Reported about 1 month ago
Bilt Rewards' CEO Ankur Jain shares insights on the company’s collaborations with major partners like Wells Fargo and Walgreens, emphasizing Bilt's mission to help Americans save on everyday expenses. He highlights unique benefits, such as earning airline miles for rent payments and rewards for rides with Lyft, all while striving to establish a comprehensive neighborhood loyalty program.
Source: YAHOO
Reported about 1 month ago
Gas prices are projected to hit a national average of $3.27 a gallon this Labor Day, marking a significant decrease from previous years. This drop comes as prices have fallen the most in states like Oregon, Washington, and Arizona. Factors contributing to this decline include lower oil prices, reduced demand, and improved refinery activity, with the potential for prices to fall below $3 a gallon if OPEC increases supply as planned.
Source: YAHOO
Reported about 1 month ago
Ford is recalling 90,736 vehicles, citing potential breakage of engine intake valves during operation, as reported by the National Highway Traffic Safety Administration (NHTSA). The recall affects specific 2021-2022 models including the Bronco, F-150, Edge, Explorer, Lincoln Nautilus, and Lincoln Aviator, all equipped with either a 2.7L or 3.0L Nano EcoBoost engine. The remedy includes free engine cycle testing and necessary replacements by dealers.
Source: YAHOO
Reported about 1 month ago
British insurer Aviva announced it is actively cooperating with local authorities amid allegations of tax evasion practices in its India unit. Reports reveal that the Indian tax agency has identified violations regarding commission limits to sales agents, involving fake invoices and illicit cash payments from 2017 to 2023. Aviva's India business is facing potential penalties of up to $11 million related to these issues, described by the company as part of an industry-wide concern. The insurer asserts that it is addressing the situation and has yet to incur any adverse ruling or penalty.
Source: YAHOO
Reported about 1 month ago
Cathie Wood, the CEO of Ark Investment Management, continues to express her confidence in emerging technology stocks by purchasing a total of $6.6 million in shares from Shopify and DraftKings. Between Monday and Wednesday, Ark acquired 45,662 shares of Shopify valued at approximately $3.3 million and 95,790 shares of DraftKings, also worth around $3.3 million. Both companies have demonstrated significant growth, with Shopify benefitting from strong second-quarter earnings and DraftKings capitalizing on the increasing sports gambling market.
Source: YAHOO
Reported about 1 month ago
As the NFL regular season kicks off on September 5, consumers face a variety of streaming options and costs. Yahoo Finance contributor Ross Mac breaks down the expenses associated with watching every game, including the potential value of subscriptions like the NFL Sunday Ticket.
Source: YAHOO
Reported about 1 month ago
Source: INVESTORS
Reported about 1 month ago
Investing in dividend stocks can provide steady passive income, and three experts from Motley Fool recommend Coca-Cola, Philip Morris International, and Home Depot as excellent choices. Coca-Cola offers strong brand presence and consistent dividends, Philip Morris has successfully transitioned to next-gen products with robust growth, and Home Depot, although currently facing challenges, has a long history of dividend increases and market-beating potential. These stocks are suggested for those looking to hold investments that yield consistent returns over time.
Source: YAHOO
Reported about 1 month ago
Source: WSJ
Reported about 1 month ago
Source: WSJ
Reported about 1 month ago
Three Motley Fool contributors recommend investing in Eli Lilly, Novo Nordisk, and Vertex Pharmaceuticals for September. Eli Lilly's growth is driven by the promising tirzepatide drug, while Novo Nordisk continues to excel in diabetes and weight loss treatments. Vertex Pharmaceuticals stands out for its successful cystic fibrosis therapy and innovative gene-editing treatments. Each of these stocks is considered a strong buy due to their significant growth potential in the healthcare sector.
Source: YAHOO
Reported about 1 month ago
Warren Buffett's Berkshire Hathaway recently increased its stake in Sirius XM by 262%, acquiring over 96 million shares despite the stock's considerable decline in performance. Analysts suggest this move aligns with Buffett's investment philosophy of seeking companies with stable cash flows and competitive advantages. Sirius XM, holding a virtual monopoly in satellite radio with innovations in podcasting, presents potential value amidst investor skepticism and a planned reverse stock split. This might be an opportune time for investors to consider following Buffett's lead in investing in Sirius XM.
Source: YAHOO
Reported about 1 month ago
Conventional wisdom suggests that retirees should delay withdrawing from tax-deferred accounts like 401(k)s or IRAs, but Morningstar's Mark Miller advocates for a different approach. He suggests that retirees could benefit from withdrawing from these accounts first to minimize overall tax liability, particularly to reduce the tax impact on Social Security benefits. By using tax-deferred funds for living expenses or converting to a Roth IRA before claiming Social Security, individuals may lower their taxable income and maximize benefits, challenging traditional strategies for retirement withdrawals.
Source: YAHOO
Reported about 1 month ago
As individuals approach retirement, the decision to switch to Roth contributions or convert existing savings into Roth accounts becomes crucial, especially for a couple in their early 60s with $1.6 million in 401(k)s. While Roth accounts can lead to tax-free withdrawals in retirement, they require paying taxes upfront. The optimal choice largely depends on anticipated tax rates in retirement compared to current rates. Evaluating options with a financial advisor is recommended to determine the best strategy for retirement savings.
