I’m trying to get some outside guidance on being able to retire in the next 5 to 7 years. I might have to work until I am 59 1/2 to be able to start using retirement funds. We have about $1.4 million in 401(k) and Roth accounts, $30,000 in stocks, a rental house that we … Read more
Ford Motor finally gave investors a peek at the electric-vehicle start-up it’s been incubating inside its 119-year-old self. While the stock’s decline suggests disappointment, there’s more to like than the market is giving it credit for. In 2022, Ford (ticker: F) announced that it was rearranging itself and would henceforth be reporting separate results for … Read more
GameStop ‘s first profitable quarter since January 2021 sent the stock surging. GameStop stock (ticker: GME) rose 35% to $23.87 on Wednesday. Shares traded at $27 earlier in the session. The gain was GameStop’s largest percentage increase since March 25, 2021, when it rose 53%, according to Dow Jones Market Data. On Tuesday evening, the … Read more
This article is from the free weekly Barron’s Tech email newsletter. Sign up here to get it delivered directly to your inbox. Hella Fun. Hi everyone. Last weekend, I was utterly addicted to playing Diablo IV. There hasn’t been a gaming experience that hooked me in like this in years. I wasn’t alone. On Monday, … Read more
The bank has hired advisors Lazard (ticker: LAZ) and McKinsey & Co. as it explores options including a sale or trimming assets, a person familiar with the matter told Barron’s. News of Lazard’s involvement was reported earlier by The Wall Street Journal. Wall Street CEOs and U.S. officials are exploring the possibility of government backing … Read more
GameStop ‘s first profitable quarter since January 2021 sent the stock surging. The move is squeezing short sellers and lifting AMC Entertainment and Bed Bath & Beyond shares, too. GameStop stock (ticker: GME) was up 33%, at $23.56, in recent trading, paring some gains seen in premarket trading. On Tuesday evening, the company reported earnings … Read more
Silicon Valley Bank’s former parent company can’t access about $2 billion that it had deposited at the failed bank, after regulators froze the company’s accounts and are exploring whether it should help shoulder costs associated with the bank’s failure. Lawyers for SVB Financial Group, the holding company that used to control the now-defunct bank, claimed … Read more
On Tuesday, the company’s CEO Jensen Huang announced a wide-ranging set of partnerships and products that enable this latest wave of artificial intelligence services—all powered by Nvidia’s semiconductors. “Generative AI’s incredible potential is inspiring virtually every industry to reimagine its business strategies and the technology required to achieve them,” Huang said during the Nvidia (ticker: … Read more
Bitcoin and other cryptocurrencies settled lower Tuesday after a rally that carried digital assets to their highest point since last summer. While the Federal Reserve decision Wednesday is the next key catalyst, cryptos show signs of fundamental strength. The price of Bitcoin has fallen 2% over the past 24 hours to $27,750 after the largest … Read more
American depositary receipts of Swiss bank Credit Suisse (ticker: CS) plunged more than 47% to about 83 cents after larger rival UBS (UBS) agreed to buy Credit Suisse in a deal valued at about $3.2 billion. The merger of Switzerland’s two largest banks—engineered over the weekend by Swiss authorities—comes against a backdrop of industry turmoil. U.S.-listed shares … Read more