'Employers aren’t responsible for my retirement,' say most (75%) employees
Nearly half of U.S. households (48%) disagree with the statement, “My employer is responsible for providing for my retirement,” about the same as in 2011, according to financial benchmarking firm Hearts & Wallets (H&W) research of nearly 6,000 U.S. households, Attitudes & Sentiment 2024: Goals, Beliefs and Needs in an Era of Rising Financial Confidence.
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Read MoreUS retirement plans: Key changes announced for 2025
Starting 2025, Americans can contribute more to retirement accounts. The Internal Revenue Service detailed the increases in its annual cost-of-living adjustments for pension plans and other retirement accounts. Workers who participate in 403(b) and the federal government’s Thrift Savings Plan will also be able to increase their annual contribution to $23,500 in 2025, up from $23,000 in 2024.
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Read MoreWarren Buffett Claims To Not 'Time The Market,' But His Cash Horde Tells A Different Story
For decades, famed value investor Warren Buffett has insisted that he does not try to “time the market.” But, his recent sales could serve as a warning sign for investors amid a period of protracted valuations.
What Happened: Buffett’s Berkshire Hathaway Inc BRK BRK has gradually wound down its largest positions over the last year.
The Pet Care Powerhouse Flying Under Wall Street’s Radar
With the S&P 500 having advanced by about 23.7% year-to-date, deals among large-cap companies appear few and far between.
One stock that may be attractive, however, is Idexx Laboratories (NASDAQ:IDXX). This company specializes in veterinary diagnostic devices as well as poultry and livestock testing, among other animal-care essentials.
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Read MoreDonald Trump ally warns Keir Starmer the US will ‘crush’ the UK economy if it helps arrest Benjamin Netanyahu
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The Burst
Did Jim Cramer Call The Top?
Nvidia has been famous for its astonishing rally over the past year but on June 18, Jim Cramer came out and declared, “Nvidia, own it, don’t trade it, so far so good”
Literally the very next day the stock started to fall. And it reported its first full week loss thereafter.
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Read MoreThe Ivy
Has The AI Bubble Officially Burst?
You’ll never guess who has turned bearish on AI? It seems one of the most prestigious names on Wall Street, Goldman Sachs, has done a U-turn and is betting against a continuation of the momentum previously seen in artificial intelligence stocks.
While Goldman has a long history of staying bullish, often for too long,
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Read MoreThe Spotlight
Spotlight: Unicorn Stock Is Envy of Fintech
Earlier in the week we covered a stock that had both impressive revenue growth and a handsome dividend, a rare combination that is hard to find in any industry. The stock was United Healthcare and it had a ten year history of growing year-over-year revenues in each quarter.
That inspired us to find other companies that are also growing yet pay a handsome dividend.
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