Let’s get to the bad news first. Tesla (TSLA +2.83%) posted a disastrous second-quarter earnings report, sending the stock down 18% to a 52-week low. The week following Tesla’s July 22 report was its worst since 2022, and the stock drop reduced CEO Elon Musk’s net worth by $130 billion.
For much of its history, Bitcoin (BTC -0.09%) has been one of the top-performing assets in the world. No wonder, then, that crypto investors continue to hold out hope that Bitcoin will soon recover and go on another of its epic rallies.
Notably,
» Read more about: Why is Cathie Wood so bullish on Bitcoin? »
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In his second quarter as the new CEO of Berkshire Hathaway,
» Read more about: Abel puts a big chunk of Berkshire's cash to work »
Every year, millions of Americans quietly cross into retirement with nothing more than a Social Security deposit hitting their bank account. Nobody warns them ahead of time what that actually feels like once the rent is due, the pharmacy bill comes in,
» Read more about: The Truth About Retiring on Social Security Alone That No One Tells You »
By Steve ThompsonTHE WASHINGTON POST
After decades of procrastination, Congress is beginning to grapple with a Social Security shortfall set to slash benefit checks in six years unless lawmakers fix it.
But instead of discussing actual fixes, a Senate Finance Committee hearing Wednesday focused on how to kick-start the painful debate to come.
» Read more about: As Social Security benefit cuts loom, Congress wades into the crisis »
Many seniors rely on Social Security benefits to help them cover the bills. For those retirees who are collecting benefits, there’s a key date to put on their calendar so they can make their retirement plan for the upcoming year.
Here’s the date that seniors must pay attention to,
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For years, the National Pension System (NPS) was largely seen as a retirement product. Mutual funds, on the other hand, were the preferred choice for investors looking to create long-term wealth. But that distinction is now starting to change. NPS now offers greater equity exposure, multiple investment choices,
Many investors assume bond prices will rise whenever the Federal Reserve cuts rates.
That’s often true on the short end of the curve. On the long end, macro factors tend to be the driver.
Over the past few years,
