Wall Street saw back-to-back weekly gains as it headed into an important week, featuring Nvidia earnings and updates on the Federal Reserve’s inflation gauge. The S & P 500 and Nasdaq rebounded after Thursday’s losses, closing the week with nearly a 1.5% increase, driven by optimism following Fed Chairman Jerome Powell’s speech at Jackson Hole.
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When it comes to saving for retirement, maxing out your 401(k) contributions may seem like the best option. However, financial advisors warn that this may not be the right choice for everyone. Before you decide to increase your contributions and max out your plan account for 2024, there are several key considerations to keep in
The real estate market experienced a 1.3% increase in closed sales of previously owned homes in July compared to June, reaching a seasonally adjusted annual rate of 3.95 million units. Despite this slight improvement, sales were 2.5% lower compared to the same period last year. Sales performed best in the Northeast region, while the Midwest
Recently, Gilead Sciences revealed a shocking drug-counterfeiting operation that involved tampering with its HIV medications before they reached patients. The operation, allegedly orchestrated from two New York City pharmacies, was masterminded by Peter Khaim, a known medical fraudster with two prior convictions related to fraudulent activities. Gilead Sciences filed a lawsuit against Khaim, as well
Recent events have highlighted the devastating impact of flooding on homes and personal property. With climate change leading to more intense storms and consequent flooding, homeowners are increasingly at risk. While many homeowners may have flood insurance, there are important limitations to consider when it comes to coverage, especially for items stored in basements. One
E.l.f. Beauty continues to impress with its remarkable growth story, surpassing quarterly estimates once again. The cosmetics retailer reported a substantial 50% increase in sales, reaching $324.5 million in its fiscal first quarter. CEO Tarang Amin highlighted that the company experienced growth across all categories, with the Bronzing Drops serum quickly becoming a best seller
Wayfair, an online home goods company, recently reported a decline in sales during its fiscal second quarter. This decline was attributed to a slowdown in the home goods category, which the CEO described as “unprecedented” and likened to the 2008 financial crisis. This article will delve into the details of Wayfair’s performance in Q2 2021
The Federal Reserve is expected to implement the first interest rate cut in several years, which could potentially lead to a decrease in mortgage rates. Homebuyers are eagerly awaiting this decision as even slight reductions in rates can have a significant impact on the overall cost of purchasing a home. While there is a low
Family offices are facing a fierce battle for talent in today’s competitive landscape. As these private investment arms of single families continue to grow in size and number, they are competing directly with private equity firms and venture funds for top staff. In response to this challenge, family offices are revamping their compensation plans by
As Gen Xers are beginning to hit age milestones that grant them access to penalty-free retirement funds, it’s important for them to navigate this new phase with caution. Turning 59 ½ is a significant point, enabling individuals to withdraw money from their IRAs and 401(k)s without penalties. However, this access should be seen as a