Micron shares (MU) rose 17% before the bell on Thursday after the chipmaker forecast higher-than-expected revenue for the coming quarter. Micron forecast first-quarter revenue of $8.5 billion to $8.9 billion, above the $8.3 billion analysts expected. Company executives attributed the increased expectations to a more favorable pricing environment and robust demand for Micron’s memory chips … Read more
Robert Papalia took early retirement to care for his wife Marie.Robert Papalia Robert Papalia, 74, took early retirement to care for his ailing wife Marie. The couple’s monthly pre-tax retirement income is being squeezed by medical bills and taxes. Many Americans face similar financial challenges and rely on Social Security amid high medical costs. Robert … Read more
Getty; Chelsea Jia Feng/BI Hedge fund manager Eric Jackson believes an “everything rally” in the stock market could happen. Jackson compared the economic environment to the 1982 bull market, when interest rates fell and the economy grew. Interest rate cuts, economic growth and changes in the yield curve favor risky investments. The stock market’s relentless … Read more
Some wealthier millennials and Gen Zers are saving too much for retirement.Getty Images Nearly half of Americans who retire at age 65 are at risk of running out of money, Morningstar finds. Single women have a 55% chance of running out of money, more than single men and couples. Experts recommend better tax planning and … Read more