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I was perusing the BLS data following the inflation release last week and one number sticks out like Victor Wembanyana standing next to a group of kindergartners. Auto insurance was up 22% over the previous 12 months versus an overall inflation rate of 3.5%. Look at the change in auto insurance rates these past few years: It’s like a meme stock.
Shares of VinFast Auto (NASDAQ: VFS) slumped as much as 30% this week, according to data from S&P Global Market Intelligence. The Vietnam-based electric vehicle (EV) manufacturer reported poor growth and earnings for the first quarter of 2024, causing investors to sell off the stock. As of this writing, shares of VinFast Auto have fallen 96% from all-time highs set in late 2023 when it made its debut on the public markets.
Ardian set to acquire over $1 billion of BCI’s private equity stakes amid market shifts and high interest rates. The transaction may close in the next few months, one of the people said, asking not to be identified discussing a confidential matter. The British Columbia fund, which manages the retirement savings of government workers in the Canadian province, was considering the sale of about $2 billion worth of Europe-focused investments and reducing its US positions to rebalance its portf
Badger Meter (NYSE: BMI) stock had soared by 16.7% for the week through Friday morning as the market digested the company's record-setting first-quarter results. What Badger Meter does The company generates around 85% of its revenues from selling utility water smart metering solutions, tools that enable utilities to more accurately measure their water and wastewater customers' usage, and bill them accordingly.
Vertex Pharmaceuticals (NASDAQ: VRTX) is a growing pharmaceutical company with a robust cystic fibrosis (CF) business that generated nearly $10 billion in revenue last year. While there is still more room for the business to get bigger, Vertex is already at a sizable market cap of $100 billion. Does this stock have enough runway to generate significant returns and help you become a millionaire in the long run?
It's rare for a $2 trillion stock to fall on no direct news, but that's exactly what happened to Nvidia (NASDAQ: NVDA) today. Shares of the AI chip leader got swept up in a broader AI sell-off after one analyst noted that Super Micro Computer (NASDAQ: SMCI) , another AI stock leader , failed to report preliminary revenue , casting doubt on its upcoming results.
Meta Platforms (NASDAQ: META) introduced Meta AI on Thursday, and it's another easy-to-use artificial intelligence chatbot to compete with ChatGPT. But it's far easier to use, and every point of friction that's eliminated is a threat to OpenAI's once-dominant position. Travis Hoium covers the new product in the video below. *Stock prices used were end-of-day prices of April 18, 2024.
Image source: Getty Images So you submitted your tax return and heaved a big sigh of relief at having one unpleasant task in your life done with. But what if, weeks later, there's now a notice from the IRS sitting in your mailbox called a CP2000? At first, a CP2000 notice might seem like an audit -- but it's not. It's merely a notice from the IRS indicating that the information you entered on your tax return doesn't match the agency's records.
Image source: Getty Images So you submitted your tax return and heaved a big sigh of relief at having one unpleasant task in your life done with. But what if, weeks later, there's now a notice from the IRS sitting in your mailbox called a CP2000? At first, a CP2000 notice might seem like an audit -- but it's not. It's merely a notice from the IRS indicating that the information you entered on your tax return doesn't match the agency's records.
After enduring one of its worst performances since 2008, the Nasdaq Composite has turned things around, gaining 50% since the beginning of last year. After such a sharp move higher, some investors wonder if much upside remains. Yet a review of the data suggests the current market rally still has room to run. Since the storied index began trading back in 1972, every year after a market recovery begins, the tech-heavy index has risen 19%, on average.
With shares up almost 150% in the past 12 months, Palantir Technologies (NYSE: PLTR) isn't missing out on the artificial intelligence (AI) boom powering the tech industry right now. But while hardware giants like Nvidia are making most of the early money, software could become increasingly important over the coming decade. Let's discuss what the next 10 years could have in store for the big-data specialist as it seeks to leverage its position in the defense and law enforcement sectors to help in
Wall Street is a bona fide long-term wealth creator, and few money managers know this better than Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) CEO Warren Buffett. Since taking the reins at Berkshire nearly six decades ago, the appropriately named "Oracle of Omaha" has overseen a 4,913,549% aggregate return in his company's Class A shares (BRK.A) and practically doubled up the annualized total return, including dividends paid, of the broad-based S&P 500.
Warren Buffett took control of Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) in 1965. He quickly shifted its focus from textiles to insurance, creating consistent cash flow in the form of insurance premiums, and he has invested that capital to great effect over the years. Berkshire stock has returned 19.8% annually under Buffett's leadership, nearly doubling the return of the S&P 500 (SNPINDEX: ^GSPC).
