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☆ Here are Wednesday's biggest analyst calls: Nvidia, Apple, Nike, Rivian, Reddit, Disney, Micron, Redfin, Block, Ferrari & more
▼ + stars: | 2024-05-08 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Bank of America reiterates Apple as buy Bank of America is sticking with its buy rating on shares of Apple after its Tuesday iPad event. Bank of America reiterates Rivian as buy Bank of America said it's standing by the EV maker following earnings on Tuesday. " Bank of America initiates Sutro as buy Bank of America said it's bullish on shares of the biotech company. Deutsche Bank upgrades Boston Beer to hold from sell Deutsche upgraded the stock mainly owing to valuation. Bank of America reiterates Nvidia and Micron as buy Bank of America said it's sticking with buy ratings on both Nvidia and Micron.

Persons: Wells, Baird, Apple, Morgan Stanley, NKE, Reddit, Rivian, RIVN, Rosenblatt, Raymond James, it's, Roth, SHLS, Goldman Sachs, Goldman, ZI, YTD, Stephens, Ferrari Organizations: Hexcel Corporation, Old Dominion, Bank of America, Apple, Nike, Citi, Barclays, Disney, Nasdaq, JPMorgan, VMware, Broadcom, Deutsche Bank, Boston Beer, Deutsche, Nvidia, Micron, AMD, ARM, MU, Garden Entertainment, Knicks, Rangers, UBS, Ferrari Locations: Old, Disney, Datadog, RDFN

☆ Summer box office bust? This season's movie slate could put up the lowest haul in decades
▼ + stars: | 2024-05-08 | by ( Sarah Whitten | ) www.cnbc.com time to read: +2 min

For the first time since 2009, the box office doesn't have a Marvel film to kick off the summer movie season — and it shows. This year, the headline film for the first summer weekend was Universal's "The Fall Guy." The result could send the 2024 summer box office down as much as $800 million compared to 2023, according to Comscore's Paul Dergarabedian, and have ripple effects for the whole year. At present, analysts believe the summer movie season will exceed $3 billion in ticket sales, but just barely. Before Covid, the summer box office consistently topped more than $4 billion.

Persons: Guy, Ryan Gosling, Emily Blunt, Eric Handler, Roth MKM, bode, Comscore's Paul Dergarabedian, doesn't Organizations: Labor, Disney Marvel

☆ Did menswear win the 2024 Met Gala? The best dressed men on the red carpet
▼ + stars: | 2024-05-07 | by ( Leah Dolan | ) edition.cnn.com time to read: +4 min

Nods to the event’s dress code, JG Ballard’s 1962 short story “The Garden of Time,” came in all forms. Wisdom Kaye's Robert Wun suit included a corsage, burnt at the edges like the lapels of his overcoat and hat. Coleman Domingo similarly finished off his billowing Willy Chavarria suit with black-rimmed eyes and a drooping bunch of wistful white lilies. Barry Keoghan's Burberry suit came with a satin necktie, top hat and three watches. Mike Coppola/MG24/Getty Images for The Met Museum/VogueAs always, a few stars miss — or dodge — the theme entirely, and menswear this year was no exception.

Persons: Gigi Hadid, Jordan Roth, Emily Ratajkowski, ”, Lewis Hamilton, Nicholas Galitzine, Jeremy Strong, Jonathan Bailey, Vogue, Loewe, Jonathan Bailey's peony bowtie, Aliah Anderson, “, Mike Faist, Josh O’Connor, —, O’Connor, clogs, Dan Levy’s, Jamie Dornan’s, Robert Wun, John Shearer, Seán McGirr, Alexander McQueen, Usher, Wisdom Kaye, Coleman Domingo, Willy Chavarria, florals, Barry Keoghan's Burberry, Taylor Hill, Jeff Goldblum, Count Axel, Gilbert Flores, Barry, Andrew Vottero, Prada, ” Goldblum, Emma Chamberlain, Hannah Bagshawe, Eddie Redmayne, Steve O Smith, Mike Coppola, Taika Waititi, Oscar Organizations: CNN, Burberry, Variety, Getty, Vogue, The Met Museum

☆ Reddit shares climb on revenue beat in first quarterly report since IPO
▼ + stars: | 2024-05-07 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailReddit shares climb on revenue beat in first quarterly report since IPORohit Kulkarni, Roth MKM managing director, joins 'Closing Bell Overtime' to talk Reddit's first quarterly report, what's ahead for the social media company, user growth in the quarter and more.

