It has been a bad week for technology stocks. The Nasdaq tumbled 2.7% on Wednesday, though the slide seemed to be slowing as markets opened on Thursday. So buy the dip before tech stocks move at least 25% higher this year, says veteran tech analyst Daniel Ives of investment firm …
Read More »The Moneyist: I lost my job at 55 and started my own successful business. I now constantly get texts from friends and former coworkers asking how I did it. What do I do?
Dear Quentin, I read your column regularly. I never thought that I would reach out to you with my own issues. But I was wrong. I’m hoping you can help on how best to handle this situation. In 2016, I lost my long-term job. The company simply went through serious …
Read More »: Cuomo responds to harassment scandal: ‘I’m not going to resign’
In the face of multiple sexual harassment claims and a pending investigation from the state attorney general’s office, Gov. Andrew Cuomo apologized for his behavior but rejected calls for his resignation, saying, “I’m not going to resign. I’m going to do the job the people of the state elected me …
Read More »Metals Stocks: Gold resumes slide as bond yields rise and dollar firms
Gold futures were heading sharply lower Wednesday morning, as U.S. Treasury yields resumed their rise and the dollar firmed, following the first gain for the precious metal in six sessions on Tuesday. Gold for April delivery on Comex GC00, -1.45% GCJ21, -1.45% was down $ 25.60, or 1.5%, to trade at …
Read More »The Moneyist: My husband and his brother inherited their family home. Our son lived there for 4 years. We paid $60K on taxes and repairs after a fire. Do we still split it 50/50?
Dear Quentin, My husband and his brother inherited their family home. When they were able to take possession our son and his family needed a place to live. The brother was quite willing to let them move in and, in lieu of paying him rent for his 50%, my husband …
Read More »Personal Finance Daily: Americans scroll Amazon and Walmart for bargains — yet choose pricey healthcare services and throw away hundreds of dollars, and Texas AG sues energy provider over ‘sky-high’ rates after massive winter storm
Hi there, MarketWatchers. Don’t miss these top stories: Personal Finance Americans scroll Amazon and Walmart for bargains — yet choose pricey healthcare services and throw away hundreds of dollars New hospital-price transparency rules took effect earlier this year, but patient advocates say those rules only do so much. ‘We need …
Read More »The Ratings Game: Wayfair’s customer base jumped ahead by 2 years during COVID, setting the retailer up for long-term growth: Truist
Wayfair Inc. W, -1.78% was upgraded to buy from hold at Truist Securities, with analysts estimating that the e-commerce home goods retailer accelerated its active customer base by two years during the COVID-19 pandemic. Truist raised its price target to $ 375 from $ 315. Wayfair said in its fourth-quarter …
Read More »The Moneyist: ‘Greed is rearing its ugly head and killing brotherly love’: My husband and his brother are at war over an inheritance from a beloved neighbor. What can we do?
Dear Quentin, When my husband and his only (younger) brother were growing up, a childless neighbor was very kind to them and treated them as if they were her “nephews.” They even called her “Aunt Hilda.” They also treated her like family; my husband has visited her regularly over the …
Read More »Earnings Results: Nio’s sales top $2 billion in ‘transformational’ year
Nio Inc.’s American depositary receipts fell more than 3% in the extended session Monday after the China-based electric-car maker reported mixed fourth-quarter results and said revenue for a “transformational” 2020 topped $ 2 billion. Nio NIO, +8.69% said it lost RMB1.39 billion ($ 212.8 million) in the quarter, or 16 …
Read More »