After a nearly 29% total return for the S&P 500 this year, history suggests 2022 may see more gains for investors. Truist Advisory Services co-chief investment officer Keith Lerner found that going back to 1950, when the S&P 500 had a total return of at least 25% in a year, stocks usually rose in the following year. The outcome during that 71 year stretch: stocks advanced 82% of the time, or 14 out of 17 instances. As the data shows, however, it’s not always sunshine and rainbows after a big… Source link
Read More »‘2021 was the best year we have ever had’
In just three years, All Elite Wrestling has disrupted an entire industry and, when all is said and done, 2021 may go down as the defining year for Tony Khan’s professional wrestling promotion. Founded in 2019, AEW has rapidly grown into one of the dominant forces in the pro wrestling business, but not without experiencing some bumps in the road. AEW spent much of its first year preparing for its major cable television launch, which took place in October 2019. Although the company held… Source link
Read More »Cathie Wood was put to the test in 2021 and next year won’t be any easier
Like many of us, Cathie Wood has had a crazy 2021. Investors in her flagship fund might argue that the year was even crazier. Ark Innovation (ARKK), Wood’s main ETF, is poised to end 2021 down by nearly 25%, even as the S&P 500 is up by about the same amount. But the Ark Invest CEO is staying the course with bold bets on high-flying tech companies and chiding critics who commit to benchmarks “unlikely to generate even average returns during the next 10 years” — even as her own… Source link
Read More »Yahoo Finance: Dave Nadig on a Record Year in ETF Flows
It’s been a blockbuster year for ETFs, with over $900 billion in flows to the space. Dave Nadig, CIO and director of research at ETF Trends, discusses the big moments in ETFs and what to expect looking forward into 2022 on Yahoo Finance’s “ETF Report.” With nearly $670 billion going into primarily U.S. equities, one of the biggest stories wasn’t actually a story at all; big, cheap beta was the name of the ETF game for 2021…. Source link
Read More »Tesla’s Musk exercises all of his stock options expiring next year
San Francisco (Reuters) -Tesla Inc Chief Executive Elon Musk has exercised all of his options expiring next year, signaling an end to his stock sales that triggered a fall in the share price of the world’s most valuable carmaker. Musk said last week that he would reach his target of selling about 10% of his stake in Tesla “when the 10b preprogrammed sales complete,” likely referring to his options-related stock sales. Since early November, he has exercised options expiring next… Source link
Read More »A DoorDash employee making $400K a year complained about a company-wide initiative requiring that he personally make one delivery a month
DoorDash is making all its employees — even the CEO — work as delivery drivers at least once a month.Noam Galai/Getty Images DoorDash is reinstating its WeDash program. The program requires staff — including the CEO — to work as delivery drivers at least once a month. One employee who said they make $400K a year vented on social media about having to do the program. The delivery service DoorDash is making all its employees — even the CEO — deliver at least once a month, but not… Source link
Read More »Tesla Could Rise 30% Next Year on China Demand, Wedbush Says
(Bloomberg) — Tesla Inc. is in a strong position heading into 2022, with catalysts including robust Chinese demand and new factory openings in the U.S. and Germany, according to Wedbush. Most Read from Bloomberg Shares in the electric-vehicle maker could gain nearly 30% over the next 12 months, analyst Daniel Ives wrote in a note. He expects component shortages to ease next year, allowing Tesla to better meet growing demand in China, while new factories in Austin, Texas and Berlin should… Source link
Read More »Why 2022 is the year student loans could be linked to your 401(k)
Retirement reform advocates in Washington have had a bumpy 2021. Multiple efforts to help people save more effectively for retirement, including one informally called SECURE 2.0, seemed to be on track for passage before Congress’ other efforts crowded them out. But the effort may gain renewed traction in 2022. In a recent webinar co-hosted by Yahoo Finance and the Bipartisan Policy Center, Rep. Fred Keller (R-PA) said, “I think our chance for success in the upcoming year to get the SECURE… Source link
Read More »TikTok Just Ended Google’s 15 Year Reign as the World’s Most Popular Web Domain
For most of the last decade and a half, Google has been the most visited web domain in the world, and it’s not even close. The last time another site posed a real challenge for the top spot was Yahoo, and that was a decade ago. When you consider the number of people who use Google’s services every day for everything from school assignments, collaborating on documents, finding directions, sharing photos, and well, searching for just about everything, it’s not all that surprising. Google is… Source link
Read More »Meta/Facebook is the worst company of the year: Yahoo Finance readers
Every December, Yahoo Finance selects a Company of the Year, based on its market performance and its achievements that particular year. In 2021, Microsoft (MSFT) took home the crown, smashing through the $2 trillion market capitalization mark and seeing a 53% surge in its stock price as of Dec. 16, year-to-date. However, the spirit of Festivus has taught us we can learn just as much from the bad as the good by airing our grievances. That’s why Yahoo Finance also selects a Worst Company of… Source link
Read More »