The age you begin taking Social Security will affect your monthly income for the rest of your life, so it's a decision to be made carefully -- especially if you're going to be relying heavily on your benefits in retirement. The right age to claim will differ from person to person, as it depends largely on your unique circumstances. That said, it can sometimes be helpful to see what the research says about when to file.
Amazon (NASDAQ: AMZN) isn't the world's biggest company by revenue. That title belongs to Walmart , but Amazon could easily pass its brick-and-mortar rival in revenue in just a couple of years. The tech giant finished 2023 with $575 billion in revenue and 12% growth. At that rate, Amazon will top $1 trillion in revenue in just five years, by 2028, which would make it the first company ever to do so.
Image source: Getty Images Lots of small business owners might not know this, but the federal government is requiring you to file some new documentation this year. Anyone who owns a small business with a legal entity, like a limited liability corporation (LLC) should pay attention to this new rule. Just like filing taxes, if you don't do it, the consequences are severe.
Euphoria surrounding artificial intelligence (AI) has helped fuel the S&P 500 and Nasdaq Composite to record levels this year. Indeed, the "Magnificent Seven" stocks -- Microsoft , Apple , Nvidia , Alphabet , Amazon , Meta Platforms , and Tesla -- garner the majority of AI hype and have collectively played a big role in pushing the market higher.
Chipotle Mexican Grill (NYSE: CMG) made history when it announced a 50-for-1 stock split last month. Assuming shareholders approve the amendment at the annual meeting on June 6, the stock will split after the market closes on June 25. That announcement is historic for two reasons. First, Chipotle has never split its stock since it was founded 30 years ago.
Image source: The Motley Fool/Upsplash Certificates of deposit (CDs) have become a popular investment in recent years. As the Federal Reserve has raised interest rates, CD rates have skyrocketed in response. But some investors may notice something weird about the CD market right now. There's something going on that hasn't happened since the 1980s, and it's a phenomenon that could really benefit savers.
Image source: Getty Images Few types of investment assets get as much media attention, or create as much polarizing discussion, as Bitcoin. People who love and believe in Bitcoin tend to make big bets and bold predictions about what they believe to be a world-changing asset category, while Bitcoin skeptics are, well…skeptical. On March 13, 2024, Bitcoin reached an all-time high price of $73,135.
Image source: The Motley Fool. Taiwan Semiconductor Manufacturing (NYSE: TSM) Q1 2024 Earnings Call Apr 18, 2024 , 2:00 a.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Jeff Su [Foreign language] Good afternoon, everyone, and welcome to TSMC's first-quarter 2024 earnings conference call. This is Jeff Su, TSMC's director of investor relations and your host for today.
The "Magnificent Seven" stocks of Microsoft , Amazon , Alphabet , Meta Platforms , Tesla , Apple , and Nvidia (NASDAQ: NVDA) capture much of the attention in the red-hot artificial intelligence (AI) space. Among this exclusive club, Nvidia might just be the most important. The company specializes in high-performance graphics processing units (GPUs) that are used for a variety of applications across the generative AI spectrum.
Image source: Getty Images Hybrid car sales are racing ahead as drivers look for ways to reduce emissions without going full-on electric. According to data from car expert Edmunds, hybrids almost doubled their market share in 2023. For some, hybrids offer the best of both worlds. You can save money on gas and be greener without worrying about where to plug in or how to cover longer distances.
With 61% gains racked up over the last 52 weeks, Caterpillar (NYSE: CAT) shares have outperformed the rest of the S&P 500 by a factor of nearly three -- and one analyst thinks this run's not done. On Tuesday, JPMorgan 's Tami Zakaria set a $435 price target on Caterpillar stock, making her the second-most-optimistic analyst on Wall Street. ( Jefferies ' Stephen Volkmann, with a $440 target price, has the current Street-high target for Cat.
Passive income -- cash that just arrives on its own, automatically -- who wouldn't want it? It might sound like a pipe dream to many people, as it can be hard to imagine how you can achieve passive income, but it's within reach of most of us. Here's a look at several common kinds of passive income you might strive to set up for yourself. Just having one or a few of these income streams may make a big difference in your life today and can improve your future financial security.
The semiconductor (or chip) stock group has strong long-term growth potential, driven in large part by the robust adoption of artificial intelligence (AI) across industries. The global AI market is projected to increase at a brisk compound annual growth rate (CAGR) of more than 28% from 2024 through 2030, according to Statista. There are likely to be some huge stock winners in the chip space over the long term.
