Keyword: investments
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You read the Journal. You follow the stonks. And now you're wondering how you'll possibly manage to get through four years of a Kamala Harris administration without going bankrupt. Well, never fear, for the Bee is here. Forget whatever you read in The White Coat Investor and Millionaire Next Door — we've spent literal minutes of our time to thoroughly investigate the markets nowadays and here are our top picks. You're welcome. Meme futures: Don't let anyone know you heard this from us, but they're going to the moon. SKIBIDI TOILET BUY BUY BUY!!! Red hot pokers for your...
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U.S. stock futures tumbled Monday as part of a global market sell-off centered around U.S. recession fears. Japan’s Nikkei 225 plunged 12% in its worst day since the 1987 Black Monday crash for Wall Street. Here’s where U.S. stock market futures stand at the moment: * Dow Jones Industrial Average futures dropped 633 points or 1.6% following a 611-point loss on Friday. * S&P 500 futures are down 2.6% after the benchmark lost 1.8% on Friday. * Nasdaq-100 futures lost 4% as big tech stocks got hit hard in early trading.
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Shares of Rivian Automotive Inc. fell 4% in the extended session Tuesday after the EV maker posted mixed quarterly results, reporting a wider-than-expected loss but revenue above Wall Street’s expectations. Rivian RIVN lost $1.45 billion, or $1.48 a share, in the first quarter, compared with a loss of $1.35 billion, or $1.45 a share, in the year-ago quarter.
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The proposal, released last month, notes that the administration wants to increase the top marginal rate on long-term capital gains dividends up to 44.6 percent, which would make the tax rate exceed 50 percent in states like California, New Jersey, New York and others. Two separate proposals would need to pass in the final 2025 budget for the 44.6 percent figure to come to fruition. 'Biden has proposed adding a second Death Tax (separate from and in addition to the existing Death Tax) by taking away stepped-up basis when parents die. This would result in a mandatory capital gains tax...
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Meta Platforms, Inc. Class A Common Stock is expected* to report earnings on 04/24/2024 after market close. The report will be for the fiscal Quarter ending Mar 2024. According to Zacks Investment Research, based on 14 analysts' forecasts, the consensus EPS forecast for the quarter is $4.32. The reported EPS for the same quarter last year was $2.64.
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The International Monetary Fund on Wednesday turned its spotlight on the growing U.S. fiscal deficit, warning that it is now a risk to both the domestic economy and global economy. Loose U.S. fiscal policy could be a factor in making it “harder to achieve” the “last mile” of progress on bringing domestic inflation back to the Fed’s 2% target, the IMF said, in its latest report on global fiscal policy.
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The numbers: The New York Fed’s Empire State business-conditions index, a gauge of manufacturing activity in the state, fell 18.5 points in March to negative 20.9, the regional bank said Friday. The drop was much larger than expected. Economists had expected a negative 6 reading, according to a survey by the Wall Street Journal. Any reading below zero indicates deteriorating conditions. This is the third straight reading negative reading for the Empire State index and the fifth in the past six months. Key details: The index for new orders fell 10.9 points to negative 17.2 in March. This is a...
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Housing Starts details: Housing starts 1.331M vs 1.460M estimate Housing starts change for January -14.8% vs -4.3% prior Housing starts represents a slight decrease of 0.7% from the January 2023 rate of 1,340,000, with a margin of error of ±11.7%. Single-family housing starts in January were at a rate of 1,004,000, marking a 4.7% decrease from the revised December figure of 1,054,000, with a margin of error of ±11.6%. The rate for units in buildings with five units or more was 314,000 in January
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Lael Brainard: 'People are fed up with high prices,' especially for 'things that they buy on a weekly basis, groceries in particular' A top Biden economic adviser on Thursday pressed on with the administration's recent effort to go after grocery stores and food companies over elevated prices, as inflation remains a major worry for voters as November's presidential election nears. "Grocery prices, they are important to people because they pay those prices every week," said Lael Brainard, director of President Joe Biden's National Economic Council, during a news conference at a National Association for Business Economics event in Washington, D.C....
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Industrial production edged down 0.1 percent in January after recording no change in December. In January, manufacturing output declined 0.5 percent and mining output fell 2.3 percent; winter weather contributed to the declines in both sectors. The index for utilities jumped 6.0 percent, as demand for heating surged following a move from unusually mild temperatures in December to unusually cold temperatures in January. At 102.6 percent of its 2017 average, total industrial production in January was identical to its year-earlier level. Capacity utilization for the industrial sector moved down 0.2 percentage point in January to 78.5 percent, a rate that...
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KEY POINTS Advance retail sales declined 0.8% for January, down from a 0.4% gain in December and worse than the estimate for a 0.3% drop. Sales at building materials and garden stores were especially weak, sliding 4.1%. Miscellaneous store sales fell 3% and motor vehicle parts and retailers saw a 1.7% decrease. Also, initial claims for unemployment insurance totaled 212,000 for the week ended Feb. 10, a decline of 8,000 from the previous week’s upwardly revised total and below the estimate for 220,000.
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