Persons: Rohit Kulkarni, Roth

☆ Stock spinoffs are one of the hottest trades going this year. How to participate
▼ + stars: | 2024-05-07 | by ( Hakyung Kim | ) www.cnbc.com time to read: +3 min

Other opportunities for investors to participate in spinoffs will be coming soon. If a company spins off a company in a different sector, the new stock tends to outperform because it's likely undervalued. Winners and upcoming beneficiaries Roth MKM also recently highlighted spinoff stocks' outperformance over the past year. GE Vernova is one of its current favorite spinoff stocks — which the company said to "buy buy buy." Industrial company Esab , a Swedish-American company that makes welding and cutting equipment, is another spinoff beneficiary, according to Roth MKM.

Persons: Morgan Stanley, Todd Castagno, Wolfe, Roth MKM, Roth, Esab, Sylvamo, JC O'Hara, Baxter, Edwards Lifesciences, Edwards, — CNBC's Michael Bloom Organizations: General Electric, GE Vernova, Wolfe Research, Baxter International, Unilever Locations: Swedish, American, Enovis, Memphis, Latin America, Veralto

☆ Coming Soon to Little Island: An Arts Festival With Powerful Backers
▼ + stars: | 2024-05-06 | by ( Javier C. Hernández | ) www.nytimes.com time to read: +1 min

Little Island, the $260 million park on the Hudson River that opened in 2021, was imagined as a haven for innovation in the performing arts. But the park’s cultural offerings — mostly sporadic, one-off works — have so far fallen short of those ambitions. Now Barry Diller, the billionaire media mogul who paid for the park, is setting out to deliver on the original vision, financing a robust, four-month annual performing arts festival on Little Island, the park announced on Monday. The festival, one of the most ambitious artistic undertakings in New York City in recent years, will promote new work in music, dance, theater and opera. “I want people to enjoy the originality and adventure of Little Island,” Diller said.

Persons: Barry Diller, Scott Rudin, Diller, Twyla Tharp, Mozart’s, Figaro, Anthony Roth Costanzo, “, ” Diller Locations: Little, New York City

☆ Here's how to avoid getting 'hammered' on inherited individual retirement account taxes, experts say
▼ + stars: | 2024-05-06 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +1 min

Inherited individual retirement accounts can be a financial boost for heirs, but the windfall can trigger tax issues, experts say. Withdrawals from pretax inherited IRAs incur regular income taxes. Since 2020, certain heirs can no longer "stretch" retirement account distributions over their lifetime to reduce yearly taxes. Now, certain heirs, including most adult children, must deplete inherited accounts within 10 years, known as the "10-year rule." While only about 20% of May's clients have inherited IRAs, she expects more heirs to face the tax-planning issue as baby boomers age.

Persons: IRAs, Ed Slott, Roth, Slott, JoAnn May Organizations: Finance, IRS, Asset Management Locations: Berwyn , Illinois

☆ How to Choose a College: Go Where You Don’t Fit In - The New York Times
▼ + stars: | 2024-05-05 | by ( Michael S. Roth | ) www.nytimes.com time to read: +2 min

This time of year, college campuses like the one where I live fill up with high school seniors preparing to make what feels like a momentous choice. “Nope.”Choosing a college based on where you feel comfortable is a mistake. The most rewarding forms of education make you feel very uncomfortable, not least because they force you to recognize your own ignorance. Either way, a college education should enable you to discover capabilities you didn’t even know you had while deepening those that provide you with meaning and direction. And that’s why it’s inspiring to see Muslim and Jewish students camped out together to protest a war they think is unjust.

Persons: “ Locations: Gaza

☆ Columbia University’s encampment ended with a mass police operation. Here’s how some schools avoided that
▼ + stars: | 2024-05-05 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +9 min

Notably, none of the schools agreed to fully divest from companies doing business in Israel, a demand student protesters have commonly rallied for across the country. What the schools agreed to doOn Monday, Northwestern announced an agreement with protesters to end the encampment. Rutgers agreed to meet with student protesters to discuss divestment and to support scholarships for at least 10 displaced Gazan students. Rutgers, along with Northwestern, agreed to expand spaces for Arab and Muslim students on campus. Recent agreements at Brown University and Northwestern University might show the way,” Roth wrote.

