Business

When the market was tanking, these stocks were hitting all-time highs 0
- Business
- May 24, 2022
While market losses were racking up, this group of stocks was breaking out to all-time highs and looks set for even more gains. The group is Big Pharma. It’s been long viewed as stodgy by investors looking for quicker price gains. Recently, however, as other stocks slid, these companies have become more attractive because of
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Snap, Abercrombie & Fitch, Roblox and more 0
- Business
- May 24, 2022
A man photographs a banner for Snap Inc. on the facade of the New York Stock Exchange on the morning of the company’s IPO in New York City, March 2, 2017. Brendan McDermid | Reuters Check out the companies making headlines in midday trading Tuesday. Snap — Shares of Snapchat’s parent company plummeted 41.2% after
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Trump’s picks in Tuesday’s GOP primaries spent over $400,000 at Mar-a-Lago 0
- Business
- May 24, 2022
Former U.S. President Donald Trump’s Mar-a-Lago resort is seen in Palm Beach, Florida, February 8, 2021. Marco Bello | Reuters The campaigns of seven Republican candidates endorsed by former President Donald Trump spent over $400,000, combined, at his private club Mar-a-Lago in the buildup to Tuesday’s primary clashes, according to federal and state campaign finance
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Why 2022 has been a dangerous time to retire — and what to do about it 0
- Business
- May 24, 2022
mdphoto16 | E+ | Getty Images It’s a scary time for new retirees. Stocks have plunged this year. Bonds, which traditionally serve as a ballast when stocks falter, have also been pummeled. Both trends are worrisome for seniors who rely on investments for their retirement income. High inflation also means retirees need to draw more
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Uber to expand in Italy through taxi partnership 0
- Business
- May 24, 2022
For years, Uber has faced opposition from taxi drivers in Italy. Now, the company is signing a partnership with the country’s largest taxi dispatch service. Alvaro Padilla | Anadolu Agency | Getty Images Uber has signed a partnership with IT Taxi, the largest taxi dispatch service in Italy, in a tie-up aimed at boosting the
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Ray Dalio says cash is still trash, and equities are trashier 0
- Business
- May 24, 2022
Bridgewater Associates’ Ray Dalio believes hiding out in cash doesn’t bode well in today’s environment, but buying equities could be worse. “Of course cash is still trash,” Dalio said on CNBC’s “Squawk Box” at the World Economic Forum in Davos Tuesday. “You know how fast you are losing buying power in cash? Equities are trashier.”
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