It is essential to save for your retirement to ensure a comfortable and secure future. Recent data shows that the average 401(k) savings rate, including both employee and company contributions, has reached a record high of 14.2%. This rate is just shy of the recommended 15% benchmark suggested by Fidelity, a leading investment firm. The
Jeep, a brand under Stellantis, has set an ambitious target to increase U.S. sales of its plug-in hybrid electric vehicles (PHEVs) by up to 50% this year. This decision comes as the automaker sees PHEVs as a crucial bridge between its traditional gas-powered SUVs and the upcoming all-electric models. Amidst a slower-than-expected pace of electric
The entertainment industry is abuzz with the news of the agreement between Paramount and Skydance for a merger. CNBC’s David Faber reported on Monday that the two companies have finally come to terms after weeks of negotiations. The deal, which is expected to be announced in the coming days, involves David Ellison’s Skydance, supported by
Recently, Moderna and Merck shared promising three-year data on their innovative vaccine, which was administered to individuals suffering from the deadliest form of skin cancer in conjunction with Keytruda therapy. This groundbreaking combination not only enhanced survival rates but also demonstrated long-lasting efficacy in a midstage research study involving patients with a life-threatening form of
Monzo, the UK-based digital bank, has announced its first full year of profitability. According to the financial results for the 2023-2024 fiscal year, the company reported pre-tax profits of £15.4 million, a significant improvement from the £116.3 million loss the previous year. Revenues also saw a substantial increase, totaling £880 million compared to £355.6 million
Bunq, the Dutch digital bank known for its rainbow-colored cards and focus on “digital nomads,” is in the process of obtaining a banking license from U.K. financial regulators. CEO and founder Ali Niknam expressed his hopes of securing the license by the end of the year or early next year, as the U.K.’s regulatory processes
North Dakota Governor Doug Burgum has found himself at the center of controversy surrounding allegations that former President Donald Trump had promised to reduce regulations in exchange for political donations from oil executives. The claims, reported by the Washington Post, suggest that Trump had made promises to top oil executives in a meeting at his
In today’s volatile market environment, investors are constantly seeking ways to diversify their portfolios and protect against downturns. One such strategy is to invest in dividend-paying stocks, which provide a steady stream of income even when stock prices are fluctuating. According to Wall Street experts on TipRanks, one of the top dividend picks this week
The rise of Financial TikTok, also known as #FinTok, has taken the social media world by storm. Generation Z, in particular, has shown a keen interest in using TikTok as a source of financial information, tips, and advice. According to the CFA Institute, Gen Zers are more likely to engage with finfluencer content on platforms
Kelly Harry’s experience as an account executive in ad sales highlights a common issue in the workforce – being underpaid and undervalued. Many individuals, like Harry, are unaware of their true worth until a conversation or realization sparks the discovery. It is crucial to understand the market demand for your skills and not solely rely