By Jeanette Pavini If you’ve been kicking this can down the road, now is the time to start setting money aside for your later years. Benjamin Franklin said, “If you fail to plan, you are planning to fail.” This advice holds true when it comes to your r…
Eight Congress Members Traded Crypto in Last Year
By Dan Weil Seven Republicans and one Democrat traded $229,000 of bitcoin, $40,000 of ether and $32,000 of dogecoin. Members of Congress are often seen as lagging far behind social trends. But apparently that’s not the case with cryptocurrencies. Eight…
Disney Dump: Hedgefunder Loeb Sells 52% of His Stock
By Dan Weil Dan Loeb of Third Point, who had urged Disney to expand its streaming activity, unloaded Disney shares in the fourth quarter. Hedge fund heavyweight Dan Loeb, CEO of Third Point, apparently felt that he had more than enough Disney (DIS) – G…
BlackRock, Citigroup and Others Continue to Pour Trillions Into Coal
By Tony Owusu While retail investors are increasing their holdings of green energy companies, institutional investors are pouring even more money into pollutants. The revolution against coal won’t be televised… at least if the banking sector has anyt…
Top 15 Hedge Fund Managers Earn $15.8 Billion Last Year
By Dan Weil Top 15 hedge fund manager earnings drop to $15.8 billion in 2021 compared to $23 billion for 2020, as volatility in stocks and bonds limit performance. It’s getting rough out there for hedge fund managers. The 15 most highly-paid in the ind…
DeLorean Wants to Go Back to the Future as an Electric Sports Car
By Rob Lenihan A Texas-based company is rebooting the iconic DeLorean sports car and asking consumers to ‘Reimagine Today.’ Marty McFly, your ride is almost here. The iconic sports car with the gull-wing doors that propelled the hero of the 1980s class…
Trading Intel Stock After Company Buys Tower Semiconductor
By Bret Kenwell Intel stock is bouncing around after a $5.4 billion deal to buy Tower Semiconductor. Here are the must-know trading levels now. Intel (INTC) – Get Intel Corporation Report stock has been mixed on Tuesday, trading higher, then lower on t…
Walmart’s Sam’s Club Has a Bold Way to Take Members from Costco
By Daniel Kline Walmart’s warehouse club had a Super Bowl ad, and it’s following that up with a big offer designed to steal members from rival Costco. Walmart’s (WMT) – Get Walmart Inc. Report Sam’s Club sits in the shadow of its more successful rival,…
Roblox Stock Has Fallen and Earnings Report Looms. Here Are Key Levels.
By Bret Kenwell Roblox is set to report earnings after the close. Here are the key levels to know now. Roblox, (RBLX) – Get Roblox Corp. Class A Report like other growth stocks, lately has been under selling pressure. From peak to trough, the shares fe…
Grocery-Store Shock: Food Price Gains Seen Continuing
By Dan Weil Experts predict food prices will continue to rise amid soaring commodities prices and surging costs for farmers. Inflation is roaring throughout the economy, and that includes food prices at grocery stores. Experts predict those prices will…