Stocks edge higher following durable goods report
NEW YORK — Stocks edged higher on Wall Street on Tuesday, helped by a report that showed American companies were investing in their businesses at the fastest pace since January. Trading was quiet...
View ArticleInvestor wants to flee foreign-bound companies
DEAR MR. BERKO: In my individual retirement account, I have 180 shares of Pfizer and 95 shares of Walgreen Co., and each is trying to merge with another company overseas to reduce taxes. My broker and...
View ArticleUS stocks rising as investors await Fed meeting
NEW YORK — U.S. stocks rose Tuesday as investors weighed earnings reports from several companies and awaited news from a two-day U.S. Federal Reserve meeting that ends Wednesday. KEEPING SCORE: The Dow...
View ArticleBERKO: Broker’s stock choices should outperform market
DEAR MR. BERKO: I have a five-year horizon and $15,000 to $20,000 of new money to invest. My broker has suggested buying 100 shares each of three specialty chemical companies, and I would like your...
View ArticleBERKO: When rates rise, Dow may be in for a bumpy ride
DEAR MR. BERKO: I just retired at age 67, and my certified public accountant, who is a friend, insists that I hire a money manager to run my $680,000 individual retirement account. Do you have any idea...
View ArticleBERKO: Stocks perform better with Democrat in Oval Office
DEAR MR. BERKO: Please settle an argument that I have with a stockbroker who is a staunch Democrat. He insists that stocks do much better under a Democratic president than a Republican president. How...
View ArticleBERKO: The long and short of selling stocks short
DEAR MR. BERKO: Is it possible to make money on a stock if it falls in value? Our broker has a list of nine stocks he believes will crash in the coming 12 months. He has advised my husband to put up...
View ArticleUS stocks fall sharply on bleak Chinese manufacturing report
NEW YORK (AP) — Stocks plunged again Tuesday, continuing a rocky ride for Wall Street, after gloomy economic data out of China rekindled fears that the world’s second-largest economy is slowing more...
View ArticleWorld stocks grind lower as Fed rate decision looms
LONDON (AP) — Global stock markets drifted lower Friday as investors closed out positions ahead of next week’s run of Chinese economic data and the Federal Reserve’s policy meeting. KEEPING SCORE: In...
View ArticleUS stocks drop as investors mull implications of Fed call
NEW YORK (AP) — U.S. stocks are lower in midday trading as investors fret about the outlook for global growth after the Federal Reserve decided to hold off raising interest rates. The Dow Jones...
View ArticleINVESTORS’ CORNER: Low overhead: Secret to success
Real estate investing is a business. Unlike investing in stocks, even a passive real estate portfolio requires a small degree of entrepreneurship and business systems. But the business style I...
View ArticleEnergy sector leads another decline in stocks as oil falls
NEW YORK (AP) — Energy companies and banks are leading an early decline on Wall Street as prices for oil and natural gas take another tumble. Bank stocks are also getting beaten down early Tuesday as...
View ArticleBERKO: Expecting flack over Shake Shack losses
DEAR MR. BERKO: I was considering opening a Shake Shack unit. So I visited several Shake Shack locations in Philadelphia and NYC and those were good experiences. But at age 66, I decided that operating...
View ArticleBERKO: Stocks will tumble if interest rates rise
DEAR MR. BERKO: In February of 2009, I wrote you for advice on how to invest $60,000 for safety and appreciation, and you told me to invest $6,000 each in AFLAC, United Health, Toyota, Federal Express,...
View ArticleBERKO: Rising consumer debt threatens car stocks
DEAR MR. BERKO: We have a $37,000 CD coming due at Wells Fargo. The teller introduced us to a wealth adviser who advised us to invest $25,000 in an annuity, then $6,000 in General Motors and $6,000 in...
View ArticleHigher stock prices, home values lift US household wealth
WASHINGTON (AP) — Americans’ household wealth jumped in the final three months of last year, pushed higher by rising stock prices and greater home values. That leaves many households, particularly...
View ArticleBERKO: That’s 72-square-inches of Canadian land
DEAR MR. BERKO: My dad died several years ago, and I found 72 individual share certificates for a land deed company called Klondike Big Inch Land Co. Inc., dated 1955. Our broker says the stock is...
View ArticleBERKO: University sports spending exceeds academics
DEAR MR. BERKO: My first question isn’t about stocks. Why have college costs nearly tripled since 2000? My brother, a chemistry professor, earned $71,000 in 2010, and last year he made $74,000. Even...
View ArticleA rebounding stock market helps lift US consumer confidence
WASHINGTON (AP) — U.S. consumers are feeling more confident in March, with a rebounding stock market brightening their outlook. The Conference Board said Tuesday that its consumer confidence index rose...
View ArticleBERKO: GTCs a good hedge against falling market
DEAR MR. BERKO: The stock market has recovered tremendously, but we think it will crash again. We have $83,000 to invest for growth and income. We are very nervous but desperately need more income. Two...
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