Persons: Brown, “, ”, Sophia Rosenfeld, Rosenfeld, Kena Betancur, Lena Shapiro, Shapiro, Michael Schill, Schill, ” Schill, Trisha Ahmed, Brown’s, Brown University Brown, Owen Dahlkamp, Dahlkamp, “ Brown, ” Brown, Christina Paxson, ” Dahlkamp, Elise Stefanik, Michael S, Roth, ” Roth Organizations: New, New York CNN, Ivy League schools Columbia, Northwestern University, Rutgers University, University of Minnesota, CNN, University of Pennsylvania, Columbia University, University of Illinois College of Law, Northwestern, Chicago, Rutgers, Birzeit University, West Bank, University of Minnesota's, Palestinian, Brown University, University Hall, Brown Daily Herald, Corporation of Brown University, University of California, University of Texas, Defamation, Republican, Twitter, Wesleyan University Locations: New York, Israel, Brown, Northwestern, New York City, AFP, Deering, Minneapolis, Minn, Providence , Rhode Island, Columbia, Los Angeles, Austin, Gaza

☆ 5 financially independent individuals and couples share the book that changed their investment strategy
▼ + stars: | 2024-05-04 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +4 min

When you invest in an index fund, you're essentially buying a basket of stocks that represents a broad market or theme. "That book makes a really good case for index funds." They own the Vanguard 500 Index Fund Admiral Shares Fund (VFIAX), the Vanguard Information Technology Index Fund ETF (ETF, VGT), and the Fidelity MSCI Information Technology Index ETF (ETF, FTEC). Note that ETFs, like index funds, offer an easy way to diversify and bundle several securities into one investment. Since index funds are passively managed, they typically have lower costs than actively managed funds — and, historically, they outperform active funds.

Persons: Carl, Mindy Jensen, JL Collins, Mindy, it's, They're, Collins, Jamila, Ali, Josh Lupo, Josh, Jack Bogle, Warren Buffett Organizations: Business, Independence, Apple, Microsoft, IRA, FIRE, Fund, Vanguard Information Technology Index Fund ETF, Fidelity Locations: American

CNN —Time is running out to prevent starvation in Darfur, in western Sudan, a UN agency has warned, as escalating violence devastates the African nation. People have been forced to consume “grass and peanut shells,” the regional director for Eastern Africa of the World Food Programme (WFP) said on Friday. More than 8.7 million people have been displaced by the war between the Sudanese army and the paramilitary RSF, according to the UN. At least 500,000 of those sheltering in the city have been displaced from violence elsewhere in Sudan, according to the UN’s children’s agency (UNICEF). More than 8.7 million people, including 4.6 million children, have been displaced by the war in Sudan and 24.8 million need assistance, according to OCHA.

Persons: ” Michael Dunford, Cross, Dan Kitwood, Toby Hayward, Hayward, Fasher, Catherine Russell, ” Russell, El Fasher Organizations: CNN, UN, Food Programme, Rapid Support Forces, ICRC, UNICEF, UN Office, Humanitarian Affairs, WFP Locations: Darfur, Sudan, Eastern Africa, South Darfur, Chad, Adré, North, El, El Fasher, Chad’s Tine, –, ”, Port Sudan

☆ This 401(k) match change could have 'unintended consequences' at tax time, experts say
▼ + stars: | 2024-05-03 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +1 min

If you've opted into your employer's Roth 401(k) after-tax matching contributions this year, it could trigger a tax surprise without proper planning, experts say. Enacted in 2022, Secure 2.0 ushered in sweeping changes for retirement savers, including the option for employers to offer 401(k) matches in Roth accounts. Previously Roth 401(k) matches went into pretax accounts. However, those new matching Roth contributions could have "unintended consequences" at tax time, according to Tommy Lucas, a certified financial planner and enrolled agent at Moisand Fitzgerald Tamayo in Orlando, Florida. More from Personal Finance:IRS aims to more than double its audit rate on wealthiest taxpayersHere are three ways to lower your credit card annual percentage rate, experts sayWhy your financial advisor may not give you the best Social Security advice

Persons: you've, Roth, Tommy Lucas, Moisand Fitzgerald Tamayo Organizations: of America, Finance Locations: Orlando , Florida

☆ Move over New York Times, now LinkedIn is adding brain-busting games
▼ + stars: | 2024-05-01 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +4 min

New York CNN —Watch out “Connections,” LinkedIn says it’s adding a variety of games aimed at making actual connections. The Microsoft-owned platform, best known for professional networking and sharing news, is taking a page from the New York Times and adding three, free “thinking-oriented” games as a way to tap into the explosive popularity of brain-busting puzzles people are adding to their daily routine. People share articles less to push advice on people and more because “they’re trying to build meaningful relationships,” Daniel Roth, editor in chief of LinkedIn, told CNN. “We’ve seen that with the recent explosion of short games that help you.”What are the games? Ultimately, Times’ games have become a major revenue driver for the newspaper.

