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Business

“Johnson & Johnson to reduce its Kenvue stake by at least 80% through exchange offer”

“Johnson & Johnson on Monday said it plans to reduce by at least 80% its stake in Kenvue, the consumer health business it spun out as an independent company earlier this year, via a stock exchange offer. J&J owns 89.6% of Kenvue’s common stock, which amounts… Continue Reading…

Economy

“U.S. will create at least two semiconductor manufacturing clusters by 2030, Commerce Secretary Gina Raimondo says”

“The U.S. will use funds from the $52 billion CHIPS and Science Act to create at least two large-scale logic fabs for the manufacture of semiconductors, along with multiple high-volume advanced packaging facilities, by 2030, Commerce Secretary Gina Raimondo announced… Continue Reading…

Economy

“Parents pay at least one monthly bill for 40 percent of millennials”

“In a new survey, two-fifths of millennials say their parents still pick up one or more of their monthly bills.  And the most common parental subsidy is the largest: housing. Twenty-four percent of millennials say Mom or Dad pay their… Continue Reading…

Banking, Business, Economy

“SoftBank plans at least 30% staff cuts to Vision Fund, source confirms”

“SoftBank is planning to cut at least 30% of staff at its ambitious investment arm, the Vision Fund, a source confirmed to CNBC. At least 150 out of 500 Vision Fund workers will be impacted by the cuts, according to Bloomberg,… Continue Reading…

Stocks

“3 Dividend Stocks Under $10 With at Least 9% Dividend Yield”

“Annaly Capital Management (NLY)… The Wall Street decision on Annaly is an even split, with 3 recent Buy recommendations and 3 to Hold, giving the stock a Moderate Buy consensus rating. The shares are priced at $8.71 with an average… Continue Reading…

Stocks

“2 Big Dividend Stocks Yielding at Least 10%; Here’s What You Need to Know”

“Ready Capital Corporation (RC)… There are two recent reviews of Ready Capital and both are Buys, giving the stock a Moderate Buy consensus rating. Shares in this REIT are selling for $11.57 while the average price target stands at $13.63, indicating… Continue Reading…

Stocks

“3 Big Dividend Stocks Yielding at Least 8%; BTIG Says ‘Buy’”

“Ellington Financial (EFC)… In line with his comments, Hagen sets a Buy rating and a price target of $16.50, suggesting an upside of 10% for the coming year… Overall, Wall Street agrees that this stock is a buying proposition. The… Continue Reading…

Stocks

“3 ‘Strong Buy’ Stocks With at Least 6% Dividend Yield”

“Philip Morris (PM)… Overall, the Strong Buy consensus rating on PM is based on 9 reviews, breaking 8 to 1 in Buy versus Hold. The shares are priced at $79.10 and their $93.56 average price target suggests an 18% upside… Continue Reading…