In the United States, higher costs and limited wage growth have resulted in a significant portion of the population facing financial insecurity. United Way’s United For ALICE program coined the term “ALICE,” which stands for Asset Limited, Income Constrained, Employed, to describe households that earn above the poverty line but still struggle to make ends
admin
In a move that echoes a storyline straight out of a drama series, Paramount Global is gearing up to replace its Chief Executive Officer, Bob Bakish, with a group of current division heads. The decision, set to be announced on Monday, is poised to set a new course for the company’s future. The timing of
As wedding and engagement season approaches, many couples will begin to think about their future together, including how they will manage their finances. Money is often a sensitive topic, but it is crucial for couples to have open and honest conversations about how they will handle their expenses. Studies have shown that a significant percentage
After a breakthrough where Tesla CEO Elon Musk met with Chinese Premier Li Qiang, local Chinese authorities have removed restrictions on Tesla cars. This came after the company’s China-made vehicles successfully passed the country’s data security requirements. China released new data security requirements for “connected vehicles” that cover cars released in 2022 and 2023. Automakers
One of the top picks from Wall Street’s top analysts is the streaming giant, Netflix. Even though the company disappointed investors by deciding to stop reporting quarterly subscriber numbers, analysts are still bullish on their long-term prospects. BMO Capital analyst Brian Pitz reaffirmed a buy rating on NFLX stock after the company reported better-than-expected first-quarter
The new U.S. Labor Department rule regarding retirement investment advice, issued on April 23, is set to bring about significant changes in the realm of financial recommendations, particularly when it comes to rolling over funds from 401(k) plans to individual retirement accounts (IRAs). Legal experts have highlighted that this “fiduciary” rule is aimed at raising
In the fast-paced world of technology investing, staying ahead of the curve is crucial. According to Brett Winton, chief futurist at ARK Invest, there are five key groups that tech investors should keep an eye on to gain an edge. These groups include robotics, artificial intelligence, multi-omics sequencing, public blockchain, and energy storage. Winton emphasizes
Social Security is facing a crisis that cannot be ignored. With trust funds projected to run out within the next decade, the future of this critical program is uncertain. The implications of this are profound, as more than half of peak baby boomers are expected to rely primarily on Social Security for income in retirement.
Wolfspeed, a semiconductor company specializing in silicon carbide technologies, has seen a decline in its stock market value over the past few years. Despite being the world’s leading producer of silicon carbide, the company has faced challenges in performance and execution. The delay in the rollout of new manufacturing facilities has impacted the company’s overall
During this tax season, over 140,000 taxpayers took advantage of the IRS Direct File program, a free tax filing service offered by the IRS. The U.S. Department of the Treasury and the IRS reported that the program was successful in helping filers in 12 states save an estimated $5.6 million in tax preparation fees for