Persons: “ they’re, ” Daniel Roth, ”, “ We’ve, Minda Smiley, “, Roth, Laura Lorenzetti, Smiley Organizations: New, New York CNN —, LinkedIn, Microsoft, New York Times, CNN, “, Times, New York World Locations: New York, Queens, ”

AFP/Getty ImagesPalestinians in Gaza have been showing support for the US protesters for several days. Israel has claimed the protests are being manipulated by “outside agitators.”Palestinians in Deir el-Balah stage a rally to thank pro-Palestinian student protesters in the US on May 1. AfP/Getty ImagesIsrael’s UN Ambassador Gilad Erdan denounced the university demonstrations in a speech to the General Assembly in New York on Wednesday. Erdan lashed out at his UN colleagues, accusing the General Assembly of spreading anti-Israel rhetoric which he claimed had helped galvanize the protesters. Meanwhile, Shiraz university in Iran’s Fars province has offered scholarships to students from universities in the US and Europe who are expelled over the protests.

Persons: Deir, ” Dr, Saad Abu Sharban, Balah, Nadia Al, ”, Gilad Erdan, Erdan, Donald Trump, Artemis Moshtaghian, Richard Roth Organizations: CNN, Al Aqsa Martyrs, “, Getty, Hamas, Palestinian, AfP, General, UN, Columbia University Locations: Gaza, Al Aqsa, Deir al, AFP, Israel, Deir el, New York, Palestinian, Shiraz, Fars, Europe

☆ Wells Fargo expects two rate cuts in the second half of 2024
▼ + stars: | 2024-04-30 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWells Fargo expects two rate cuts in the second half of 2024Paul Christopher, global head of market strategy at Wells Fargo Investment Institute, Stephanie Roth, chief investment economist at Wolfe Research, and CNBC's Steve Liesman join 'The Exchange' to share their expectations from the Federal Reserve on rate cuts.

Persons: Paul Christopher, Stephanie Roth, Steve Liesman Organizations: Wells, Wells Fargo Investment Institute, Wolfe Research, Federal Locations: Wells Fargo

☆ Paul Auster’s New York Tragedy
▼ + stars: | 2024-04-30 | by ( Lucy Sante | ) www.nytimes.com time to read: +1 min

I first became aware of Paul Auster, who died on April 30, from reading old issues of The Columbia Review when I was a student at the university. He translated French Surrealist poetry and wrote prose fiction, set in a sort of silent-movie cityscape that anticipated his novels and films. We inhabited the same Morningside Heights world of the early 1970s, with its cranks and cults, mimeographed screeds and tracts. Surely Paul, too, patronized Marlin Café and the Moon Palace. Paul was living blocks away, and when I met him he made me feel as if the whole neighborhood welcomed me.

Persons: Paul Auster, Lydia Davis, Allen Ginsberg, Philip Roth, mimeographed, Paul, Marlin Café Organizations: Columbia Locations: New Jersey, Newark, Columbia, Morningside, Manhattan

☆ How to save for retirement if your company doesn't offer a 401(k)
▼ + stars: | 2024-04-30 | by ( Mike Winters | ) www.cnbc.com time to read: +4 min

Even if your employer doesn't offer a 401(k) plan, it shouldn't stop you from getting the most out of your retirement savings. You have other tax-advantaged options available to save for the future, including individual retirement accounts, Roth IRAs or health savings accounts — all of which can help your money grow. However, only about 11% of Americans max out their 401(k) contributions. If you don't have an employer retirement plan like a 401(k), all of those contributions are tax deductible. And unlike traditional IRAs, you don't have to take minimum distributions at any point.

