The U.S. Labor Department recently introduced a new rule that is set to have a significant impact on how financial professionals provide advice on rolling over money from 401(k) plans to individual retirement accounts (IRAs). The rule, known as the “fiduciary” rule, seeks to elevate the standards for brokers, financial advisors, and insurance agents who
Investment
As earnings season continues, analysts are closely monitoring the impact of macro challenges on companies to gauge their long-term prospects. Netflix (NFLX) is one stock that has caught the attention of top analysts. Despite disappointing investors with the decision to stop reporting quarterly subscriber numbers, the streaming giant reported better-than-expected results for the first quarter
When it comes to technology investing, ARK Invest’s chief futurist, Brett Winton, believes that there are five key areas that can give investors an edge. These areas, including robotics, artificial intelligence, multi-omics sequencing, public blockchain, and energy storage, are all entering the marketplace simultaneously. According to Winton, this convergence of technologies represents a unique moment
Wolfspeed, a semiconductor company specializing in silicon carbide technologies, has recently come under the radar of activist investor Jana, known for its strategic and long-term value approach. Jana has raised concerns regarding Wolfspeed’s supply and execution issues, urging the company to take some drastic actions to improve its performance and regain investor confidence. Wolfspeed, despite
Alphabet recently released its first-quarter report, exceeding Wall Street’s expectations in terms of sales, operating margin, and profits. Total revenue for the quarter reached $80.54 billion, marking a 15.4% increase year over year. Similarly, earnings per share saw a significant surge of 62% annually, settling at $1.89. This outstanding performance has positioned Alphabet as a
As Alphabet gears up to report its first-quarter earnings, analysts are closely watching the numbers. According to LSEG, the anticipated earnings per share are $1.51, and revenue is expected to reach $78.59 billion. Additionally, YouTube advertising revenue is predicted to be $7.72 billion, and Google Cloud revenue is projected to hit $9.35 billion. However, these
Bristol Myers Squibb took a major hit during the first quarter, reporting a net loss of $11.9 billion, or $5.89 per share. This loss can be attributed to one-time charges related to recently closed deals, including its acquisition of Karuna Therapeutics and collaboration agreement with SystImmune. In response to this financial setback, the pharmaceutical company
BlackRock, the biggest asset manager in the world, has recently introduced a groundbreaking product called LifePath Paycheck. This innovative product is designed to assist workers in transitioning their retirement savings into a consistent income stream that mirrors the paychecks they received during their working years. The CEO of BlackRock, Larry Fink, described this product as
Deutsche Bank has exceeded analyst expectations by reporting a 10% increase in its first-quarter profit, with a net profit of 1.275 billion euros. This marks the bank’s highest first-quarter profit since 2013 and its 15th consecutive quarterly profit. Group revenue also saw a 1% year-on-year rise to 7.8 billion euros, driven by growth in commissions,
Walgreens recently announced a significant expansion of its specialty pharmacy services by partnering directly with drugmakers to make cell and gene therapies more accessible to U.S. patients. This move comes as the company continues to invest in the growing specialty pharmacy segment, highlighting the increasing importance of providing care for patients with chronic, rare, or