In the world of retirement savings, there is a lesser-known strategy that could benefit higher earners looking to maximize tax-free growth. While Roth IRAs offer tax-free advantages, some individuals may earn too much to make direct contributions. This is where mega backdoor Roth conversions come into play, providing an opportunity to sidestep income limits and
In today’s job market, companies are increasingly shifting their focus towards skills-based hiring rather than traditional metrics like education or years of experience. Recent reports and data have shown a significant decrease in the number of job postings that list specific requirements for employment tenure and formal education. According to data from job site Indeed,
Pfizer’s drug, Lorbrena, has shown significant promise in the treatment of advanced non-small cell lung cancer in patients with a mutation in the ALK gene. The latest data from a late-stage trial has demonstrated that Lorbrena helped patients live longer without the progression of their cancer, with most patients experiencing this benefit for over five
Recently, the Food and Drug Administration approved Moderna’s vaccine for respiratory syncytial virus (RSV) for adults ages 60 and above. This approval marks a significant milestone for Moderna, especially considering the company’s need for an additional revenue source due to declining demand for its Covid jab. The Approval Process Moderna’s vaccine for RSV was approved
Aston Martin, the iconic British sports carmaker, is gearing up for a significant transformation under the leadership of Executive Chairman Lawrence Stroll. Stroll, a former fashion mogul turned billionaire, has spearheaded a comprehensive plan to revitalize the brand and steer it towards profitability after years of financial struggles. With a flurry of new models in
Billionaire investor Bill Ackman has made a bold move by selling a 10% stake in Pershing Square, in a bid to eventually take his investment firm public. This strategic decision involves raising $1.05 billion in a funding round, which accounts for 10% of the management company and implies a valuation of $10.5 billion. The investors
The fusion of luxury real estate and fine art has become a burgeoning trend, as demonstrated by Paul Lester, a partner at the real estate firm The Agency. Lester has successfully integrated significant artwork by contemporary artists into the high-end properties he lists, creating a unique selling point that appeals to a discerning clientele. By
France is making a name for itself in the world of artificial intelligence, positioning itself as the next superpower in this rapidly evolving field. With the recent success of the Viva Technology conference in Paris, there is a buzz surrounding France’s advancements in AI. Companies like H, which secured $220 million in seed funding from
Costco Wholesale recently released its third-quarter earnings report, surpassing Wall Street’s expectations. The company experienced a 9.1% year-over-year increase in total revenue, reaching $58.52 billion. Additionally, Costco’s earnings per share for the quarter exceeded analysts’ forecasts, totaling $3.78. Despite a slight decline in stock value following the earnings announcement, Costco’s business model of offering quality
In a recent statement by Bank of America CEO Brian Moynihan, it was highlighted that both U.S. consumers and businesses have become more cautious about their spending habits this year due to the impact of elevated inflation and interest rates. Moynihan mentioned that there has been a noticeable slowdown in the rate of purchases made