Persons: Roth, Justin Rucci, Roth IRAs Roth, Alyson Basso Locations: Newport Beach , California, Middleton , Massachusetts

☆ What this NFL Draft pick plans to do with his new money—from mutual funds and a Roth IRA to Air Jordan 1 sneakers
▼ + stars: | 2024-04-27 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +3 min

Fiske, 24, was drafted by the Los Angeles Rams in the second round of the 2024 NFL Draft on Friday evening. "I had never been around that much money," Fiske told MarketWatch last month. Together, they've discussed "how my financial life is going to change" upon signing an NFL contract, Fiske noted. "I'm putting money into mutual funds, index funds, high-yield savings accounts and maybe exploring new investment opportunities, too," he said, adding: "I also have a Roth IRA ... But that doesn't mean he won't splurge on a fun purchase: He's an avowed fan of Nike's Air Jordan 1 sneakers, for example.

Persons: Braden Fiske, —, Fiske, you've, they've, Roth, he's Organizations: Los Angeles Rams, Florida State University, FSU, NFL, Roth IRA, Air, Honda Accord, CNBC

☆ Black royals say Hollywood erased their existence. They're fighting to change the whitewashed narrative.
▼ + stars: | 2024-04-25 | by ( Mikhaila Friel | ) www.businessinsider.com time to read: +11 min

Black royals have existed around the world for millennia. Mainstream TV shows and movies that depict the true history of Black royal families are few and far between. And while movies about fictional Black royals exist — "The Princess and The Frog" (2009), "Black Panther" (2018), and the latest "The Little Mermaid" (2023) — Hollywood still isn't doing enough to educate viewers that Black royals exist in the real world, according to Nigeria's Princess Keisha Omilana. - Prince Asfa-Wossen AsserateMeanwhile, Asfa-Wossen said educators are too often preoccupied with using slave narratives to recount Black history. But in order to portray Black royals as equal to their white counterparts, there must be a shift in perspective, he said.

Persons: —, Queen Elizabeth, Sierra Leone's, Sarah Culberson, Nigeria's Princess Keisha, Prince Kunle Omilana, Prince Asfa, Asserate, Princess Ariana, Prince Joel, Keisha Omilana, Halle Bailey, Ariel, Disney Keisha, Prince Adekunle, Omilana, Keisha, Kunle, Ipetu, Orjinmo, Prince Kunle, haven't, George Osodi, Fernando Catala, Princess Keisha, David White, Sarah, Sarah Culberson Sarah, Ethiopia's Prince Asfa, Manfred Roth, who's, Haile Selassie, Young, Charlotte, Liam Daniel, Wossen, Ethiopia's Prince Joel, Joel, Ethiopia Antwon Maxwell, Kassa, Ian Sansom, it's, Queen of Sheba, King Soloman's, Sheba, Menelik, Axum, don't, Tell Organizations: Service, Hollywood, BI, Immigration, Board of Canada, Paramount, Getty, Netflix, SAG, Ethiopian, King, Guardian Locations: Hollywood, Windsor, American, Nigeria, Yoruba Kingdom, British, Morocco, Lesotho, Swaziland, Europe, Africa, Mende, Bumpe, Sierra Leone, West Virginia, Ethiopia, India, Germany, Los Angeles, America

☆ NFL draft prospect who could get a $2.7 million signing bonus still drives his old Honda Accord: 'It gets me from A to B'
▼ + stars: | 2024-04-25 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +3 min

That would mean a likely contract of around $8 million over four years, including a $2.7 million signing bonus, according to MarketWatch . The idea of young athletes reaping instant riches has long been an annual subplot of the NFL draft. The money I received gave me a peace of mind I did not have previously," Fiske told Business Insider. Though he made some savvy choices, Fiske admitted he made "a few mistakes" early on after receiving his NIL money. "I'm sure I'll give in once I see more 0s on my account," Fiske told MarketWatch.

Persons: Fiske, Braden Fiske, he's, He's, he'll Organizations: Honda Accord, Florida State University, NFL, NCAA, FSU, Business, IRA, Air, CNBC Locations: Detroit

CNN —Russia on Wednesday vetoed a United Nations resolution that proposed a ban on the use of nuclear weapons in outer space amid US intelligence-backed concerns that Moscow is trying to develop a nuclear device capable of destroying satellites. In February, President Joe Biden confirmed the US has intelligence that Russia is developing a nuclear anti-satellite capability. It also called on UN member states not to develop nuclear weapons or other weapons of mass destruction designed to be placed in Earth’s orbit. The White House’s comments on the prospect of a Russian nuclear space weapon have deepened those concerns. Last year, Putin deployed tactical nuclear weapons to neighboring ally Belarus, and former Russian president and deputy chairman of Russia’s Security Council Dmitry Medvedev said strategic nuclear weapons could be used to defend territories incorporated into Russia from Ukraine.

