Private equity and crypto could be heading for your 401(k). Here's what to know
The funds in most retirement accounts are pretty basic: stocks and bonds.
Now, an executive order signed by President Trump aims to lay the groundwork for an array of “alternative assets,” including cryptocurrency, real estate and private equity, to be included in 401(k) and similar accounts.
These accounts are retirement plans offered by employers that workers can contribute to.
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Read MoreExpert Says 'You Can Have It All, Just Not At Once,' To People In Their 20s Planning For Retirement
Key Takeaways
- People in their 20s are at the bottom of the income ladder, but it can also be best time to start investing for retirement thanks to the power of compounding.
- Take part in your company’s 401(k) plan, and contribute at least enough to receive your company’s matching contribution.
Trump expands 50% steel and aluminum tariffs to include 407 additional product types
The Trump administration has quietly expanded its 50% steel and aluminum tariffs to include more than 400 additional product categories, vastly increasing the reach and impact of this arm of its trade agenda.
The new tariffs, which took effect Monday, expand the scope of the levies that President Donald Trump previously announced on the valuable commodities.
Read MoreThe Pi Hackathon 2025: What It Means for the Controversial Cryptocurrency
It’s officially Hackathon season, crypto enthusiasts. The equally controversial and popular Pi Network is preparing for its next big move with the launch of its first Hackathon.
It’s a major step whose aim is to expand the Pi Network’s ecosystem and drive home fresh utility for the Pi Coin.
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Read MoreThe Burst
Market Commentary: 3 Cathie Wood’s Stocks Are Soaring Again
It’s been a while but eventually the wheel has come full circle for Cathie Wood, it seems. From the dizzying heights of 2021 to the crushing lows of 2022, Wood and her ARK Invest fund have enjoyed the highest highs and suffered the lowest lows.
Over the past couple of weeks, sentiment has swung back in her favor and some of her stocks have been on an absolute tear,
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Read MoreThe Ivy
Midas Touch Billionaire Makes Wild 12-Month Claim
Vinod Khosla is perhaps not a household name but he’s often won the Midas award as a top venture capitalist with a finely tuned instinct for spotting what comes next.
His predictions for the coming 12 months are the stuff of nightmares for some companies and will be a boon for others. The profound implications for his forecast that the cost of compute will fall by as much as 90% will reverberate around the technology industry,
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Read MoreThe Spotlight
Is it Finally Time to Buy UBER?
Is it time to buy UBER stock? Uber Technologies (NYSE:UBER) seems to be on a roll. Despite the disruption the emergence of the COVID-19 caused in the transportation marketplace, UBER seems to be snapping back. During the company’s most recent quarterly earnings call, CEO Dara Khosrowshah stated that the company had achieved total adjusted EBITDA profitability for the second quarter in a row –