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Social Security benefits got a 3.2% cost-of-living adjustment (COLA) in 2024, a smaller raise than the historic 8.7% COLA doled out in 2023. Unfortunately, retired workers are on pace to get an even smaller pay bump of 2.6% in 2025, according to The Senior Citizens League, a non-profit advocacy group. What makes that steady decline surprising is that many seniors report facing financial hardships.
A colleague recently asked me to run the 30 year annual returns for U.S. stocks, bonds and cash. He just wanted the returns. I couldn’t help but slice and dice the numbers and overanalyze the data because that’s what we do here. Let’s dig in. First the annual return numbers for the S&P 500, 10 year treasuries and 3 month T-bills over the 30 years ending in 2023: Some thoughts about these numbers: St.
Rocket Lab (NASDAQ: RKLB) -- like the name implies -- is a company that makes rockets. Small, expendable "Electron" rockets, for the most part (although Rocket Lab has plans to test fly a new medium-size and reusable "Neutron" rocket in either 2024 or 2025). On Wall Street, a lot of analysts have pegged the introduction of Neutron as the event that flips the switch on Rocket Lab and turns the rocket company from just one of many unprofitable space stocks into a bona fide profit-making corporatio
In the northeast, Spring has fully sprung. Temps are expected to kiss 80 today, and after a mild winter, we have been enjoying abundant sunshine. The daffodils and tulips are up, the magnolias are blooming, and the pear and cherry trees are explosions of colors! All of that blue sky beckons us to hop in a roadster to enjoy the open road. My first high HP car was a BMW convertible, but the open-top car that set the standard was the 507.
In March, the nearly 50.7 million retired workers who collected a Social Security benefit took home an average of $1,913.31. Though this might not sound like much, a study from the Center on Budget and Policy Priorities finds that Social Security has lowered the poverty rate for adults 65 and older to 10.2% from an estimated 38.7% if the program didn't exist.
SoundHound AI (NASDAQ: SOUN) garnered a lot of attention after it was revealed that it was one of four stocks, along with Arm Holdings (NASDAQ: ARM) , that Nvidia (NASDAQ: NVDA) invested in late last year. Nvidia took some of its ample cash and invested in companies it thought could greatly benefit from the upcoming artificial intelligence (AI) revolution.
Many investors are familiar with the three major U.S. stock market indexes. I am talking about the S&P 500 (SNPINDEX: ^GSPC) , the Dow Jones Industrial Average (DJINDICES: ^DJI) , and the Nasdaq Composite (NASDAQINDEX: ^IXIC). Those three indexes cover different facets of the domestic stock market, but they all measure the performance of large-cap U.S. companies.
Social Security retirement benefits provide much-needed income to millions of seniors who rely on this money to help cover their essential costs. Unfortunately, many seniors are losing thousands of dollars worth of these benefits every year as a result of a problematic rule. Here's what the issue is, and some details about why a growing number of Social Security recipients get to keep less of their benefits each year.
By Marvin H. Feldman, CLU, ChFC When talking with clients, you need to know when to ask more questions to understand how they’re truly doing in their lives. These deeper listening skills are how we build stronger relationships. If you’re asking somebody, “How are you feeling? How are you doing? How’s the business?” And they say, “Everything’s just fine.
These days, a lot of people are on top of economic news, with topics like inflation and interest rates monopolizing much of the media. As such, news pertaining to Social Security tends to get pushed to the background to a large degree. But it's important to know about changes to the program, whether you're currently receiving benefits or are years away from filing your claim.
TaxBit, a NYC-based provider of tax and accounting compliance solutions, received a strategic investment from In-Q-Tel (IQT), the not-for-profit strategic investor for the U.S. national security community and America’s allies. The amount of the deal was not disclosed. The company intends to use the funds to accelerate the development and deployment of its commercial and […] The post TaxBit Raises New Funding appeared first on FinSMEs.
Nancy Pelosi, D-Calif., has multiple major accomplishments on her resume. She's been a U.S. Representative for nearly 37 years. She's the first female Speaker of the House and the first woman to lead either chamber of Congress. Is she also a market-beating investor? The former House Speaker nearly tripled the S&P 500 's returns in 2023, giving her the ninth-best returns among members of Congress , according to options trading platform operator Unusual Whales.
Variantyx, a Framingham, MA-based company which specialises in molecular diagnostics, raised $36M in funding. Backers included Peregrine Ventures, Pitango HealthTech, New Era Capital Partners and Bosch Ventures. The round brought the total amount invested in Variantyx to over $125M. The company intends to use the funds for additional technological and commercial expansion, seizing the opportunity […] The post Variantyx Raises $36M in Funding appeared first on FinSMEs.
Image source: Getty Images Looking to buy a house in 2024? It's not really a great market for anyone (well, maybe for people who can buy all in cash and don't need to worry about mortgage rates), but if it's your first time, you have my sympathies. You'll contend with a ton of competition -- according to data from the National Association of Realtors, there was only a 2.9-month supply of homes available in February 2024.
Amae Health, a San Francisco, CA-based company which specializes in delivering patient-centered care for people with severe mental illness, raised $15M in Series A funding. The round was led by Quiet Capital with participation from Healthier Capital, Baszucki Group, Index Ventures Managing Partner Mike Volpi, and all of original seed investors – Bling Capital, 8VC, […] The post Amae Health Closes $15M Series A Funding Round appeared first on FinSMEs.
Investing is simple to learn, but it can be very hard to master. I've made my fair share of mistakes, particularly when I was just starting out. Instead of taking a measured approach and trying to focus on the long term, I jumped in with both feet and did a lot of things that weren't good for me financially. It would have been much better if I had bought a broad-based index fund, like SPDR S&P 500 ETF (NYSEMKT: SPY).
