Tech stocks today: OpenAI's growth disappoints, chip stock slide continues
Tech stocks rose slightly Wednesday, but semiconductor stocks continued to slide following a 5% drop Tuesday.
OpenAI’s latest revenue growth numbers didn’t win many fans among investors, according to The Wall Street Journal.
The company reported Q2 revenue of $6.7 billion,
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Read MoreThe Average 401(k) at 65 Is $258,800. The IRS Owns a Slice of Every Dollar. These 3 ETFs Build the Part It Can’t Touch
You spent three or four decades contributing to a traditional 401(k), and Fidelity’s latest data puts the average balance for savers ages 65 to 69 at $258,800. That money received favorable tax treatment while you were working, but withdrawals from a traditional 401(k) are generally taxed as ordinary income. For married couples filing jointly in 2026,
Read MoreStill Working at 67? Every Year You Wait on Social Security Locks In a Guaranteed 8% Raise
Quick Read
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Delaying Social Security past 67 locks in an 8% annual benefit increase each year you wait, up until age 70.
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Waiting from 67 to 70 grows a $2,000 monthly benefit to $2,480, adding $5,760 per year for life.
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Even a one-year delay raises a $2,000 monthly benefit to $2,160,
Warren Buffett Called Airlines the “Worst Sort of Business.” His Successor Just Built a $5.4 Billion Position Anyway.
Berkshire Hathaway (NYSE:BRK-B | BRK-B Price Prediction) CEO Greg Abel added 17,510,544 shares of Delta Air Lines (NYSE:DAL) during the second quarter of 2026, lifting Berkshire’s stake to 57,320,000 shares valued at $5,368,591,200 as of June 30, 2026, per the 13F filed August 14,
Read MoreThe Burst
1 Wild Stat Since 1990 Is Ominous
The market is much like a pendulum, swinging back and forth, or more precisely up and down. With each dip, it finds the energy to power higher to break new highs. Until the buyers are exhausted that is, and then a correction follows.
Usually, it climbs up steps, slowly and methodically, but falls down the elevator shaft.
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Read MoreThe Ivy
Has Latin Billionaire Spotted Screaming Buy
Carlos Slim made a splash in a surprising sector last year, choosing to bet big on oil production and refining businesses.
Throughout 2024, the (in)famous investor deployed about $1 billion into the oil market, including a little over $600 million in US refining company PBF Energy (NYSE:PBF).
Why is it about this relatively obscure energy name that has attracted Carlos Slim,
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Read MoreThe Spotlight
Scintillating Growth Stock Scooped Up by Billionaire
Stanley Druckenmiller, net worth $6.4 billion, is widely considered one of the world’s best investors. His biggest claim to fame is the fact that in its 30 years of operation, Druckenmiller’s hedge fund Duquesne Capital never had a down year.
Druckenmiller closed his hedge fund after the global financial crisis and opened a smaller,
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