Author: Jeffery Carter
Check out the companies making headlines in midday trading: Intel — Shares declined 4.2%. Earlier in the day, shares rose more than 2% after Reuters, citing two sources familiar with the matter, reported that chipmakers Nvidia and Broadcom are running manufacturing tests with Intel . The tests signal that both companies are heading closer toward committing hundreds of millions of dollars’ worth of manufacturing contracts to Intel, Reuters said. Chinese automakers — U.S. shares of Chinese electric vehicle brands fell on the heels of their latest deliveries reports . Shares of Xpeng slid 5.8%, and Nio dropped 8.6%, while Li…
Peopleimages | Istock | Getty ImagesIf you’re married and in a single-income household, a lesser-known retirement strategy could boost your nest egg — and there’s still time to use it for 2024.A spousal individual retirement account is a separate Roth or traditional IRA for the non-working spouse. With this strategy, two IRAs can be maxed out annually with enough income from the working spouse. The deadline for 2024 contributions is April 15.”Spousal IRAs are a game changer for married couples looking to build retirement savings and manage their lifetime tax burden,” said certified financial planner Jim Davis, partner at Aspen…
(Bloomberg) — A roller-coaster week for markets ended on that same note, with stocks whipsawing as traders tried to make sense of a myriad of headlines around the economy, tariffs and geopolitical developments. Most Read from Bloomberg Just minutes after a slide that drove the S&P 500 down over 1%, the gauge staged an “oversold bounce” as Federal Reserve Chair Jerome Powell said the economy is fine. The Nasdaq 100 moved away from the threshold of a correction. Bonds fell. In the first signal of a positive response from President Vladimir Putin to US counterpart Donald Trump’s call for a…
Humane, formerly one of Silicon Valley’s buzziest AI hardware startups, announced on Tuesday it was being partially acquired by HP for $116 million, which is less than half of the $240 million the startup raised in venture capital funding. Tuesday may not have been a great day for some Humane investors, but it was especially chaotic for its roughly 200 employees, according to internal documents seen by TechCrunch and two sources who requested anonymity to discuss private matters. Hours after the acquisition was announced, several Humane employees received job offers from HP with pay increases between 30% and 70%, plus…
A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high net worth investor and consumer. Sign up to receive future editions, straight to your inbox. Last month, family offices made at least 48 direct investments, double that of the month prior, according to data provided exclusively to CNBC by Fintrx, a private wealth intelligence platform. Two of the most active family office investors , Laurene Powell Jobs’ Emerson Collective and Li Ka-shing’s Horizons Ventures, participated in megarounds last month. Emerson Collective joined the $700 million fundraise for X-Energy ,…
U.S. President Donald Trump attends the White House Crypto Summit at the White House in Washington, D.C., U.S., March 7, 2025. Evelyn Hockstein | ReutersPresident Donald Trump is dismissing business concerns over the uncertainty caused by his planned tariffs on a range of American trading partners and the prospect of higher prices, and isn’t ruling out the possibility of a recession this year.After imposing and then quickly pausing 25% tariffs on imports from Mexico and Canada that sent markets tumbling over concerns of a trade war, Trump said his plans for broader “reciprocal” tariffs will go into effect April 2, raising…
Ukraine’s President Volodymyr Zelensky, Britain’s Prime Minister Keir Starmer and France’s President Emmanuel Macron hold a meeting during a summit at Lancaster House in central London on March 2, 2025. European leaders descended upon London for talks to “drive forward” action on Ukraine, according to the office of UK Prime Minister Keir Starmer.Justin Tallis | Afp | Getty ImagesEuropean markets closed higher on Monday, amid a charge in defense shares after regional leaders held security talks that touched on bolstered military spending.The regional Stoxx 600 index moved between losses and gains in early deals before closing 1.1% higher. The Stoxx…
A video protest sign on a truck paid for by the Patriotic Millionaires drives past a mansion owned by Amazon founder Jeff Bezos as part of a federal tax filing day protest to demand he pay his fair share of taxes, in Washington, May 17, 2021.Jonathan Ernst | ReutersMost workers can expect to see Social Security payroll taxes taken from their paychecks throughout the year.But high earners with $1 million in gross annual wage income have already stopped paying into the program as of March 6, according to the Center for Economic and Policy Research.In 2025, workers are subject to…
(Reuters) – Morgan Stanley lowered its 2025 economic growth forecast for the United States on Friday, citing greater impact from tariffs and a still-tight labor market resulting in higher inflation. “Earlier and broader tariffs should translate into softer growth this year, whereas we previously assumed it would weigh on growth mainly in 2026,” said Morgan Stanley economists led by Michael T Gapen. The Wall Street brokerage lowered its Q4/Q4 2025 growth forecast to 1.5% from 1.9% earlier. It also lowered its 2026 growth forecast to 1.2% from 1.3%. President Trump’s tariff policy is expected to drive up inflation and will…
On Wednesday, Apple unveiled the iPhone 16e. The model replaces both the iPhone SE and iPhone 14 in the company’s lineup. The new handset is the least expensive member of the iPhone 16 lineup, aiming at emerging markets, including India. The world’s second largest smartphone market (behind China) has fueled significant iPhone sales, with Apple recently cracking the top five vendors in India. A week ahead of the iPhone 16e’s release, however, it’s unclear what impact the device will have on this key market. In 2024, India became the fourth largest market for Apple, after the U.S., China, and Japan,…