Low interest rates could spur seniors to chase returns
Retirees face two competing forces: Lower rates on their "safe money" and a stock market that's becoming overheated. Here's where older investors are searching for yield.
Retirees face two competing forces: Lower rates on their "safe money" and a stock market that's becoming overheated. Here's where older investors are searching for yield.
After Apple's 30% surge this year so far, the tech giant still has room to run with the upcoming earnings release likely to push the stock higher, Evercore ISI said.
Demand for quicker delivery powered a second quarter that beat Wall Street expectations.
BMW Group said on Wednesday it would double its production capacity for electric vehicle batteries at its U.S. plant in South Carolina as it ramps up manufacturing of plug-in hybrid vehicles to include the X3 vehicle in addition to the X5.
Oil prices rose 1% on Wednesday, supported by a sharp fall in U.S. crude stocks and tensions over Iran, but concern about global oil demand capped further gains.
United Parcel Service Inc said on Wednesday a jump in demand for its Next Day Air service drove better-than-expected profit in the second quarter as large retailers rushed packages to online shoppers.
U.S. stocks were mixed on Wednesday as a series of disappointing earnings reports damped investor optimism over the prospect of a new round of U.S.-China trade talks next week, while the euro dropped to a two-month low amid soft economic data.
Wall Street analysts remain bullish heading into Facebook's earnings report on Wednesday after the close.
"There's no question they've limited competition," Mnuchin said.
GlaxoSmithKline beat second quarter profit expectations with the help of strong demand for its shingles vaccine, prompting the British drugmaker to forecast a smaller fall in profit this year than originally anticipated.
While paying in cash avoids the cost of borrowing, it could affect other parts of your finances, depending on how you secure the money.
Shares of the company dropped more than 16% and hit a new 52-week low.
Boeing Co posted its largest-ever quarterly loss on Wednesday, diving nearly $3 billion into the red as it wrestles with a longer-than-expected grounding of its best-selling 737 MAX.
U.S. stocks fell on Wednesday after bleak earnings from industrial bellwethers Caterpillar and Boeing exacerbated concerns of a slowing global economy that have roiled financial markets this year.
Alphabet sometimes assists the Department of Defense "and I think Google is an American company that wants to help out the U.S.," Mnuchin says.