As we look ahead to 2025, it’s crucial for those planning for retirement to consider bolstering their 401(k) contributions. Financial advisors indicate that the upcoming changes provide a unique opportunity to increase retirement savings. The 401(k) contribution limit is set to rise from $23,000 in 2024 to $23,500 in 2025, offering savers the chance to
In the fast-paced world of stock trading, the ability to make informed decisions can differentiate successful investors from the rest. Recently, significant trades executed by Jim Cramer’s Charitable Trust, documented through the CNBC Investing Club, have drawn attention. The decision to purchase shares of Home Depot (HD) and BlackRock (BLK) exemplifies a blend of strategy
In a significant move signaling rising tensions, Starbucks Workers United announced that an overwhelming 98% of union baristas voted to authorize a strike in a quest for a fair contract with the coffee powerhouse. This development underscores a pivotal moment in labor relations as negotiations gear up for what stakeholders hope will be a “foundational
A recent report from Cerulli Associates has highlighted a historic shift in the investment landscape as financial advisors are projected to allocate a greater portion of their clients’ assets to exchange-traded funds (ETFs) than mutual funds for the first time. The report indicates that by 2026, advisors anticipate approximately 25.4% of client assets will be
The Dow Jones Industrial Average (DJIA) has faced an unsettling losing streak, marking nine consecutive days of decline—the longest since February 1978. This unprecedented downturn raises questions for investors about the causes behind it and the potential implications for broader market health. It’s essential to delve deeply into the factors triggering this downturn, the inherent
As the Federal Reserve prepares to potentially lower interest rates again, individuals and investors alike are faced with a critical juncture in cash management. With forecasted cuts of 0.25% expected soon, the opportunity for higher returns on cash savings becomes increasingly appealing. Experts, such as Greg McBride from Bankrate, signal that current lucrative rates on
Since the conclusion of the November U.S. elections, the digital asset market has experienced a remarkable upswing, highlighted by Bitcoin’s impressive performance, peaking above $107,000 recently. This increase can be partially attributed to anticipated pro-cryptocurrency policies from President-elect Donald Trump. The momentum suggests a growing interest in cryptocurrencies, yet it is crucial to approach these
The drone industry is witnessing a buoyant wave of interest, primarily driven by a strategic partnership between Palantir Technologies and Red Cat Holdings. This collaboration promises to enhance the capabilities of drones through the integration of advanced visual navigation software, a development that’s been met with enthusiasm on Wall Street. Following the announcement, Red Cat’s
In an impressive development for women’s professional basketball, Unrivaled recently announced the successful completion of its Series A funding, securing an additional $28 million prior to its inaugural season set to kick off on January 17, 2024. This significant influx of capital builds on the $7 million already raised in the initial seed round announced
As the Federal Reserve prepares to lower interest rates during its impending two-day meeting, reports indicate a notable shift toward optimism among American consumers. After enduring a prolonged phase of high inflation, households are beginning to express more favorable views regarding their financial futures. The New York Federal Reserve recently reported a significant increase in