David Lees | Stone | Getty Images Most Americans aren’t prepared for retirement. While most non-retired adults have some type of nest egg, only 36% think their retirement savings are on track, according to the Federal Reserve. A separate survey from the Insured Retirement Institute found that most workers don’t have sufficient retirement savings and
admin
Peter Thiel Adam Jeffery | CNBC Peter Thiel, the tech billionaire who co-founded PayPal and Palantir and backed Donald Trump’s 2016 presidential campaign, has filed plans to build large complex on a 193-hectare estate that he owns on the South Island of New Zealand. Thiel, who was also an early investor in Facebook and currently
Property taxes are the primary tool for financing local government and generate state-level revenue in some states as well. In fiscal year 2019, property taxes comprised 31 percent of total state and local tax collections in the United States, more than any other source of tax revenue. In that same year, property taxes accounted for 72 percent of local
Shares of Chewy sank in extended trading Wednesday after the online pet retailer’s second-quarter results and third-quarter outlook fell short of Wall Street forecasts. The stock was down more than 11% at one point, before parring some of the losses to trade down roughly 9% at 5:30 p.m. in New York. Chewy saw revenue rise
Traders on the floor of the New York Stock Exchange Source: The New York Stock Exchange U.S. stock futures were little changed on Wednesday night after the S&P 500 finished the first trading session of the month near the flatline. Dow Jones Industrial Average futures rose 5 points, or 0.01%. S&P 500 and Nasdaq 100
Former Democratic Senator Heidi Heitkamp, one of the party’s leading voices on tax policy, said President Joe Biden’s proposal to tax appreciated assets upon death would hurt family farms and family-owned businesses. “I’m trying to sound the alarm, both economically and politically, for Democrats that this is not a path to walk,” she said in
Charnchai | iStock | Getty Images If you’re among the many workers hoping to find a better position elsewhere, be sure to pay attention to the 401(k) plan account you’re leaving behind. Roughly 55% of workers say they’re going to look for a new job in the next year, according to a recent Bankrate survey.
A Social Security Administration office in San Francisco. Getty Images Social Security’s latest report on the status of the trust funds on which it relies to pay benefits has both good and bad news. The good news is that the funds have not been as hard hit by the Covid-19 as was initially feared, due
Ting Shen/Bloomberg via Getty Images The Consumer Financial Protection Bureau proposed a rule Wednesday to raise transparency around loans for small businesses. If finalized, the federal agency’s rule would require lenders to collect and report more data about credit applications from small businesses, including demographic and pricing data and reasons for which lenders deny a
The exterior of the Gloria Crest Estate located in Englewood Cliffs, New Jersey. LuxQue Media / Mike Aghachi A mansion was once hailed as one of the most expensive homes for sale in New Jersey, has seen its price drop like a ton of bricks. Back in 2013, the 28-room estate at 83 North Woodland
zacks.com zacks.com/ultimate
More details on why experts advise to wait to claim benefits and on benefits for divorced spouses. Few retirement issues are as complex and controversial as Social Security and the strategies people can use to maximize their benefits. So we were not surprised that an article The New York Times published in June on how
In this article LOW HD The American home is undergoing a makeover during the Covid-19 pandemic, and home improvement giant Lowe’s is reaping the benefits from it. Since the start of the pandemic, Lowe’s has five straight quarters of double-digit revenue growth on a quarter-over-quarter basis. The company’s bottom line has also gotten a boost.
In this article RUN PHIA-NL CRWD AMBA CPB PVH Check out the companies making headlines before the bell: Campbell Soup (CPB) – The food producer beat top and bottom-line estimates for its latest quarter, earning an adjusted 55 cents per share and beating consensus by 7 cents. It issued a fiscal 2022 adjusted earnings outlook
Charlie Watts of the Rolling Stones on stage during the band’s 1997-98 Bridges to Babylon tour. Paul Natkin | Archive Photos | Getty Images One of the greatest rock ‘n roll bands in the world recently lost their beat. Charlie Watts, who died on Aug. 24, had been the drummer for the Rolling Stones since
vitapix | E+ | Getty Images Tax breaks for retirement plans, such as 401(k) plans and individual retirement accounts, may reward workers for saving more money, but these write-offs may also be widening the racial wealth gap. That’s according to a new analysis from the Tax Policy Center that is based on the Federal Reserve’s latest Survey
Michael Lee | Moment | Getty Images There were fewer small businesses open and hourly employees working in August relative to July, indicating that the Covid-19 delta variant may be dampening the U.S. economic recovery, according to data from Homebase, which supplies employee scheduling software to employers. The number of employees working dropped 4% in
A “For Sale” sign outside a house in West Palm Beach, Florida, April 7, 2021. Marco Bello | Bloomberg | Getty Images A prolonged period of low mortgage rates is taking its toll on the refinance market, as most borrowers who qualify have already gone through the process. The average contract interest rate for 30-year
Learn more about the Bull and Bear of the day go to https://www.zacks.com/bull
In this article PFIZER-IN Juan Rodriguez (L) reacts while receiving Johnson & Johnson’s Janssen Covid-19 vaccine administered by vocational nurse Christina Garibay at a Skid Row community outreach event where Covid-19 vaccines and testing were offered in Los Angeles, California on August 22, 2021. Frederic J. Brown | AFP | Getty Images Covid-19 vaccines are