When it comes to saving for retirement, maximizing your 401(k) contributions can be a smart financial move. However, it’s not always the right choice for everyone. Financial advisors suggest that before you decide to max out your 401(k) plan for 2024, there are several factors you should consider. One of the first things to take
Federal Reserve Chair Jerome Powell recently hinted at upcoming interest rate cuts during his keynote address at the Fed’s annual retreat in Jackson Hole, Wyoming. While he did not provide specific details on the timing or extent of the cuts, Powell emphasized that the Fed’s policy adjustments are imminent and will be influenced by incoming
Over the past decade, top homebuilders like D.R. Horton and Lennar have reported shareholder returns that have outpaced the S&P 500. However, recent downgrades in investment outlook have caused mixed reactions among analysts and investors alike. Despite the challenges, some investors remain optimistic about the industry’s potential for growth and performance. Influential Factors on the
Auction sales during Monterey Car Week fell 3% from last year, as a shift in preferences from older to newer cars has become evident. This change has resulted in a pileup of unsold classics from the 1950s and 1960s. Total sales at this year’s five car auctioneers in Monterey, including RM Sotheby’s, Broad Arrow, Gooding
Remote work has become a significant trend in the U.S. labor market, with economists noting that it has become a major shift in recent decades. According to Nick Bunker, the economic research director for North America at Indeed, the work-from-home revolution is still going strong and is likely to remain a prominent feature for a
Managing taxes in retirement can be a complex process, especially for retirees who have income from various sources such as Social Security, pensions, retirement plans, and other investments. While quarterly estimated tax payments are typically required to avoid IRS penalties, there are lesser-known year-end strategies that can help retirees stay on top of their tax
Philadelphia Federal Reserve President Patrick Harker has made it clear that he fully endorses the idea of an interest rate cut in September. His statement during a recent interview with CNBC at the Fed’s annual retreat in Jackson Hole, Wyoming, leaves no room for ambiguity. Harker’s views point towards a strong inclination towards monetary policy
The National Association of Realtors reported a 1.3% rise in closed sales of previously owned homes in July compared with June, marking the first increase in five months. However, sales were still down by 2.5% compared to the same time last year. The Northeast experienced the largest gains in sales, while the Midwest remained relatively
Shares of Danish biotech company Bavarian Nordic surged by 13% following the announcement of better-than-expected earnings for the second quarter and a significant vaccine order from an undisclosed European country amidst the ongoing mpox outbreak. The company reported revenues of 1.43 billion Danish krone and an operating profit of 420 million krone, surpassing analyst estimates.
The future of Paramount Global hangs in the balance as a fierce bidding war ensues between Skydance and Edgar Bronfman Jr. Paramount’s special committee recently announced the extension of a “go shop” period to further evaluate the competing offer from Bronfman. The initial bid of $4.3 billion escalated to a whopping $6 billion in a