Persons: Vassily Nebenzia, Joe Biden, Linda Thomas, Greenfield, Beijing “, ”, Vladimir Putin, Putin, Dmitry Medvedev Organizations: CNN, Wednesday, United Nations, UN, Russia’s Locations: Russia, Moscow, Russian, Japan, Beijing, China, Ukraine, Belarus

☆ I'm a 41-year-old widow with young kids. Here are the 5 things no one tells you about parenting alone.
▼ + stars: | 2024-04-25 | by ( Elaine Roth | ) www.businessinsider.com time to read: +4 min

I knew only that what I was about to do — raise two kids by myself — was going to be hard and humbling. Other parents don't understand what I'm going throughThe only way to truly understand the nuances and challenges of only parenthood is to be an only parent. My heart breaks for my kidsMy kids will always have that space that can only be filled by their other parent. Also, I know that in learning to live with that absence, in learning to move forward even when the path is hard, my kids are learning perseverance. It means that I can't help but be grateful for the fact that I'm here — I get to be here.

Persons: —, I'm, doesn't Organizations: Service, Business

☆ Meta's earnings report comes as 'Magnificent Seven' stock looks to return to all-time high
▼ + stars: | 2024-04-24 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

Meta Platforms is set to report first-quarter earnings after Wednesday's closing bell, the latest in a salvo of releases from technology names. The "Magnificent Seven" stock is currently trading about 6% below an all-time high it hit earlier in April as traders get ready for the latest news. Here's what investors should know ahead of the release: How the stock moved last time Meta's fourth-quarter earnings, released in early February, prompted a major rally. As a social media platform operator, they'll look at the total number of active users on a daily basis and minutes per active user. Average revenue per user is another important metric, as it can show how much each active user contributes in terms of profit.

Persons: Meta, LSEG, Rohit Kulkarni, Roth, Mark Zuckerberg, Kulkarni Organizations: Nasdaq, Meta, Investment, LSEG

☆ Saving in a 401(k) can come with unexpected tax bills. Here's what to check right away to avoid a surprise and 4 ways to reduce your taxes as you withdraw.
▼ + stars: | 2024-04-24 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +8 min

Depending on your tax bracket at the time of withdrawal, your 401(k) money could be taxed at around 20% or 30%. Note that if you have a Roth 401(k), which is funded with after-tax dollars, you won't be taxed when withdrawing. The longer you can wait to touch your 401(k) money, the longer you'll delay owing taxes. Finally, there's the "non-taxable portion," he said, which would be money in accounts like a Roth 401(k), Roth IRA, and HSA. Or do they have a Roth IRA that they can take it from tax-free to benefit them?"

Persons: —, Grant Neiland, there's, you'd, Roth, Neiland, you've Organizations: Service, Business, Carson Wealth, IRS, Roth IRA

☆ Early retail bulls chart Nvidia's transformation from gaming icon to AI superpower — a ride that's paid for cars, dream homes, and lavish vacations
▼ + stars: | 2024-04-23 | by ( Ana Altchek | Jennifer Sor | ) www.businessinsider.com time to read: +7 min

Nvidia has been a cash cow for retail investors lucky enough to buy before the huge AI-fueled rally. Early retail investors told Business Insider their gains have paid for cars, vacations, and dream homes. The stock's steep climb — up over 1,500% since 2019 — has transformed the lives of some of Nvidia's long-term retail investors, resulting in comfier retirements, new cars, and gains worth millions for some. Nvidia shares tumbled by more than 30% in 2018. That sense of security that such a windfall provides was the top theme among the Nvidia investors Business Insider connected with.

Persons: —, I'm, ChatGPT, Tom, he'll, Danial hadn't, Danial, Roth, Jeff Roberts, Rick, He's, Chris Downs, Downs, he's Organizations: Nvidia, Business, Service, Vanda Research, Apple, Invest, Mexico City Locations: New Jersey, Texas, Costa Rica, Missouri, Bolivia, Paris, Mexico, Spain

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