News

How Advisors Can Rise to the Challenges and Opportunities of Next-Gen Clients
Every generation demands something different of financial advisors. Next-gen investors are often defined by their ...
Builders expect tariffs to increase costs by nearly $11,000, but they're slashing home prices. Here's why.
Builders estimate that the typical cost of building a home could rise by $10,900 due to the tariffs. The median price of a newly built home sold in February, the latest month for which there is ...
Cleveland Fed President Hammack Sees Tariffs Creating a 'Difficult Set of Risks'
The Federal Reserve may face a challenging set of tradeoffs if tariffs add to inflation while also cooling the economy, Cleveland Fed President Beth Hammack said Wednesday. The "modestly restrictive" ...
Social Security rule reversals, office closures, cost cuts: Here's what's happening now
A day after it announced the elimination of the Office of Transformation, the SSA said it was closing the Office of Civil Rights and Equal Opportunity and that it would reassign the office's tasks - ...
$13 million L.A. mansion for sale was built by 'Full House' actor John Stamos
Located in the hills of Calabasas, Calif., Stamos built the Mediterranean-style home in 1992 after buying the 6-acre property in 1991 for $430,000, records on PropertyShark show. He owned the home for ...
Travelers takes a hit from California wildfires but still surprises with profit upside
Adjusted income fell to $443 million from $1.096 billion a year ago, weighed down by an increase in catastrophe losses stemming from the California wildfires. Catastrophe losses came to $2.266 billion ...
Social Security rule reversals, office -3-
The SSA said that news reports that it is permanently closing more than one field office "are false" and that it has only announced the permanent closure of one hearing office, in White Plains, N.Y.
Abbott Laboratories Up Nearly 5%, On Track for Largest Percent Increase Since April 2023 — Data Talk
Abbott Laboratories Up Nearly 5%, On Track for Largest Percent Increase Since April 2023 — Data Talk Abbott Laboratories (ABT) is currently at $132.21, up $5.99 or 4.75% --Would be highest close since ...
Alibaba's stock is falling, and a development at Nvidia could be the reason
Alibaba Group Holding Ltd.'s U.S.-listed shares were falling by more than 3% in morning trading, with one analyst noting that the company's cloud business is in the "crosshairs" of the Trump ...
Morningstar9h
Hertz's stock was flat this year. Now billionaire Bill Ackman is driving it higher.
Hertz Global Holding Inc.'s stock has been gaining favor of late as investors bet that consumers would potentially pivot to more used-auto purchases of ex-fleet cars in the face of higher new-car ...
Wall Street's 12 favorite stocks could soar as much as 54%, analysts say
The day-to-day volatility for the S&P 500 settled down on Monday and Tuesday. But two-thirds of stocks in the U.S. large-cap benchmark index have declined this year, with 220 of the 500 stocks down at ...
ASML, a key microchip bellwether, disappoints on orders. But analysts see a silver lining.
ASML is also "well positioned" in a tough macroeconomic climate, said the analysts, who rate ASML as overweight. They commented that reshoring into the U.S. will likely preserve capital expenditure ...