Funny Video Clip on Buying Selling on Craigslist
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Here's how much the average working boomer has saved for retirement
Three news items that say a lot about the retirement crisis facing Americans and what we can do about it—if we want to. The first is a survey of 1,000 working Americans conducted recently showing much, or little, they have saved for retirement. Less than half of those surveyed have saved $100,000: Not even close to enough to support a median income of around $40,000 a year in retirement.
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Retirement accounts pummeled as a result of market volatility
Yahoo Finance's Kerry Hannon details the decline in retirement accounts amid recent market volatility as people seeking to retire aim to minimize impacts on 401(k) returns, in addition to how millennials are approaching retirement and Social Security savings.
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Deep rift lies behind Biden's criticism of oil and gas industry
U.S. President Joe Biden has publicly criticized oil and gas executives for banking big profits from high gasoline prices but he has rarely spoken directly to the heads of energy companies or their representatives, White House records and interviews with industry sources show. Biden said at a labor union event this month that Exxon Mobil Corp "made more money than God this year" and sent a letter to seven oil and gas companies calling on them to increase production to help ease the burden on consumers. His actual engagement with energy company officials is rare, however, according to the industry sources and records, a marked contrast to Biden's meetings with top executives in retail, logistics and agriculture, as the government grapples with inflation at a 40-year high and supply chain snarls.
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Why Tesla Shares Jumped Initially, Then Retreated Today
Investors pushed the share price of Tesla (NASDAQ: TSLA) up 4% this morning, likely after the electric vehicle (EV) stock made double-digit percentage gains yesterday following comments by Tesla CEO Elon Musk. It may have to do with Tesla's Shanghai factory. Reuters reported today that Tesla's Shanghai factory will suspend operations for two weeks as the EV company makes some upgrades to the factory.
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Musk says Tesla's new car factories 'losing billions of dollars'
SAN FRANCISCO (Reuters) -Tesla Inc's new car factories in Texas and Berlin are "losing billions of dollars" as they struggle to increase production because of a shortage of batteries and China port issues, Chief Executive Elon Musk said in an interview published on Wednesday. The club divided its interview with Musk into three parts, the last of which was released on Wednesday. Musk said Tesla's Texas factory produces a "tiny" number of cars because of challenges in boosting production of its new "4680" batteries and as tools to make its conventional 2170 batteries are "stuck in port in China."
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Mystery Surrounds $500 Million Outflow From Bitcoin ETF
(Bloomberg) -- North America's first Bitcoin exchange-traded fund is at the center of a crypto-market guessing game after it saw record one-day outflows of $500 million last week. Most Read from BloombergThe World's Bubbliest Housing Markets Are Flashing Warning SignsJuul Soon to Be Ordered Off the Market by FDA, WSJ ReportsSwitzerland Imports Russian Gold for First Time Since WarStocks Snap Rally as Recession Fears Mount: Markets WrapLiz Cheney Is Paying the Price in Her Home State for Crossing
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SoFi Stock: Near-Death Experience, or Deep Discount Bargain?
It's hard to put a positive spin on a stock that's shaved 65% off its value since the beginning of the year – a feat achieved by SoFi Technologies (SOFI). The thing is, such a performance is not an anomaly in 2022. Many stocks are in the same predicament, which raises the question whether the scores of beaten-down names will eventually stage a comeback. Some will and some won't. After meeting up with SoFi CEO Anthony Noto and CFO Chris Lapointe, Mizuho analyst Dan Dolev thinks SoFi is well-posit
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9 Value Stocks to Buy in 2022 According to David Abrams
In this article, we will look at 9 value stocks to buy in 2022 according to David Abrams. If you want to skip reading about David Abrams' investment philosophy and his hedge fund's performance, you can go directly to 4 Value Stocks to Buy in 2022 According to David Abrams. David Abrams started his investment […]
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Goldman Sachs: These 3 Stocks Have Over 40% Upside Despite Market Uncertainty
The clouds are gathering on the global economic horizon. In a clear sign that the good times of easy money are well and truly over, last week three major central banks – the US Federal Reserve, the Bank of England, and the Swiss National Bank – all enacted interest rate increases. For the Federal Reserve, it was a 0.75% hike, the largest bump since 1994, in reaction to news that the year-over-year inflation rate had reached a 40+ year high of 8.6%. So, how can investors ride out this hostile env
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U.S. tech companies yank job offers, leaving college grads scrambling
One by one, over the last week of May, Twitter Inc rang up some members of its incoming class of new hires who had recently graduated from college and revoked the job offers in 15-minute calls, according to some of the recipients. "It was traumatic," Iris Guo, an incoming associate product manager living in Toronto, told Reuters. More than 21,500 tech workers in the United States have lost their jobs so far this year, according to Layoffs.fyi, a website that monitors job cuts.
Source: https://finance.yahoo.com/video/man-attempts-sell-1999-toyota-195344416.html
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