What to watch in the markets: Wednesday, Aug 7th
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Yahoo Finance's Myles Udland takes a look at what will be making headlines on Wednesday.
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When I Claim My $4,000 Social Security, Will My Wife Automatically Get a Spousal Benefit?
My wife is 76, born in 1948. She retired at full retirement age and currently collects $1,076 per month. I will be retiring and start collecting at 70 this year (I was born in 1954). When I collect $4,000+ per month does her monthly payment go up to spousal benefit automatically or does it have […] The post When I Claim My $4,000 Social Security, Will My Wife Automatically Get a Spousal Benefit? appeared first on SmartReads by SmartAsset.
SmartAssetPalantir raises 2024 forecast on robust AI demand
Data analytics firm Palantir Technologies raised its annual revenue and profit forecast and beat first-quarter sales estimates on Monday, riding on strong demand for its services that help businesses deploy artificial intelligence applications. The company has emerged as a winner of the generative AI boom thanks to its artificial intelligence platform, which is used to test and debug code and help evaluate AI-related scenarios, among other uses. "AIP is driving a huge part of both our new customers and growth within existing customers and its having a huge impact on our business," chief revenue officer Ryan Taylor told Reuters.
ReutersThe Federal Reserve Just Indicated Social Security Could Get a Bigger 2025 Cost-of-Living Adjustment (COLA) Than Expected
A bigger COLA may sound great, but it has some big drawbacks for retirees too.
Motley Fool$3 trillion could be injected into the U.S. economy without any federal spending by tweaking this corner of the mortgage market, ‘Oracle of Wall Street’ says
"Rarely have I seen such a true win-win scenario for the government, Wall Street and the U.S. consumer."
FortuneElon Musk Says Tesla Is Discussing Licensing Self-Driving Technology With "One Major Automaker." Here's Who I Think It Is and Why I See Tesla Stock as the Better Buy.
During Tesla's first-quarter earnings call, investors learned that the company is exploring licensing opportunities in autonomous driving.
Motley FoolGrant Cardone Slams Biden's Tax Proposal As 'Another Attempt To Destroy Middle-Class America'
Real estate mogul Grant Cardone took aim at the Biden administration's proposed 25% tax on unrealized gains on taxpayers with wealth greater than $100 million, asking his followers on X to imagine the value of their homes or stocks increasing $400,000. "YOU would owe $25,000 without selling," Cardone posted. "Another attempt to destroy middle-class America." The Budget of the United States Government for fiscal 2025 proposes a new minimum tax on income and unrealized capital gains — for the smal
BenzingaLucid stock down on Q1 loss, confirms Gravity SUV on track for 'late 2024' launch
EV maker Lucid reported mixed first quarter results as a wider-than-expected loss trumped the company's confirmation that its Gravity SUV is still on track for a 2024 debut.
Yahoo FinanceSeeking at Least 8% Dividend Yield? Analysts Offer 2 Dividend Stocks to Buy
The last inflation report, which came in worse than expected, had investors worried about the Federal Reserve’s plans for interest rates this year. The central bank held rates steady in its most recent decision, cooling fears that a hike is in the offing. When combined with moderate gains in the Q1 earnings reports, it makes sense that we saw stocks rebounding as confidence in the market was restored. However, according to JPMorgan’s chief market strategist Marko Kolanovic, we’re not out of the
TipRanksDow Jones Futures: AI Stock Palantir Plunges On Earnings; Apple 'Let Loose' Event Next
Dow Jones Futures: AI stock leader Palantir plunged on earnings late Monday, while Apple's "Let Loose" event will take place Tuesday.
Investor's Business DailyBoeing Blew the Whistle on Itself. The Stock Slumped.
The FAA is investigating whether the company completed required inspections and whether staff may have falsified records.
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