In the past week:
- The Federal Reserve’s Beige Book report showed little change in economic activity. Global uncertainties pushed gold to a record high. The CFBP unveiled its open banking rules. Mortgage rates rose despite the Fed’s interest rate cut.
- GM’s strong quarterly report included revised guidance. Strong earnings and a bullish forecast boosted Tesla shares. UPS and Verizon also topped expectations, but IBM posted mixed results.
- Coca-Cola topped estimates and raised its outlook. Starbucks suspended forecasts in a disappointing quarterly report.
- Boeing workers rejected a tentative deal to end their strike. American Airlines lifted its profit forecast. A Spirit Airlines debt refinancing deadline was extended. Southwest Air reached a deal with an activist investor.
- A Disney board shakeup included a CEO transition plan. Activist Starboard Value took a stake in Kenvue. An E. coli outbreak was linked to McDonald’s. Honda recalled popular vehicles for fire risk. A Coach-Michael Kors merger was blocked.
Check out a discussion about why Ford Motor Co. (NYSE: F) shareholders need to wake up and realize that the stock has lagged the broad market and other automakers for decades and that the electric vehicle business has been a problem for the automaker.
What happened to Intel Corp. (NASDAQ: INTC)? How did it give up the greatest tech lead in recent history? Will it be acquired by a rival, and if so how long will it take? Is Dow Jones poised to drop the stock from its industrial average?
Common retirement spots like Tampa and Phoenix are becoming increasingly expensive and face ecological problems. Check out a discussion of where retirees should be looking to retire now. Is Detroit worth considering?
Investors are likely to see lower returns over the next 10 years, but they can buy Pfizer Inc. (NYSE: PFE), Verizon Communications Inc. (NYSE: VZ) and three other Goldman Sachs dividend-paying stock picks now and hold them for the next decade or longer.
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