When it comes to planning for retirement, experts emphasize the importance of monitoring your savings rate and the total amount saved for your nest egg. However, determining the exact amount needed for retirement is heavily reliant on one factor that remains uncertain – life expectancy. Lisa Schilling from the Society of Actuaries Research Institute highlights
In a bold move challenging the traditional sponsorship model for professional athletes, Bandit Running’s Unsponsored Project has brought attention to 35 unsponsored athletes at the U.S. Track & Field Olympic Trials. These athletes are dressed in all-black, logo-less gear provided by Bandit Running, along with short-term endorsement deals. The initiative aims to provide support to
Lawmakers are showing increasing interest in taxing the ultra-rich, however, a recent Supreme Court ruling has raised concerns about the future of wealth tax proposals. In the case of Moore v. United States, the Supreme Court blocked a challenge to the “mandatory repatriation tax,” which is a one-time levy on certain foreign investments that was
The second half of the year may bring about a bullish move for both value and growth stocks in the market. Todd Rosenbluth, the head of research at VettaFi, believes that value stocks, which have historically lagged behind growth stocks, could see an upswing due to the FTSE Russell’s annual rebalancing event. This shift is
One of the standout trends in food that emerged from the recent Summer Fancy Food Show is the resurgence of honey as a prominent flavor in various food and beverage products. While honey has been a staple in human diets for thousands of years, it is now being featured in innovative ways by food and
Many Americans find themselves grappling with summer travel expenses long after the season has passed. According to a survey conducted by Bankrate in March, 36% of Americans are planning to go into debt in order to fund their summer vacation. The methods used to cover these expenses range from personal loans, buy now pay later
JPMorgan Chase and Morgan Stanley have announced significant increases in both dividend payouts and share repurchases. JPMorgan, the largest U.S. bank by assets, plans to raise its quarterly dividend by 8.7% to $1.25 per share, alongside authorizing a new $30 billion share repurchase program. On the other hand, Morgan Stanley, a key player in wealth
Nike CEO John Donahoe is currently facing a challenging time as Wall Street’s confidence in him and the company is starting to dwindle. Nike has recently issued a warning about the expected decline in sales in the current quarter, projecting a drop of 10%, which is significantly worse than the 3.2% decline predicted by LSEG.
The premium tax credit is instrumental in making health insurance more affordable for those who purchase it through the federal marketplace. This credit allows participants to lower their insurance premiums upfront or claim a tax break when filing their return. The American Rescue Plan Act temporarily enhanced this credit during the COVID-19 pandemic, covering plans
The iconic clothing maker Levi Strauss is experiencing a revival in Western wear, thanks to a cultural shift towards denim on denim styles. The company’s CEO, Michelle Gass, recently expressed excitement over the growing popularity of Western wear, citing a surge in demand for not just traditional blue jeans, but also denim shirts, skirts, dresses,