In the past week:
- East Coast and Gulf Coast dockworkers went on strike briefly. Escalating attacks in the Middle East boosted oil prices. The unemployment rate fell to 4.1%.
- Tesla’s third-quarter deliveries fell short of expectations, and it recalled Cybertrucks. Toyota recalled SUVs over safety issues. Ford offered benefits in an attempt to boost EV sales. Stellantis stock plunged after a profit warning.
- Boeing mulled a $10 billion stock offering. Spirit Airlines considered a bankruptcy filing. Carnival’s weak outlook offset a record quarter.
- DirecTV agreed to acquire Dish Network. The FTC cleared the Chevron-Hess deal with conditions.
- Verizon and Bank of America customers suffered outages. OpenAI received funding from Microsoft and Nvidia.
- CVS explored a potential breakup. Starbucks invested in farms in Central America. Nike withdrew guidance amid CEO change. Levi Strauss trimmed its sales guidance.
- Eli Lilly announced a new $4.5 billion drug development facility.
Billionaire Larry Ellison has significant holdings in Tesla Inc. (NASDAQ: TSLA) and real estate. But his massive net worth is almost entirely in Oracle Corp. (NASDAQ: ORCL), a company he helped found.
Stock splits change nothing about the underlying fundamentals of a company, but investors like them. Are Super Micro Computer Inc. (NASDAQ: SMCI) and an upcoming stock split worth considering now?
Investing in dividend growth stocks is one of the surest ways to accumulate wealth for a retirement portfolio. One dividend-focused exchange-traded fund has just announced a stock split and a huge dividend hike.
Income-oriented investors may want to become more familiar with Altria Group Inc. (NYSE: MO), Black Hills Corp. (NYSE: BKH), and other top Dividend Kings that offer solid passive income.
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