In the past week:
- The Federal Reserve cut the federal funds rate by half a point and signaled another such cut this year.
- Amazon pushed workers to return to the office and increased wages. It also announced October Prime Day dates.
- Microsoft hiked its dividend and unveiled a $69 billion buyback plan.
- Intel said it plans to spin out its foundry business. It inked a $3 billion deal with the U.S. military.
- Disney and DirecTV reached a deal. Nike’s CEO stepped down. FedEx cut its full-year forecast. Alaska Airlines completed its acquisition of Hawaiian Airlines.
- Boeing looked to cut costs during the worker strike. UAW announced a strike vote against Stellantis. Dockworkers threatened strikes at East Coast ports.
- U.S. retail sales were better than expected in August. Target announced its holiday hiring plan.
- Red Lobster exited bankruptcy. Tupperware filed for bankruptcy.
- The new Trump cryptocurrency business rolled out. A court case to determine TikTok’s future in the U.S. began.
- New SEC rules will see stocks priced in smaller increments.
One-time corporate raider Carl Icahn is viewed today as more of a benign activist investor, but over three-quarters of his company’s portfolio is in CVR Energy Inc. (NYSE: CVI) and one other stock.
Investing $10,000 each in AGNC Investment Corp. (NASDAQ: AGNC), Prospect Capital Corp. (NASDAQ: PSEC), and other dividend stocks can provide passive income of $1,000 per month.
The trust that manages the investments of the Bill & Melinda Gates Foundation has a portfolio concentrated in Microsoft Corp. (NASDAQ: MSFT) and a couple of other stocks.
Arbor Realty Trust (NYSE: ABR), NextEra Energy Partners L.P. (NYSE: NEP), and other dividend stocks with large monthly payouts are perfect for passive income generation and offering great entry points.
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