Source: YAHOO
Reported about 1 month ago
Inheriting retirement accounts can complicate tax responsibilities, particularly regarding Required Minimum Distributions (RMDs). This article explains that if an account owner has reached their required beginning date and has not taken their RMD in the year of their death, beneficiaries must fulfill that requirement. It outlines how to calculate RMDs using the IRS tables, the implications of failing to take them, and the options available for different beneficiaries, emphasizing the need for financial advice to navigate these complexities effectively.
Source: YAHOO
Reported about 1 month ago
Super Micro Computer's shares plummeted 28.6% after Hindenburg Research released a report alleging poor accounting practices and potential sanctions violations. Following these claims, the company announced a delay in its annual 10-K filing to review its financial controls, heightening investor concerns. Analysts responded by downgrading stock price targets due to uncertainties regarding the company's financial health.
Source: YAHOO
Reported about 1 month ago
Dogecoin, a highly volatile cryptocurrency, currently trades at around $0.10, significantly down from its peak of $0.74. For it to reach $1, analysts suggest that improvements in its utility and a drastic reduction in its abundant supply are essential. Currently, Dogecoin faces challenges due to its limited use and inflationary structure, which could hinder its price growth compared to other cryptocurrencies. Despite a broader market surge, Dogecoin has underperformed, making its potential ascent to $1 seem uncertain.
Source: YAHOO
Reported about 1 month ago
Investors attracted to high dividend yields in stocks like Walgreens Boots Alliance, Altria Group, and Verizon Communications should proceed with caution. Walgreens has recently cut its dividend due to operational struggles, Altria is grappling with declining cigarette volumes despite efforts to diversify, and while Verizon has a strong position in the telecommunications industry, it faces intense competition and financial risks. Overall, high yields often accompany high risks, and investors should look beyond yield to assess the viability of these investments.
Source: YAHOO
Reported about 1 month ago
Investors seeking consistent passive income through dividends should consider stocks with strong characteristics such as low payout ratios, a history of regular dividend increases, and a solid market position. This article highlights six companies—Target, Parker-Hannifin, W.W. Grainger, Tennant, Walmart, and S&P Global—that exemplify these traits, showcasing their capacity for sustainable growth and reliable income generation.
Source: YAHOO
Reported about 1 month ago
Warren Buffett has sold a significant portion of Berkshire Hathaway's Apple shares, motivated by impending tax changes. Despite his sales, several billionaires, including Israel Englander and Ken Griffin, have increased their investments in Apple, recognizing its strong business fundamentals and growth potential in services, particularly with new AI features. Buffett remains optimistic about Apple, maintaining that it is a crucial part of his portfolio.
Source: YAHOO
Reported about 1 month ago
Dogecoin has shown both dramatic gains and losses, boasting a lifetime increase of over 28,000% yet falling more than 80% from its 2021 peak. Although it has a recent gain of 60% for those who bought it a year ago, its extreme volatility and lack of intrinsic value make it a risky investment. Analysts suggest that Dogecoin’s ever-increasing supply and limited adoption hinder its long-term viability as a serious investment, recommending Bitcoin instead as a more stable alternative for crypto exposure.
Source: YAHOO
Reported about 1 month ago
As of August 31, 2024, the average 30-year fixed mortgage rate is 5.93%, remaining below 6% for the entire week. Mortgage rates have seen slight fluctuations; some have increased while others have decreased. With a Federal Reserve meeting approaching, experts anticipate potential drops in rates following the September 18 meeting. Comparatively, while today's rates may seem high relative to past years, they are significantly lower than last year, presenting a potentially opportune moment for home buyers despite previous years offering rates as low as 3%.
Source: YAHOO
Reported about 1 month ago
Recent data shows that the core Personal Consumption Expenditures index has fallen to an annualized rate of 1.8%, trending below the Federal Reserve's 2% target. This decline comes as prices in July rose by 0.2%, aligning with expectations, and suggests a cooling labor market. While immediate implications for monetary policy may be limited, sustained lower inflation could provide the Fed with additional flexibility for future rate cuts.
Source: YAHOO
Reported about 1 month ago
As of August 31, 2024, certificate of deposit (CD) rates are among the highest in over a decade, with rates peaking at 4.70% APY for a one-year term at Marcus by Goldman Sachs. While shorter-term CDs tend to offer better rates, longer-term options are also competitive, ranging from 4% to 4.5% APY. Consider various types of CDs, such as bump-up, no-penalty, and jumbo CDs, to find the best fit for your savings strategy.
Source: YAHOO
Reported about 1 month ago
The WNBA embraced the world of Barbie during a themed game hosted by the Chicago Sky, showcasing a vibrant atmosphere with pink decorations and special events aimed at inspiring young girls. Angel Reese, known as the 'Chi-Town Barbie,' highlighted the significance of the event, stating it was a fantastic opportunity for women’s basketball, especially with numerous young fans dressed in Barbie outfits. The night featured games, discussions on women's leadership, and special souvenirs, reinforcing Barbie's mission of empowering young girls.
Source: YAHOO