Investing

Thanks to record-breaking markets and more retirement savings, the number of 401(k) and IRA millionaires has reached a new record, according to Fidelity. Fidelity, the largest 401(k) provider in the United States, released its quarterly analysis Thursday. The report on retirement trends has become increasingly relevant as baby boomers retire in record numbers. The study
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Wedbush Securities’ Dan Ives praised Tesla’s announcement on Thursday morning of a new $2 billion common stock offering. “It’s a smart, strategic move,” Ives said on “Squawk Box.” “It takes any doomsday scenario around cash crunch … off the table.” Shares of Tesla, which have skyrocketed recently, were under some pressure on Thursday after the
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Charles Munger David A. Grogan | CNBC Charlie Munger, vice chairman of Berkshire Hathaway and Warren Buffett’s longtime business partner, issued a dire warning about the future on Wednesday. “I think there are lots of troubles coming,” he said at the Los Angeles-based Daily Journal annual shareholders meeting. “There’s too much wretched excess.” Munger —
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The Facebook analyst who downgraded the stock Tuesday told CNBC he is concerned about the growth of the social media giant’s advertising business. In particular, Pivotal Research Group analyst Michael Levine said he believes a slowdown in advertising from direct-to-consumer brands could spell bad news for Facebook. Instagram and Facebook are the most popular places
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William “Bill” Gerstenmaier in his former role as NASA Associate Administrator for Human Exploration and Operations. NASA/Bill Ingalls SpaceX is only a couple of months away from its first attempt at launching astronauts and the company has brought in one of the foremost experts in human spaceflight to help it do so successfully. William Gerstenmaier,
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A pigeon flies over a Exxon mobil gas station on October 25, 2018 in Gutenberg New Jersey. Kena Betancur | Corbis News | Getty Images TD Ameritrade‘s millennial investors were attracted to a somewhat surprising stock in January: ExxonMobil. “One of the most bought stocks by our millennials,” JJ Kinahan, the brokerage firm’s chief market
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Jeremy Grantham, co-founder and chief investment strategist of Grantham Mayo van Otterloo, speaks at the ReSource 2012 conference in Oxford, England. Getty Images High-profile investor Jeremy Grantham warned in a letter that falling birth rates in the developed world could accelerate in coming years due to increasing chemical toxicity, allowing only wealthy people to have
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Drew Angerer | Getty Images Amazon could potentially tag-team with the world’s biggest wrestling brand to gain an advantage in the streaming wars, according to a Needham. Not only could the Jeff Bezos-led tech retail juggernaut buy the streaming rights to World Wrestling Entertainment content, but it also could potentially buy the whole company one
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Even as interest rates remain low and investor appetite is strong, the ever-rising high-yield corporate debt levels are continuing to raise concerns on Wall Street. The latest warning comes from Charles Schwab strategists, who are advising clients to reduce their exposure, or underweight, to a part of the market that will see a record number
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As the ESG and sustainable investing movement grows, Societe Generale quantified the potentially large consequences for companies that don’t follow suit. The firm found that in two thirds of “high ESG controversy” cases a company’s stock experienced “sustained underperformance,” trailing the global index by an average of 12% over the course of the following 2
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