Ferrari is notorious for its high-performance combustion engine sports cars, but the luxury automaker is making a bold move by entering the electric vehicle market. Ferrari CEO Benedetto Vigna recently revealed that the all-electric Ferrari model is in the works and is expected to be launched in the fourth quarter of 2025. Despite the electric
The average 401(k) savings rate, including both employee deferrals and company contributions, has reached historic levels in recent years. Reports from Vanguard and Fidelity for 2023 and early 2024 show record-high combined savings rates of 11.7% and 14.2% respectively. These numbers emphasize the importance of setting money aside for retirement, with Vanguard recommending saving between
When couples face financial stress, the common belief is that open communication is key to resolving issues. However, research from Cornell University suggests that in reality, the opposite often occurs. According to Emily Garbinsky, an associate professor at Cornell, individuals under financial stress tend to avoid conversations with their partners out of fear that it
Target, a well-known retailer based in Minneapolis, has recently announced a partnership with Shopify to introduce new and trendy brands to its online platform. This collaboration aims at enhancing the overall shopping experience for Target’s customers by adding a variety of products from smaller and up-and-coming brands that utilize the Shopify e-commerce platform. By launching
When considering investing in the stock market, it is essential to pay attention to the recommendations of top analysts to gain insights before making any investment decision. One stock that has caught the eyes of Wall Street analysts is Delta Air Lines (DAL), America’s second-largest carrier. DAL operates over 290 destinations across six continents via
The newest real estate indicator in the United States has identified several counties that are considered the easiest places to buy a home. Iroquois County, Illinois, for example, is labeled as the least challenging market to purchase a home. It stands out for being highly cost-effective when compared to other counties. This means that buying
The trend of the “no-spend month” on TikTok has gained popularity as a way to save money and improve financial habits. However, before jumping on the bandwagon, it’s essential to consider the potential pitfalls of this approach. One of the main issues with the no-spend challenge is its sustainability over the long term. While it
The U.S. Department of Education is considering extending the eligibility of the Public Service Loan Forgiveness program to include early childhood educators. The proposal aims to address the financial challenges faced by individuals working in early childhood education settings, many of whom struggle with low wages and significant student debt burdens. Support for Early Childhood
Forever 21, a well-known fast-fashion brand with over 380 stores in the U.S., is currently facing a challenging time as its sales decline and competition intensifies. The retailer has reached out to some landlords, requesting up to a 50% reduction in rent to alleviate its financial strain. These difficulties come after the company filed for
The housing affordability crisis in the United States has led to a significant increase in the construction of single-family built-for-rent homes. According to the National Association of Home Builders (NAHB), the number of these homes being built has surged by 20% in the first quarter of 2024 compared to the same period in 2023. This