banking

This contrarian investor gave a timely warning for the last big tech top. He now sees the biggest drop of this bear market dead ahead.

When can we truly say goodbye to this bear market? While Bank of America’s global fund managers are no longer “apocalyptically bearish,” some on Wall Street remain wary. add our call of the day to that last batch. It comes from True Contrarian blog and newsletter’s chief executive, Steven Jon Kaplan, who sees investors mired …

This contrarian investor gave a timely warning for the last big tech top. He now sees the biggest drop of this bear market dead ahead. Read More »

I’m 65 and want to retire in 6 months. I have a $125K annuity, plus $100K of money that I’m not sure what to do with. Should I get professional help?

Is a financial planner right for you? Getty Images/iStockphoto Question: I had $225,000 in my 401(k) and then I rolled over $125,000 to an annuity at 7%, as I wanted income. I just turned 65 and want to retire in six months, but I don’t know what to do with the other $100,000. What should …

I’m 65 and want to retire in 6 months. I have a $125K annuity, plus $100K of money that I’m not sure what to do with. Should I get professional help? Read More »

This rule with a perfect record says the market hasn’t bottomed, says Bank of America’s star analyst

Rules are there to be broken. That may be a standard mantra for anarchists. But for traders such thinking may prove to be dangerously dismissive. Investors therefore may like to consider the latest note from Bank of America’s Savita Subramanian in which the star analyst describes how “one rule with a perfect track record says …

This rule with a perfect record says the market hasn’t bottomed, says Bank of America’s star analyst Read More »

Dogecoin, Shiba Inu outperform bitcoin and ether. Is it a good time to bet on meme coins?

As cryptocurrencies bounced back from the June lows this year, meme coins have outperformed bitcoin and ether for the past few days, prompting some investors to ask if the risk-on plays are back in favor. Dogecoin DOGEUSD, -1.25% jumped 16.3% and another dog-themed token Shiba Inu SHIBUSD, -0.93 advanced 32.7% during the past seven days, …

Dogecoin, Shiba Inu outperform bitcoin and ether. Is it a good time to bet on meme coins? Read More »

Buffett and Berkshire added big to their bets on Ally, Occidental, Paramount and Activision. But these other 6 stocks also got a vote of confidence.

Warren Buffett’s Berkshire Hathaway Inc. added to nine stock holdings during the second quarter, reduced holdings of four and sold two outright. That’s according to Berkshire Hathaway’s BRK most recent 13F filing with the Securities and Exchange Commission. The company held 45 stocks with a combined market value of $330.1 billion as of June 30. …

Buffett and Berkshire added big to their bets on Ally, Occidental, Paramount and Activision. But these other 6 stocks also got a vote of confidence. Read More »

Walmart results relieve some recession fears

new York CNN Business — Walmart had good news Tuesday for investors and economists worried about a looming recession, as the retail giant gave a much rosier picture of consumer spending than it offered less than a month ago. On July 25, Walmart warned about its earnings for the rest of the year, saying that …

Walmart results relieve some recession fears Read More »

Adam Neumann, WeWork’s former CEO, has new real estate startup Flow, reportedly valued at more than $1 billion

CNN Business — Nearly three years after Adam Neumann stepped down as CEO of WeWork following a failed attempt to take the company public, he is said to once again be in charge of a billion-dollar real estate startup. Andreessen Horowitz, the prominent venture capital firm known for its early investments in Twitter and Airbnb, …

Adam Neumann, WeWork’s former CEO, has new real estate startup Flow, reportedly valued at more than $1 billion Read More »

5 ways being single can cost you more

There are plenty of advantages to being single. Among them: You can call the shots in your life without compromise. But being single may cost you more in spending, savings and benefits than being in a relationship with someone who shares in life’s financial obligations. The glaring exception, of course, is if you partner with …

5 ways being single can cost you more Read More »

‘I fear that between the two of us, that’s not enough.’ We want to quit working in 10 years, but only have about $175K saved. Do we need professional help?

Some things to consider if you’re thinking about hiring a financial adviser. Getty Images/iStockphoto Question: I’m 54 years old and have an IRA account with $27,000 in it, but it’s been decreasing over the years even though I contribute $100 per month. I have the funds allocated between mid-cap value funds, core-plus bond funds, investment …

‘I fear that between the two of us, that’s not enough.’ We want to quit working in 10 years, but only have about $175K saved. Do we need professional help? Read More »

Premarket stocks: New business taxes are coming. Wall Street isn’t worried

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. London CNN Business — The most powerful business lobby in the United States is not a fan …

Premarket stocks: New business taxes are coming. Wall Street isn’t worried Read More »