Author: News Room

A couple of analyst downgrades are making the rounds Monday on megacap stocks that rarely see ratings cuts: Apple and Amazon. They highlight both a problem and an opportunity for regular investors. At Jefferies, analysts downgraded Apple to a hold but increased the price target to $213 apiece from $205. Meanwhile, analysts at Wells Fargo downgraded Amazon to equal weight (hold) and cut their price target to $183 from $225. The issue with both calls is that they’re aimed at short-term traders and hedge funds, not longer-term investors. Neither report calls into question the underlying fundamentals of these businesses or…

Investors are at a heightened risk of cryptocurrency scams tied to fake relationships established over social media, dating apps and networking sites, federal officials warn.Such frauds occur when scammers use dating apps, social media platforms, professional networking sites or encrypted messaging apps to pose as a romantic interest, old friend, investment professional or other acquaintance.Fraudsters gain the trust of targets over time. At some point, they broach the idea of investing in crypto — and then defraud victims via fake investments.More from Personal Finance:How to avoid the top scam of 2023FBI: ‘Financial sextortion’ of teens is ‘rapidly escalating threat’How this…

Have you heard of Naval Ravikant? He’s a famed early-stage investor who’s become one of the most rabidly quoted for modern-day wisdom. I caught a video clip of his recently that, while only 52 seconds long, contains weeks’ worth of wisdom on the notion of true wealth. By the way, true wealth is distinguished from the blander version of wealth we’ve settled for in the 21st century. It harkens back to the original meaning of the word, which was less about loud accumulation and more about quiet contentment. True wealth isn’t a number, but a state of being. True wealth…

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Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Sir Keir Starmer has conducted a massive shake-up of his misfiring Number 10 team, with Sue Gray, his controversial chief of staff, forced to quit her post after only three months in Downing Street.Gray’s departure, following weeks of internal criticism of her performance and a power struggle behind the scenes, came as Starmer attempted to restore order to his administration in the week he marks 100 days in office.Gray, a former civil servant who led a review into Covid parties during Boris…

This article was written byFollowMy primary area of concentration will be on identifying companies of exceptional caliber, with a proven ability to reinvest capital for impressive returns. Targeting those with a market capitalization of less than $10 billion, affords ample opportunities for growth. The ideal scenario is for these companies to demonstrate a long-term capability of capital compounding, with a high enough compound annual growth rate to potentially deliver tenfold returns or even greater.My approach is to maintain a long-term perspective on these companies, as I believe this will generate higher returns compared to the market index, in a rapidly…

Taking care of an elderly parent or seriously ill spouse or family member can be physically and emotionally draining — and expensive for the caregiver in more ways than one. But being a caregiver while also holding down a job is a recipe for burnout. Of the estimated 48 million people in the United States who are taking care of adult relatives or friends, a majority (61%) have been employed while caregiving, most of them full time, according to a 2020 report from AARP and the National Alliance for Caregiving. Unsurprisingly, a majority of working caregivers say they have some…

After all of these years, after all of the rather incredible rallies and gains in the stock market from so many groups, the typical morning still starts with a bevy of negativity. That gloom lasts until near the close, where the market seems to say, “Oh well, maybe things aren’t that bad, at least for now.” And the selling stops with an hour or two to go before the closing bell. It’s astonishing that incredibly important people fret every day about things the Federal Reserve has done wrong or that the presidential candidates are doing wrong, or that our allies…

Vice President Kamala Harris was all business in an interview on the sex-positive “Call Her Daddy” podcast that aired Sunday.Harris, the Democratic presidential nominee, spent the bulk of the roughly 40-minute conversation litigating her case against Donald Trump, blasting the Republican nominee’s track record on abortion and women’s rights.”There are now 20 states with Trump abortion bans,” Harris told “Call her Daddy” host Alex Cooper. “This is the same guy that said women should be punished for having abortions.”In 2022, three Supreme Court justices whom Trump nominated during his presidency were part of a majority that overturned Roe v. Wade,…

By Lucy Lazarony, Next Avenue Kathi Balasek was still grieving for her late husband when she decided to buy a new car. She soon learned why people discourage recently bereaved family members and friends from making big financial decisions like buying a car while still grappling with their loss. “I bought a car I didn’t need — overpaid, had all the bells and whistles, extended warranties etc. — based solely on the color,” says Balasek a widow, advocate and university professor in Chico, California. “To be fair,” she adds, “the color was called cashmere.” Balasek now understands her rash action…