There’s a massive wealth transfer underway. “It has started and it’s only going to accelerate,” said Liz Koehler, head of advisor engagement for BlackRock’s wealth advisory business. Baby boomers are set to pass more than $68 trillion on to their children. And yet, some millennials and Generation Z may not be inheriting as much as they think. Recent reports…
The Biden administration has told the online banking group Chime it must pay $4.55 million for failing to issue refunds in a timely manner to customers who had closed their accounts. The Consumer Financial Protection Bureau announced Tuesday that Chime must provide at least $1.3 million in compensation to consumers…
For the first time since 2009, the box office doesn’t have a Marvel film to kick off the summer movie season — and it shows. Since the 2008 release of “Iron Man,” Marvel Cinematic Universe films have consistently launched this highly lucrative moviegoing season, with only two films generating less…
The former president of the MGM Grand casino in Las Vegas is set to be sentenced Wednesday afternoon on a federal criminal charge related to his failure to report millions of dollars in wagers by an illegal bookmaker at his casino. Scott Sibella, the ex-MGM executive, pleaded guilty in January…
The bundle is back. Disney and Warner Bros. Discovery are planning to offer their streaming services — Disney+, Hulu and Max — in a bundle mirroring the traditional cable TV package, the companies said Wednesday. The latest iteration of the bundle, which will be available this summer, will be offered on both the…
In this edition of StockCharts TV‘s The Final Bar, Dave focuses in on price pattern analysis for the S&P 500, then reflects on the emergence of defensive sectors like consumer staples. He also recaps earnings movers, including DIS, SHOP, and more. This video originally premiered on May 7, 2024. Watch on our dedicated Final…
On this week’s edition of Stock Talk with Joe Rabil, Joe explains how he uses a rising volatility condition to signal increased risk. He then discusses what needs to take place to offer a nice trading opportunity, and shows how to adjust your approach when volatility is increasing. Joe then…
The Dow Jones Industrial Average ETF (DIA) 20-day EMA crossed up through the 50-day EMA (a Silver Cross), generating an IT Trend Model BUY Signal. The Dow saw a better rally today than the SPY, but under the hood it isn’t quite as strong as the SPY. We do still…
In this edition of StockCharts TV‘s The Final Bar, Dave recaps a choppy day for equities, with utilities remaining atop the leaderboard for a second straight session. He lays out a potential reversal in interest rates, what that could mean for growth stocks, and recaps earnings plays including WYNN, SHOP, and more.…
The Biden administration has paused shipments of two types of precision bombs to Israel in response to U.S. opposition to Israeli forces’ operation in Rafah, according to a U.S. official. One shipment of 1,800 2,000-pound bombs and 1,700 500-pound bombs the administration says might be used in Rafah has been…