00:00 Brad
According to a Yahoo Finance Harris poll, banked households in America are not enthusiastic about the money they have saved. Only 10% say that they are completely satisfied with their savings. One of the key accounts Americans use to save for retirement is a 401K,
» Read more about: Getting the most out of your 401(k) by following these guidelines »
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Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.
The Federal Reserve has said it will slash its workforce by 10 per cent in the coming years as it seeks to be a “responsible steward of public resources”.
» Read more about: Federal Reserve to slash staff by 10% over several years »
The State Board of Investment is made up of Gov. Tim Walz, state Auditor Julie Blaha, Secretary of State Steve Simon, and Attorney General Keith Ellison. (Jennifer Brooks)
The board last invested with Wayzata Investment Partners in 2012 when its membership was different,
Investing
The markets are trading a bit aimlessly today,
» Read more about: S&P 500 INDEX (SPX) Live: Markets Struggle to Maintain Positive Momentum »
By Daniel Wiessner
(Reuters) – President Donald Trump’s ability to reshape federal agencies that were meant to be independent from the White House will be tested on Friday as a U.S.
» Read more about: US court to weigh Trump's powers to fire Democrats from federal agencies »
Shares of Advanced Micro Devices (AMD 1.73%) are flying higher this week. The company’s stock has gained 14.2% as of 12:02 p.m. ET on Friday. The S&P 500 and Nasdaq-100 indexes both had major gains in the same period.
The chipmaker announced a significant expansion of its share buyback program this week and revealed a massive deal with a Saudi Arabian artificial intelligence (AI) company.
May 16 – Cathie Wood’s ARK (ARKK) ETFs shifted their bets in the latest trading session. ARK’s flagship ARKK ETF snapped up 214,624 shares of Airbnb Inc (NASDAQ:ABNB), spending about $29.6 million on the home-rental platform. Its ARKF ETF added 140,000 shares of eToro Group Ltd (NASDAQ:ETOR) for roughly $7.3 million and scooped up 31,983 shares of CRISPR Therapeutics AG (NASDAQ:CRSP) at a cost of about $1.2 million.
» Read more about: Cathie Wood's ARK Dumps $26 Million Palantir Shares, Bulks Up on Airbnb »
India will continue to be the fastest-growing major economy in the world, according to the United Nations (UN). In the mid-year report on the World Economic Situation and Prospects (WESP) released by the UN, it is projected that the Indian economy will see a growth of 6.3 percent in the current fiscal year,
» Read more about: India to remain the fastest-growing economy, outpacing China, US, EU: UN Report »
The US economy is holding up, but Americans don’t seem to see it that way.
The off-kilter vibes reflect a widening gap between so-called “hard data” and “soft data” related to the economy. Simply put, forward-looking data like consumer sentiment is way down, while backward-looking data the Fed uses to inform policy,
Matthew Fowler
Tesla’s (NASDAQ:TSLA) Relative Strength Indicator is at 71.4, indicating an overbought territory.
RSI is a momentum indicator that measures the magnitude of recent price changes to read whether the stock is overbought or oversold.
» Read more about: Tesla technical analysis – RSI indicator in overbought territory »