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  The Wall Street Journal

  Rite Aid Stock Plummets After Bankruptcy Report

  Shares of Rite Aid plunged by about 50% after The Wall Street Journal reported the drugstore chain is preparing to file for chapter 11 bankruptcy in the coming weeks. The bankruptcy is to address the federal and state lawsuits the drugstore chain is facing over its alleged role in the sale of opioids, the Journal reported.

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  Bloomberg

  Rite Aid Prepares Chapter 11 Bankruptcy to Restructure Debts

  (Bloomberg) -- Rite Aid Corp. is preparing a Chapter 11 bankruptcy filing to restructure debts including opioid liabilities, according to people with knowledge of the matter. Most Read from BloombergPowell Signals Fed Will Raise Rates If Needed, Keep Them HighNYC’s Most Exciting New Fine Dining Restaurant Is in a Subway StationTesla Investors to Get $12,000 Each From Musk’s SEC DealTrump Returns to Musk’s X With Post of Georgia Mug ShotSpaceX Blast Left Officials in Disbelief Over Environmental

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  Bloomberg

  Rolex Seller Sheds $600 Million as Watchmaker Buys Retailer

  (Bloomberg) -- The UK’s biggest seller of Rolex watches lost nearly a third of its value on Friday after the Swiss brand bought Bucherer AG, taking its first major step into retailing.Most Read from BloombergPowell Signals Fed Will Raise Rates If Needed, Keep Them HighNYC’s Most Exciting New Fine Dining Restaurant Is in a Subway StationTesla Investors to Get $12,000 Each From Musk’s SEC DealTrump Returns to Musk’s X With Post of Georgia Mug ShotAfter 15 Years, a New Private Jet Is America’s Most

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  SmartAsset

  Every State That Doesn't Tax Retirement Income

  States vary widely in the way they tax retirement income so location is an important consideration in financially planning for retirement. Some states don't levy income states on any sort of retirement income, while others tax IRA and 401(k) distributions, … Continue reading → The post 11 States That Do Not Tax Retirement Income appeared first on SmartAsset Blog.

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  Reuters

  Analysis-Nvidia's $25 billion buyback 'a head-scratcher' for some shareholders

  Nvidia's move to buy back $25 billion of its shares after its stock has more than tripled this year caught some investors off-guard, even as they cheered a stellar second-quarter report. Shares of Nvidia touched a record high on Thursday, a day after the company blew past expectations with its quarterly revenue forecast as an artificial-intelligence boom fueled demand for its chips. Nvidia shares, which had run up in the days leading up to its report, climbed more than 6% on Thursday but pared gains to end the day little changed.

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  TipRanks

  2 ‘Strong Buy’ Dividend Stocks With at Least 8% Dividend Yield

  While the summer months are proving to be less lucrative for stock market participants, the overall trend this year has been upward. However, JPMorgan’s global strategist, Dubravko Lakos, has recently sounded the alarm, pointing out several headwinds that are piling up, which he sees as placing a solid cap on market gains. First, Lakos points out that stock prices are high relative to earnings. Second, he adds that sentiment is too bullish, having reversed too sharply from last year’s bearish mo