Cathie Wood Receives Harsh Criticism from Morningstar, Labeled as the Worst 'Wealth Destroyer
According to a recent Morningstar investigation, the ARK ETF Trust, which manages the well-known ARK Innovation ETF (ARKK), has wiped out $14.3 billion in investor capital during the last ten years.
Feb 06, 2024 6:29 AM EST
Red Sea Clashes Risk Adding 5% to Import Costs, Pushing Up Inflation
Increased transportation expenses resulting from prolonged strains in the Red Sea may hinder the worldwide effort to combat inflation, the Organization for Economic Co-operation and Development stated on Monday.
Supply Chain Blues Hitting Your Car? Insurance Rates Surge 26%
With vehicle insurance rates continuing to rise, owning a car is becoming more and more expensive for drivers across the U.S.
Investor Concerns Mount as Tesla Stock Faces Decline
Following a doubling in value the previous year, Tesla's (TSLA) stock has plummeted early in 2024 ahead of sales and earnings for the fourth quarter, as experts have revised lower profit expectations for the last few months of 2023.
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Is College 100% Pure Garbage? (Yes, but…)
The only thing higher education indicates is how much you are willing to suffer through uninteresting work ...
Feb 05, 2024 6:41 PM EST
10 Foolproof Steps to Start Investing Now - Even If You're a Complete Beginner
Before you dive headfirst into the deep end, take a moment to consider why you want to invest. Are you saving for retirement, hoping to buy a house, or funding your kids' college education?
Feb 05, 2024 5:54 PM EST
Fed Chief Signals Slow and Steady Rate Reduction Approach
In a Sunday interview, Federal Reserve Chair Jerome Powell said that the bank will cautiously reduce interest rates this year, perhaps moving much more slowly than the market anticipates.
Feb 05, 2024 10:28 AM EST
UBS Sees Gold At $2,200, Silver Poised for Outperformance
2024 will likely see more increases in gold and silver due to anticipation that the U.S. UBS predicts that the Federal Reserve will begin reducing interest rates.
Feb 05, 2024 7:29 AM EST
Meta Announces Dividend Status, but Smart Investors Shift Focus to a More Promising Tech Player
The announcement of Meta Platforms' first-ever dividend was the major surprise in the company's fourth-quarter financial report released last week.
Feb 05, 2024 3:42 AM EST
Overhaul of Trump-Era Tax Law May Result in Bigger Refunds
Millions of Americans may receive larger tax refunds this year as a result of a last-minute revision to a tax provision included in President Donald Trump's 2017 Tax Cuts and Jobs Act.
Feb 05, 2024 2:22 AM EST
Luxury Giant Shakes Up Watch World: LVMH Targets Billion-Dollar Market with Bold Designs
Luxury behemoth LVMH is attempting to take market share in the world of luxury watches by launching a new watch subsidiary and introducing a number of more expensive models.
Feb 04, 2024 9:17 PM EST
S&P 500 Up 1.07%: Key Sectors Power Index to New Peak
The S&P 500 reached a record closing high on Friday as solid profits and an impressive January jobs report increased investor confidence in the economy, despite the Federal Reserve's unlikely decision to drop interest rates anytime soon. U.S. equities closed the week significantly higher.
Feb 03, 2024 5:10 AM EST
Wages Rising, Jobs Soaring: Can the US Economy Maintain This Momentum?
Employers across the country launched an impressive hiring spree to start 2024, adding 353,000 new positions in January alone, the most recent indication of the economy's resilience in the face of the highest interest rates in two decades.
Feb 03, 2024 3:33 AM EST
Ferrari's Record Year Ignites Investor Excitement for Future
Ferrari is a luxury sports vehicle company that exceeded both the top- and bottom-line earnings projections of Wall Street for the fourth quarter, capping a record-breaking year of profits.
Feb 02, 2024 1:00 PM EST
Ohio Braces for Economic Hit as Intel Hits Pause on Mega Project
Due to market conditions and the sluggish distribution of U.S. grant funds, Intel is postponing the development of its $20 billion chip manufacturing project in Ohio, according to a Wall Street Journal story published on Thursday.
Feb 02, 2024 12:20 PM EST
Wall Street Jitters as New York Community Bancorp Cuts Payout
Regional U.S. bank stocks fell sharply on Wednesday, led by a 37.6% decline in New York Community Bancorp (NYCB.N) shares, b after the company unexpectedly declared a loss and reduced its dividend, rekindling concerns about the stability of other lenders.
Feb 02, 2024 11:50 AM EST
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