Author: super@dmin
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The S&P 500 achieves best quarter since 2013
Will stocks keep climbing in 2019? The longest bull market in history shows no signs of letting up. The S&P 500 soared more than 7% in the third quarter, which ended on Friday. That’s the strongest quarter for the broad index since the end of 2013. The Dow spiked more than 2,100 points, or 9%.…
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Arriving soon: Tesla's moment of truth for the Model 3
Elon Musk is being sued by the SEC Can Tesla navigate through its many controversies and still meet its sales targets? We’re about to find out. Early next week Tesla will report how many cars it made in the third quarter and how many it was actually able to deliver to customers. Three months ago,…
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10 years after the crisis, some investors are still scared of stocks
Reliving the financial meltdown, ten years later It was one of the most terrifying moments of the financial crisis: The Dow plunged nearly 780 points on September 29, 2008 — a 7% wipeout — after the House voted against a bailout of the nation’s biggest banks. And many investors simply never came back. The market…
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Sears is now a penny stock
Sears is closing its last Chicago store Sears stock has fallen into the bargain bin. In the latest indignity for a once-grand retailer, the share price fell below $1 on Friday for the first time in the company’s history, dropping as much as 15% to 85 cents in midday trading. Falling into loose-change territory is…
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Walgreens knew its profit forecast was wrong but didn't tell investors, SEC says
Here’s why drug prices are so high Six years ago, Walgreens announced a merger with Boots and told investors that it would make at least $9 billion in profit in 2016. The SEC says the company knew that number was a fantasy. Walgreens’ former CEO Greg Wasson and CFO Wade Miquelon were well aware that…
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JCPenney is now without a CEO or a CFO
Why JCPenney is in serious trouble JCPenney’s CEO left in May. Now its second in command is out too. Penney said Thursday that Jeffrey Davis, the company’s chief financial officer, was resigning 14 months after taking the job. Jerry Murray, a top executive, will take over as the interim finance chief. Davis’ departure marked another…
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BlackBerry's comeback continues
Blackberry CEO: The smartphone market is saturated BlackBerry’s transformation from struggling smartphone company into a burgeoning leader in cybersecurity software and connected cars is on track. The company now generates more than 90% of its total revenue from software and services. And 81% of those sales are recurring. In other words, BlackBerry is no longer…
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What the smart money is saying about Tesla
Elon Musk is being sued by the SEC Analysts are telling Tesla investors to brace themselves. “If you buy or own Tesla stock, be prepared for a wild ride,” Autotrader analyst Michelle Krebs told CNNMoney. The Securities and Exchange Commission sued Elon Musk on Thursday for making “false and misleading” statements to investors in an…
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How to catch up on retirement savings in your 50s
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How to catch up on retirement savings in your 50s
Planning young: a retirement roadmap If you’re nearing retirement age and your savings are looking a little sparse, you’re not alone. Forty-six percent of baby boomers don’t have anything stashed away for retirement, according to a study from the Insured Retirement Institute, which means nearly half of soon-to-be retirees need to supercharge their savings if…