Markets
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I’m 65 with more than $5 million saved and I can’t figure out how to spend it fast enough to avoid an RMD disaster
Got a question about the mechanics of investing, how it fits into your overall financial plan and what strategies can help you make the most out of your money? You can write me at [email protected].  I think I have an uncommon problem. I’m a 65-year-old recently retired education administrator. I think I might have saved…
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PacWest, Western Alliance stocks rally as Hovde Group calls ‘near bottom’ in sector after potential ‘market manipulation’
Regional bank stocks on Friday recovered all or most of their bruising losses from the previous session, as analysts from Hovde Group and JPMorgan Chase & Co. provided support for the sector that’s been quickly losing ground in recent weeks. PacWest Bancorp PACW led the snap-back in regional banks with a whopping 81.7% rise at…
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Kentucky Derby 2023: One exotic betting strategy that could pay off big
This story has been updated to reflect the late scratches of four horses originally set to run in the Kentucky Derby. The Derby is the toughest challenge horse-racing handicappers face. It involves picking among 19 3-year-old horses running 1 ¼ miles for the first time in their lives – the equivalent of choosing winners at…
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Dow ends up more than 500 points, U.S. stocks snap 4-day losing streak after jobs report, Apple earnings
U.S. stocks closed sharply higher Friday, with all three major benchmarks snapping four straight days of losses, after strong jobs data for April, Apple Inc.’s better-than-forecast earnings report and a rebound in shares of regional banks. How stocks traded For the week, the Dow fell 1.2%, the S&P 500 declined 0.8% and the Nasdaq edged…
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U.S. bank deposits edge down in latest week while lending rises
The numbers: Deposits at commercial U.S. banks declined in the week ending April 26, according to a report from the Federal Reserve on Friday. Deposits fell to $17.17 trillion from $17.18 trillion in the prior week, the Fed said. At the same time, lending at commercial banks rose to $12.14 trillion from $12.1 trillion in…
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Why DraftKings CEO Jason Robins isn’t celebrating the company’s big year: ‘I’ll gloat when I’m dead’
Thirteen months ago, the DraftKings Inc. DKNG stock was in a rut. It was down 43% over the previous three months, and down 72% over the previous year. This prompted CEO Jason Robins to fire off an infamous tweet suggesting that people would regret selling the company’s stock. “That was really meant more for my…
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INCY Stock Price | Incyte Corp. Stock Quote (U.S.: Nasdaq)
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Carvana’s stock jumps 25% after narrower quarterly loss for online used-car retailer
Shares of Carvana Co. rallied 25% in the aftermarket Thursday after the online used-car company narrowed a quarterly loss and said it expects to reach positive adjusted EBITDA in the current quarter. Carvana CVNA lost $286 million, or $1.51 a share, in the first quarter, compared with a loss of $506 million, or $2.89 a…
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Expedia is benefiting as gross travel bookings are up online
Travel websites roared back Thursday on soaring gross bookings. Expedia Group Inc.’s EXPE stock initially sagged, then rebounded sharply and is now up 6.5% in extended trading Thursday after the online travel service reported a big jump in quarterly revenue and a 20% increase in gross bookings to $29.4 billion. “The first quarter saw strong……
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QCOM Stock Price | Qualcomm Inc. Stock Quote (U.S.: Nasdaq)
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