A decade ago, Democratic and Republican legislators had elaborate plans to fix Social Security’s increasingly shaky finances. Democrats still do. But Republicans haven’t introduced a single comprehensive solvency bill since 2016. What are they waiting for? Social Security is running out of money. It currently collects less money from workers and employers than it distributes
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JPMorgan Chase (JPM) — Largest U.S bank could take some hefty losses from exposure to Russia. BlackRock (BLK) — World’s largest asset manager, volatility may sap their earnings. Wells Fargo (WFC) — Major bank that’s still down this year but has been aggressively repurchasing its stock. Morgan Stanley (MS) — Has weathered the current volatility
With demand for housing in the U.S. still going strong, the prospect of moving may be daunting. Jacob Passy writes The Big Move column. This week he helps a couple that wants to switch to a home without stairs, but is worried about some tricky aspects of the move. More on paying for a house:
On paper, insurance technology firm Lemonade (NYSE:LMND) helped make insurance coverage relevant to the millennial and Generation Z crowds, delivering an intuitive format and rapid-fire service through its artificial-intelligence-driven platform. Though the convenience factor was dialed up to “11,” it turns out the inner workings of Lemonade were not that sophisticated, resulting in sharp losses
U.S. stock futures were pointing to a second day of gains on Friday, as investors continue to digest the Federal Reserve’s commentary on interest rates with key inflation data looming. What’s happening Futures on the Dow Jones Industrial Average YM00, +0.21% rose 118 points, or 0.3% to 34608. Futures on the S&P 500 ES00, +0.11%
On paper, Amazon (AMZN) appears to be a no-brainer due to “new normal” dynamics. However, inflation continues to be a problem for AMZN stock and other investments. It’s best for prospective buyers to wait out the next few sessions. Source: Tada Images / Shutterstock.com For the first two years of the coronavirus pandemic, Amazon (NASDAQ:AMZN)
Billionaire entrepreneur Peter Thiel on Thursday called billionaire investor Warren Buffett a top “enemy” of bitcoin and part of a “finance gerontocracy” that has held back the cryptocurrency’s adoption. Bitcoin BTCUSD, -0.20% could have a market capitalization that matches the $12 trillion gold market and even the $115 trillion public equity market, Thiel said at
Air Liquide (AIQUY): Global industrial gases giant just clinched new long-term contract deals. Linde (LIN): A $10 billion share repurchase program and high dividend growth boost returns as industrial gas prices soar. Air Products (APD): Buy APD stock for 2.6% yielding dividend and double-digit sales and earnings growth outlook. Source: Peter Hermes Furian / Shutterstock.com
The numbers: New U.S. jobless claims matched a 54-year low of 166,000 in mid-April — the second lowest reading in history— during a period of remarkably strong hiring and the lowest layoffs on record. New filings for unemployment benefits declined by 5,000 from a revised 171,000 in the prior week, the Labor Department said Thursday. The
Coinbase (COIN) stock had a very strong 2021 based on fundamental improvement. Changing landscape makes Q1 ‘22 appear less optimistic. Federal Reserve monetary policy will continue to take its toll on Coinbase throughout 2022. Source: rarrarorro / Shutterstock.com Despite a strong showing in 2021, now is not the time to invest in Coinbase (NASDAQ:COIN) stock.
Days after workers voted to unionize at an Amazon warehouse in New York City, new federal data show more people want votes on the formation of unions at their own workplaces. The number of petitions for union representation jumped 57% in the first half of fiscal 2022 compared with the first half of the 2021
The cycling back into tech stocks has helped to send CrowdStrike (CRWD) stock higher over the past month. There has been another catalyst, related more to its business, that has been a driver as well. Despite concerns this rebound will fade, shares could continue to bounce back. Source: VDB Photos / Shutterstock.com As has been
General Motors Co. and Honda Motor Co. are setting their sights on “affordable” electric vehicles, saying Tuesday they are expanding their collaboration. The EVs would be built on a new architecture and use GM’s battery technology. The goal is to produce “millions” of EVs globally starting in 2027, including compact crossovers, the body style U.S.
Coca-Cola (KO): The iconic beverage maker managed to grow its free cash flow by 30% in 2021. Intuitive Surgical (ISRG): Worldwide da Vinci procedures are increasing due to growth in general surgeries and overseas markets. Mastercard (MA): A reliable fintech stock with a 46% profit margin and 124% return on equity. Source: Shutterstock Wall Street has been
Papa John’s International Inc. announced a deal on Thursday with Sun Holdings, one of the pizza chain’s largest franchising partners, in which Sun Holdings will take control of 90 locations in Texas. It was only a couple of weeks ago that Papa John’s PZZA, +1.25% was making headlines for a franchisee that continues to operate
Oil company executives will be on the hot seat Wednesday at a House subcommittee hearing as U.S. consumers across the country allege gasoline price gouging at the pump, where drivers last month paid record-high prices per gallon for the fuel. The rise in the cost for gasoline came amid a spike in crude-oil prices CLK22,
FuboTV (FUBO) continues to strengthen its board and management FUBO stock is down 80% since November Investors have a tough decision in front of them Source: Lori Butcher/ShutterStock.com FuboTV (NYSE:FUBO) made a couple of announcements in March that show how serious it is about growing its revenues to $1 billion. In the meantime, FUBO stock
The World Health Organization (WHO) has suspended Covid-19 vaccine Covaxin through United Nations supply agencies. The setback is yet another entry in the seemingly never-ending woes for U.S. biotech Ocugen (NASDAQ:OCGN), which hopes to commercialize Covaxin in North America and kick-start a bull run in OCGN stock. Source: Wirestock Creators / Shutterstock.com Following an emergency use
The U.S. home-financing market has been dominated by the 30-year fixed-rate mortgage loan for decades. Now some key players in the U.S. housing market think it is time to give home buyers the option of stretching loans out to 40 years. The lower monthly payments might help some borrowers handle home-price inflation. Then again, it
More than 1,300 doses of Novavax’s (NVAX) Covid-19 vaccine have been given out in New Zealand in just two weeks The New Zealand government has bought 250,000 doses At below $75, aggressive investors ought to be considering NVAX stock Source: vovidzha / Shutterstock.com Slowly but surely, Novavax (NASDAQ:NVAX) seems to be finally delivering on the promise