IRS reveals updated retirement contribution limits for 2026The IRS unveiled contribution limit changes for popular retirement plans, including 401(k) plans and IRAs.Americans who contribute to 401(k) and 403(b) plans, as well as governmental 457 plans and the federal government's Thrift Savings Plan, will see their contribution limit rise ...
Bonds are heading for the best year since 2020Almost everything has lined up for bonds lately.The Federal Reserve has been cutting interest rates. Jobs growth and consumer spending are slowing, keeping hopes for further cuts alive, but not pointing to an imminent recession that would threaten corporate balance sheets. Inflation ...
Warren Buffett pens last letter as Abel prepares to take overLegendary investor Warren Buffett on Monday published a letter to shareholders letting them know he will be handing off the duties of writing Berkshire Hathaway's annual report and speaking at shareholder meetings to his successor, Greg Abel.Buffett, the 95-year-old chairman and ...
Amazon stock hits record, lights up ETFsAmazon shares touched a record high Friday, rising over 9%, after strong quarterly results that were driven by its growing cloud business – AWS—which saw a double-digit jump in sales to $30 billion. "AWS is growing at a pace we haven't ...
Google to invest $40B in Texas data centers in major AI pushAlphabet's Google is investing $40 billion to build new data centers in two Texas counties.The announcement, made Friday, said one of the new data centers will be in Armstrong County, in the Texas Panhandle, and the other two in Haskell ...
Bitcoin’s bear market weekBitcoin continued its free fall on Friday to end a volatile week, settling into a bear market. The largest cryptocurrency by market value is down over 20% from its all-time high of $126,272 reached in October and breaking key technical levels ...
Mortgage rates tick higher for second straight weekMortgage rates ticked higher for the second straight week, mortgage buyer Freddie Mac said Thursday.Freddie Mac's latest Primary Mortgage Market Survey, released Thursday, showed the average rate on the benchmark 30-year fixed mortgage increased to 6.24% from last week's reading ...
Portable mortgages explained: What they are and how they workFederal Housing Finance Agency Director Bill Pulte said the government agency is "actively evaluating" portable mortgages, which would allow a homeowner to transfer their loan from their current home to a new home when they move. With portable mortgages, the homeowner ...
Toyota opens massive North Carolina battery plant, confirms $10B US investmentToyota announced Wednesday it has officially begun production at its new $13.9 billion battery manufacturing plant in North Carolina, while committing an additional $10 billion to bolster its U.S. manufacturing over the next five years.The 1,850-acre facility in Liberty, North ...
Major crypto exchange picks Texas for new HQ, citing pro-business rulesCryptocurrency exchange Coinbase announced Wednesday that it will reincorporate itself in Texas, becoming the latest company to move its business registration out of Delaware.Coinbase announced the move in a regulatory filing, which said a majority of its stockholders voted to ...
1K unionized Starbucks baristas launch labor strike at 65 storesMore than 1,000 unionized Starbucks baristas went on strike at 65 stores in major U.S. cities Thursday, protesting stalled labor negotiations with the company.The strike aimed to disrupt Starbucks’ Red Cup Day — one of its busiest days — when ...
White House says tariffs will be lowered on some imports from four countries in new...The White House announced several trade deals with South and Central American nations that could lead to reduced tariffs on certain goods, including certain coffee, banana and beef exports. The countries involved in the agreements are Ecuador, Guatemala, El Salvador ...
Warren Buffett's final letter to shareholders: Read in full hereWarren Buffett, 95 years old, delivered his final letter to shareholders, telling his followers, "I'm going quiet." He did, however, make note of his plans for more philanthropic donations to the charities he supports, while also wishing his successor, Greg Abel, ...
Shutdown delays October inflation report – what does the Fed's data say?The longest government shutdown in history has impacted the release of several key economic reports, including October inflation numbers that were due to be released on Thursday, leading to an increased focus on other gauges like those operated by the Federal ...
Tesla shareholders approve Musk's $1T pay packageTesla shareholders voted on Thursday to approve CEO Elon Musk's $1 trillion pay package, which is the largest executive compensation plan on record.Shareholders voted to approve the historic compensation package with 75% voting in favor at the company's annual meeting in ...
Trump team pledges to drive beef prices down by 2026 as USDA chief pushes back...U.S. Agriculture Secretary Brooke Rollins pushed back on predictions that Americans could soon pay $10 per pound for beef, telling FOX Business the Trump administration’s plan to expand grazing lands and reopen key cattle ports is expected to bring prices ...
Disney losing $30M a week as YouTube TV blackout drags on, analysts sayDisney's ongoing carriage dispute with YouTube TV is costing the entertainment giant tens of millions of dollars per week, according to an analysis by a Wall Street leader.YouTube TV customers have lost access to ABC and ESPN amid the dispute with Disney, ...
Fox Corp hits advertising revenue record in first quarterShares of Fox Corporation hit an all-time high intraday Thursday after the media giant posted a record first quarter for advertising revenue.The parent company of Fox News and FOX Business reported its quarterly revenues were $3.74 billion in the first ...
Dow closes above 48,000 for first time, 17th record close of 2025The Dow Jones Industrial Average rose 328 points to close above the 48,000 level for the first time on Wednesday, registering its 17th record high of the year as investors bet on the end of the longest government shutdown in ...
Google shares hit record after Buffett's Berkshire surprise investmentShares of Alphabet, Google's parent, touched an all-time high Monday of $293.95, before giving back some of those gains, after Berkshire Hathaway disclosed it bought nearly 18 million shares valued at over $4 billion in the third quarter.The move served ...
