Author: Press Room
Sleep can make you wealthier. That’s because of the stock market’s historical tendency to make most of its daily move overnight, between the closing and opening bell.To illustrate how this night-vs.-day pattern works, consider the U.S. stock market’s performance on a recent Tuesday in March. Most of that day’s gain came between the market close on Monday and the Tuesday open. The table below shows the returns for large-cap and small-cap stocks. Though the big move in the right-most column were what the headlines reported, the actual returns during Tuesday’s session were far less impressive. Index Return from market close…
My mother is 80, unmarried, and owns two homes on one lot in Berkeley, Calif. The property consists of one single-family home and one cottage. She lives in one and rents the other. She has never really worked and has no savings. She rents one of the houses and lives in the other, getting by with the rental income and nominal Social Security of approximately $1,500 a month. Due to expensive repairs needed during the last year, she now has no cash reserves, and she’d like to fix that. She would ideally like to tap into some of the equity in…
President Biden’s Environmental Protection Agency is proposing tighter rules to limit emissions of harmful mercury and other pollutants from coal-fired electric power plants, officials announced Wednesday. If passed, the updates would be the first regulatory tightening of its kind imposed in more than a decade and would roll back looser emissions and pollutant standards advanced late in former President Donald Trump’s administration. The EPA proposal, after a comment period, would go into effect next year. The EPA’s latest moves follow a legal finding by the agency earlier this year that determined regulating toxic emissions under the Clean Air Act is…
© Reuters. FILE PHOTO: Traffic passes a Samsung Electronics Co digital billboard in the Times Square area of Manhattan in New York City, U.S. March 2, 2023. REUTERS/Chris Helgren By Joyce Lee and Heekyong Yang SEOUL (Reuters) – Samsung Electronics (OTC:) Co Ltd said on Friday it would make a “meaningful” cut to chip production, following the lead of smaller rivals, as it grapples with a sharp global downturn in semiconductor demand that has sent prices plummeting. The unusual output cut by the world’s biggest memory chipmaker – with no previous announcement recalled by Samsung (KS:) officials and analysts -…
By Sabrina Valle HOUSTON (Reuters) -Exxon Mobil Corp’s Low Carbon business has the potential to generate hundreds of billions of dollars in revenue and outperform the company’s traditional oil and gas as soon as a decade from now, CEO Darren Woods said. The largest U.S. oil producer on Tuesday laid out to investors the aims of its emerging energy transition strategy in a meeting with Wall Street. Exxon is tackling what should be a multi-trillion market in 10 years or more, Woods said. The result will be an Exxon less prone to commodity price swings through predictable, long-term contracts with…
By Ambar Warrick Investing.com — Most Asian currencies kept to a tight range on Thursday amid caution ahead of key Chinese economic data, while easing fears of a banking crisis spurred sharp gains in Treasury yields and a recovery in the dollar. The dollar rose in overnight trade, and firmed slightly in the Asian session as easing pressure on the banking sector saw markets reassess their outlook on in the near-term. The and rose less than 0.1% each, after adding 0.2% in overnight trade. The was flat as investors digested a slew of signals on Asia’s largest economy. Premier Li…
By Andrea Shalal WASHINGTON (Reuters) – International Monetary Fund chief Kristalina Georgieva said she told China’s new top economic official, Li Qiang, that China must accelerate its work to reach debt restructuring agreements for countries like Zambia, Ghana and Ethiopia. Georgieva, who met with Li and other top Chinese officials during a visit to China last month, said on Thursday that she found Li very approachable and pragmatic, and he assured her that he wants China to play a constructive role in resolving debt relief cases. “The truth is, and I was … very straightforward on that, it takes far…
Many investors and some traders may remember the stock market performance in the last quarter of 2018. Before the 1st quarter of 2020 “the last quarter of 2018 ranks as the 11th worst quarterly performance for global stocks over the last 48 years”. On December 10th, 2018, the bullish % according to the American Association of Individual Investors dropped to 20.9% which was the lowest reading since February 2016. Some analysts were looking for a recession in 2019 as the Dow Industrials December 2018 decline of 8.7% was the worst since 1931. The stock market in 2018 rallied after Christmas…
Marcia S. Wagner, Esq., President/Founder of The Wagner Law Group in Boston, is one of the nation’s most notable ERISA attorneys. She founded The Wagner Law Group over 25 years ago after a decade of practicing employee benefits law. She graduated summa cum laude and Phi Beta Kappa from Cornell University and is a graduate of the Harvard Law School. Wagner is one of a handful of “go-to” lawyers for ERISA law, regulation, and litigation. Indeed, as her online bio describes, “a recent Court decision cited her expert testimony as having been pivotal to the outcome, finding her ‘experience with…
Whether expected or not, the upheaval of job loss gives you much to think about. Don’t forget any stock options or restricted stock units (RSUs) that you were granted and are still available to you. Too many departing employees forfeit valuable potential gains from their equity awards because they were unaware of the post-termination rules, or even the vesting dates, of their grants. The danger is real. Sudden layoffs have recently erupted at many companies, including corporate tech giants such as Amazon, Google, Meta, and Microsoft. You want to be sure you take as much extra compensation for the road…
