As Gen Xers begin to hit age milestones allowing them to access retirement funds penalty-free, it is crucial for them to carefully consider their financial decisions. Even though these milestones mean that they can withdraw money from their IRAs and 401(k)s without penalties, it is important to remember that early withdrawals can have significant tax
The financial markets are eagerly awaiting the second-quarter results of the traditional Detroit automakers, with General Motors (GM) expected to be the standout performer. Wall Street analysts are forecasting GM to report a solid adjusted profit of $2.75 per share, representing a significant increase of 44.2% from the previous year. Additionally, GM is expected to
In the midst of a volatile stock market, Costco has managed to stand out as a top pick by Wall Street analysts. The recent announcement of an increase in its membership fees has received positive feedback from analysts. This move is seen as a favorable catalyst for the stock and the company’s earnings in the
In good times and bad, pop music has always been a reflection of the world around us. Despite the current economic expansion and low unemployment rates, recent hits in the music industry portray a different picture. Artists like Taylor Swift and Beyoncé have been tapping into the feelings of frustration and financial vulnerability that are
The recent surge of money flowing into small caps has caught the attention of many investors and financial experts. Dave Nadig, a prominent ETF journalist and financial futurist, believes that this trend is not just a rotation from winning growth trades. According to him, investors are simply “buying, buying, buying.” This has led to a
The highly anticipated release of EA Sports College Football 25 has sent waves of excitement through the gaming community. Fans of the old college football game are now reliving their glory days as they navigate the revamped version of the game. Many players, like Anthony Bencomo and Bill Long, are finding themselves drawn back into
As former President Donald Trump secures the Republican presidential nomination, both political parties are eyeing Project 2025, a multi-pronged policy plan created by conservative think tank The Heritage Foundation as a collective effort with more than 100 other right-leaning organizations. If enacted, the plan could overhaul the U.S. income tax system and revamp the IRS,
The global population of individuals worth $30 million or more, known as ultra-high-net worth (UHNW) individuals, saw an 8% increase in 2023. According to Altrata’s World Ultra Wealth Report 2024, there are now 426,330 UHNW individuals worldwide. Their collective wealth surged by 7% to a staggering $49 trillion, driven primarily by a year-end stock rally.
The case of Michelle Mack, a California woman accused of leading a nationwide organized retail crime operation, has garnered national attention. Mack and her husband, Kenneth, were recently sentenced to more than five years in prison for their involvement in stealing millions of dollars worth of merchandise from major retailers such as Ulta Beauty and
The Consumer Financial Protection Bureau (CFPB) has recently targeted so-called paycheck advance programs, also known as earned wage access, which have become increasingly popular among workers in recent years. These programs allow individuals to access their paychecks before the designated payday, often levying a fee for this service. The CFPB’s proposed interpretive rule suggests that