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I’m in my 60s and mentored Gen Z students from NYU. This is what we taught each other.
Why mentoring in unretirement is great for you and young adults
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3 de julho de 2024
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Most people earning $100K or more are making this huge 401(k) mistake
For high earners, saving up to your company match isn’t going to be good enough to replace the income you’ll need later on.
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Cathie Wood’s ETFs sell Tesla’s stock for the first time in 9 months
The sale comes after Tesla’s stock closed Tuesday at a six-month high after strong second-quarter deliveries data.
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U.S. factory orders drop in May after three straight gains
Orders for manufactured goods fell 0.5% in May, the Commerce Department said Wednesday. It is the first decline after three straight monthly increases.
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Businesses show biggest contraction since pandemic, ISM finds. The economy may be weakening.
Service-oriented companies such as hotels, banks and retailers that dominate the economy contracted in June for the second time in three months in another sign growth in the U.S. is slowing.
3 de julho de 2024
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JPMorgan’s top strategist Marko Kolanovic is leaving after missing stocks’ historic rally
Chief market strategist Marko Kolanovic is departing JPMorgan Chase & Co. following a 19-year stretch with the bank, according to a source from within the investment bank who shared details from two internal memos with MarketWatch on Wednesday.
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Open Text to cut 1,200 jobs as part of cost-saving plan
Open Text’s stock rallied Wednesday, after the enterprise-software company disclosed that it was cutting 1,200 jobs as part of a “business optimization” plan aimed at saving about $200 million a year.
3 de julho de 2024
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Hurricane Beryl puts focus on oil with climate change likely to intensify storms
Even though Hurricane Beryl is predicted to miss most of the offshore oil rigs in the Gulf of Mexico, the U.S. energy industry is on high alert over climate change and the risk of more frequent, more intense storms posing a growing challenge for the market in the future.
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Ford’s EV sales surge, fueled by strength in F-150 Lightning electric trucks
Ford reported second-quarter U.S. electric-vehicle sales Wednesday that rose sharply from a year ago, boosted by strength in sales of its F-150 Lightning electric trucks.
3 de julho de 2024
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Tesla’s stock is on a huge run. Here’s why one bear isn’t buying the ‘euphoria.’
Guggenheim is concerned that Tesla price cuts “pulled forward” demand, which could create challenges for the future.
3 de julho de 2024
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Quest Diagnostics to acquire Canada’s LifeLabs for about $985 million, including debt
Quest Diagnostics Inc. said Wednesday it has entered a definitive agreement with pension fund OMERS to acquire LifeLabs, a Canadian provider of community laboratory services, for about C$1.35 billion ($985 million), including net debt.
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Is it possible to get a 5% mortgage rate? Yes, but here’s the catch.
Mortgage rates are hovering just below 7%, but there are ways for home buyers to get much lower rates.
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Cyberattack slams brakes on U.S. auto sales in June, but setback seen as temporary
Sales of new cars and trucks in the U.S. fell in June to a five-month low — and criminal computer hackers are largely to blame.
3 de julho de 2024
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Nvidia client Northern Data’s stock cools after spike on report of possible U.S. IPO
Shares of Germany’s Northern Data fell 8% on Wednesday, one day after a surge on a report it may list its cloud computing and data center business in the U.S.
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U.S. trade deficit jumps in May to highest level in 19 months
The U.S. international trade deficit widened 0.8% in May to $75.1 billion, the Commerce Department said Wednesday. It is the largest deficit since October 2022.
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Koss surges as meme-stock chatter again swirls around the headphone maker
Shares of Koss Corp. were surging 18.4% in premarket trades Wednesday as the headphone maker resumed its rally amid a resurgence of interest in meme stocks.
3 de julho de 2024
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Jobless claims — aka layoffs — rise to 238,000 and stay near one-year high
Three states, New York, New Jersey and California, accounted for most of the increase
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ADP says 150,000 private-sector jobs created in June, smallest gain in five months
U.S. businesses add a modest 150,000 new jobs in June, paycheck company ADP said, to mark the smallest increase in five months, possibly another sign the labor market is cooling.
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Hedge fund selling of tech stocks has limited potential for crash, JPMorgan says
Hedge funds in June sold off tech stocks at their fastest rate on record. This sell-off has limited the potential for a crash, JPMorgan said.
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Charter’s stock is down 20% this year — but Citi sees new reason to sell
Citi just downgraded Charter’s stock, warning that estimates could be too high.
