Investing News

In this article IEP Keith Meister, founder and chief investment officer at Corvex Management LP. Brendan McDermid | Reuters Company: MDU Resources Group Inc. (MDU) MDU Resources is a regulated energy delivery and construction materials and services business. The company is organized into the following four business segments: (i) utilities: electric and natural gas distribution,
0 Comments
What Is a Currency War? A currency war is an escalation of deliberate currency devaluation policies among two or more nations, each of which is trying to stimulate its own economy. Currency prices fluctuate constantly in the foreign exchange market. However, a currency war is marked by a number of nations simultaneously engaged in policy
0 Comments
Today, the 401(k) is a standard way that Americans save for retirement. Because these plans provide tax benefits and a potential employer match, many investors aim to “max out” their contributions, or contribute up to the IRS annual limit. For 2022, the contribution limit is $20,500 per year for workers under age 50, and $27,000
0 Comments
It’s been a tough week for chip stocks. On Monday, Nvidia had warned its revenues would be well below its guidance as gaming revenue slowed. Then Micron cut its current-quarter revenue and warned of negative free cash flow for the quarter as customer inventories pile up amid weakening demand for chips used in PCs and smartphones. Micron (MU) shares
0 Comments
If you have an established 401(k) and need to access your money, you can use a 401(k) loan to maintain your tax advantages. These loans can provide lower interest rates than you may find on other types of loans like personal loans. Like with any loan, you must repay a 401(k) loan over a set
0 Comments
In this article BRK.A An Andy Warhol-like print of Berkshire Hathaway CEO Warren Buffett hangs outside a clothing stand during the first in-person annual meeting since 2019 of Berkshire Hathaway Inc in Omaha, Nebraska, U.S. April 30, 2022. Scott Morgan | Reuters Berkshire Hathaway‘s operating profits jumped in the second quarter despite fears of slowing
0 Comments
The following is an excerpt from Black Fortunes: The Story of the First Six African Americans Who Escaped Slavery and Became Millionaires, by Shomari Wills, which details the origins of Black Wall Street. Ottawa W. Gurley (aka O.W.) was a turn-of-the-20th-century Black educator, entrepreneur, and landowner who was born to former enslaved Africans. In 1889, after
0 Comments
As of today, September 29, 2021, the 15-year fixed mortgage rate is 2.48% and the 15-year jumbo mortgage rate is 3.01%. These rates are not the teaser rates you may see advertised online and based on our methodology should be more representative of what customers could expect to be quoted depending on their qualifications. You
0 Comments
Oil prices have continued to slide, taking wholesale and retail gas prices with them.  The latest losses accelerated following U.S. data showing crude and gasoline stockpiles unexpectedly surged last week, and OPEC+ said it would raise its oil output target by 100,000 barrels per day. Light sweet crude fell nearly 4% to just above $90 per
0 Comments
Shares of Robinhood Markets (HOOD) tumbled 2% after the company released earnings a day earlier than expected and announced it would cut 23% of its workforce. The job cuts mark the second round of layoffs for the brokerage as the company continues to get slammed from a sharp slowdown in customer trading activity. Robinhood’s stock price is down over
0 Comments
Many Americans use an employer-sponsored 401(k) plan as their most important retirement savings tool. For employees, 401(k)s are an easy way to save and invest for retirement while getting tax advantages. For unscrupulous managers, however, they present an opportunity for fraud.  Though 401(k) plans are regulated by federal law, fraud can still occur when companies
0 Comments
You should start saving for a house as soon as the desire to buy one crosses your mind. Most people know that a home is probably the largest single purchase they’ll ever make. But many first-time buyers underestimate the amount of cash they will need to purchase their dream home. Key Takeaways Homebuyers can expect
0 Comments