Did you know there are literally thousands of stocks you can choose from at any given time to custom-build your perfect portfolio? For some people, that sounds like an exhausting proposition. For most of the market's more active investors, however, picking stocks can be a lot of fun. It's a chance to go on a treasure hunt of sorts. Just as a thought experiment, though: What if you could make just three stock purchases in any year?
More than any other big tech company, Microsoft (NASDAQ: MSFT) has been unabashedly aggressive in artificial intelligence (AI). It forged a partnership with OpenAI in 2019, investing $1 billion in the AI start-up when it needed a funding source, and it invested another $10 billion in OpenAI in early 2023, shortly after that company launched ChatGPT, bringing its grand total to an estimated $13 billion that it has invested in OpenAI.
One stock that's been generating a lot of interest this year is SoundHound AI (NASDAQ: SOUN). After it was revealed that chipmaker Nvidia has a stake in it, investors have grown bullish about the company. And given its relatively small $1.3 billion market cap, investors are likely hoping the stock can generate some significant returns. But could SoundHound AI be the next great AI stock to own, and perhaps even grow its valuation by 100 times over the next few decades?
I won't keep you in suspense. The answer is: $8,862.79. That's how much money you'd have today if you had invested $1,000 in Tesla (NASDAQ: TSLA) stock five years ago -- and it's a pretty nice return, right? Sure, there's been a lot of wailing and gnashing of teeth lately, a lot of proverbial clothes tearing, and sackcloth and ashes wearing, over the fact that Tesla stock has been cut in half from its 2023 high of nearly $300.
The emergence of artificial intelligence (AI) over the past year has lit a fire under Taiwan Semiconductor Manufacturing (NYSE: TSM) , or TSMC, as it's often called. The stock is up 58% over the past 12 months, which has some investors wondering if it's run too far, too fast, with limited upside ahead. One Wall Street analyst believes the stock has further to run.
Shares of VinFast Auto (NASDAQ: VFS) , the Vietnamese vehicle maker that went public in a merger with a special purpose acquisition company ( SPAC) last summer, tumbled 11.5% through 11 a.m. ET Wednesday after reporting big misses on both sales and earnings for its first fiscal quarter of 2024. Heading into earnings, analysts were already pessimistic, predicting the company would lose $0.22 per share on sales of $450 million.
Globe Life (NYSE: GL) stock plummeted by more than 53% in a single day last week after short-seller Fuzzy Panda Research accused the life insurance company of fraud. The claims piled onto the already struggling stock, which had previously been a longtime holding of Warren Buffett's conglomerate, Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B). If you're thinking about buying the dip in the stock, there are some things you'll want to know.
Millions of us have 401(k) accounts , sponsored by our employers or former employers. And hundreds of thousands, if not millions, of us actually have accounts worth $1 million or more. That's not the norm -- millionaire accounts only made up about 1.8% of 401(k) accounts administered by Fidelity, for example. But Fidelity's recent 422,000 millionaire 401(k) accounts do show us how powerful a retirement saving tool 401(k)s can be.
Banking disruptor SoFi (NASDAQ: SOFI) has produced impressive growth recently. Since the beginning of 2020, its customer base has grown from less than 1.1 million to over 7.5 million. Its Galileo fintech platform has nearly quintupled in size, and overall revenue has climbed from $621 million in 2020 to more than $2 billion in 2023, with the company reaching profitability for the first time in the fourth quarter of last year.
After a rough couple of years, the stock market is finally surging again. The S&P 500 (SNPINDEX: ^GSPC) has been reaching new heights, soaring by a whopping 41% from its lowest point in October 2022. This can be an exciting time for investors, many of whom have watched their portfolios plummet in value over the past several years. But if you've been hesitant to jump back into the stock market, it may seem like you've already missed the best opportunity to buy.
Volatility and short-term unpredictability are a few of the guarantees that Wall Street offers investors. Since the green flag waved in January 2020, all three major stock indexes have oscillated between bear and bull markets on a couple of occasions. However, the Dow Jones Industrial Average , S&P 500 , and Nasdaq Composite have a lengthy track record of putting stock market corrections firmly in the back seat and heading higher over the long term.
Is this the start of a comeback for Iovance Biotherapeutics (NASDAQ: IOVA) ? Though the small-cap biotech has significantly trailed the broader market in the past five years, its shares are up by 50% since 2024 started. Iovance is making progress on several fronts (more on that below). It's no wonder that many investors are increasingly excited about the company's direction.
Image source: The Motley Fool/Upsplash The amount of money you earn is impacted by many factors, including the educational achievements you have, the job you choose, and even whether you decide to get married or stay single. Your annual earnings can also impact every aspect of your life, as those who make more money will have a far easier time putting some of it into savings compared with people who are just getting by.
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