Is farmland an inflation hedge? The owners of Farmland Partners Inc. (NYSE: FPI) probably think so. Unfortunately for them, it’s not working out right now as the real estate investment trust (REIT) dropped from $16.25 in April to its current price of $12.59. That’s a 22.5% loss in just five months — more than the … Read more
Netflix (NFLX) shares soared on Wednesday after Atlantic Equities upgraded the stock from Neutral to Overweight, citing upside potential in the streaming giant’s upcoming ad-supported tier. Analyst Hamilton Faber raised his price target to $283 from $211, surmising that the ad rollout “could be extremely material.” He added that he does not “believe the benefit … Read more
Lego, the world’s largest toymaker, reported record sales Wednesday from robust demand for its colorful plastic bricks despite rising costs and inflation hitting consumers. The Danish company, celebrating its 90th birthday this year, said revenue surged 17% in the first half of 2022 to hit $3.5 billion. Consumer sales grew 13% in all market groups, … Read more
Cathie Wood just called out the Fed’s biggest blind spot and warns of significant ‘price deflation in the pipeline’ — here are the top 3 stocks she likes right now It’s no secret that the Federal Reserve is committed to getting inflation back under control. The central bank raised its benchmark interest rates by 75 … Read more
How much money do I need to live entirely off dividends? Here is the lowest amount you can probably get away with Whether you’re just starting out your career or nearing retirement, the idea of stockpiling an investment portfolio to generate a passive income might be intriguing. But how much money do you realistically need … Read more
LeBron James is looking to capitalize on the pickleball craze that is sweeping the nation. The Lakers superstar and his longtime business partner Maverick Carter are buying a professional pickleball team, the Austin, Texas-based Major League Pickleball announced. James, whose vast business portfolio includes stakes in MLB’s Boston Red Sox and English soccer team Liverpool, … Read more
SmartAsset: How Much Would a $1.5 Million Annuity Pay? Annuities are a form of hybrid financial product. Part investment and part contract, they’re primarily sold by insurance companies as a way to save for retirement. While in recent years they have come under criticism for below-market returns, many retirees like them for the sense of … Read more
Boeing to sell 24 Dreamliners to Asian airline
A new drug can slow the insidious impact of Alzheimer’s Disease, a major clinical trial has found. Patients taking the drug, known as lecanemab, showed a 27% decrease in cognitive decline compared to a control group, according to developers Biogen, based in Boston, and Eisai, headquartered in Tokyo. “Starting as early as six months, across … Read more
Good Retirement Income Saving for retirement is perhaps the most major financial goal every American has. But once you retire, you’ll need an adequate income to replace what you were making pre-retirement. As you might imagine, this number will vary from person to person, since we all have different lifestyle plans for retirement. While Social Security will … Read more