One of the top picks from Wall Street’s top analysts is the streaming giant, Netflix. Even though the company disappointed investors by deciding to stop reporting quarterly subscriber numbers, analysts are still bullish on their long-term prospects. BMO Capital analyst Brian Pitz reaffirmed a buy rating on NFLX stock after the company reported better-than-expected first-quarter
The new U.S. Labor Department rule regarding retirement investment advice, issued on April 23, is set to bring about significant changes in the realm of financial recommendations, particularly when it comes to rolling over funds from 401(k) plans to individual retirement accounts (IRAs). Legal experts have highlighted that this “fiduciary” rule is aimed at raising
In the fast-paced world of technology investing, staying ahead of the curve is crucial. According to Brett Winton, chief futurist at ARK Invest, there are five key groups that tech investors should keep an eye on to gain an edge. These groups include robotics, artificial intelligence, multi-omics sequencing, public blockchain, and energy storage. Winton emphasizes
Social Security is facing a crisis that cannot be ignored. With trust funds projected to run out within the next decade, the future of this critical program is uncertain. The implications of this are profound, as more than half of peak baby boomers are expected to rely primarily on Social Security for income in retirement.
Wolfspeed, a semiconductor company specializing in silicon carbide technologies, has seen a decline in its stock market value over the past few years. Despite being the world’s leading producer of silicon carbide, the company has faced challenges in performance and execution. The delay in the rollout of new manufacturing facilities has impacted the company’s overall
During this tax season, over 140,000 taxpayers took advantage of the IRS Direct File program, a free tax filing service offered by the IRS. The U.S. Department of the Treasury and the IRS reported that the program was successful in helping filers in 12 states save an estimated $5.6 million in tax preparation fees for
As the spring housing market grapples with low supply, high prices, and increasing interest rates, potential homebuyers are turning towards new construction homes. According to Nicole Bachaud, a senior economist at Zillow Group, new homes offer more incentives and availability compared to previously owned properties. Statistics from the U.S. Census Bureau and the U.S. Department
The wealth gap between rich and average millennials is widening, creating tension and resentment within the generation. While the majority of millennials struggle with debt, low-wage jobs, and financial insecurity, the elite few are amassing wealth at unprecedented rates. Studies show that the top 10% of millennials are far wealthier than their counterparts from previous
The recent approval by the Food and Drug Administration of Pfizer’s new gene therapy, Beqvez, marks a significant milestone in the treatment of hemophilia B, a rare genetic bleeding disorder. This treatment is set to revolutionize the way patients with moderate to severe hemophilia B manage their condition. Hemophilia B is characterized by insufficient levels
Chinese electric car start-up Nio, known for its premium vehicles costing around $50,000 or more, is now shifting its focus towards a more affordable market segment. The company’s CEO, William Li, announced their plans to release a newly branded SUV that will be priced lower than Tesla’s popular Model Y. This move comes as a