Reported 3 months ago
The 4% rule is a guideline for retirees that suggests withdrawing 4% of their total savings in the first year of retirement, adjusting for inflation in subsequent years. With two-thirds of Americans fearful of outliving their savings, financial experts emphasize personalizing this approach to meet individual needs—considering factors such as retirement duration, investment strategy, and spending flexibility—to ensure a sustainable income throughout retirement.
Source: YAHOO
Reported 3 months ago
Nvidia is set to report its first quarter results on May 28 amidst ongoing US export restrictions impacting its business in China, where its market share for AI chips has dropped significantly. Following a ban on shipping its H20 chips to China, Nvidia plans to introduce a new, lower-priced AI chip targeting this crucial market, which constitutes about 13% of its sales. CEO Jensen Huang emphasizes the importance of the burgeoning $50 billion Chinese AI market, highlighting the potential losses if Nvidia fails to compete effectively.
Source: YAHOO
Reported 3 months ago
This article discusses the advantages of 529 plans for education savings, including tax benefits and recent rule changes. Jennifer Hollers from LPL Financial explains how to choose the right plan, strategies for saving effectively, and ways to manage withdrawals for various educational costs. She highlights the importance of early and consistent contributions and provides insights on balancing education savings with retirement planning.
Source: YAHOO
Reported 3 months ago
Source: YAHOO
Reported 3 months ago
Trump Media and Technology Group has announced it will raise approximately $2.5 billion to invest in bitcoin as part of its strategy to diversify revenue. The funds will be sourced from selling stocks and convertible notes, with plans to hold the bitcoin alongside existing cash and short-term investments. CEO Devin Nunes emphasized that this move aligns with principles of financial freedom, while Trump Media has also been exploring mergers and new financial products, including retail investment options tied to cryptocurrencies.
Source: YAHOO
Reported 3 months ago
In a year of market fluctuations, Silvant Capital Management's Michael Sansoterra highlights three standout stocks: Netflix, which continues to dominate the streaming industry with strong content and revenue growth; MercadoLibre, the leading e-commerce platform in South America that effectively competes with Amazon; and GE Aerospace, benefiting from increased demand for efficient engines despite supply chain challenges. These stocks are seen as resilient options for investors looking for stability and growth in a volatile market.
Source: YAHOO
Reported 3 months ago
Trump Media and Technology Group (TMTG) announced its plan to establish a $2.5 billion Bitcoin treasury, making it the third-largest corporate holder of Bitcoin. The company aims to fund the purchase through $1.5 billion in stock offerings and $1 billion in debt financing from institutional investors. This strategic move highlights TMTG's view of Bitcoin as a crucial asset for financial diversification and inflation hedging, following a previous report of a larger investment that it denied. TMTG also has plans to broaden its engagement in the crypto sector.
Source: YAHOO
Reported 3 months ago
Home prices are on the rise, but the pace has slowed, with a recorded 3.4% annual increase in March, down from 4% in February. Despite slight monthly declines, the market remains challenging for buyers as prices stay high. Experts suggest the housing market may continue this trend of deceleration, and the situation varies significantly by region, with some areas experiencing price drops.
Source: YAHOO
Reported 3 months ago
Soitec, the French semiconductor materials supplier, has retracted its mid-term and yearly forecasts due to decreased demand for automotive and industrial chips. The company anticipates a 20% drop in first-quarter revenue compared to last year and has appointed Albin Jacquemont as the new CFO, replacing Lea Alzingre. The shift in leadership coincides with the company's strategy to provide guidance on a quarterly basis only, as market conditions remain uncertain.
Source: YAHOO
Reported 3 months ago
Nuclear stocks from Cameco, Oklo, and NuScale Power all saw significant increases in share prices following President Trump's executive orders aimed at boosting nuclear energy development in the U.S. Goldman Sachs highlighted Cameco and NuScale as key beneficiaries of this policy change, while Oklo gained traction after announcing a partnership with Korea Hydro & Nuclear Power. However, analysts remain cautious about the overall profitability of investing in these companies.
Source: YAHOO
Reported 3 months ago
The Shanghai Futures Exchange (ShFE) has unveiled draft proposals aimed at increasing access for foreign investors and brokers, a key step towards internationalizing the renminbi. The plans, which include allowing direct participation of foreign traders and the ability to use foreign currencies for margin, focus on various futures products ranging from nickel to copper. This initiative reflects China's ambition to enhance its global market presence and challenge the London Metal Exchange's dominance in industrial metals trading.
Source: YAHOO
Reported 3 months ago
Telus announced its intention to invest more than C$70 billion ($50.88 billion) in Canada over the next five years to enhance its network infrastructure. This investment will fund the launch of two new AI data centers and improve wireless coverage, particularly in rural areas, amidst a challenging economic environment influenced by U.S. tariffs. The company reported significant growth in customer subscriptions, aligning the investment with its capital expenditure plans for 2025.
Source: YAHOO
Reported 3 months ago
Trump Media has successfully raised $2.5 billion to create a Bitcoin treasury. This announcement coincides with Circle's IPO filing on the NYSE and a Google study suggesting that quantum computing may efficiently compromise Bitcoin-like encryption.
Source: YAHOO
Reported 3 months ago
Source: INVESTORS
Reported 3 months ago
Trump Media has revealed that it will raise $2.5 billion from institutional investors to create a bitcoin reserve. The funds will be raised through a private placement of common shares and convertible senior notes, with the aim of defending the company against financial institution discrimination. This marks a shift in former President Trump's stance on cryptocurrencies, as he previously criticized them during his presidency.
Source: YAHOO
Reported 3 months ago
Source: BARRONS
Reported 3 months ago
Salesforce has announced the acquisition of cloud data management company Informatica for $8 billion, aiming to enhance its AI and data infrastructure. The deal will see Salesforce pay $25 per share for Informatica's stock, reflecting a strategic move to strengthen its AI ambitions by providing better data governance and infrastructure. This acquisition follows a series of speculations about the purchase over the past year.
Source: YAHOO
Reported 3 months ago
Delinquency rates for auto loans have reached their highest levels in 15 years, affecting borrowers across all credit scores and income levels. Factors contributing to this surge include high vehicle prices, rising interest rates, inflated monthly payments, and other inflationary pressures. For those facing difficulties, experts recommend maintaining communication with lenders, seeking loan modifications, or even considering selling the vehicle.
Source: YAHOO
Reported 3 months ago
Source: BARRONS
Reported 3 months ago
Macy's is set to release its first quarter earnings report, prompting discussions about the company's performance amid a significant stock decline. Experts emphasize the importance of consumer traffic and conversion rates, highlighting challenges in pricing transparency compared to off-price retailers. Furthermore, issues in vendor relationships and ongoing digital transformation efforts present both risks and opportunities for the retailer.
Source: YAHOO
Reported 3 months ago
Source: BARRONS
Reported 3 months ago
Source: BARRONS
Reported 3 months ago
Source: BARRONS
Reported 3 months ago
Source: WSJ
Reported 3 months ago
At 52 years old with a $2 million retirement portfolio, retiring now is feasible, but careful planning is essential. To maintain a desired annual spending of $150,000, significantly more savings—approximately $4 million—would be needed based on the 4% withdrawal rule. It's crucial to account for factors such as living expenses, tax implications on early withdrawals, and securing additional buffers for emergencies. Consulting a financial advisor can help optimize retirement planning and withdrawals.
Source: YAHOO