When it comes to retirement savings, higher earners often face limitations on certain tax-advantaged accounts like Roth IRAs due to income restrictions. However, there is a lesser-known strategy that could benefit those looking to maximize tax-free growth for their retirement savings. Mega backdoor Roth conversions offer a way for individuals to surpass Roth IRA income
admin
Billionaire investor Bill Ackman is making a significant move by selling a 10% stake in Pershing Square, as part of a plan to eventually take his investment firm public. The firm is currently raising $1.05 billion in a funding round, with institutional and family office investors who prefer to remain anonymous participating in the deal.
France is making a bold claim to be the next artificial intelligence superpower, with the Viva Technology conference in Paris showcasing the country’s progress in AI. One of the notable success stories is the French AI firm H, which recently secured $220 million in seed funding from investors like Amazon and former Google CEO Eric
In the competitive world of luxury real estate, standing out from the crowd is essential to attract high-end buyers. One innovative approach that has been gaining traction is the integration of art into property viewings. Paul Lester, a partner at The Agency in Los Angeles, has successfully leveraged this strategy by transforming property showings into
Costco Wholesale recently announced its third-quarter earnings, surpassing Wall Street’s expectations. The company reported a total revenue of $58.52 billion, a 9.1% increase year over year, which exceeded analysts’ estimates of $58.07 billion. Additionally, earnings per share for the quarter were $3.78, higher than the projected $3.70. Costco’s stock initially saw a decline of about
Recent reports from Bank of America CEO Brian Moynihan have highlighted a concerning trend in the US economy. Both consumers and businesses are exhibiting caution when it comes to spending, largely due to elevated inflation and interest rates. This shift in behavior is significantly impacting the overall growth rate of purchases, ranging from hard goods
New York Federal Reserve President John Williams expressed concerns about inflation remaining high but also expressed confidence in its deceleration later this year. The uncertainty surrounding the direction of monetary policy has left markets on edge, with Williams giving no clear indications on potential interest rate cuts. Despite inflation readings being consistently higher than expected
The job market in America is experiencing a significant shift in hiring trends, particularly in relation to income levels. For lower-earning Americans, the pace of hiring has remained strong, exceeding the pre-pandemic baseline. The hire rate for workers earning less than $55,000 a year has been consistent at 1.5% since September 2023, according to Vanguard.
Boeing CEO Dave Calhoun and other top company leaders are gearing up to meet with the Federal Aviation Administration on Thursday to address a recent incident involving a near-catastrophic blowout of an airplane door panel on a new 737 Max 9. This meeting comes after the FAA ordered Boeing to come up with a quality
Best Buy recently released its quarterly sales results, with revenue falling short of Wall Street’s expectations. The consumer electronics retailer faced softer demand for consumer electronics, which led to a drop in net sales. While the earnings per share exceeded analysts’ estimates, the company highlighted a range of challenges it is currently grappling with. Despite