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'What are the odds?  I retire and the stock market crashes.  All my plans are upside down.'  I want to draw on my 401(k) to renovate my new home.  What options do I have?

‘What are the odds? I retire and the stock market crashes. All my plans are upside down.’ I want to draw on my 401(k) to renovate my new home. What options do I have?

Dear Quentin, I’m due to retire in two months and I have already moved to my new home in the sun. I have not sold my apartment in a major US metropolitan area on the east coast, as I wanted to see how I settled into my new life. It’s a quiet, but beautiful city …

‘What are the odds? I retire and the stock market crashes. All my plans are upside down.’ I want to draw on my 401(k) to renovate my new home. What options do I have? Read More »

Berkshire Hathaway May Have Sold Verizon, Bought $10 Billion of Financials

Berkshire Hathaway May Have Sold Verizon, Bought $10 Billion of Financials

Text size Warren Buffett’s Berkshire Hathaway said it incurred $739 million of realized losses on equity sales in the first quarter. Paul Morigi/Getty Images for Fortune/Time Inc. Berkshire Hathaway ‘s record quarterly equity purchases of $51.1 billion in the first quarter, including large buys of Chevron and Western Petroleum , probably went up to the …

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Berkshire Hathaway's Earnings Fall as Market Tumult Weighs on Stock Portfolio

Berkshire Hathaway’s Earnings Fall as Market Tumult Weighs on Stock Portfolio

Berkshire Hathaway Inc.’s BRK.B -2.55% first-quarter earnings fell as turbulence across financial markets weighed on its giant stock portfolio and rising claims costs hurt its insurance-underwriting business. Warren Buffett’s company reported net income of $5.46 billion, or $3,702 a Class A share equivalent. That was down from $11.71 billion, or $7,638 a share, a year …

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Dow drops more than 500 points as S&P 500, Nasdaq head for worst month since March 2020

Dow drops more than 700 points as S&P 500, Nasdaq head for worst month since March 2020

US stocks were trading sharply lower Friday afternoon, as investors weighed fresh inflation data while technology-related stocks suffered after disappointing results from Amazon.com Inc. and a warning on rising costs from Apple Inc. How are stock indexes performing? The Dow Jones Industrial Average DJIA fell 773 points, or 2.3%, to about 33,143. The S&P 500 …

Dow drops more than 700 points as S&P 500, Nasdaq head for worst month since March 2020 Read More »

Dow drops more than 500 points as S&P 500, Nasdaq head for worst month since March 2020

Dow drops more than 500 points as S&P 500, Nasdaq head for worst month since March 2020

US stocks were sharply lower Friday afternoon, as investors weighed fresh inflation data while technology-related stocks suffered after disappointing results from Amazon.com Inc. and a warning on rising costs from Apple Inc. How are stock indexes performing? The Dow Jones Industrial Average DJIA fell almost 515 points, or 1.5%, to about 33,402. The S&P 500 …

Dow drops more than 500 points as S&P 500, Nasdaq head for worst month since March 2020 Read More »

'So bad, it's good.'  This beleaguered stock market has one big asset on its side, say strategists.

‘So bad, it’s good.’ This beleaguered stock market has one big asset on its side, say strategists.

A rough month for stocks is drawing to a close, and many investors likely won’t be sad to see the back of it. And the last day of April trade is looking weak as Apple and Amazon failed to raise the bar on a mixed season for tech earnings. Our call of the day comes …

‘So bad, it’s good.’ This beleaguered stock market has one big asset on its side, say strategists. Read More »

Opinion: Berkshire and Buffett have 5 words for sellers who want their money: 'Take it or leave it'

Opinion: Berkshire and Buffett have 5 words for sellers who want their money: ‘Take it or leave it’

As fans flock this weekend to Omaha, Neb. for Berkshire Hathaway’s annual shareholders meeting hosted by Chairman and CEO Warren Buffett, you may be wondering what all the fuss is about. The answer: unique mystic. Buffett and Berkshire BRK.A, +0.67% BRK.B, +0.51% are distinct in the corporate world for a combination of unusual practices and …

Opinion: Berkshire and Buffett have 5 words for sellers who want their money: ‘Take it or leave it’ Read More »

Microsoft Rises, Alphabet Falls: 'Not All Technology Stocks Are Created Equal'

Microsoft Rises, Alphabet Falls: ‘Not All Technology Stocks Are Created Equal’

Text size Coming into Wednesday’s trading, Microsoft stock has fallen almost 20% year to date. Gerard Julien/AFP via Getty Images It was a tale of two tech stocks Wednesday, as Microsoft rose and Alphabet fell following earnings. Microsoft stock was rising early Wednesday, with the software maker getting a boost from better-than-expected guidance for its …

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Opinion: Google's earnings should be a warning to investors in Facebook and other online-ad companies

Opinion: Google’s earnings should be a warning to investors in Facebook and other online-ad companies

Google’s earnings shortfall is an indication of trouble across the online-advertising industry, and should scare investors in Facebook and other competitors. Google parent company Alphabet Inc. GOOGL, -3.59% GOOG, -3.04% reported first-quarter results Tuesday that were slightly shy of Wall Street estimates, with revenue at Google and YouTube both hit by the war in Ukraine …

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My stepfather died.  He inherited my late mother's estate and always said he'd take care of us in his will.  How do I tactfully broach this issue with his children?

My stepfather died. He inherited my late mother’s estate and always said he’d take care of us in his will. How do I tactfully broach this issue with his children?

Dear Quentin, My former stepfather passed away a month ago. He was married to my mother in Nevada at the time of her passing 21 years ago. During their marriage she gave him quite a bit of money from her retirement fund to buy and upkeep properties that he/they owned. When she passed away, her …

My stepfather died. He inherited my late mother’s estate and always said he’d take care of us in his will. How do I tactfully broach this issue with his children? Read More »