Ever wondered how much you can sock away for retirement in a 401(k) next year? The Internal Revenue Service (IRS) has some good news! They've just announced new contribution limits for 2025. Starting next year, you can save up to $23, 500 from your paycheck before taxes, that's $500 more than this y
Retail investors have been busy snapping up bitcoin and gold before the upcoming U. S. presidential election, expecting potential benefits if former President Trump wins. According to a report from JPMorgan, these investors are part of the "debasement trade, " where they buy these assets to hedge ag
This week, former President Donald Trump's fortune took a big hit. His stake in Trump Media & Technology Group dropped by about $2. 4 billion. The company's stock, known as DJT, saw a sharp decline of almost 40% in two days. This sudden drop happened even after the stock had skyrocketed recently. Th
In September, inflation inched up, drawing closer to the Federal Reserve’s target. The personal consumption expenditures price index saw a 0. 2% increase, with an annual rate of 2. 1%, right in line with predictions. The Fed heavily relies on PCE readings, though they also consider other indicators.
Coinbase, a big player in the cryptocurrency world, had a rough third quarter. Their stock took a hit, dropping by 4% after the market closed. Why? Well, crypto trading was pretty quiet, and that's not good news for a company that makes money from people buying and selling digital currencies. The c
Bitcoin is making waves, climbing towards $70, 000, while gold hit a record $2, 733 per ounce. Investors are flocking to these assets due to global uncertainty, like the Fed’s rate cuts and tensions in the Middle East. But which one is a better investment? Matthew Hougan, Chief Investment Officer at
Ethereum (ETH) seems to have fallen behind Bitcoin (BTC) in the crypto race this year. At the moment, BTC is up by 70% compared to ETH's 18%. This isn't the first time ETH has played second fiddle to BTC, and it's interesting to note that we're seeing a similar trend for the third time since 2016. W
Anthony Scaramucci, the founder of SkyBridge Capital, believes the US can manage its debt crisis by allowing inflation to rise slightly. This strategy might not be great for savers and lower- to middle-income households, but Scaramucci thinks it's the way to go. He made these comments just before th
Imagine starting your day like millions of people: waking up, commuting to work, and scrolling through social media. You laugh at cute cat pictures on Reddit, search for random facts on Google, and watch funny cat videos on YouTube. These routine activities might seem unrelated to stocks and finance
You know how often people worry about economic slowdowns? Well, the U. S. economy showed it wasn't bothered by such fears in the third quarter of 2024. It grew at a steady pace of 2. 8%, which is a bit less than expected but still solid. Consumers were the heroes, spending more than they were suppos
