Investing News

General Motors (GM) made big sales gains in a sign the semiconductor shortage is easing. GM shares are rising over 2% in pre-market trading.  GM outsold rivals including Japanese automaker Toyota in the U.S. in the third quarter. GM sold 555,580 vehicles in the quarter through September, 24% higher than last year when inventory shortages

Hackers have stolen $570 million from a blockchain linked with Binance. The largest crypto exchange has had to temporarily halt the operation of its Binance Smart Chain after the exploit. Since the hack, Binance Coin’s (BNB) price has also dropped noticeably, with the token down 3.5% in the last 24 hours. At the time of

“Retirement accounts with ill-conceived beneficiary designations could potentially cost your family tens of thousands or even hundreds of thousands of dollars if done wrong,” according to Dan Stewart, president of Revere Asset Management. Social Security benefits have an automatic survivor benefit, but beneficiary designations are crucial for retirement plans, such as IRAs. For 401(k) plans

Being named in someone’s will as the executor—the person to handle and settle up estate matters—sounds like a great honor. And it is because the person believes that you have the ability to collect assets, settle debts, file estate tax returns where necessary, distribute assets, and close the estate. However, a person named as an

The three white soldiers pattern and its bearish counterpart, the three black crows, are considered fairly robust reversal signals by both analysts and traders. The bullish pattern consists of three consecutive long-bodied candlesticks that open within the previous candle’s real body and close above the previous candle’s high. Why the Three White Soldiers Pattern Is a Bullish

The technology sector consists of businesses that develop, build, and market consumer electronics, electronic components, and software. Companies in the tech sector may also provide information technology (IT) services such as cloud computing. While the best-known companies are giants like Apple Inc. and Microsoft Inc., there also are tech businesses that are classified as penny

As cryptocurrencies have proliferated in recent years, a diverse industry of companies has developed in the crypto space. These companies may be involved in cryptocurrency mining, digital currency exchange and payments, or in developing blockchain technology and linking it with existing industries and businesses. Some of the best-known crypto stocks include Coinbase Global Inc. (COIN),

The shipping industry includes companies that transport cargo around the world, from grains to apparel to electronics to appliances. In spite of the term “shipping,” these companies often transport commodities and merchandise by air, sea, and on land by truck or train. They also provide storage and other logistics. Some of the largest shipping companies

Silver is valued both as an industrial metal and as a precious metal. It is used in jewelry, electronics, and photography. Many investors use it as a safe haven in times of economic turmoil and sometimes as a hedge against inflation. Silver mining companies are engaged in the acquisition, exploration, development, and production of mineral

The steel industry is part of the basic materials sector and consists of companies involved in steel production, mining, and related activities. Although steel historically has been a major U.S. industry, the number of steel mills that produce the metal has declined sharply in the past several decades due to foreign competition. Some of the

The oil & gas industry comprises upstream companies that explore and produce energy, midstream pipeline companies that transport and store energy, and downstream companies that refine oil and gas into finished products. Additionally, there are companies that provide oilfield drilling equipment and services. Some also manufacture and maintain equipment used in production. The industry’s biggest

Movie theater companies own and operate cinemas and concession stands in both local and national chain models. As a component of the consumer discretionary sector, movie theaters tend to perform well when customers have disposable income and poorly when the economy is struggling or during times of market turbulence. The COVID-19 pandemic devastated movie theaters

Coming up with decent gift ideas isn’t always straightforward. Younger children usually desire the latest fad that they’ll probably soon lose interest in, while older generations tend to buy what they need and are notoriously difficult to satisfy. In many ways, you can’t go wrong with gifting shares in a company. Sure, it may not

The industrial sector includes companies that produce machinery, equipment, and supplies that are used in construction and manufacturing, as well as those that provide related services. These companies are closely tied to the economy, and their business volume often falls sharply during recessions, though each industrial subsector often performs differently. Well-known companies include Lockheed Martin

What Is BRIC? BRIC is an acronym for Brazil, Russia, India, and China. The BRIC economies, or the “Big Four,” were collectively seen as emerging economic powerhouses. Economist Jim O’Neill, chair of Goldman Sachs Asset Management, introduced the acronym in his 2001 paper, “Building Better Global Economic BRICs.” After the 2008-2009 financial crisis the economic

Peloton Interactive (PTON) is cutting more jobs to reduce costs. CEO Barry McCarthy said the struggling fitness equipment maker has about six months to turn itself around or it likely won’t survive as a viable stand-alone business. McCarthy indicated in a note to employees and in interviews that the connected-fitness firm will lay off another

What Is a Rewards Credit Card? Rewards credit cards offer you some type of “reward”—typically cash back, points, or travel miles—for every dollar you spend, sometimes up to certain limits. Depending on the card, you can then use your rewards in a variety of ways. Key Takeaways Rewards credit cards typically offer cash back, points,

Running out of money during retirement is a fear that haunts many of us. An inadequate pension, an unexpected financial emergency, or the death of a breadwinning spouse could suddenly make life very uncomfortable and push an older, already vulnerable person over the poverty line. One potential solution for struggling older property owners is to

Did you know there are thousands of digital currencies, with more being added every month? Curious new crypto investors need to start by making decisions about how to invest, including how to store their digital assets. Investors will need to evaluate where and how to transact in cryptocurrencies, and whether staking tokens—a way of earning

Mortgage rates again moved a notable increment lower Tuesday, resulting in an almost two-tenths of a point drop so far in October’s 30-year average. Now sitting in high 6% territory, it was just a week ago that the flagship average recorded a 20-year high in the mid-7% range. National averages of the lowest rates offered