Summary: Stocks were beat down for a second day in a broad-based sell off, but tech stocks were hit hardest as investors worry equity prices are too high heading into earnings season. Alcoa beats forecasts. Conway G. Gittens reports.
When Ellen, a 67-year-old retiree, reached out to Suze Orman during her podcast, she had a straightforward yet crucial financial inquiry: "Which bucket do I draw from first?" Ellen, whose Social Security covers most of her daily living expenses, needed guidance on how to use her different types of retirement accounts for additional expenditures like travel. Don't Miss: The recommended retirement savings amount is $550K, but here is why so many Americans are falling short. Reddit user reveals his
(Bloomberg) -- Alibaba Group Holding Ltd. reported a 6.6% rise in revenue after its main e-commerce and cloud businesses managed only modest growth.Most Read from BloombergTrump Vows ‘Day One’ Executive Order Targeting Offshore WindMacron Puts French Banks in Play With Plan to Transform EuropeTesla Rehires Some Supercharger Workers Weeks After Musk’s CutsFive Under-the-Radar Billionaires Making Vast Fortunes in Modi's IndiaChina to Start $138 Billion Bond Sale on Friday to Boost EconomyRevenue f
Investors are not convinced that this cheap stock is safe from the rising effectiveness of artificial intelligence.
(Reuters) -China's Alibaba Group Holding beat analysts' estimates for fourth-quarter revenue on Tuesday, as a focus on low-cost goods in response to cautious consumer spending helped boost domestic e-commerce sales. Consumers in China have been spending carefully after the COVID-19 pandemic amid an economic slowdown and property slump. Alibaba's domestic commerce arm, Taobao and Tmall Group, grew 4% year-over-year with order volume increasing double-digits.
Inflation falling further from here in the near term is a "pipe dream" and rate cuts will continue to be pushed out, Stifel strategists said.
Nearly a dozen high-profile companies have conducted a forward-stock split since the midpoint of 2021. Three prominent, time-tested businesses may be the next stock-split stocks.
These companies are instrumental in the AI boom.
Nvidia stock investors have a trillion reasons to celebrate. But shockingly owners of two S&P 500 utility stocks have done even better this year.
Who said high-yield dividend stocks are too risky?