In the past week:
- The bull market turned two years old.
- Trading revenue boosted quarterly results at Bank of America, Goldman Sachs, and Morgan Stanley.
- U.S. EV sales hit a record in the third quarter. United Airlines announced a $1.5 billion share buyback plan. Boeing warned that more layoffs are coming.
- Nvidia stock hit a record high. Google struck a deal to power AI data centers with nuclear power. ASML cut its sales forecast but TSMC’s profit soared.
- CVS named a new CEO. Walgreens said it would close 1,200 stores, and 7-Eleven said it would close over 400 U.S. locations.
- Netflix earnings topped estimates. Uber mulled acquiring Expedia. Trump Media stock soared.
- Huge meat recall included products sold at Walmart, Target, and Trader Joe’s. The IV fluid shortage continued.
- An FTC rule will make it easier to cancel subscriptions and memberships.
Over the past decade, baby boomers who invested in the stock market have enjoyed a period of incredible returns. However, the next decade may not be so generous, creating challenges for boomers in their retirement years.
One of Schwab Asset Management’s most popular exchange-traded funds just underwent a 3-for-1 split. Discover what this means for current and potential investors, along with insights into who the fund is best suited for and a look at its top holdings.
See how investing $5,000 each in AGNC Investment Corp. (NASDAQ: AGNC), Prospect Capital Corp. (NASDAQ: PSEC), and seven other ultra-high-yield stocks will generate $500 monthly in passive income.
Old-school “Bond King” Bill Gross suggests the current bull market may run out of steam soon and it makes sense for investors to shift to a more defensive posture. Enterprise Products Partners L.P. (NYSE: EPD) and others fit the bill.
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