For those looking to enhance their retirement savings, there’s no better time than now to consider increasing 401(k) contributions in anticipation of the new fiscal year. According to financial advisors, the opportunities for 2025 are more promising than ever, with contribution limits set to rise significantly. Workers can now defer up to $23,500 into their
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A significant shift is underway in the world of financial management as advisors increasingly turn to exchange-traded funds (ETFs) for their clients’ portfolios. According to a recent report from Cerulli Associates, financial advisors are projected to allocate more client assets to ETFs than mutual funds for the first time by 2026. Currently, mutual funds account
In the realm of stock market indicators, the Dow Jones Industrial Average (DJIA) stands out as a key barometer for economic health in the United States. However, the index has recently found itself in a troubling streak, experiencing nine consecutive days of declines — its longest retreat since February 1978. As worries mount, it’s crucial
On Tuesday, Starbucks Workers United announced a significant turning point in their ongoing struggle for better contract negotiations with Starbucks: an astounding 98% of union baristas voted in favor of authorizing a strike. This decisive action indicates a growing frustration among workers who have tirelessly advocated for better wages, working conditions, and comprehensive benefits from
Since the November U.S. election, cryptocurrency markets have experienced a significant surge, highlighted by Bitcoin recently soaring to an unprecedented price of over $107,000. This bullish trend comes amidst a shifting political landscape as President-elect Donald Trump lays out his intentions to foster an environment favorable to cryptocurrencies. However, despite this enthusiasm in the digital
As the Federal Reserve braces itself for a likely interest rate reduction in the coming week, the financial landscape is ripe for savvy consumers ready to make their hard-earned cash work harder for them. Experts forecast a reduction of approximately 0.25%, representing the third cut since September, which would accumulate to a full percentage point
The stock market witnessed a notable surge in drone stocks earlier this week, particularly fueled by a pivotal partnership between Red Cat Holdings and Palantir Technologies. This collaboration aims to integrate cutting-edge visual navigation software into Red Cat’s drone technology, which propelled its shares to a remarkable increase of over 19%. Such events highlight the
Unrivaled, a startup basketball league, has garnered significant attention following its announcement of raising $28 million in a Series A funding round just ahead of its inaugural season. This funding marks a pivotal moment for the league, which aims to redefine women’s professional basketball by establishing a solid foundation built on expertise and strategic partnerships.
As the Federal Reserve gears up to reduce interest rates, the mood among American consumers is shifting from cautious apprehension to burgeoning optimism. This emerging positivity is highlighted in a report from the New York Federal Reserve, showcasing a significant uptick in consumer beliefs about their financial scenarios in the coming year. The percentage of
MicroStrategy, the software company heavily invested in Bitcoin, is experiencing a significant uptick in its stock price, particularly following the announcement that it will be included in the Nasdaq-100 index. Trading observed a more than 5% increase in premarket sessions, reflecting a positive investor sentiment driven by expectations of enhanced visibility and legitimacy in the