But you don’t have to be a multibillionaire like Ballmer to have a portfolio of dividend-paying stocks. Although Americans on the upper rungs of the economic ladder continue to own the lion’s share of stock in the United States, data from the Federal Reserve’s Survey of Consumer Finances show that 58% of U.S. families owned stocks in 2022 — the highest level ever recorded by the survey, and a sizable increase from the 32% ownership rate recorded in 1989. The data show stock ownership expanding among lower- ...

GlobalData research shows that younger consumers in the UK are more likely to hold pay-as-you-go (PAYG) or usage-based (UBI) car insurance policies. However, the latest Consumer Intelligence Car Insurance Price Index indicates that this group is facing rising premiums, with reports suggesting telematics providers are becoming less willing to offer competitive rates to younger drivers. GlobalData’s 2024 UK Insurance Consumer Survey shows that 14.4% of consumers aged 18 to 24 have a PAYG or UBI car insuranc ...

A 22-year-old Gen Z named Nick called into Dave Ramsey’s show asking the financial guru’s advice. The caller explained he was living at home with an annual income of $15,000. He also shared that he had managed to save $3,000 and had $43,000 invested — the majority in individual stocks. He asked Ramsey what kind of retirement account he should open. Instead of going over retirement account options, Ramsey advised Nick to put a pause on retirement contributions — at least temporarily. Instead, Ramsey said t ...

By Francesca Landini and Giancarlo Navach MILAN (Reuters) -Italian gas and electric utility Edison plans to replace some gas volumes from pipeline contracts with liquefied natural gas to gain more flexibility in managing demand, its CEO said on Wednesday. The company earlier announced a 15-year agreement with Shell to purchase around 0.7 million tonnes a year of U.S. LNG starting in 2028. European companies are stepping up LNG purchases to gain flexibility, so they can resell cargoes to other markets wh ...

Key Points Ripple has struggled for years to gain mainstream credibility. Ripple's reputation is changing fast, and so might adoption. 10 stocks we like better than XRP › It has been a terrific year for Ripple (CRYPTO: XRP). Since 2025 began, XRP has increased in value by more than 40%. This follows a spectacular 2024 performance that saw this crypto token nearly triple in value. There's one reason to believe that even more gains are on the way. Mass adoption may finally be on the way I have bee ...

Since December, Tesla's stock has dropped roughly 25%. Musk still holds around 16% of the automaker, a stake currently valued at close to $187 billion. The increase puts Ellison's estimated fortune at $393 billion, per Bloomberg Billionaires Index, ahead of Musk, who is worth $385 billion. The rise marks the sharpest one-day rise ever for a member of the index, the outlet reported. Ellison, 81, owns 41% – about 1.16 billion shares – of the software giant he cofounded in 1977. Oracle market value rocketed af ...

MADS CLAUS RASMUSSEN / Ritzau Scanpix / AFP / Getty Images Novo Nordisk expects the job reductions will save about $1.25 billion by the end of next year. Key Takeaways Novo Nordisk said it is laying off about about 9,000 positions or 11.5% of its workforce in a "transformation" of the drugmaker's business. The maker of Ozempic and Wegovy said the cuts are part of a plan to help the company grow its diabetes and weight-loss products. Novo Nordisk expects the job reductions will save about $1.25 billio ...

US President Donald Trump is launching an enforcement drive against pharmaceutical companies and social media influencers who are responsible for “misleading” drug advertising. The US Food and Drug Administration (FDA) is sending thousands of letters warning pharmaceutical companies to remove misleading ads, in addition to issuing around 100 letters to other companies demanding they pull deceptive marketing. The drive is via a presidential memorandum in which Trump has tasked health secretary Robert F Ke ...

By Tatiana Bautzer NEW YORK (Reuters) -Morgan Stanley co-president Dan Simkowitz said on Tuesday there is "dramatic improvement" on the deals outlook, not just compared with the months where tariff volatility froze discussions, but considering a longer period in the decade. Simkowitz said at a banking conference that companies are gaining confidence in reacting to deregulation policies, tax cuts and potential interest rate cuts through the end of the year. The executive said that after three years of lo ...

Key Points Oracle reported results that fell short of Wall Street's expectations. However, the company's backlog exploded higher, sending the stock into orbit. Oracle stock has seen a commensurate increase in its valuation. 10 stocks we like better than Oracle › Shares of Oracle (NYSE: ORCL) charged sharply higher on Wednesday, soaring as much as 41.3% in early trading. As of 10:42 a.m. ET, the stock was still up 39.1%. The catalyst that sent the enterprise database, cloud, and artificial intell ...