The Week’s Investing News Roundup: Passive Income, Warren Buffett, Tim Cook and More

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  • The Federal Reserve kept rates steady, and the unemployment rate ticked up in April. Consumer confidence fell in the United States, though worker pay rose more than expected. Yet, hiring hit a three-year low.
  • Apple said iPhone sales are declining but a stock buyback plan boosted shares. Amazon and Coca-Cola posted strong quarterly results. The AI boom boosted Samsung’s profits. Boycotts weighed on McDonald’s earnings. Starbucks reported declining same-store sales.
  • Tesla self-driving was approved in China. Elon Musk lost an appeal in the Supreme Court. And Tesla had more layoffs.
  • The Google antitrust trial wound down. HSBC and Paramount CEOs stepped down. The FCC fined wireless carriers for sharing customer data. Fast-food chains raised prices in California after a minimum wage hike. Walmart announced a new store brand and said it would close all its health care clinics.
  • Bitcoin saw its worst monthly decline since last fall.

Want $3,000 in Passive Income? Invest $2,000 Into These 8 Dividend Stocks

AGNC Investment Corp. (NASDAQ: AGNC), Medical Properties Trust Inc. (NYSE: MPW), and six other dividend-paying stocks combined can generate over $3,000 a year in passive income for an investment of $2,000 in each one.

For $15,000 in Passive Income, Invest $30,000 in These 8 Dividend Stocks

Apartment Income REIT Corp. (NYSE: AIRC), Hasbro Inc. (NASDAQ: HAS), VICI Properties Inc. (NYSE: VICI), and other dividend-paying stocks combined can generate over $15,000 a year in passive income for an investment of $30,000 in each one.

10 Warren Buffett Quotes Every 60-Year-Old Needs to Hear

Warren Buffett, a fountainhead of homespun wisdom applicable not just to investing but to every area of life, provides food for thought to baby boomers who are figuring out what life in retirement looks like.

Say Goodbye to Two Longtime Dividend Aristocrats That Finally Cut Their Dividends

3M Co. (NYSE: MMM) and another Dividend Aristocrat have finally cut their dividends in moves that were widely anticipated on Wall Street. This underscores the volatility and uncertainty in the market and raises the question of whether more dividend cuts are to come.

Is Tim Cook the Next Steve Ballmer?

Is it time for Apple Inc. (NASDAQ: AAPL) CEO Tim Cook to step down? Microsoft’s leadership transition after Ballmer revitalized the company, and Apple may be ready for the same jolt of electricity.

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