These days, fewer Americans — including millionaires — feel confident about their financial standing. Although the rich are getting richer, 58% of high net worth individuals said they accept that they will have to keep working longer and 36% worry that retirement may not even be an option, according to data from Natixis Investment Managers.
Drakula Images | Moment | Getty Images A $1 contribution today to a new Roth individual retirement account may not sound like much. But that seemingly small sum might save you a bundle in taxes down the road due to an under-the radar timing requirement. Your initial Roth IRA contribution starts the clock on something
Stories about soaring rents and the search for a new place to live taking months are all too common in London right now. The city’s rental market is in crisis, and renters are facing the consequences. One of them is Daniel Lloyd, who lives with his flatmate in southwest London. After living in their two-bedroom
When Kevin Kim dropped out of college at 21 to become an entrepreneur, it seemed like a huge gamble. “My mum cried a little,” Kim, now 33, said with a laugh. But his confidence was not unfounded. Kim had just sold his first company — which he started when he was just 18 — for
Chinese telecommunications giant Huawei saw revenue decline in 2021 for the first time on record. Bloomberg | Bloomberg | Getty Images BEIJING — Chinese telecommunications giant Huawei is turning to patents for a lifeline as the company seeks to forge a path forward in advanced chip technology — the prized tech which the U.S. is
In this article RIVN F Follow your favorite stocksCREATE FREE ACCOUNT RJ Scaringe, Rivian founder and CEO, and Ford Executive Chairman Bill Ford announce a $500 million Ford investment in Rivian. Source: Ford Motor Co. DETROIT – Ford Motor liquidated most of its ownership stake last year in electric vehicle maker Rivian Automotive, according to
Trucks and passenger cars drive across the Sutong Bridge in the city of Suzhou near Shanghai on Jan. 27, 2023, during the Lunar New Year holiday. Future Publishing | Future Publishing | Getty Images BEIJING — Money is flowing into mainland Chinese and Hong Kong stocks in ways not seen since 2018, according to research
The exterior of “The Wormhole” factory. Relativity Space LONG BEACH, California – It was a few days into the new year yet Relativity Space’s factory was anything but quiet, a din of activity with massive 3D printers humming and the clanging of construction ringing out. Now about eight years on from its founding, Relativity continues
In this article AMD TSLA MCD CAT MDLZ Follow your favorite stocksCREATE FREE ACCOUNT Jim Umpleby, CEO of Caterpillar Inc. Adam Jeffery | CNBC During these challenging times, making informed decisions with a long-term view is vital for investors. Here are five stocks chosen by Wall Street’s top analysts, according to TipRanks, a platform that
In this article DLTR DG Follow your favorite stocksCREATE FREE ACCOUNT A man looks at frozen foods for sale at a Dollar Store in Alhambra, California on August 23, 2022. Frederic J. Brown | AFP | Getty Images Among all rising costs, sky-high grocery bills have been especially painful. Although the consumer price index, an inflation
In this article LYV Follow your favorite stocksCREATE FREE ACCOUNT Robyn Beck | Afp | Getty Images Ticketmaster is gearing up for what’s expected to be high demand for tickets to Beyoncé’s upcoming “Renaissance World Tour,” as the ticketing giant continues to face criticism over the botched presale for Taylor Swift’s “Eras” tour last year.
Jose Luis Pelaez Inc | DigitalVision | Getty Images As Democratic lawmakers honor the anniversary of a national family and medical program for workers, they are calling for a national paid policy that would bring the U.S. in line with other industrialized nations. This Sunday, Feb. 5, marks the 30th anniversary of the Family and
In this article TGT Follow your favorite stocksCREATE FREE ACCOUNT Bea Dixon, the CEO and co-founder of The Honey Pot Company Courtesy: Honey Pot Company In 2016, Beatrice Dixon had finally secured a deal with Target to carry her line of feminine care products. But she had one problem: She was still making them in
In this article AMZN AAPL GOOGL Follow your favorite stocksCREATE FREE ACCOUNT A Starbucks store is seen inside the Tom Bradley terminal at LAX airport in Los Angeles, California. Lucy Nicholson | Reuters Check out the companies making headlines in premarket trading. Alphabet — Shares declined more than 3% after Google-parent Alphabet missed analyst expectations
Littlebee80 | Istock | Getty Images It’s been nearly three years since most people with federal student loans have had to make a payment on their education debt. The U.S. Department of Education has repeatedly cited specific dates for when the bills would resume, only to extend the pandemic-era break yet again. Most recently, amid
In this article UPS Follow your favorite stocksCREATE FREE ACCOUNT United Parcel Service (UPS) driver pushes a dolly of packages towards a delivery van on a street in New York. Victor J. Blue | Bloomberg | Getty Images With United Parcel Service’s labor negotiations approaching, CEO Carol Tomé sounded confident on this week’s fourth-quarter earnings
In this article WFC COF TFC USB PNC JPM BAC Follow your favorite stocksCREATE FREE ACCOUNT More than half of smartphone users in the U.S. are sending money via some sort of peer-to-peer payment service to send money to friends, family and businesses. Stocks of payment services like PayPal, which owns Venmo, and Block, which
If you ever find yourself taking a meeting with Jeff Bezos, don’t expect the billionaire Amazon founder to speak first. Before Bezos stepped down as Amazon’s CEO in 2021, he made a practice of letting his employees speak first. Now, his girlfriend Lauren Sanchez — the founder of Santa Monica, California-based aerial filming company Black
Fotostorm | E+ | Getty Images For a rising share of car owners, monthly auto loan payments appear to be evolving into a problem. While borrowers who are behind on their payments by more than 60 days represent a tiny portion of all outstanding auto loans — 1.84% — their ranks are growing, according to
In this article WWE Follow your favorite stocksCREATE FREE ACCOUNT World Wrestling Entertainment Executive Chairman Vince McMahon is open to stepping away from the company “if it’s the right deal,” according to WWE CEO Nick Khan. Shares of the company closed more than 5% higher Friday. McMahon’s potential future involvement in WWE has become an