Jeff Bezos Getty Images Jeff Bezos lost $7 billion in paper wealth overnight, and more than $18 billion over the past month, as Amazon’s share price has plunged on fear that the coronavirus outbreak will slow the global economy. The world’s richest person saw his wealth drop to $110 billion overnight, down from $117 billion,
The stock market continues to slide as coronavirus concerns persist, but shares of Amazon are looking like a buying opportunity, CNBC’s Jim Cramer said Monday. “I like Amazon right here,” Cramer said on “Squawk on the Street.” “I think you start a position in Amazon absolutely.” Amazon’s stock was down more than 2% on Monday and
Jim McGuire | Getty Images As the market hits the skids, experts are warning that you shouldn’t make rash moves with your portfolio. And that includes one retirement income source you might turn to for safety: your Social Security benefits. A recent survey from SimplyWise, a retirement income technology provider, found that 1 in 4
Apparently truck owners like nice things, too. Automakers are raking in cash and industry awards selling high-end versions of the stalwart workhorse of vehicles, the pickup truck. In recent years, General Motors, Ford and Fiat Chrysler have seen average transaction prices for sophisticated and well-appointed versions of their strong-selling pickup trucks soar even above the average
Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., March 2, 2020. Brendan McDermid | Reuters Stock futures tumbled early Monday morning as investors continued to brace for the economic fallout from the spreading coronavirus, while a shocking all-out oil price war added to the anxiety. As of
The 2020 Cadillac XT5. Mack Hogan | Getty Images The Cadillac XT5 is one of General Motors’ quiet success stories. It’s not the flashiest or best-known luxury vehicle in its class, but it’s consistently one of the bestselling luxury vehicles in the country. On the face of it, that makes sense. The XT5 is an
Vladimir Putin just sparked what could end up being one of the ugliest oil price wars in modern history, and American oil and gas companies may be the victims. This weekend Saudi Arabia dropped the oil bomb. It not only cut its forward crude price to Chinese customers by as much as $6 or $7
The Toyota Camry has a reputation, even within Toyota itself, for being a humdrum car. But gosh does it ever sell. The Camry was the top-selling passenger car in the United States in 2019, and is one of the best-selling vehicles of all time. It remains one of Toyota’s most successful vehicles of any shape,
Take a look at some of the biggest movers in the premarket: Costco (COST) – Costco reported quarterly earnings of $2.10 per share, 4 cents a share above estimates. Revenue also beat forecasts. Costco has been experiencing a surge in sales of consumer staples in recent weeks due to the coronavirus outbreak, and reported a
Getty Images Recent wild market swings have led some 401(k) investors to clamber into safer assets. However, you may want to press pause before you increase your exposure to bonds or cash-type funds. Net trading activity in 401(k) saving plans was higher in the last week of February than all of the combined activity in