Futures Mostly Gain as Palantir Leads Tech Shares Higher; Gold, Silver Rebound

The Great Wealth Transfer: Why Inheriting a Home May Not Make You Rich

FROM 12 minutes ago

After your parents or grandparents pass away, you may expect to receive some type of inheritance, whether it’s old jewelry, leftover retirement account assets, or even a home.

While inheriting a home can be a blessing, it can also come with hidden downsides. With the “Great Wealth Transfer” underway, this is an issue many Americans could face in the coming years.

During this period, a staggering $124 trillion worth of wealth is expected to transfer through 2048, with most of that wealth going to heirs, according to Cerulli Associates.

Many people could find themselves with their parents’ home on their hands in the coming years.

A Freddie Mac survey from late 2024 found that three-quarters of Baby Boomer homeowners planned upon death to leave their home or hand down the proceeds from the sale of their home to family members.

Read the full article here.

–Trina Paul

For the New Walmart and Target CEOs, It’s ‘Continuation’ vs. ‘Reinvention’

FROM 34 minutes ago

Same title. Different task.

New CEOs started at two big retailers—Target (TGT) and Walmart (WMT)—on Sunday. Their missions vary considerably.vAt Target, Michael Fiddelke wants to stem the flight of investors and revive sluggish sales. At Walmart, John Furner aims to continue reeling in new customers and keep investors happy.

“They’re at, really, very different junctures,” TD Cowen senior equity research analyst Oliver Chen said on CNBC. “Target needs a reinvention; Walmart, continuation.”

Fiddelke’s tenure starts as Target seeks to shake off a tough spell. Revenue has fallen year-over-year for the past four quarters. Consumers have pulled back on discretionary purchases, and some of Target’s merchandising picks fell flat. The retailer was also slower to build up the sort of delivery system that attracted shoppers to some of its competitors, Chen said. Investors took notice, with share prices falling by more than 20% over the past year.

Read the full article here.

–Sarina Trangle

Stock Futures Mostly Rise as Palantir Leads Tech Shares Higher

FROM 1 hour ago

Futures contracts connected to the Dow Jones Industrial Average pointed down 0.1%.

S&P 500 futures were up 0.1%.

Nasdaq 100 futures advanced 0.4%.