Business

Suze Orman Calls The 4% Retirement Rule ‘Very Dangerous’ In Today’s Challenging Economic Climate Many Americans wonder how much money to withdraw from their retirement savings each year, and financial expert Suze Orman believes that the 4% retirement rule is no longer the answer. Orman, known for her blunt and hard-hitting financial advice, discussed why […]

Donald Trump’s media group appointed BF Borgers as its auditor in 2022 – Pool/Getty Images North America The audit firm used by Donald Trump’s social media company has been shut down by US regulators after being accused of running a “sham audit mill”. The Securities and Exchange Commission (SEC) charged BF Borgers and its owner […]

A handful of stocks are entering or about to enter the worrisome so-called death cross. A death cross is a price chart pattern that forms when a stock’s 50-day moving average slips below its 200-day moving average, lending a signal that investors are bearish on a stock or that the stock’s momentum is weakening and […]

Berkshire Hathaway shares are near all-time highs ahead of the conglomerate’s annual shareholder meeting, but a few worries are weighing on analysts’ minds. Berkshire’s Class A and B shares have each outperformed this year. In March, the firm’s Class A shares reached an all-time closing high of $634,440. They ended Thursday’s session at an eye-watering […]

The audit firm for Trump’s Truth Social media company has been charged with falsifying documentation to make it look like their accounting work abided by SEC standards. – Scott Olson/Getty Images The auditing firm used by Donald Trump’s Truth Social media company has been charged with “massive fraud” by the Securities and Exchange Commission for […]

Warren Buffett walks the floor and meets with Berkshire Hathaway shareholders ahead of their annual meeting in Omaha, Nebraska on May 3rd, 2024.  David A. Grogan When Warren Buffett kicks off Berkshire Hathaway‘s annual shareholder meeting on Saturday, the absence of Charlie Munger will be on everyone’s mind. Some 30,000 rapt shareholders are descending on […]

Job growth stumbled in April, with a few previous areas of strength showing meager job additions or even losses. The U.S. economy added 175,000 jobs overall, well below Wall Street expectations. Health care and social assistance again led the way with a gain of 87,000 jobs, but construction and leisure and hospitality added fewer than […]

Apple’s CEO Tim Cook attends the China Development Forum in Beijing on March 24, 2024. Pedro Pardo | AFP  | Getty Images Apple shares popped more than 6% Friday morning after the company reported better-than-expected second-quarter earnings and the largest-ever stock buyback program. If the gains hold until the market closes, it will be the […]

Amgen‘s stock rose more than 12% on Friday after the drugmaker teased positive initial data on its experimental weight loss injection.  That fueled investor concerns about new competition in the rapidly growing weight loss drug industry, sending shares of the current obesity players, Novo Nordisk and Eli Lilly, lower on Friday. Eli Lilly shares dropped […]

Shari Redstone, chair of Paramount Global, attends the Allen & Co. Media and Technology Conference in Sun Valley, Idaho, on Tuesday, July 11, 2023. David A. Grogan | CNBC Skydance Media is prepared to walk away from its offer for Paramount Global unless it receives a firm commitment from controlling shareholder Shari Redstone, following the […]

Rafael Henrique | Lightrocket | Getty Images The auditing firm for Trump Media and the auditor’s owner were charged Friday with “massive fraud” by the Securities and Exchange Commission for accounting work that affected more than 1,500 SEC filings, the federal regulator announced. The auditor, BF Borgers CPA, and its owner, Benjamin Borgers, have agreed […]