Traders work on the floor of the New York Stock Exchange.Brendan McDermid | ReutersIn tumultuous markets, investors can turn to dividend-paying stocks that offer income and can help cushion a portfolio in tough times.Given the massive universe of dividend-paying companies, selecting the right stocks can be a difficult task. To...
Year: 2024
‘Roaring Kitty’ post seems to show trader held onto giant GameStop stake after Monday’s rally
Keith Gill, known on Reddit under the pseudonym DeepF-------Value and as Roaring Kitty, is seen on a fragment of a youtube video displayed on a smartphone screen in front of GameStop logo.Pavlo Gonchar | Lightrocket | Getty ImagesMeme stock leader Keith Gill, who's behind GameStop's recent roller-coaster ride, appeared to...
Turkey’s inflation passes 75% in what economists believe is peak
City scene Yeni Camii great mosque by Golden Horn of Bosphorus River, Topkapi Palace, Hagia Sophia Istanbul, Republic of Turkey Tim Graham | Getty ImagesInflation in Turkey topped 75% in May, up from 69.8% in April, in what economists expect to be the peak before prices start to ease.Consumer prices rose...
Aston Martin gets a boost from Formula 1 and new high-performance models
With a parade of new models and a marketing tailwind from Formula 1, sports carmaker Aston Martin expects to become cash-flow positive this year, according to Executive Chairman Lawrence Stroll."We're now at a really transitional moment, with an inflection point for this company," Stroll told CNBC. "We're introducing all our...
Savings app CEO says 85,000 accounts locked in fintech meltdown: ‘We never imagined a scenario like this’
Oscar Wong | Moment | Getty ImagesWhen Adam Moelis co-founded a fintech startup named Yotta in 2019, he wanted to give Americans a new way to save money to help them cushion the ups and downs of life.Instead, his company has inadvertently been a source of deep pain for thousands...