Author: Anthony M. Orbison

Some wealthier millennials and Gen Zers are over-saving for retirement.Getty ImagesNearly half of Americans retiring at 65 risk running out of money, Morningstar finds.Single women face a 55% chance of depleting funds, higher than single men and couples.Experts advise better tax planning and diversified investments to mitigate retirement risks.If you’re aiming to retire at the standard age of 65, buckle up because you’re going to want to hear this one.According to a simulated model that factors in things like changes in health, nursing home costs, and demographics, about 45% of Americans who leave the workforce at 65 are likely to…

Companies, especially retail ones, like to innovate to keep up with industry trends, but Nike’s latest executive board decision seems to contradict this approach.Although Nike still ranks as the number one sportswear company in the U.S., this year has been tough. The company has experienced declines in the sales department that threaten its position as the top dog.Related: Retail sales grow, but one issue poses major economic threatAccording to Nike’s Q4 earnings report for 2024, quarterly revenues were down 2% compared to the year prior.Nike is doing everything it can to get back on a positive track, which caused the…

The UK Parliament has introduced the Property (Digital Assets etc) Bill today to officially and legally recognize Bitcoin, cryptocurrency, and other digital assets as personal property. With this new legislation, for the first time, British law would officially protect digital holdings such as Bitcoin and other cryptocurrencies, non-fungible tokens (NFTs), and carbon credits.JUST IN: 🇬🇧 UK Parliament introduces bill to recognize #Bitcoin as personal property. pic.twitter.com/FzMHgmIZjx— Bitcoin Magazine (@BitcoinMagazine) September 11, 2024 “It is essential that the law keeps pace with evolving technologies and this legislation will mean that the sector can maintain its position as a global leader in…

How to Use Fundamental Analysis to Make Profitable Trades Fundamental analysis is a crucial aspect of making informed investment decisions in the financial markets. It involves examining a company’s underlying financial health, management quality, industry trends, and economic conditions to determine its intrinsic value. By combining fundamental analysis with technical analysis, investors can make profitable trades and avoid costly mistakes. In this article, we will explore the importance of fundamental analysis, how to conduct it, and provide tips on how to use it to make profitable trades. Why is Fundamental Analysis Important? Fundamental analysis is essential because it helps investors…

Unlock the US Election Countdown newsletter for freeThe stories that matter on money and politics in the race for the White HouseKamala Harris used a major speech in Pennsylvania on Wednesday to make a direct appeal to businesses, describing herself as a “capitalist” who believes in “free and fair markets” and an “active partnership between government and the private sector”. In her most extensive comments on the US economy to date, the Democratic presidential candidate also sought to draw a sharp contrast between herself and her Republican opponent, Donald Trump. In the speech at the Economic Club of Pittsburgh in…

By Anna Tong (Reuters) -Three top technical leaders at Microsoft-backed OpenAI quit on Wednesday, the latest in a string of executive departures this year coming at a time of flux for the ChatGPT maker. Chief Technology Officer Mira Murati, VP Research Barret Zoph and Chief Research Officer Bob McGrew all announced their departures via X on Wednesday afternoon. The San Francisco-based artificial intelligence startup is negotiating a new $6.5 billion financing round valuing the company at $150 billion, contingent on the company upending its corporate structure. The company plans to restructure to a for-profit benefit corporation and will give CEO…

Bitcoin, the original cryptocurrency, has come a long way from its informal past. From an experimental digital currency that occupied cypherpunk niches on the internet, it has grown to a trillion-dollar market cap asset valued at over $66,900 per coin as of this writing.While investing in Bitcoin is still considered a wild ride, the asset is quickly maturing. Financial institutions are closing in and creating hybrid vehicles to invest in cryptocurrency. The ecosystem reached a new milestone with the advent of Bitcoin ETFs, making people realize the immensity of Bitcoin’s potential in traditional markets and spurring new demand.As more people…

The Psychology of Trading: How to Overcome Fears and Stay Motivated Trading is a high-stress activity that requires a combination of technical analysis, market knowledge, and emotional discipline. While many traders focus on mastering the technical aspects of trading, they often overlook the psychological aspects of the game. In this article, we’ll explore the psychology of trading, highlighting the common fears and motivations that can make or break a trader’s success. Fear of Loss One of the primary fears that traders face is the fear of loss. This fear can be crippling, causing traders to become overly cautious and hesitant…

Walt Disney Co. is laying off workers at the corporate level as part of a continuing effort to improve the profitability of the business. “As part of this ongoing optimization work, we have been reviewing the cost structure for our corporate-level functions and have determined there are ways for them to operate more efficiently,” the company said Wednesday in an emailed statement. The website Deadline reported that about 300 jobs in legal, human resources, finance and communications were impacted. Divisions including ESPN and theme parks weren’t involved in this round. Disney embarked on cost cutting last year that ultimately involved…

Despite all the benefits of electric vehicles, one major caveat that makes them slightly more inconvenient is the very act of charging. While fueling up a gas-powered car can take just a few minutes, charging time largely depends on what kind of charger you plug an EV into. A DC “fast charger” can take less than ten minutes, while other public EV chargers in parking lots can take up to a few hours. Related: Stellantis seeks new CEO amidst fervent auto industry pressureThat is a lot of time spent not driving. Even with the longest-range EVs on the market, stopping frequently to charge…