Author: Press Room
The future of a widely used medication to end pregnancies, the health care options of American women and even the viability of US regulatory approvals for routine drugs are all in question as the Supreme Court deliberates on a critical abortion case ahead of a deadline extended to Friday. Justice Samuel Alito gave the court more time Wednesday, extending a temporary hold on an order by a Texas judge, which would block approval of the mifepristone, and on a subsequent appeals court ruling, which would let the government’s approval of the drug stand but agreed access could be limited. It’s…
Shares of GameStop Corp. Cl A GME, -1.39% shed 1.39% to $21.31 Wednesday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index SPX, -0.01% falling 0.01% to 4,154.52 and Dow Jones Industrial Average DJIA, -0.23% falling 0.23% to 33,897.01. This was the stock’s fourth consecutive day of losses. GameStop Corp. Cl A closed $26.68 short of its 52-week high ($47.99), which the company reached on August 8th. The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Apple Inc. AAPL, +0.70% rose 0.70% to $167.63,…
Some stocks are cheap for a reason and stay that way. But other inexpensive stocks can be good values. Life-insurance shares belong in the latter category: Their finances are sound and the industry has gotten better at risk management.The stocks fell more than 10% in March and trade for an average of 7.5 times projected 2023 earnings, among the market’s lowest valuations. Brighthouse Financial (ticker: BHF) and Jackson Financial (JXN) change hands for less than three times estimated 2023 earnings per share. There are valid reasons for the industry’s depressed valuations, including exposure to commercial real estate, but there are…
I have a brother in law, “Mark,” who is not financially competent and who still lives at home with his parents, despite being in his mid-40s. Mark has in the past lived on his own with a partner, but that relationship ended a number of years ago. Since then he has lived at home and bounced around from one menial-wage job to another. He has little to no savings despite having lived at home for roughly the last 10 years. He also has no credit cards because he ran up large debts, and his parents made him get rid of…
The latest economic data seems to be breaking the Federal Reserve’s way, with cooling of both inflation and the labor market, according to New York Fed President John Williams on Wednesday. In an evening speech to a group of bond-market experts known as the Money Marketeers of New York University, Williams said the most recent data is showing that a “trend of slowing inflation is continuing.” At the same time, there are some indications of a “gradual cooling in the demand for labor.” Both of these factors, if continued, are likely to help bring inflation down. In his remarks, Williams…
© Reuters. FILE PHOTO: A view shows the Tesla logo on the hood of a car in Oslo, Norway November 10, 2022. REUTERS/Victoria Klesty (Corrects typo in lead paragraph) By Blake Brittain (Reuters) – Tesla (NASDAQ:) Inc has settled a lawsuit against one of its former engineers, Alexander Yatskov, whom it accused of stealing trade secrets related to its AI-training supercomputer Dojo, according to a filing on Wednesday in San Francisco federal court. The joint filing said the terms of the settlement were confidential but Yatskov would make a monetary payment to the company. Representatives for both sides did not…
By Winni Zhou and Tom Westbrook SHANGHAI/SINGAPORE (Reuters) – Violet Zhu, a Shanghai-based electronic components exporter, has been attending jewellery auctions and chatting on social media forums on the subject this year, looking to invest in rubies and diamonds. “I don’t have the brain for stock investments, and I am waiting to redeem mutual fund products once they break even. But in the meantime, I have been continuously buying gems,” says Zhu. Zhu says she is searching for oddly-shaped rubies of higher grades, hoping the value of those little gems will surge with time. She is not alone. Jewellery and…
(Reuters) – Chicago Federal Reserve Bank President Austan Goolsbee said on Wednesday that after the failure of two large regional Fed banks last month roiled the financial sector, he is waiting to see “whether there are other credit shoes to drop.” “Not in the crisis sense, but in the how much squeezing is going to be coming up from the bank side,” Goolsbee said in an interview with American Public Media’s Marketplace. “I think it’s going to matter for whether this economy is going to slow down.” Goolsbee last month called for prudence and patience in policy-setting, and in the…
Key Takeaways Netflix Underwhelms With Earnings Layoff Announcements Continue Tesla Earnings After The Close It was a very quiet Tuesday with stocks mostly unchanged. The S&P 500 was up just 0.1% while the Nasdaq Composite was down by a similar amount. Volume was relatively light as investors awaited some of the better known household names to report first quarter earnings. Immediately after the close Tuesday, Netflix NFLX delivered a disappointing report. While revenues increased 3.7%, profits were down 18%. However, after an initial knee-jerk reaction that sent shares sharply lower, the stock rebounded, recouping much of the losses. News that…
Cultural and generational differences can cause friction between you and your parents. At the beginning of my personal finance journey in 2016, the best I could do to help my family was pay for groceries or a few medical bills. Since then, my husband and I have saved $1 million for retirement and become completely debt-free. This affords us the ability to navigate the financial challenges of the “sandwich generation”: supporting aging parents, the next generation and ourselves. If you’re feeling the pressure of caring for aging parents, here are five ways you can start to provide support without putting…
