The current outlook for U.S. auto sales in the first half of the year indicates a 2.9% increase compared to the previous year. However, there are growing concerns that this momentum may not be sustained throughout the year. Factors such as growing vehicle inventory levels, increasing incentives, and uncertainty surrounding the economy, interest rates, and
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A looming retirement savings crisis is becoming increasingly evident for individuals with 401(k) plans and other retirement balances that fall short of what is necessary for a comfortable retirement. However, there is a glimmer of hope for some workers known as “super savers” who are successfully growing their retirement nest eggs. These super savers dedicate
The trend of smaller new homes is on the rise, with newly built single-family homes coming in at a median of 2,140 square feet in the first quarter of 2024. This is a decrease from the previous year’s median of 2,256 square feet, marking the smallest new homes since the second half of 2009. The
As retirement approaches, individuals with substantial pre-tax retirement savings such as a 401(k) or an IRA must be mindful of the potential tax implications that could arise in the future. Required minimum distributions (RMDs) are mandatory withdrawals from pre-tax retirement accounts that trigger regular income taxes. With the recent changes brought about by Secure 2.0
The real estate market in April saw yet another record-breaking surge in home prices, with a 6.3% increase compared to the previous year. This growth occurred despite a sharp rise in the average rate on the 30-year fixed mortgage, jumping from 6.9% to 7.5% in April. Despite conventional wisdom suggesting that rising mortgage rates would
As Chinese electric car companies continue to expand overseas, Cisco’s Greater China head expresses optimism about the growing business opportunities in the Electric Vehicle (EV) segment. Cisco, known for providing networking equipment and software for businesses, has identified the EV segment as its second-largest revenue source in the Greater China region. Ming Wong, vice president
The ongoing problems with the new Free Application for Federal Student Aid have resulted in significant delays in the distribution of financial aid award letters. As of June 14, only 45% of high school graduates have successfully completed the FAFSA, indicating a troubling decline from the previous year’s completion rate of 52%. This decline has
The recent surge in inflation has led to significant changes in retirement plans for many Americans, especially those nearing retirement age. According to a new study conducted by Prudential Financial, 43% of 65-year-olds have postponed their retirement due to inflation, while one third of 55-year-olds are considering delaying their retirement dates. This shift in retirement
Ferrari, known for its roaring combustion engines, is making a bold move towards electric vehicles with the launch of an all-electric model scheduled for the fourth quarter of 2025. CEO Benedetto Vigna emphasizes that the emotional experience of driving a Ferrari is paramount, even in the electric version. While traditional Ferrari engines are prized for
Financial stress can put a strain on any relationship, leading to disagreements and tension between partners. It is crucial for couples to address these issues openly and honestly in order to find solutions and move forward together. However, new research from Cornell University suggests that many couples avoid talking about their financial problems out of