Shaw Industries Group is investing about $90 million in a Ringgold plant to expand its domestic resilient flooring manufacturing, the company said Thursday.The Dalton-based company is growing capacity at its plant in Ringgold, which makes stone polymer composite and luxury vinyl tile resilient flooring. The investment will more than double the facility’s resilient flooring production capacity by 2026, the company said in a statement.David Morgan, executive vice president of operations at Shaw, said the investment allows the company to better serve customers with added product features which are made domestically. He said in a statement that expanding the plant will…
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Question: “I’m 67 years old living – or trying to – live on $2,200 Social Security a month. I don’t trust my financial guy. I rolled over a roughly $500,000 IRA to him without really digesting how much his 2% AUM fee would add up to. He invested in about six different funds, Class A, which cost me a lot up front. He charges 2% to add additional money. My return was 26%, but I know year to year that will vary. He keeps bugging me for additional funds for an individual account (which I currently have in a 5%…
Knowing these will help you avoid making suboptimal investing decisions. Once you’re attuned to the ebbs and flows of the healthcare sector, there are a few dead ringers that’ll send a chill up your spine in anticipation of your investments losing value, and soon. In keeping with the Halloween spirit, investors should thus be on the lookout for these three spooky signs that foretell a looming downturn in their healthcare stocks. 1. You invested right after a period of windfall profits or event-driven growth Boom times don’t occur all the time. Often, booms incur a hangover on shareholders, especially those…
The upcoming election brings the possibility of violence and unrestgetty As the U.S. heads into another presidential election, concerns are growing about potential delays in results and the risk of unrest, especially given the heightened polarization in recent years. After the 2020 election, a significant portion of the electorate questioned the legitimacy of results, leading to the January 6 attack on the Capitol. The peaceful transfer of power—a hallmark of American democracy—now seems less assured than in previous years, and the possibility of election-related unrest is real. For investors, this uncertainty adds a layer of complexity. How can you position…
Annaly Capital Management (NYSE: NLY) offers an alluring dividend. At over 13%, its yield is 10 times higher than the S&P 500’s. With that higher reward potential comes a higher risk profile. That risk is apparent when taking a closer look at the mortgage REIT’s third-quarter results. Here’s the key number that puts its high-yielding dividend at a high risk for another reduction. Annaly Capital Management reported $0.66 per share of earnings available for distribution (EAD) during the third quarter, which is money it could pay out in dividends. That was only slightly above its quarterly dividend payment of $0.65…
When Tesla CFO Zachary Kirkhorn stepped down last August, Wall Street analysts and investors alike were unnerved. The stock shed more than $23 billion on the news, with one top tech analyst describing the announcement as “a blow in the near term” and a “big surprise to the Street.” It was the second CFO departure in just four years. The resignation of previous finance chief Deepak Ahuja in 2019 also tanked the stock. The leadership shakeup at the world’s biggest electric vehicle maker may have caught the market off guard, but it’s a part of a larger turnover trend among…
Bitcoin is now attracting the attention of the world’s wealthiest investors. Here’s why. After trading down or sideways for much of the past seven months, Bitcoin (BTC -2.36%) may finally be ready for a major breakout. The investment firm Bernstein has just released a report detailing all the reasons it thinks Bitcoin could hit a new all-time high of $200,000 by the end of 2025. Based on Bitcoin’s current price of about $68,000, that would represent nearly a 200% gain. As a result, billionaire investors appear to be rushing to buy the cryptocurrency right now. The most notable of these…
There’s no guarantee as to what annual return you’ll average in the long run, but by targeting growth stocks, you can increase the chances that you will achieve significant gains in the future. Growing your portfolio to $1 million or more by retirement can be an excellent target to aim for. While there’s no magic number that will guarantee you will have enough money to sustain the type of lifestyle you want to enjoy in your retirement years, the key is to focus on growing your portfolio in a way that won’t put your hard-earned savings at risk. You might…
Introduction The foreign exchange (FX) swap market generates almost $4 trillion in new contracts on any given day. To put that in perspective, imagine global equities had a daily trading volume of 12 billion. Such an enormous market ought to be both transparent and well regulated. Yet the rapidly expanding FX swap market is neither; it is instead exceedingly opaque with many key statistics hard or impossible to find. Global Foreign Exchange Market Turnover: Instruments Source: “Triennial Central Bank Survey of Foreign Exchange and Over-the-Counter (OTC) Derivatives Markets in 2022,” Bank for International Settlements (BIS) How Do FX Swaps Work?…
It’s surprising how many people earning more than most Americans still feel like they’re barely getting by. According to a Bloomberg report, even those making over $175,000 a year – which puts them in the top 10% of U.S. earners – often don’t see themselves as “rich.” A quarter of those surveyed said they felt “very poor,” “poor,” or “just getting by” despite being in a financial position many would envy. More than half of those surveyed expressed concerns about their financial future, with 25% doubting they would ever surpass their parents’ financial standing. Don’t Miss: So, what’s behind this…