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Here's how much the average working boomer has saved for retirement
Three news items that say a lot about the retirement crisis facing Americans and what we can do about it—if we want to. The first is a survey of 1,000 working Americans conducted recently showing much, or little, they have saved for retirement. Less than half of those surveyed have saved $100,000: Not even close to enough to support a median income of around $40,000 a year in retirement.
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Musk says Tesla's new car factories 'losing billions of dollars'
SAN FRANCISCO (Reuters) -Tesla Inc's new car factories in Texas and Berlin are "losing billions of dollars" as they struggle to increase production because of a shortage of batteries and China port issues, Chief Executive Elon Musk said in an interview published on Wednesday. The club divided its interview with Musk into three parts, the last of which was released on Wednesday. Musk said Tesla's Texas factory produces a "tiny" number of cars because of challenges in boosting production of its new "4680" batteries and as tools to make its conventional 2170 batteries are "stuck in port in China."
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Why Tesla Shares Jumped Initially, Then Retreated Today
Investors pushed the share price of Tesla (NASDAQ: TSLA) up 4% this morning, likely after the electric vehicle (EV) stock made double-digit percentage gains yesterday following comments by Tesla CEO Elon Musk. It may have to do with Tesla's Shanghai factory. Reuters reported today that Tesla's Shanghai factory will suspend operations for two weeks as the EV company makes some upgrades to the factory.
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Seeking at Least 8% Dividend Yield? Analysts Suggest 2 Dividend Stocks to Buy
With gasoline prices through the roof at record highs, inflation running at 40-year record levels, and last year's bullish stock market turn down into a genuine bear, it's no wonder that the financial and economic worlds are looking like reruns of 'That 70s Show.' Market watchers remember that the bad times of the late 70s and early 80s were tamed only when Fed Chair Paul Volker sparked a recession with near-20% interest rates – and for investors under 45, just take note that Q1 this year saw a
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Deep rift lies behind Biden's criticism of oil and gas industry
U.S. President Joe Biden has publicly criticized oil and gas executives for banking big profits from high gasoline prices but he has rarely spoken directly to the heads of energy companies or their representatives, White House records and interviews with industry sources show. Biden said at a labor union event this month that Exxon Mobil Corp "made more money than God this year" and sent a letter to seven oil and gas companies calling on them to increase production to help ease the burden on consumers. His actual engagement with energy company officials is rare, however, according to the industry sources and records, a marked contrast to Biden's meetings with top executives in retail, logistics and agriculture, as the government grapples with inflation at a 40-year high and supply chain snarls.
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9 Value Stocks to Buy in 2022 According to David Abrams
In this article, we will look at 9 value stocks to buy in 2022 according to David Abrams. If you want to skip reading about David Abrams' investment philosophy and his hedge fund's performance, you can go directly to 4 Value Stocks to Buy in 2022 According to David Abrams. David Abrams started his investment […]
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Mystery Surrounds $500 Million Outflow From Bitcoin ETF
(Bloomberg) -- North America's first Bitcoin exchange-traded fund is at the center of a crypto-market guessing game after it saw record one-day outflows of $500 million last week. Most Read from BloombergThe World's Bubbliest Housing Markets Are Flashing Warning SignsSwitzerland Imports Russian Gold for First Time Since WarStocks Snap Rally as Recession Fears Mount: Markets WrapJuul Soon to Be Ordered Off the Market by FDA, WSJ ReportsThe Supreme Court Has Just Eroded First Amendment LawThe with
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Why Roku Stock Popped Today
Shares of the television streaming platform Roku (NASDAQ: ROKU) were rocketing higher today, potentially on several bits of news for the company, including some positive comments from an analyst, as well as comments made by Roku's CEO in a recent interview. The video streaming stock was up by as much as 6.7% today and had gained 3.1% as of 12:29 p.m. ET. First, comments made yesterday by Needham analyst Laura Martin may be driving Roku higher after she said that Netflix's move into an ad-based streaming tier could benefit Roku.
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Nikola founder Trevor Milton faces new fraud charge
NEW YORK (Reuters) -U.S. prosecutors on Wednesday added a new wire fraud charge to their criminal case accusing Trevor Milton, the founder and former chief executive of Nikola Corp, of defrauding investors by lying about the electric- and hydrogen-powered truck maker. The new charge concerns Milton's alleged effort to defraud the seller of Wasatch Creeks Ranch in Utah by making false and misleading statements about Nikola's products and business prospects. Milton previously pleaded not guilty to two counts of securities fraud and one count of wire fraud over statements he made from November 2019 to September 2020.
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You'll Have to Be Sharp to Invest in Intuitive Surgical
Intuitive Surgical develops and manufactures da Vinci Surgical Systems and other instruments for invasive surgery -- real cutting edge stuff. The trading volume shows an increase from January as more traders have reacted to the decline in price and have voted with "their feet." The On-Balance-Volume (OBV) line shows a decline from April telling us of a shift towards more aggressive selling of shares.
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SoFi Stock: Near-Death Experience, or Deep Discount Bargain?
It's hard to put a positive spin on a stock that's shaved 65% off its value since the beginning of the year – a feat achieved by SoFi Technologies (SOFI). The thing is, such a performance is not an anomaly in 2022. Many stocks are in the same predicament, which raises the question whether the scores of beaten-down names will eventually stage a comeback. Some will and some won't. After meeting up with SoFi CEO Anthony Noto and CFO Chris Lapointe, Mizuho analyst Dan Dolev thinks SoFi is well-posit
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Source: https://finance.yahoo.com/news/youre-funny-woman-workplace-jokes-030003912.html