Nearly half of retirees leave work earlier than planned at 62 Nearly half of retirees leave the workforce earlier than planned, with an average actual retirement age of 62. The average age workers expected to retire remained 65. Health setbacks are the single m
US stock valuations have climbed to near record highs US stock valuations have reached levels only exceeded during the dot-com bubble. The current market optimism has prompted warnings that investors may be underestimating downside risks. Renewed fears of a marke
Inherited IRA heirs must drain accounts within 10 years Most non-spouse heirs must fully drain an inherited IRA within 10 years. Withdrawing the full balance in Year 1 pushes the entire amount into ordinary income. The average IRA balance is $146,400, according to Q
UnitedHealth posts $6.38 earnings per share UnitedHealth Group reported adjusted earnings of $6.38 a share on revenue of $112.0 billion, beating analyst expectations of $4.90 a share on $110.85 billion. The company's net income reached $5.48 billion, up from $3.41 b
Interactive Brokers' client accounts rose 34% year-over-year Interactive Brokers' customer accounts increased 34% to 5.185 million in June from the same month last year. The company's clients held $930.3 billion in equity, up 40% from the prior year. The company han
Equity markets fell amid AI spending concerns AI-related stocks fell globally due to concerns that major AI hyperscalers may slow their infrastructure spending. The energy spike also renewed fears of sticky inflation and hawkish central bank policies. Escal
S&P 500 falls 1% on Friday The benchmark S&P 500 fell 1% on Friday. The tech-heavy Nasdaq Composite slipped 1.4%. The decline was led by semiconductors and the debut of Moonshot AI's Kimi-K3.
Circle stock plunges from $260 to $62 Circle President Heath Tarbert addressed the company's stock price drop from $260 to $62. He stated that Circle is focused on the long game, believing that achieving their mission will ultimately benefit the stock. The compan
Highest CD rate offered is 4.10% APY on a 14-month term A certificate of deposit (CD) allows savers to lock in a competitive rate on their savings. Historically, longer-term CDs offered higher interest rates than shorter-term CDs. The highest CD rate today is 4.10%
US refiner margins reach record highs due to fuel shortage concerns US refiner margins have surged to record highs this week. The increase is driven by low stockpiles and supply disruptions. The 3-2-1 crack spread, a key benchmark, has been affected by esca
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