A newly implemented $6,000 tax deduction for older people is being promoted as a major tax break for retirees—but the benefits are skewed toward higher-income households, and the change may actually weaken the long-term solvency of the Social Security and Medicare trust funds.
» Read more about: Social Security and income tax: New deduction favors wealthy »
Stock futures were rising Monday as investors bought the dip in equities, after last week’s weak jobs report appeared to boost the chances that the Federal Reserve will cut interest rates soon.
Futures tracking the Dow Jones Industrial Average were up 271 points, or 0.6%. S&P 500 futures added 0.7%,
» Read more about: Dow Set to Open Up as Market Rebounds Following Dire Jobs Report »
Tech stocks soared last month, but the biggest winners on the S&P 500 were from a different part of the market.
Stocks crept higher again in July as the S&P 500 index (^GSPC -1.60%) finished the month up 2.2%.
Enthusiasm for AI stocks continued with Nvidia and Microsoft crossing the $4 trillion mark,
» Read more about: These Were the 2 Best-Performing Stocks in the S&P 500 in July 2025 »
Stock futures moved higher Monday morning as the market aims to recover from steep declines at the end of last week fueled by renewed concerns about tariffs and the health of the economy.
Futures tied to the Dow Jones Industrial Average and S&P 500 were up 0.5% recently, while Nasdaq futures added 0.7%.
» Read more about: Dow Jones Today: Stock Futures Rise as Market Looks to Rebound From Sell-Off »
Passive broad-based funds claimed the larger share of the pie, emphasising a strong investor preference for diversified exposure across market capitalisations and sectors. “The net flows share of broad-based funds in passive equities rose from 84% to 106% (QoQ), while in active equities, it fell from 72% to 55% (QoQ),” the report,
00:00 Speaker A
So, Kelly, we just mentioned that 10% penalty. On the surface, this doesn’t sound like a smart move, but are there situations where an early 401k withdrawal actually does make sense?
00:16 Kelly
Well, thank you so much for having me on your show today.
» Read more about: More people are taking early 401(k) withdrawals: Here's why »
The gap between employees’ emotional optimism about retirement and their actual financial readiness is proving to be a challenging one to close.
A quarterly report from IRALOGIX highlights a growing disconnect and dissatisfaction around financial well-being and economic stability: 43% of Americans report declining confidence in the economy and 71% fear inflation will erode their savings.
Mumbai, Aug 4 (PTI) Benchmark BSE Sensex rose by nearly 419 points to close above the 81,000 level while Nifty jumped 157 points on Monday following gains in metal, commodities and auto shares amid a firm trend in global markets.
The 30-share Sensex gained 418.81 points or 0.52 per cent to settle at 81,018.72.
» Read more about: Sensex rises 419 pts to close above 81k level on gains in metal auto shares »
News about a complete ban on cryptocurrency in China is circulating on social media and crypto websites. The reports are merely based on rumours and are completely false. Chinese authorities have not responded to the alleged new restrictions.
» Read more about: China bans cryptocurrency: Fact vs fiction »
If investors are looking at the Large Cap Growth fund category, make sure to pass over Berkshire Focus Fund (BFOCX). BFOCX bears a Zacks Mutual Fund Rank of 4 (Sell), which is based on various forecasting factors like size, cost, and past performance.
BFOCX is classified in the Large Cap Growth segment by Zacks,
» Read more about: Is Berkshire Focus Fund (BFOCX) a Strong Mutual Fund Pick Right Now? »
