Tesla CEO Elon Musk views the new Tesla Model Y at its unveiling in Hawthorne, California on March 14, 2019. Frederic J. Brown | AFP | Getty Images Check out the companies making headlines in midday trading: Netflix — Netflix fell more than 3% after two more Wall Street analysts joined […]
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Jeff Bezos would pay $9 billion a year in wealth taxes under Bernie Sanders’ plan
Amazon CEO Jeff Bezos announces Blue Moon, a lunar landing vehicle for the Moon, during a Blue Origin event in Washington, DC, May 9, 2019. Saul Loeb | AFP | Getty Images Jeff Bezos would pay about $9 billion in taxes this year under Sen. Bernie Sanders’ proposed wealth tax. As […]
This could be ‘dry powder’ for the markets, money manager says
Stocks are in search of their next catalyst, holding just 1% below records. There’s a trillion-dollar market mover in the making, says Bill Stone, chief investment officer at Avalon Investment. “We’re at about $3.4 trillion in money market assets. Put in that perspective, we got up to $3.9 trillion during […]
There’s a theory retiring baby boomers cashing out will cause a ‘dark period’ for the stock market
Getty Images Jefferies analysts on Monday resurfaced an old economic theory that an impending wave of baby boomer retirements could trigger a unified move to liquidate equity holdings. Such a mass exodus, so the theory goes, could entrench the stock market in a “dark period” for years until younger generations […]
Nike traders bet the athleisure stock will climb 8% in the next month
Nike could be ready to run. That is, at least, a popular prediction among options traders, who bet heavily on a bullish scenario for Nike’s stock following the sportswear giant’s earnings report scheduled for after Tuesday’s closing bell. While the move on earnings was expected to be roughly in line […]
Consumer confidence falls sharply in September
Carol Cardoni, of Norwood, packs her car after shopping at The Big Y grocery store on Walpole Street in Norwood, MA on Aug. 1, 2019. Jonathan Wiggs | Boston Globe | Getty Images U.S. consumer confidence slipped in September to 133.5 from 134.2 in August, the Conference Board said on […]
Here are the biggest analyst calls of the day: Apple, Netflix, Disney, Snap, Wynn & more
Robert Iger, Chief Executive Officer of Disney, poses in “Star Wars: Galaxy’s Edge” during a media preview event at Disneyland Park in Anaheim, California, May 29, 2019. Mario Anzuoni | Reuters Here are the biggest calls on Wall Street on Tuesday: RBC raised its price target on Alphabet to $1,500 […]
Millennials are bullish on Roth IRAs. Many wish they started earlier
Saving for retirement in your 20s? For many, that’s a back-burner priority. Anyone who’s already making paycheck contributions to a 401(k) plan might also think they’re doing more than enough. And given your starter salary, student debt loans and credit card debt, contributing to an individual retirement account might seem […]
Bernie Sanders tries to outdo Elizabeth Warren with tougher wealth tax proposal
Democratic presidential candidate Sen. Bernie Sanders (I-VT) (R) and Sen. Elizabeth Warren (D-MA) greet each other at the start of the Democratic Presidential Debate at the Fox Theatre July 30, 2019 in Detroit, Michigan. Justin Sullivan | Getty Images News | Getty Images Sen. Bernie Sanders unveiled a tax on […]
Puerto Rico, rattled by earthquakes, braces for flooding and landslides from Karen
Forecasters said Tropical Depression Karen would unleash heavy rains across the northeastern Caribbean on Tuesday that could cause flooding and landslides in Puerto Rico and nearby islands. As the storm approached, Puerto Ricans were trying to compose themselves after being shaken from their beds late Monday by a magnitude-6.0 earthquake […]