Chasing the Yield
Investing for income through dividends and distributions
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Exxon & Chevron to concentrate their spending in the Americas
The two fossil-fuel giants plan to spend most of their annual budgets in the Americas this year, with Chevron saying it will pour 70% of the capital allocated for production into oil fields in the U.S., Argentina and Canada, and Exxon saying it will spend a similar portion of its budget in the Permian Basin…
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3M (MMM) defends against chemical contamination claims
If some analysts are correct the liability will be in the tens of billions. What will that do to their dividend? 3M is defending itself against allegations that chemicals and products it has made for decades have contaminated drinking water and pose health risks. Legal and industry analysts expect 3M to be engaged for years…
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Companies are pushing employees to return to the office
Party time is over I guess. Companies including investment giant Vanguard Group, workplace technology company Paycom Software Inc. PAYC -0.15%decrease; red down pointing triangle and others have sent directives to employees in recent weeks, urging workers to follow existing hybrid schedules or to come into the office on additional days in 2023, according to internal…
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Tech companies laying off employees faster than during the pandemic
Why does the new year have to start out with bad news? 150k jobs cut in 2022. That’s nothing to sneeze at. Collectively, employers in the slumping tech sector cut more than 150,000 jobs in 2022, based on estimates from Layoffs.fyi, a website that tracks the events as they surface in media reports and company releases.…
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2022 Wrap Up
Like everyone else 2022 was not a banner year. Overall my three portfolios were down 7.1% for the year. Not too bad when you consider the S&P was down 19%, the Dow was down 8.8%, and the NASDAQ was down 33%. If I was reinvesting all my dividends I would have only been down 2.78%…
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WSJ looks at four retirees with $1 million nest egg
What’s it like to retire with about $1 million in savings? The Wall Street Journal took a look at four retirees who have between $1 million to $1.6 million in assets. It’s an interesting read if you’re in or near retirement. For retirees able to accumulate $1 million in savings, the funds translate into inflation-adjusted…