Author: News Room
By Lucy Lazarony, Next Avenue Many Americans in their 50s don’t have nearly enough savings set aside for retirement. How bad is the shortfall? According to Prudential’s 2024 Pulse of the American Retiree survey, with just a decade until the traditional retirement age, 55-year-old Americans have less than $50,000 in median retirement savings. Prudential says that is “significantly short” of the recommendation to have saved eight times one’s annual income by that age. The Bureau of Labor Statistics estimated in June that the median annual wage for U.S. workers aged 55 and older was $62,244. Eight times that amount is…
A version of this story appeared in CNN’s What Matters newsletter. To get it in your inbox, sign up for free here. If 2024 is anything like 2020 or 2016, the presidential election will be decided by relatively small margins in a handful of states. That means some local battles scattered across the country could have national importance. Here’s a round-up of some recent CNN reports, something we’ll do again as we get closer to Election Day. This is an ongoing story that has seen normally run-of-the mill meetings of the Georgia State Election Board turn into packed affairs featuring supporters…
Unlock the US Election Countdown newsletter for freeThe stories that matter on money and politics in the race for the White HouseUS prosecutors have filed a revised set of charges against Donald Trump over his alleged attempts to overturn the results of the 2020 election, in an attempt to comply with the Supreme Court decision that recognised broad immunity from criminal prosecution for presidents.The superseding indictment, filed by special counsel Jack Smith in Washington federal court on Tuesday, comes weeks after the high court ruled that the case would have to be examined by a federal judge to determine what…
In May, I upgraded my rating for Triumph Group (NYSE:TGI) stock to buy on a more manageable debt profile. However, I did point out that the company needs a solid free cash flow conversion, and even in that case, refinancing some of its debt would be required. In this report, I will be discussing the most recent results, provide a risk assessment and update my price target and rating for the stock. Aerospace Supply Chain And Production Rates Limit Growth For Triumph Group Triumph GroupQ1 2025 sales grew 7% with operating income up $9 million to $8 million and up…
Pizza Hut is offering customers moving to a few cities something extra through its packaging. The pizza chain is offering a special pizza box that turns into a miniature table with an order of a large regular-priced pizza in Dallas, Texas; Charlotte, North Carolina; and Orlando, Florida. Pizza Hut said it chose those cities based off a Penske Truck Rental list that ranked the cities among the country’s top moving destinations. Brands will often offer buzzy marketing campaigns to generate attention, especially when tied to important holidays or events. And with parent company Yum Brands facing the same kind of…
Check out the companies making headlines in extended trading. Nordstrom – Shares jumped about 7% after the company’s second-quarter earnings topped analysts’ estimates. The retailer reported adjusted earnings of 96 cents per share, topping consensus forecasts of 71 cents per share, according to LSEG. Meanwhile, revenue of $3.89 billion missed the estimate for $3.90 billion. Ambarella – The semiconductor developer surged 20% after posting upbeat revenue guidance for the fiscal third quarter . Ambarella sees third quarter revenues ranging from $77 million to $81 million, while analysts polled by LSEG called for $69 million. The company also beat the Street’s…
Former President Donald Trump’s economic proposals would increase federal deficits by $5.8 trillion over the next decade, almost five times more than those of Vice President Kamala Harris, which would add $1.2 trillion, according to a new pair of studies from the nonpartisan Penn Wharton Budget Model.The Trump report found that his plan to permanently extend the 2017 tax cuts would add over $4 trillion to deficits over the next 10 years. His proposal to eliminate taxes on Social Security benefits comes with a $1.2 trillion price tag, while his pledge to further reduce corporate taxes would add nearly $6…
Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as “Credible” below, is to give you the tools and confidence you need to improve your finances. Although we do promote products from our partner lenders who compensate us for our services, all opinions are our own. The interest rate on a 30-year fixed-rate mortgage is 6.125% as of August 5, which is 0.250 percentage points lower than on Friday. Additionally, the interest rate on a 15-year fixed-rate mortgage is 5.490%, which is 0.135 percentage points lower than on Friday. With mortgage rates changing daily, it’s a good…
Many estate owners are concerned about what will happen to the wealth in the next generation and the effects the inheritance will have on their heirs, making how to leave wealth to the next generation one of the most difficult estate planning decisions. Wealth is accumulated and preserved for the next generation at least partly to enrich the lives of loved ones. But there are many stories of heirs wasting or mismanaging inheritances and other stories of inheritances changing heirs for the worse. Several different types of trusts are available to avoid these negative consequences. Each has advantages and disadvantages,…
Members of the bipartisan congressional task force established to investigate the attempted assassination of former President Donald Trump promised Monday to get to the bottom of the security failures of that day even if it may be a “slow process,” after the group toured the Pennsylvania rally site where the shooting took place. Accompanied by local law enforcement, including the Butler County Sheriff and Pennsylvania state police, lawmakers walked the Butler Farm Show grounds where the July 13 rally was held, going first to the area where Trump took the stage and was shot at. The lawmakers then made their…
