Stock market today: Dow, S&P 500, Nasdaq steady with Wall Street awaiting expected Fed rate cut
Stock Market Live December 8: S&P 500 (SPY) Running Ahead of the Fed
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Read MoreWarren Buffett protégé quits in blow to Berkshire Hathaway
One of Warren Buffett’s key lieutenants has left the investor’s stock-picking conglomerate just weeks before the 95-year-old retires.
Todd Combs is stepping down as investment manager at Berkshire Hathaway to join Wall Street giant JP Morgan,
» Read more about: Warren Buffett protégé quits in blow to Berkshire Hathaway »
Read MoreDow Set to Open Up Ahead of Federal Reserve Decision
With Wall Street focused on this week’s Federal Reserve meeting, the S&P 500 began Monday’s session in striking distance of a record closing high.
The market benchmark was down 0.1% but hovering only a touch below its Oct. 28 record close of 6890.89. The Dow Jones Industrial Average was down 93 points,
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Read MoreWarren Buffett’s Hidden Portfolio Is Making a Big Bet on the U.S. Economy
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As Warren Buffett’s tenure at Berkshire Hathaway (NYSE:BRK-A)(NYSE:BRK-B) winds down, his track record as an investor stands unmatched, delivering returns exceeding 5 million percent since he took the reins over six decades ago.
» Read more about: Warren Buffett’s Hidden Portfolio Is Making a Big Bet on the U.S. Economy »
Read MoreThe Burst
How To Make $84,000 In Dividend Annual Income
The Schwab U.S. Dividend Equity ETF has consistently ranked among the top dividend-focused ETFs for its impressive yield and growth. Since it launched in 2011, SCHD has not only delivered reliable income but also capital appreciation, so income-oriented investors have flocked to it over the years.
So, can this top ranked fund produce $84,000 in annual dividend income?
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Read MoreThe Ivy
Will This Spinoff Unlock Massive Wealth?
In a pre-holiday surprise announcement, management at FedEx (NYSE:FDX) released news of a plan to spin off FedEx Freight into a standalone entity that also would be publicly traded.
Given the headwinds the firm has faced from pricing to cost-sensitive customers, the spinoff offers a potential boon to existing shareholders. FedEx Freight handles less-than-truckload shipping for the company,
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Read MoreThe Spotlight
MAJOR ALERT: Within 7 Days, Market Plunges?
There’s blood in the water and a shark has sniffed it out and is swimming furiously to capture some some pounds of flesh.
What are we talking about?
A major bet was placed by one of Wall Street’s iconic traders betting that by Friday, February 17, the market would fall,
» Read more about: MAJOR ALERT: Within 7 Days, Market Plunges? »