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Gen Xers – ‘America’s Forgotten Middle Child’ – Are The Experiment Generation For 401(k)s But Experts Say Results Are ‘Gloomy’

Generation X, often referred to as “America’s Forgotten Middle Child,” is now grappling with a harsh reality: They were the experiment generation for the 401(k). Unfortunately, the results are not looking too rosy. As the first generation to primarily rely on 401(k) plans rather than traditional pensions, Gen Xers have …

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Google earnings are coming tomorrow. Here’s what Wall Street expects

Google (GOOGL) parent Alphabet is set to report third-quarter earnings on Tuesday, after beating second-quarter earnings expectations on artificial intelligence momentum. The tech giant is expected to report revenues of around $86.4 billion for the third quarter, according to analyst estimates compiled by FactSet (FDS). Google’s U.S. revenues are expected …

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Boeing Launches $19 Billion Share Sale to Thwart Downgrade

(Bloomberg) — Boeing Co. launched a nearly $19 billion share sale, one of the largest ever by a public company, to address the troubled planemaker’s liquidity needs and stave off a potential credit rating downgrade to junk. Most Read from Bloomberg The company offered to sell 90 million common shares …

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Philips cuts annual sales outlook as China demand deteriorates

By Bart H. Meijer AMSTERDAM (Reuters) -Philips said on Monday that demand in China slumped significantly in recent months, forcing the Dutch medical devices maker to lower its sales outlook for the year. “In the (third) quarter, demand from hospitals and consumers in China further deteriorated, while we continue to …

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Asset managers roll out new ETFs to tap in to AI buzz

By Suzanne McGee (Reuters) – Exchange-traded funds focused on artificial intelligence are proliferating as asset managers offer investors new ways to tap in to the market enthusiasm for AI, even while it remains unclear which companies will emerge as the long-term winners from the latest technology revolution. More than one-third …

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