Dow Jones Holds Gains While S&P 500 Turns Negative on Semiconductor Weakness
Wall Street woke up in a good mood on Monday. Oil prices were tumbling on news of a U.S.-Iran ceasefire, and all three major indexes opened solidly higher. By midday, that optimism had largely evaporated.
The Dow Jones Industrial Average (^DJI +0.29%) was clinging to a 0.2% gain at 12:06 p.m.
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Read MoreMonster Beverage Is Splitting Its Stock 2-for-1 on Aug. 11. Here's What a $1,000 Investment Could Be Worth in 5 Years.
Who doesn’t love a stock split? Energy drink powerhouse Monster Beverage (MNST +1.93%) recently announced a 2-for-1 stock split, the company’s sixth since 2005. Shareholders as of July 24 after the market’s close will receive a 100% stock dividend after the market closes on Aug.
Read MoreGreg Abel is starting to make his mark as Warren Buffett's successor
Warren Buffett’s successor, Greg Abel, just completed his first acquisition as Berkshire Hathaway’s CEO. It’s the latest sign that he’s ready and willing to build on what Buffett built.
In a Friday press release, Berkshire said it has officially taken over Taylor Morrison for $8.5 billion in cash,
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Read MoreShould You Buy Tesla Stock After Its Post-Earnings Dip?
Tesla (NASDAQ: TSLA) reported earnings last week, and the stock has been in sell-off mode since. The numbers clearly didn’t impress investors, sending the stock, which was already struggling heading into the earnings release, into a tailspin. As of Monday, the stock was down more than 31% year to date, and it’s in danger of hitting a new 52-week low.
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Read MoreFinancial Experts: Tips To Stretch Your Social Security Benefits This Summer
Summers in retirement can feel very different than they did in your working years. For many people, they can finally enjoy their leisure time, perhaps visiting with family or taking trips. But for retirees living largely on Social Security, it can also be one of the most expensive times of year.
Fortunately,
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Read MoreThe Burst
How To Trade The Crashing Markets
Lots of finger-pointing has taken place. Was it Buffett selling Apple? The jobs report? The unwind of the Japanese carry trade, which is essentially nothing more than borrowing at low rates in Japan and investing at higher yields in the US. Or was it the re-pricing from inflation concerns to recession worries?
Regardless,
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Read MoreThe Ivy
The Formula Behind Billionaire’s 30-Year Win Streak
Stanley Druckenmiller may be best known for his role with George Soros in shorting the British pound in 1992, which famously became known as breaking the Bank of England. That position resulted in a cumulative profit of over a billion dollars, and all while Druckenmiller was only in his late 30s.
At a time when many professional investors consider themselves in their early innings of their careers,
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Read MoreThe Spotlight
The Best Stock Buffett Just Bought Is…
According to Berkshire Hathaway’s fourth-quarter 13F and 13G filings, Buffett and his investment team added shares to several existing positions, including Lousiana-Pacific Corp. (LPX), Paramount Global (PARA),