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Medical device maker Medtronic on Tuesday beat Wall Street estimates for quarterly profit, driven by higher sales in its surgical products unit and restorative therapies group. Its fast-growing minimally invasive therapies business, which makes surgical instruments and endoscopy products, brought in revenue of $2.12 billion, above analysts’ expectation of $2.08 billion. The company said it
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Are tech titans about to enter the world of ETFs? Given that Alibaba’s Ant Financial Group is already the world’s largest money market fund, Dave Nadig from ETF.com says it’s not such a far-out idea. As investing becomes more automated, tech companies like Amazon, Apple and Alphabet could bring their expertise to an industry stymied
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Large light wooden beams hang from the ceiling with signs for the health services: optical, lab services, hearing, the “health corner” – where patients can make appointments, and pharmacy. The health services share one waiting room though they each have their own room. People can head to the health corner to speak with a Walgreens
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Over the past century, hundreds of once-familiar brand names have been shipped off to the automotive scrapyard, but two long-dead makes will be vying for a revival next month at the annual Geneva International Motor Show. To find a place in a rapidly evolving auto industry, British-based Lagonda and Spain’s Hispano Suiza are looking forward
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If you’ve stashed some cash in a savings account, this is your time to shine. Signs of rising inflation, which pushed the Fed into hiking rates beginning in 2015, are finally having a significant effect on the annual percentage yield banks pay consumers on their money. As a result of the increase, savings rates are
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An influx of young investors are leading a charge of socially responsible and sustainable investing, funneling their money into investments and projects that serve the greater good. In financial circles, socially responsible investments (SRI) and funds geared toward environmentally, socially and governance-friendly (ESG) projects have grown in popularity with millennial investors. Those activities include avoiding
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Money manager Douglas Gordon is worried about a potentially widespread problem in long-term investors’ portfolios. Gordon, who’s instrumental in building Russell Investments’ asset allocation strategies, believes many investors haven’t rebalanced their portfolios to reflect the historic 2019 stock market rally. According to Gordon, the market rally’s robust gains are tilting investors too far into stocks.
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In order to reach your wealth-building goals, selecting the right kind of investment account is as important as choosing an appropriate asset allocation. By taking advantage of tax-favored accounts, millennial investors can supercharge their nest eggs. An often overlooked but powerful wealth-building tool is the health savings account. Contributions to an HSA are tax-deductible, and
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