Federal Reserve chair Jerome Powell recently hinted at the possibility of cutting interest rates, which are currently at their highest level in two decades. This potential rate cut, expected to occur in September, would be the first in over four years and comes as the U.S. economy grapples with the aftermath of the Covid-19 pandemic.
When it comes to maximizing your 401(k) contributions for the year, financial advisors are not always quick to recommend it to everyone. While the option to defer up to $23,000 into your 401(k) plan is enticing, it may not be the best move for everyone. Certified financial planner Donald LaGrange suggests that getting your employer’s
Federal Reserve Chair Jerome Powell recently delivered a keynote address at the Fed’s annual retreat, hinting at potential interest rate cuts in the future. While he emphasized the need for policy adjustment, he refrained from providing specific details on the timing or extent of these cuts. Powell emphasized that the decision to reduce rates would
Recently, National Public Data, a background check company owned by Jerico Pictures Inc., revealed a massive data breach that may have affected billions of personal records. The breach, which was brought to light after a proposed class action lawsuit, has raised concerns about the security of personal information. Reports suggest that over 2.7 billion records
The Biden administration recently announced that it will be providing free at-home Covid-19 tests to American households starting in late September. This initiative comes at a crucial time as the virus continues to spread rapidly across the country, especially during the summer months. Through the COVIDtests.gov platform, Americans will have the opportunity to request up
The classic car market is experiencing a shift from older to newer cars, as evidenced by the 3% decline in auction sales during Monterey Car Week. This shift has left a pileup of unsold classics from the 1950s and 1960s. Total sales at this year’s five car auctioneers in Monterey fell to $391.6 million from
Homebuilders D.R. Horton and Lennar have seen their shareholder returns outpace the S&P 500 between August 2014 and August 2024. This growth in returns was promising, but recent downgrades in the investment outlook of both companies have raised concerns among analysts. Despite this, some investors remain optimistic about the industry’s prospects for future performance. It
Remote work, once considered a temporary solution during the Covid-19 pandemic, has now become a permanent and significant aspect of the U.S. labor market, as indicated by economists. This work-from-home revolution has been identified as one of the most substantial shifts in the U.S. labor market over the past few decades, according to Nick Bunker,
Retirees often have various sources of income, including Social Security, pensions, retirement plans, and more. To avoid IRS penalties, they need to withhold taxes or make quarterly payments. While the quarterly deadlines for estimated taxes in 2024 are set for April 15, June 17, Sept. 16, and Jan. 15, 2025, there is a lesser-known strategy
Philadelphia Federal Reserve President Patrick Harker recently expressed his strong support for an interest rate cut during an interview with CNBC at the Fed’s annual retreat in Jackson Hole, Wyoming. Harker’s stance marks a significant shift in the central bank’s monetary policy, signaling that easing measures are likely to be implemented when officials convene next