Month: July 2020

The past couple of months have been downright lonely for many of us.
When was the last time you saw your grandchildren?
(No, FaceTime doesn’t count!)
How long has it been since you held them in your arms?
Sure, some restrictions are starting to lift… but the resurgence of COVID-19 cases is unignorable.
One thing is certain: The era of mandatory face masks and social distancing is far from over.
And it is taking a toll on us mentally.
A few months ago, many of our routines were disrupted. Our social connections were abruptly cut off.
But we quickly adapted to our new practices – most of which …read more […]

…read more […]

…read more […]

Stocks fell Thursday with a selloff accelerating as investors focused on the U.S.’s unchecked coronavirus crisis and a new rise in unemployment claims. Tech shares led declines, with each of Facebook, Amazon, Apple, Netflix, Alphabet and Microsoft falling during intraday trading.
…read more […]

Shares rose nearly 8% to $33.50 as of 4:30 p.m. ET. …read more […]

An administrative court run by the U.S. Patent and Trademark Office rejected arguments by Moderna that an Arbutus patent known as the ‘069 patent should be revoked because it described obvious concepts. LNP technology is crucial to Moderna’s vaccine development efforts, and the patent ruling could increase pressure on the Cambridge, Massachusetts-based firm to pay for a license to Arbutus’ patent portfolio, said Zachary Silbersher, a patent lawyer in New York not involved the case. …read more […]

(Bloomberg) — Intel Corp. shares slumped after the world’s largest chipmaker said a new 7-nanometer production process was delayed again.“The company’s 7nm-based CPU product timing is shifting approximately six months relative to prior expectations,” the company said as it reported quarterly results on Thursday. “The primary driver is the yield of Intel’s 7nm process, which based on recent data, is now trending approximately twelve months behind the company’s internal target.”Intel shares fell almost 9% in extended trading. Advanced Micro Devices Inc., a rival, jumped 6%.Competitive pressure has been building on Intel in recent years. The company designs and manufacturers its …read more […]

…read more […]

MENLO PARK, Calif. …read more […]

Building wealth in your 30s should be a continuation of building wealth in your 20s. There are a number of steps to building wealth that you have hopefully already taken. There are other steps that you should take now.
The average net worth of a 30-year old American is about $7,000. That may not sound like a lot, but when many Americans have a zero or negative net worth, it’s not so bad.
Improving your net worth means continuing to increase assets and decrease debt. In order to do so, you will need to keep earning more income, cutting down expenses, paying …read more […]

(Bloomberg) — Just three days after the Nasdaq 100’s biggest rally since April, those gains are history, and warnings are getting louder that tech stocks are in a bubble.Fifty-year Wall Street veteran Ned Davis added his venerable voice to the chorus of worriers, citing the speed of the index’s advance — before today — and surging share volume. The Nasdaq 100 was down 2.8% Thursday, wiping out its gain for the week.Of particular concern to bulls were plunges in Microsoft Corp. and Tesla Inc., right after reporting earnings that exceeded analyst forecasts. The very biggest internet and software companies, collected …read more […]

…read more […]

The dollar slipped to an almost two-year low and gold rose further on Thursday as a gauge of global equities retreated on concerns about a potential probe of Apple Inc took the wind out of the high-flying tech sector. Multiple U.S. states are investigating Apple for potentially deceiving consumers, according to a March document obtained by a tech watchdog group. Apple shares fell 4.3% and pulled the Dow, Nasdaq and S&P 500 lower. …read more […]

(Bloomberg) — Warren Buffett’s Berkshire Hathaway Inc. bought roughly $813 million worth of Bank of America Corp. stock, piling more funds into the lender amid its 31% slump this year.Berkshire purchased roughly 33.9 million of the company’s shares this week, boosting its stake by more than 3% to about 981.7 million shares, according to a regulatory filing Wednesday. Buffett’s conglomerate added the shares at an average price of $23.99.Berkshire is ramping up its bet on Bank of America after receiving the green light from the Federal Reserve when its holdings surpassed a 10% ownership level, a key threshold requiring regulatory …read more […]

(Bloomberg) — After doubling the value of Tesla Inc. shares over the past three months, investors took a breather on Thursday following the electric-vehicle maker’s fourth consecutive quarterly profit, which was widely anticipated by the market.Tesla’s market valuation of $280 billion now dwarfs even the largest traditional carmakers, and its stock has soared 262% this year, even after a steep decline in February and March on coronavirus-related concerns. The shares dropped as much as 7% to $1,480.77 on Thursday after initially rising on the news of second-quarter profit and the enhanced possibility it will enter the S&P 500 Index.With the …read more […]