When it comes to maximizing 401(k) contributions, financial advisors have varying opinions on who should take that step for their retirement savings. While some believe it is a wise decision to fully utilize the allowances provided, others caution against overextending financially. Before deciding to max out your 401(k) contributions for 2024, it is essential to
Federal Reserve Chair Jerome Powell’s recent speech at the annual retreat in Jackson Hole, Wyoming has set the stage for potential interest rate cuts. He did not provide specifics on the timing or extent of these cuts but emphasized that policy adjustments are necessary. Powell highlighted that the pace of rate cuts will be dependent
Homebuilders D.R. Horton and Lennar saw their shareholder returns outperform the S&P 500 during the period from August 2014 to August 2024. However, this trend took a turn when analysts downgraded their investment outlook this summer. Despite this setback, there are still some investors who hold onto optimism regarding the industry’s performance. In the aftermath
Auction sales during Monterey Car Week saw a 3% decrease from the previous year, largely attributed to a shift in preference towards newer cars. This shift has resulted in a surplus of unsold classic cars from the 1950s and 1960s. Total sales at the five main auctioneers in Monterey, including RM Sotheby’s, Broad Arrow, Gooding
Remote work has become an integral part of the U.S. labor market, with economists seeing it as a significant shift that is here to stay for a long time. The rise of remote work was accelerated by the Covid-19 pandemic, leading to a widespread adoption of work-from-home arrangements. This trend has not only persisted but
Retirees facing income from various sources such as Social Security, pensions, retirement plans, and other investments often struggle with tax obligations. The IRS requires retirees to either withhold taxes or make quarterly payments to avoid penalties. While the quarterly estimated tax deadlines are well-known, there is a lesser-known year-end strategy that can help retirees cover
Recent data from the National Association of Realtors shows that closed sales of previously owned homes increased by 1.3% in July compared to June. This marks the first gain in five months, although sales were still 2.5% lower than the same period last year. The Northeast saw the biggest gains in sales while the Midwest
Federal Reserve President Patrick Harker recently made a bold statement supporting an interest rate cut in September. During an interview with CNBC at the Fed’s annual retreat in Jackson Hole, Wyoming, Harker emphasized the need for monetary policy easing in the near future. This stance aligns with the sentiment expressed in minutes from the last
Danish biotech company Bavarian Nordic experienced a notable 13% increase in its shares after reporting earnings that surpassed expectations and securing a substantial vaccine order from a European country in response to the mpox outbreak. The company revealed second quarter revenues of 1.43 billion Danish krone ($213 million) and an operating profit of 420 million
The future of Paramount Global remains uncertain as the special committee recently announced that they would be extending the “go shop” period of its merger agreement with Skydance by 15 days. This decision comes as the committee reviews a competing offer from Edgar Bronfman Jr. Initially, Bronfman offered $4.3 billion for Shari Redstone’s National Amusements,