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Romance scams are on the rise, with cybercriminals preying on individuals’ emotions to gain access to their wealth accounts. These scams involve building a relationship with the victim, often over social media platforms, and manipulating their emotions to the point where the victim willingly provides access to their accounts or transfers money to the criminal.
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Many retirees overlook the impact of taxes on their retirement savings until it’s time to start withdrawing funds from their pretax accounts. However, financial experts warn that failing to consider tax implications can result in a significant financial setback. According to a study by Northwestern Mutual, only 3 in 10 Americans have a plan in
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Despite facing challenges in the automotive industry, Ford managed to achieve a 1% increase in sales during the second quarter compared to the same period last year. The highlight of this growth was the 5% gain in truck sales, with a total of 308,920 vehicles sold. This marked Ford’s best second-quarter performance in this category
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Flight delays are a common frustration for travelers, often attributing them to bad weather conditions. However, United Airlines is taking steps to provide more transparency and clarity to passengers by introducing a new feature. The airline will now send live radar maps via text messages to travelers, showcasing the real-time weather conditions affecting their flights.
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China holds a significant portion of the world’s critical minerals supply chain, including tungsten. This metal, known for its hardness and high energy density, plays a crucial role in various industries such as weapons, autos, electric car batteries, semiconductors, and industrial cutting machines. Chipmakers like Taiwan Semiconductor Manufacturing Company and Nvidia rely on tungsten for
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The Florida Panthers, the Stanley Cup champions, recently announced a significant change in their broadcasting strategy. They have chosen to move away from the cable TV regional sports network that has been their home for many years and signed a multiyear deal with E.W. Scripps to air their regular season games on local broadcast networks
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Individual retirement accounts have been steadily growing over the years, causing potential tax issues for retirees and their beneficiaries. According to the Employee Benefit Research Institute, the median IRA or self-employed Keogh balance has increased to $87,000 in 2022, up from $81,144 in 2019. Additionally, a report from Fidelity found that the average IRA balance