.02% GCQ23, +0.02% rose $5, or 0.3%, to $1,979.30 an ounce on Comex. July silver SIN23, -0.63% gained 10, or 0.4%, to trade at $23.735 an…
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Why another cut to AAA U.S. credit rating could derail the stock-market rally
Two days before the United States faced the possibility of running out of enough cash to pay all its bills, President Joe Biden on Saturday signed legislation that temporarily lifted the nation’s debt ceiling, averting a potentially catastrophic first-ever default by the U.S. However, some investors still remained worried about a potential second U.S. credit…
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Dow falls 200 points as S&P 500 pulls back from 2023 high
[]U.S. stocks ended slightly lower Monday afternoon, after the S&P 500 failed to hold a gain that would have seen it meet the threshold for exiting bear-market territory. []Meanwhile, shares of Apple Inc. AAPL, -0.76% ended the day with a loss, pulling back from a record high scored ahead of a WWDC developer event at…
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No news is not good: Retirees are filling the news hole where local papers have shut down
When the giant publishing chain Gannett shut down its money-losing weekly print newspaper the Brookline Tab last year, I joined many others around the country living within an area with minimal or no local news coverage. Gannett GCI, -11.11% still has an online version here in Brookline, Massachusetts, but it has pivoted to a regional model and…
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Jobs in artificial intelligence: Workers are looking to ride the wave, and employers are hiring
At one time, no one had ever heard of a telegraph operator. An electrician. Auto mechanic. TV producer. X-ray technician. Software developer. Webmaster. Cybersecurity specialist. Advancements in technology have always spawned new kinds of jobs while rendering other ones obsolete. Artificial intelligence will be no exception. Right now, we don’t fully know what those jobs…