Former President Donald Trump.Scott Olson/Getty Images Trump is set to get millions of extra shares if Trump Media trades above $17.50 through Tuesday’s session. That would see the former president awarded $1.3 billion in extra stock. The stock has risen…
Finance
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Cigarette smoking has been in decline for decades, but that hasn’t stopped Altria Group (NYSE: MO) from making heaps of dividend payments to satisfied shareholders. The company behind the leading Marlboro brand raised its quarterly payout 58 times over the…
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Finance
The stock market is headed for a hard ‘reset’ that could take years to recover from, CIO says
Yichiro Chino/Getty Images Stocks are poised for a “reset,” according to Technical Traders’ Chris Vermeulen. Defensive areas of the market are rallying, which is typical in a late-stage bull market. Bull markets are inevitably followed by bear markets and a…
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(Bloomberg) — Shares in Asia slipped Monday, tracking a fall in US equities, as markets grappled with ratcheting tensions after Iran’s unprecedented attack on Israel at the weekend. Most Read from Bloomberg Equity benchmarks in Japan, South Korea and Australia…
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Finance
Investors should immediately buy the stock market’s post-CPI dip with a June rate cut still on the table, Fundstrat says
Tom Lee was formerly JPMorgan’s chief equity strategist.Brendan McDermid/Reuters Investors should take advantage of the inflation-induced market sell-off and buy stocks, according to Fundstrat. Fundstrat’s Tom Lee said there was real progress made in the March CPI report, suggesting that…
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(Reuters) – Shares of Donald Trump’s media and technology firm fell as much as 12% on Monday, extending a selloff that has now reduced the value of his stake in the operator of Truth Social to $2.9 billion. After its…
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Finance
California-based 99 Cents Only Stores is closing down, citing COVID, inflation and product theft
SAN FRANCISCO (AP) — California-based 99 Cents Only Stores said Friday it will close all 371 of its outlets, ending the chain’s 42-year run of selling an assortment of bargain-basement merchandise. The company has stores across California, Arizona, Nevada and…
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(Bloomberg) — Intel Corp., revealing new details about its manufacturing operations, said that losses have deepened at the chipmaker’s factory network and the business may not reach a break-even point for several years. Most Read from Bloomberg Intel Foundry, a…
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Finance
The stock market is sending retirement account balances soaring. Here’s why experts say retirees still need to tread carefully.
Westend61/Getty Images Stellar stock-market returns have boosted Americans’ retirement account balances. The number of 401(k) millionaires is up and average account balances are the highest in two years. Sources caution anyone thinking about retirement not to get complacent and plan…
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Finance
Florida Governor Ron DeSantis Signs Legislation to ‘End the Squatters Scam & Protect Homeowners’
In a post on X, formerly Twitter, Florida Governor Ron DeSantis announced that he signed legislation “to end the squatters scam & protect homeowners.” “We are putting an end to the squatters scam in Florida,” DeSantis said in a release…