The Nasdaq Composite closed at its low of 2022, a day after its worst daily loss since 2020, as stocks attempted to rebound from a technology-led sell-off in April. The tech-heavy index finished little changed at 12,488.93, after being up 1.7% at its highs. The Dow Jones Industrial Average rose […]
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Boeing lost $1.1 billion on Trump Air Force One contract; CEO regrets deal
Boeing disclosed Wednesday that it has lost a whopping $1.1 billion in costs related to its deal with the Trump administration to modify two 747 jumbo jets to serve as Air Force One — and CEO Dave Calhoun admitted the aviation giant “probably” should not have cut the deal in […]
Warren Buffett’s charity lunch auction is back – and it’s your last chance to bid on a meal with the billionaire investor
If you’re looking for an opportunity to break bread with Warren Buffett, this could be your last chance to bend his ear. The 91-year-old billionaire investor is raising money for charity by auctioning off a lunch with himself, reviving an annual tradition after a two-year hiatus due to the Covid-19 […]
Wealthy investors, building cash, shunning tech, aren’t ready to bet big again on bull market’s former leaders
It’s been a tough year to be an investor, and the wealthy are no exception. Losses in both stock and bond markets this year have made portfolio conversations between Wall Street investment advisors and clients more challenging. The most conservative portfolios have done as poorly if not worse than the […]
Real estate inventory plummets in South Florida, but the luxury markets are hotter than ever
This oceanfront mansion in Highland Beach, FL sold for $40 million breaking a local record for the town. Robert Stevens The supply of luxury homes and condos in South Florida isn’t merely tight. It’s worse than that. “This isn’t just a decline in inventory,” said Jonathan Miller, CEO of Miller […]
Nasdaq rebounds Wednesday after touching new 2022 low, but trading is volatile
U.S. stocks rose in volatile trading Wednesday, a day after the Nasdaq Composite posted its worst daily loss since 2020, attempting to rebound from a tech-led sell-off in April. The Nasdaq Composite gained 0.7%, after being down roughly 0.5% earlier in the session and touching a new 2022 low. The […]
Spotify falls 10% on first-quarter earnings despite beat on top and bottom
Omar Marques | LightRocket | Getty Images Shares of Spotify dipped Wednesday after the company reported its first-quarter 2022 earnings. The stock was down 10% in the afternoon amid a tough earnings season for tech stocks. Here are the key numbers: Earnings per share: 21 euro cents vs. an estimated […]
Wealthy investors aren’t convinced big stock market losses mean it’s a buy-the-dip moment
It’s been a tough year to be an investor, and the wealthy are no exception. Losses in both stock and bond markets this year have made portfolio conversations between Wall Street investment advisors and clients more challenging. The most conservative portfolios have done as poorly if not worse than the […]
Nasdaq rebounds 1% Wednesday after touching new 2022 low, but trading is volatile
U.S. stocks rose in volatile trading Wednesday, a day after the Nasdaq Composite posted its worst daily loss since 2020, attempting to rebound from a tech-led sell-off in April. The Nasdaq Composite gained 1%, after being down roughly 0.5% at its lows and touching a new 2022 low. The Dow […]
Biden administration signals a decision on student loan forgiveness could come soon
President Joe Biden delivers remarks on the jobs report for the month of March from the State Dining Room of the White House on April 1, 2022 in Washington, DC. Anna Moneymaker | Getty Images News | Getty Images The tens of millions of Americans saddled with student loans may […]