“I think the most important lesson to be drawn from the election is that the American people want us to work on the high cost of living and make sure that there can be a real path forward for working-class Americans, middle-class Americans, everyone who aspires to be part of the middle class to enjoy,
» Read more about: Jeffries: Economy, not racism or misogyny, was deciding factor in Trump’s win »
Tesla (TSLA 3.80%) shares have been on a roll in recent weeks. The stock has soared by more than 60% in the last month and that surge continued Friday. Tesla shares were higher by 3.7% as of 1:45 p.m. ET. That brings year-to-date gains to about 42%.
» Read more about: Why Tesla Stock Ended the Week on a High Note »
Good tidings of Great Joy, not the Christmas kind but the Permian Basin Energy Service kind. Energy service stocks are breaking out of sideways formations in what appears to be a sustainable rally.
Piper Sandler analyst Kashy Harrison lowered the firm’s price target on Sunnova Energy (NOVA) to $4.50 from $8 and keeps a Neutral rating on the shares. Interest rates remain elevated and Republicans will control the Presidency and Congress, which has resulted in “dismal” equity performance for the renewable and alternative energy group,
» Read more about: Sunnova Energy price target lowered to $4.50 from $8 at Piper Sandler »
Nvidia has once again turned out quarterly results that exceeded Wall Street’s forecasts. The company has seen soaring demand for its semiconductors, which are used to power artificial intelligence applications.
Revenue nearly doubled in the latest quarter from the same period a year earlier, Nvidia reported Wednesday. The company expects further revenue growth in the current quarter that ends in January.
» Read more about: Nvidia is Wall Street's most valuable company. How it got there, by the numbers »
NEW YORK — Stocks closed higher on Wall Street as the market posted its fifth straight gain and the Dow Jones industrial average notched another record high.
The Standard & Poor’s 500 rose 0.3%. The benchmark index’s 1.7% gain for the week erased most of its loss from last week.
» Read more about: Wall Street gains ground as it notches a winning week and another Dow record »
Advertisement
If you want help managing your investments but don’t want to pay a financial advisor, a robo-advisor may be a good alternative. A robo-advisor is a digital platform that uses algorithms to automatically invest and rebalance your portfolio based on your answers to a few questions about your personal circumstances.
Robo-advisors offer affordable investing guidance — but you may be wary about putting investment decisions on autopilot.
» Read more about: Robo-advisor: How to start investing right away »
Unlock the Editor’s Digest for free
Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.
The writer is a former chair of Yale’s Investment Committee, an ex-board member of Vanguard and the author of 21 books including the forthcoming Rethinking Investing
The idea of linked costs was made clear to me by my father when I was 11 and he asked: “Why does the cinema charge you kids only 20 cents for admission?”
“Because we’re kids?” was my reply.
» Read more about: The ‘linked benefits’ of index investing »
Investing is one of the best ways to build wealth, but that assumes you’re making smart investments. If you aren’t careful,
