Check out the companies making the biggest moves midday: Taiwan Semiconductor — Shares surged 12% after the company, which is the world's largest producer of advanced chips, reported a 54% gain in net profit for the third quarter driven by strong AI-related demand. Shares of chip giants Nvidia and...
Nurphoto | Nurphoto | Getty ImagesLOS ANGELES — Netflix is due to report third-quarter earnings after the closing bell Thursday.Wall Street will be paying close attention to details surrounding the company's advertising-supported business model, upcoming live sporting events and the continued impact of its password crackdown on subscriber numbers.After...
Consumer spending held up in September, underscoring a resilient economy that is now getting a boost from the Federal Reserve, the Commerce Department reported Thursday.Retail sales increased a seasonally adjusted 0.4% on the month, up from the unrevised 0.1% gain in August and better than the 0.3% Dow Jones...
Palo Alto, United States, October 17th, 2024, ChainwireAkord, a web3 platform for securing and managing data, also begins its migration to Walrus ProtocolMysten Labs, the web3 infrastructure company, today announced that following a successful Devnet, Walrus Protocol, a decentralized storage network, has launched its public Testnet. Walrus Protocol stores and...
Travelers Insurance offices in New York City.Adam Jeffery | CNBCTravelers Companies' third-quarter profit beat Wall Street expectations as higher underwriting gains and investment income more than offset steep catastrophe losses, sending shares of the insurer up nearly 7%.Individuals and businesses are spending more on insurance, allowing insurers to attract...
Check out the companies making headlines before the bell. Elevance Health – Shares plummeted more than 10% after the health insurer reported weaker-than-expected third-quarter earnings. In a statement , CEO Gail Boudreaux said the company remains "confident" amid "unprecedented challenges in the Medicaid business." Health care stocks Molina Healthcare...
An image of a semiconductor wafer at the Taiwan Semiconductor Manufacturing Museum of Innovation in Hsinchu, Taiwan, on Jan. 11, 2022.I-Hwa Cheng | Bloomberg | Getty ImagesTaiwan Semiconductor Manufacturing Company on Thursday reported a 54% hike in net profit, as global chipmakers continue to benefit from demand boosted by...
Check out the companies making headlines in extended trading: Discover Financial — Shares inched lower by 1%. The financial services company posted third-quarter results that surpassed expectations, with earnings of $3.69 per share on $4.45 billion of revenue. Analysts polled by LSEG were calling for earnings of $3.42 per...
Gregg Greenberg spent 14 years as a journalist at TheStreet.com where he wrote the highly popular column "The 5 Dumbest Things on Wall Street This Week". His work has appeared in magazines ranging from Glamour to ESPN the Magazine, and on humor sites such as Points in Case.
Nuveen and its parent company TIAA are the latest to bring a target-date series with an annuity component to the market, a pairing that they say can make 401(k)s perform more like traditional pensions. On Tuesday the companies announced that product, a target-date collective investment trust series managed by Nuveen...
The Mega Millions jackpot grew to more than $1.6 billion on Aug. 9, 2023.Justin Sullivan | Getty ImagesThere's finally a winner for the massive Mega Millions jackpot — but the lucky ticketholder may face unexpected pitfalls, experts say.A single ticket sold in Florida matched all six numbers Tuesday night,...
Americans are so worried about Social Security running out of money, they are giving up their full retirement benefits. Only 10% of non-retired Americans plan on waiting until they’re 70 years old to receive the maximum payment from the government, according to the 2023 Schroders U.S. Retirement Survey. This includes...
Many are concerned that a deeply inverted yield curve signals a recession. When we look at the current yield curve, we see an opportunity to add exposure to fixed income. THE YIELD CURVE ISN’T NECESSARILY SIGNALING A RECESSION The most direct implication of inverted yield curve is not a recession, but...
The mantra for real estate investors has always been “location, location, location.” In the post-pandemic property environment, however, financial advisors are also increasingly being forced to choose between “public” and “private.” The iShares US Real Estate ETF (IYR), which tracks publicly traded REITS, has taken a roller coaster ride to...
S&P Global Inc. will no longer publish ESG scores along with its credit ratings, as the company adjusts its approach in response to investor feedback. The update, which took place last Friday, was triggered by expressions of confusion from investors who use S&P’s corporate credit ratings, according to a person...
There’s good news and bad news about the state of retirement savings in 2023 according to a new report from Bank of America. While some Americans are feeling optimistic and have boosted their 401(k) balances, others are struggling and been forced to take hardship withdrawals, depleting their retirement provisions. Average balances...
