Western Digital Stock Nabs Bull Note After Merger
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16Oct
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16Oct
2 SPX Levels to Watch Now That Pessimism Has Peaked
“… I think if we are on the verge of an unwind of pessimism, immediate overhead technical resistance levels, such as 4,330, or...
16Oct
Investors need to plan for likelihood that worst is yet to come
The floor of the New York Stock Exchange.Spencer Platt | Getty ImagesAugust and September are historically the worst months for stocks. That was the case this year, as the S&P 500 index fell 6.5% over that span.Much of the time, however, the rest of the year can provide a...
16Oct
PFE, LULU, SCHW and more
Check out the companies making headlines before the bell. Pfizer , Moderna , BioNTech — Shares of Pfizer dropped 1.3% after the company slashed its full-year revenue guidance by $9 billion, noting waning demand for its Covid treatment and vaccine. Following the guidance cut, Jefferies upgraded Pfizer on Monday,...
16Oct
Rite Aid files for bankruptcy amid slowing sales, opioid litigation
A Rite Aid store stands in Brooklyn on August 28, 2023 in New York City.Spencer Platt | Getty ImagesRite Aid filed for Chapter 11 bankruptcy protection in New Jersey on Sunday and said it would begin restructuring to significantly reduce its debt.The company said it reached a deal with...
16Oct
NAIFA, FSP to merge to create ‘more impactful’ industry body
Two organizations representing financial services professionals are to merge into one association after their members voted in favor. The overwhelming support means that the National Association of Insurance and Financial Advisors will join with the Society of Financial Service Professionals to create a more impactful organization that will provide expanded...
16Oct
RBC Wealth adds $450M wirehouse team in Philadelphia
A team of six has moved to the RBC Wealth Management branch in Philadelphia having managed $450 million in client assets at Morgan Stanley. The DeCaro Eisenberg Wealth Management Group comprises four financial advisors and two client associates and follows several big value defections in recent months including another team...
16Oct
Retiring at 50 would be nice, but there’s a financial goal that easily beats it
Gen Z and Millennials are used to the ‘on demand’ culture of today’s America, and they would rather not wait for retirement either. These young Americans would like to retire when they are 50 and are willing to sacrifice some pleasures today for the tomorrow they want, according to a...
16Oct
Markets weak as US and allies try to calm Middle East tensions
European stocks and US equity futures fluctuated while Treasuries dropped as traders tracked efforts by the US and its allies to prevent further escalation of the Israel-Hamas conflict. Technology stocks led declines in Europe’s Stoxx 600 index after Bloomberg reported that the US is considering further restrictions to curb China’s...
16Oct
As year-end approaches, maybe the ‘year of the bond’ will be 2024?
The tagline from Wall Street was that 2023 was the year of the bond. Instead, fund managers are coming to terms with one of the toughest years ever. Lacy Hunt, Hoisington Investment Management Co.’s 81-year-old chief economist, who’s been analyzing markets, Federal Reserve policy and the economy for around a half-century, says it’s...