Many investors are well-versed in the concept of asset allocation, which involves selecting the right mix of stocks and bonds to balance risk and return. However, equally important is where those assets are held, known as asset location. This strategy is particularly crucial for wealthier investors as it aims to minimize taxes, ultimately boosting after-tax
General Motors has recently announced a significant change in their all-electric BrightDrop commercial vans lineup by integrating them into the Chevrolet brand. This strategic move aims to boost sales, enhance accessibility, and increase recognition of these vehicles among consumers. The decision to merge BrightDrop vans with Chevrolet is expected to leverage the robust reputation and
The CNBC nightly stocks newsletter provided a broad overview of the performance of various companies after hours. The newsletter highlighted key points such as Nvidia’s decline by 7% after reporting its quarterly report, Salesforce’s 4% increase after beating expectations, and CrowdStrike’s downfall of over 2% despite reporting positive earnings. While the newsletter provided a quick
Chinese electric car companies are stepping up their game by entering into a new battleground: chip-powered tech features. The likes of Nio and Xpeng have recently announced that their in-house designed auto chips are ready for production, marking a significant shift in the industry. While many major Chinese electric car manufacturers have previously relied on
In the midst of escalating tensions between the United States and China, President Joe Biden and Chinese President Xi Jinping are scheduled to have a phone call in the upcoming weeks. This announcement was made by the White House, coinciding with U.S. national security adviser Jake Sullivan’s visit to Beijing to meet with China’s top
Salesforce reported a 4% increase in shares following their robust fiscal second-quarter results. The company surpassed earnings per share expectations, reporting $2.56 adjusted vs. $2.36 expected, and revenue of $9.33 billion vs. $9.23 billion expected. This strong financial performance highlights the company’s ability to deliver value to its stakeholders and maintain its competitive edge in
The U.S. Department of Education recently unveiled plans for the rollout of the 2025-26 Free Application for Federal Student Aid (FAFSA). The department announced that the FAFSA would be made available to specific groups of students in a series of beta tests beginning on Oct. 1, with full access for all students and contributors expected
Last week, mortgage rates experienced a decline for the fourth consecutive week. Despite this, the response from both existing homeowners and potential homebuyers was lackluster. The Mortgage Bankers Association reported that total mortgage application volume only increased by 0.5% compared to the previous week. The average contract interest rate for 30-year fixed-rate mortgages with conforming
In the first half of 2024, the toy industry faced a challenging time due to inflation, leading to a decline in sales. However, amidst this downturn, Lego managed to defy the odds and experience a remarkable 13% increase in revenue. This surge amounted to 31 billion Danish krone, equivalent to about $4.65 billion. Niels Christiansen,
JD.com, a prominent Chinese online retailer, recently announced a $5 billion buyback, leading to a 1.2% increase in its Hong Kong-listed shares. This positive response contrasted with the overall decline in the Hang Seng index, indicating investor confidence in the company’s strategic move. Similarly, JD.com’s U.S. listed shares rose by 2.24% following the announcement, despite