The average 60-something has just $112,500 in retirement savings, according to data from Northwestern Mutual. But ideally, you'll kick off your retirement with a much larger nest egg than that.
As we have no market moving economic data or earnings from companies that constitute a significant portion of any major market index, equity markets are in a holding pattern today.
Streaming specialist Roku (NASDAQ: ROKU) did not start the year on a strong note. Things have only worsened since early January: The company's shares dropped following its fourth-quarter earnings report. As things stand, Roku's shares are down by 29% year to date and are trading
A significant portion of the market's impressive run since the start of 2023 can be attributed to the monumental rise of the "Magnificent Seven" stocks. These businesses are industry-leading entities with a focus on innovation and tech-forward thinking.
(RTTNews) - Tuesday, Silicon Laboratories Inc. (SLAB) announced the appointment of Dean Butler as the company's new Senior Vice President and Chief Financial Officer starting on May 15, 2024.
(RTTNews) - While reporting its financial results for the fourth quarter on Tuesday, American Tower (AMT) initiated its property revenue for the full-year 2024.
(RTTNews) - Casino said the Paris Commercial Court approved the accelerated safeguard plans for the company and some of its subsidiaries. The company said, in the absence of a suspensory appeal, it is anticipated that all transactions provided for in the financial restructuring w
Indonesia plans to double its palm oil replanting subsidy to 60 million rupiah ($3,833.87) per hectare, its chief economic minister Airlangga Hartarto said in a statement on Tuesday, in efforts to accelerate the programme.
German consumer sentiment is expected to stabilize at a low level in March as households are confronted with great uncertainty due to constantly rising prices and a weaker outlook for Europe's largest economy, a survey showed on Tuesday.
Britain's code of good practice for asset managers will undergo a root-and-branch review to aid economic growth and international competitiveness, its compiler said on Tuesday, in a move that could see pay of top executives bumped up.
Asian shares slipped on Tuesday, with slightly warmer-than-expected Japanese inflation putting investors on guard ahead of price data due in Europe and the U.S. this week, though bitcoin extended gains on signs that institutional buyers are circling.
Pacific Islands nations most at risk from rising seas should consider novel debt-for-nature deals as high debt levels across the region make traditional loans unsustainable, a senior International Monetary Fund official said on Tuesday.
French construction-to-telecoms conglomerate Bouygues on Tuesday reported an annual operating profit above its target, as good performance across nearly all its segments, especially at the Equans unit, offset weakness in its real estate business.
(RTTNews) - Bouygues SA (BOUYY.PK), a French telecommunications, media, and construction company, reported Tuesday that its fiscal 2023 net profit attributable to the Group increased to 1.04 billion euros from last year's 973 million euros.
The German reinsurer Munich Re on Tuesday said it posted a 12% fall in net profit in the fourth quarter, a drop that was not as steep as analysts had expected and a result that helped the company surpass its full-year earnings target.
John Hathaway, managing partner at Sprott (TSX:SII,NYSE:SII), shared his thoughts on the disconnect between the gold price and gold stocks, explaining why it's happening and what could make gold stocks start moving.In his view, the rise of passive investing is one reason gold stocks have gotten stuck. Hathaway noted that this style of investing dominates the markets today, and it doesn't favor smaller sectors like precious metals. The popularity of exchange-traded funds (ETFs) is another factor. "I think it's fair to say that the gold-backed ETFs have cannibalized demand for gold-mining equities," he said. "Before (gold ETFs existed) it was really difficult for equity investors to position in the macro thesis behind gold ... without owning gold stocks." The gold price is already historically high, but Hathway said more momentum could push gold stocks up. "Is it US$2,100? Is it US$2,500? Somewhere along the way higher gold prices will generate interest in gold-mining stocks because they're leveraged to the gold price," he said, adding, "At some point a higher gold price will lead to such incredible cashflow and profitability that even this tiny little space will catch somebody's eye." But aside from a higher gold price, there are other elements that could drive interest in the gold space. "What would that be? I think it would be a reversion to mean, not just in the gold-mining space, but a reversion to mean in the external markets. We all know that the stock market basically has been driven by seven names ... again, if you're a contrarian it's an easy trade to make — sell the Mag 7 like (Stanley) Druckenmiller just did and look for something that's completely discounted," Hathaway said during the conversation. "That's not just the gold-mining space, you can talk about oil and gas, you can talk about some cyclical names. So I think that's one thing." The other is potential issues in the banking system, possibly in terms of commercial real estate. "In a way, you could have ... the dot-com crash in 2000, 2001 and the global financial crisis in 2007, 2008 combining to turn consensus investment banking upside down. That's the sort of thing that would lead investors to look for diversification, which gold represents," he said. "I believe that that's the scenario I would point to for the gold-mining industry and gold itself to come back into favor." Watch the interview above for more from Hathaway on gold and gold stocks. Don't forget to follow us @INN_Resource for real-time updates!Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.
Swiss dental implant maker Straumann on Tuesday forecast 2024 sales growth at a similar level to last year's, taking a cautious stance amidst prolonged economic uncertainty.
Bitcoin hit a two-year high on Tuesday on signs of large players buying the cryptocurrency, while smaller rival ether topped $3,200 for the first time since 2022.
Reuters
Checked
20 minutes 26 seconds ago
This feed is responsible for generating the rss feed related to the topic META