A recent U.S. Labor Department rule is set to revolutionize the world of retirement investment advice and significantly impact the guidance given to investors considering rolling over funds from 401(k) plans to individual retirement accounts (IRAs), according to legal experts. Issued on April 23, the new “fiduciary” rule aims to elevate the standards for brokers,
admin
When looking at the current market conditions and the impact of macro challenges on companies, it becomes evident that the long-term prospects of a company matter more than the short-term stock movements triggered by quarterly results. According to TipRanks, a platform ranking analysts based on their past performance, Netflix (NFLX) is a stock favored by
In a recent interview on CNBC’s “ETF Edge,” ARK Invest’s chief futurist Brett Winton highlighted five key areas that tech investors should focus on to gain an edge in the market. These areas include robotics, artificial intelligence, multi-omics sequencing, public blockchain, and energy storage. Winton emphasized that these technologies are all entering the marketplace simultaneously,
Wolfspeed is a semiconductor company known for its focus on silicon carbide technologies, with a core mission of providing solutions for efficient energy consumption and a sustainable future. The company’s product families span silicon carbide material and power devices designed for a range of applications, including electric vehicles, fast charging, renewable energy, and storage. Jana,
As voters gear up to cast their ballots this coming November, they aren’t just deciding between political parties – they are also making a pivotal choice regarding the fate of Social Security. The program, set to allocate a whopping $1.5 trillion in benefits to nearly 68 million Americans per month by 2024, serves as a
In the current spring housing market, potential homebuyers are shifting their focus towards new construction, rather than previously owned homes. This change is driven by several factors, including incentives, availability, and market conditions. With lower supply, higher prices, and rising interest rates affecting the housing market, new construction presents a more appealing option for many
The wealth gap among rich millennials and the rest of their age group has continued to widen, leading to increased class tension and resentment. Recent studies have shown that the top 10% of millennials have amassed more wealth than the previous generations, while the majority struggle with student debt, low-wage jobs, unaffordable housing, and low
The IRS Direct File tax filing pilot program has evidently been successful this season, with over 140,000 taxpayers utilizing it to file their returns. This initiative, which was free for certain taxpayers in 12 states, saved filers an estimated $5.6 million in tax preparation fees for federal returns. The high satisfaction rate among users, with
The Food and Drug Administration has recently given approval to Pfizer for its innovative gene therapy treatment for hemophilia B, a rare genetic bleeding disorder. This marks a significant milestone for the company, as it is their first-ever gene therapy to receive clearance in the United States. Hemophilia B is a debilitating condition that affects
Chinese electric car manufacturers Nio and Xpeng have announced their intentions to target a lower-priced segment of the market by releasing newly branded cars this year. Nio, known for its premium market offerings, is set to launch an affordable SUV that will be cheaper than Tesla’s Model Y. On the other hand, Xpeng, which has