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Americans' 'Magic Number' to Retire: $1.26 Million
In step with the decline in inflation from 5% to 3% in the past two years, Americans think they will need to save less, $1.26 million, to be able to retire comfortably, a Northwestern Mutual study found. That figure is down $200,000 from the $1.46 million reported last year.
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Dow Sinks as UnitedHealth Plunges
The S&P 500 and the Nasdaq were mostly flat Thursday on the final trading day of the week, with focus on U.S.-Japan tariff talks, while a slump in UnitedHealth's shares following a forecast cut by the insurer weighed on the Dow.
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Tariff-Crushed Stocks Find No Balm From Powell Remarks
Investors who may have been hoping the Federal Reserve is poised to come to the aid of tariff-rattled markets took away an unwelcome message from the central bank's chief on Wednesday: the Fed may be in a bind.
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Lilly Pill Leads to 8 Percent Weight Loss in Trial
Eli Lilly said on Thursday its experimental pill, orforglipron, led to a weight loss of nearly 8% at the highest dose and lowered blood sugar for overweight patients with Type 2 diabetes in a late-stage trial. Shares of the company jumped nearly 13% in premarket...
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Gold Rises 3.5% to Record $3,339 Amid Trade War
Uncertainties over the U.S.-China trade war left gold in an unstoppable position Wednesday, with bullion hitting another record high of $3,339 per ounce, last up 3.5%.
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Nasdaq Falls 4% as the Trade War Fog Thickens
U.S. stocks dropped as the costs of U.S. restrictions on global trade compounded. The S&P 500 fell 2.2% Wednesday. The Dow lost 1.7%, and the Nasdaq composite sank 3.1%.
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Treasuries Fall After Powell Signals Slowing Economic Growth
U.S. Treasury yields fell on Wednesday after comments from Federal Reserve Chair Jerome Powell stoked concerns about economic growth and inflation pressures.
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What You Don't Know About Annuities Can Hurt You
Lack of awareness leads many to overlook these potent financial tools.
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Tech Falls as Nvidia Says Chip Rules Will Cost $5.5B
Shares in computer chipmakers slumped Wednesday after Nvidia said tighter U.S. government controls on exports of computer chips used for artificial intelligence will cost it an extra $5.5 billion.
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Wall Street Seesaws to Tick Down, Snap 2-Day Win
U.S. stocks ended slightly lower Tuesday as tariff uncertainty stayed high and shares of consumer and healthcare companies eased, while upbeat results from banks provided some support.
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AI Focus Shifting From Infrastructure to Services
"How do you use AI?" That's my new go-to question when meeting contacts.
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Barclays Downgrades US Auto Sector Over Tariffs
Barclays Tuesday downgraded U.S. autos and mobility sector to "negative" from "neutral," warning that President Donald Trump's tariffs could pressure automakers' earnings and curb investments.
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Stocks Rise on Trump's Electronics Tariffs Pause
The three major U.S. stock indexes ended higher Monday, with Apple giving the S&P 500 a strong boost as the White House exempted smartphones and computers from new tariffs.
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BlackRock Boosts Outlook for US Stocks on Tariffs Pause
The BlackRock Investment Institute said Monday that it is taking a modestly more bullish stance on U.S. stocks following the announcement of a 90-day pause in implementing most U.S. tariffs.
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Citigroup Downgrades US Equities, Cuts S&P 500 Target Below 6000
Citigroup downgraded its stance on U.S. equities and slashed its S&P 500 index target for this year as it expects tariff uncertainty to hurt corporate America's earnings.
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Goldman Raises Year-End Gold Forecast to $3,700/oz
Goldman Sachs has increased its year-end gold forecast to $3,700 per troy ounce, citing stronger-than-expected central bank demand and heightened recession risks impacting ETF inflows.
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Dollar Slides as Confidence Shaken in US Asset Safety
The dollar continued to slide against major currencies Friday as the back-and-forth over import tariffs shook investor confidence in the safety of the greenback, sending it to its lowest level in a decade against the Swiss franc and a three-year low versus the euro.
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After Wild Swings, S&P 500 Notches Best Week Since '23
Wall Street posted solid gains Friday as big banks kicked off first-quarter earnings season and investors closed the book on a turbulent week of wild swings driven by the chaos of U.S. President Donald Trump's hydra-headed trade war.All three major U.S. indexes ended the...
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Broadening Asset Volatility Intensifies Worries for Stocks
Wild swings in global markets are poised to keep U.S. stock investors on edge in the coming week, as a weakening dollar and a selloff in Treasuries compound extreme equity volatility that erupted after President Donald Trump launched his sweeping tariffs.
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Freak Selloff of Safe-Haven US Bonds Raises Rattles Wall Street
The upheaval in stocks has been grabbing all the headlines, but there is a bigger problem looming in another corner of the financial markets that rarely gets headlines: Investors are dumping U.S. government bonds.
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Brokerages Slash S&P 500 Annual Targets
Analysts expect U.S. President Donald Trump's tariffs to weaken global economic growth, fuel volatility in global markets and raise inflationary pressures.
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Gold Surges Past $3,200 in Record Rally
Safe-haven gold surpassed the key $3,200 mark for the first time Friday, spurred by a weaker dollar and economic concerns due to an intensifying trade war.
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Investors in High Anxiety Mode After Painful Week
Trillions of dollars in market prices alternately have been wiped off and added back to portfolios, leading to high anxiety among investors and a move by some to dial down risky positions as they wait to see how the Trump administration's policy on tariffs shakes out.
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Stocks Crushed as Investors Flee on Tariff Risks
Wall Street stocks tumbled Thursday on mounting worries over the economic impact of U.S. President Donald Trump's multi-front tariff war.
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Janus Henderson: Cut Stock Exposure as Recession Looms
Janus Henderson, which manages $379 billion in assets, is advising investors to cut stock holdings and buy more investment-grade sovereign bonds as tariffs threaten to slow global growth, a fund manager said.