In an unexpected and significant policy shift, 2024 brought a transformative change to 529 college savings plans. Families can now roll over unused 529 plan funds into a beneficiary’s Roth individual retirement account (IRA) tax-free, provided the 529 plan has been active for at least 15 years. This new provision presents a financial avenue previously
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In the third quarter, Southwest Airlines encountered a decline in profits compared to the previous year, yet triumphed over Wall Street forecasts. This underperformance can be attributed not only to external market pressures but also to Southwest’s strategic maneuvers to enhance its revenue stream while simultaneously addressing the growing influence of Elliott Investment Management, an
The recent ruling by the Consumer Financial Protection Bureau (CFPB) against Apple and Goldman Sachs serves as a stark reminder of the regulatory responsibilities that accompany lending practices in the financial services industry. The organizations were ordered to pay a staggering $89 million following accusations of mishandling consumer disputes related to the Apple Card, their
Peloton, once a household name in the fitness industry, has faced a multitude of challenges in recent years. The company’s stock has plummeted, and it now grapples with an uncertain future, questioning its viability in the competitive landscape of at-home fitness solutions. David Einhorn of Greenlight Capital believes there remains a silver lining within Peloton’s
The recent E. coli outbreak associated with McDonald’s iconic Quarter Pounder has raised significant public health concerns and ignited discussions around food safety in the fast-food industry. With 75 cases reported across 13 states, along with 22 hospitalizations and a tragic death of an older adult in Colorado, the implications of this outbreak are wide-ranging
The landscape of the housing market has changed dramatically in recent years, presenting numerous obstacles for potential homebuyers. A critical issue at the forefront is the acute housing shortage. Experts like Drew and Jonathan Scott, renowned for their television series on home renovation, assert that this scarcity profoundly impacts various facets of home ownership. They
In the world of finance, keeping an eye on market dynamics is crucial for investors and stakeholders alike. The stock market is like a living organism, continuously evolving and responding to internal and external stimuli. Recent market activity has illustrated this perfectly as the Dow Jones and S&P 500 endured a disappointing third consecutive day
As we look ahead to 2025, changes in the capital gains tax brackets present a compelling opportunity for individuals and families to enhance their tax planning strategies. Financial experts are highlighting the importance of understanding these forthcoming adjustments, particularly regarding the expanded 0% capital gains tax bracket. This new development not only offers a threshold
In a rapidly evolving fintech landscape, the Swedish digital payments company Klarna has distinguished itself as a powerhouse of innovation and entrepreneurship. According to a recent report by venture capital firm Accel, Klarna has eclipsed all other European financial technology unicorns in terms of the number and success of startups spawned from its workforce. With
Honeywell International, a prominent player in industrial technologies, released its third-quarter financial results recently, stirring mixed sentiments among investors and analysts alike. While the company’s earnings reflected commendable profitability, revenue figures and forward guidance left much to be desired. This article delves into the financial outcomes, the rationale behind fluctuating stock performance, and the strategic