Positive social tipping points are probably the fastest and most powerful way of addressing the climate crisis but how do we tip a social system? The Thinking Ahead Institute's Time Hodgson investigates.
In the ever-evolving landscape of cryptocurrencies, few events hold as much influence and anticipation as Bitcoin 's (CRYPTO: BTC) halving. On Friday, April 19, the world's original cryptocurrency underwent its fourth halving, setting the stage for a potential price surge. While past performance doesn't guarantee future results, with a deeper exploration of the halving, it becomes clear that Bitcoin's price increasing is as close to a safe bet as you can get in the world of investing, especially
To read this article, you must be a paid subscription member. (Current members login here) [.] The post Sahel Capital provides avocado oil processor with working capital first appeared on Africa Capital Digest.
I've been investing in Bitcoin (CRYPTO: BTC) on and off for more than 10 years now, but I never quite had the conviction to hold onto my coins for very long. After all, it's doubtful that the coins will ever have real utility like a precious metal might, and there's certainly no major nation-state or equivalently powerful actor supporting its value or accepting it as a medium of exchange.
To read this article, you must be a paid subscription member. (Current members login here) [.] The post Chedid buys rest of Groupe Ascoma from founding family first appeared on Africa Capital Digest.
Dividend stocks are some of the best investments you can choose to have in your portfolio. They provide investors with valuable stability that flows from their large sales footprints, established market share positions, and passive income streams. This is an excellent time to be shopping in this market niche, too. That's because many dividend giants have fallen out of favor as Wall Street focuses on the small group of tech stocks that have powered most of the market's recent rally.
To read this article, you must be a paid subscription member. (Current members login here) [.] The post Globeleq buys significant minority stake in Egyptian solar plant first appeared on Africa Capital Digest.
Many electric vehicle (EV) stocks crumbled over the past year as the market cooled off and rising interest rates compressed their valuations. But according to Precedence Research, the global EV market could still expand at a compound annual growth rate (CAGR) of 23.4% from 2024 to 2032 as EVs gradually replace gas-powered vehicles. Therefore, the recent sell-off in EV stocks might represent a golden buying opportunity for value-minded investors who can look past the near-term headwinds.
To read this article, you must be a paid subscription member. (Current members login here) [.] The post Mediterrania earns healthy return from sale of remaining stake in TGCC first appeared on Africa Capital Digest.
Financial services is an industry desperate for some innovation. In an age when just about anything can be accomplished online, the idea of going to a brick-and-mortar bank to complete a basic transaction is not appealing. Fintech businesses that operate at the intersection of technology and finance, such as Stripe , Chime, Plaid, and others, have brought some much-needed disruption to legacy financial services.
MENLO PARK, Calif.--(BUSINESS WIRE)-- KKR today announced the signing of a definitive agreement with Broadcom Inc. (NASDAQ: AVGO) to acquire its End-User Computing Division (the “EUC Division”) in a transaction valued at approximately $4 billion. Upon closing of the transaction, the EUC Division will become a standalone company, with greater access to growth capital and a dedicated strategic.
If you want to get the biggest Social Security check possible, you'll likely have to wait until you turn 70 years old. The program rewards participants who wait to start collecting their benefits by offering them up to 8% for each year they delay past their full retirement age. Benefits top out at 70, and more often than not, waiting until that age to claim maximizes someone's lifetime income from Social Security.
NEW YORK--(BUSINESS WIRE)-- KKR today announced the appointment of Ruchir Swarup as a Partner and Chief Information Officer, effective immediately. In this role, Mr. Swarup will be responsible for driving KKR’s technology strategy and vision. Based in New York, Mr. Swarup will lead the firm’s efforts to embrace new technologies and scale existing technology to create efficiencies and reduce.
The fact that many investors underperform the S&P 500 is often a poorly understood part of investing. Although stocks like Nvidia and Tesla have experienced massive market-beating returns, numerous others underperform the index, and some lose value. Thus, investors who can meet that index benchmark are doing well. However, some exchange-traded funds (ETFs) have beaten the S&P.
NEWARK, N.J.--(BUSINESS WIRE)--HarbourView Equity Partners (HarbourView), an industry-leading alternative asset management company focused on investment opportunities in the sports, media and entertainment space, has secured approximately $500 million in debt financing through a private securitization backed by its diversified catalog of music royalties.
It's difficult to overstate the impact artificial intelligence (AI) will have on the world in the coming years. While AI has been around in one form or another for decades, the latest developments have the potential to move the needle in ways we can't yet imagine. Generative AI has demonstrated the ability to create original text, images, and audio, but its potential goes far beyond that.
KKR announces the signing of an Investment Agreement with Encavis as part of a takeover offer. The Management Board and the Supervisory Board of Encavis are fully supportive of the strategic partnership and intend to recommend that all shareholders accept the offer.
The healthcare industry has proven to be particularly resilient to the ebb and tide of market sentiment through the years. While stock performance is individual to each company and its own unique growth story, there's a reason these businesses generally stay the course even when overall macro conditions are suffering. Broadly speaking, healthcare companies provide products and solutions that people need no matter what is happening with the stock market or the economy at large.
London and Frankfurt, 15 March, 2024 – KKR, a leading global investment firm, announces today that a consortium of investors, co-led by KKR, has agreed to provide a €1.1 billion financing solution to support the future growth of Ottobock (the “Company”), a global market leader in prosthetics. The financing will also support existing majority shareholder Professor Hans Georg Näder and the Näder Family’s buy back of EQT’s shareholding in the business.
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