A major change coming in 2027 could boost the retirement savings of millions of lower- and middle-income Americans. The federal government will start matching 50% of retirement account contributions up to $2,000 per year through the new Saver’s Match program. This money injects funds directly into savers’ accounts rather than simply reducing tax bills. For […] The post The Federal Government Will Match Your Retirement Plan Savings By 50%. Here's Who Qualifies. appeared first on SmartReads by Sma
U.S. Steel Corp is locked in a spat with rival steelmaker Cleveland-Cliffs Inc over a confidentiality pact that would allow the latter to participate in a sale process that is underway, people familiar with the matter said on Wednesday.
Here's what United Auto Workers members make, plus CEO compensation of the Detroit 3 execs.
(Bloomberg) -- Canada, home to the world’s third-largest crude deposits, is poised to reshuffle global oil flows next year.Most Read from BloombergIndia Suspends Visas, Canada Pulls Diplomats Amid TensionsEx-Goldman Bankers Make a Fortune With Controversial Bet on Coal‘Dead Space’ Co-Creator Departs Startup After Newest Game FlopsPassalacqua in Italy’s Lake Como Is Named Best Hotel in the WorldThe nearly completed expansion of the Trans Mountain pipeline promises to vault Canada into a new role
Investors are always eager to hear that a stock in their portfolio has announced a dividend increase. For income investors, it means a monthly or quarterly raise. For investors who are also concerned with growth, such dividend hikes can portend an increase in future earnings. A dividend increase often indicates that the company's board of directors has faith that future earnings can cover the dividend hike comfortably. In addition, a dividend increase often makes the stock more attractive to inv
Cisco Systems said it will acquire software company Splunk for $28 billion in cash. Splunk stock jumped on the news.
Medical Properties (MPW) closed at $6.02 in the latest trading session, marking a -1.15% move from the prior day.
Advanced Micro Devices stock has risen on expectations for continued market share gains in processors for PCs and servers. After a pullback in its shares, is AMD stock a buy right now?
Warren Buffett had some advice for American Express CEO Steve Squeri at the start of the pandemic.
A legal team that forced Tesla's directors to agree in July to return more than $700 million in compensation to the automaker for allegedly overpaying themselves are now seeking a huge payday of their own. The lawyers want a judge to approve $229 million in fees, or $10,690 an hour, according to a Sept. 8 filing in Delaware's Court of Chancery. The sum would be distributed among lawyers from four firms that spent several years building a case against the compensation paid to Tesla's directors from 2017 to 2020.
A cell therapy for multiple myeloma promises to be a major blockbuster for J&J and partner Legend, if they can increase manufacturing.
Since coming on the scene, cryptocurrencies have fired the imaginations of online traders, currency speculators, and mathematicians alike. The leading digital currency, bitcoin, is currently priced at approximately $26,550 per coin, representing a ~60% increase year-to-date. And it looks like bitcoin will see a strong upward pressure on that price over the next year. The bitcoin algorithm has a built-in halving mechanism, whereby the reward given to miners for solving a blockchain link is cut in
The Fed kept rates steady on Wednesday but suggested a less friendly outlook for investors betting on the central bank starting to back off its efforts to bring inflation down.
(Bloomberg) -- More colleges and universities in the US are headed for closures or mergers, with enrollment declining across higher-education institutions, according to Fitch Ratings Inc.Most Read from Bloomberg‘Dead Space’ Co-Creator Departs Startup After Newest Game FlopsVegas’ Newest Resort Is a $3.7 Billion Palace, 23 Years in the MakingNearly Half of All Young Adults Live With Mom and Dad — and They Like ItFed Set to Pause Rate Hikes, But Don’t Count Out Another IncreaseStocks Fall as Yield
General Motors and Chrysler-parent Stellantis announced layoffs in Kansas and Ohio due to the ongoing UAW strike.
Shares of companies that treat everything from Type 2 diabetes to sleep apnea have been sinking since new weight-loss medications skyrocketed.
Cisco is buying the cybersecurity firm Splunk in a $28 billion deal as it bolsters its defenses against potential security threats that may be heightened by the widening use of artificial intelligence. The Silicon Valley networking tech giant will pay $157 per Splunk Inc. share. “Our combined capabilities will drive the next generation of AI-enabled security and observability,” Cisco Chair and CEO Chuck Robbins said in a prepared statement.
People familiar with the deal valued it at roughly $1.4 billion, which is about a 40% increase over the deal WWE had with Fox.
The networking equipment company Cisco Systems said it would acquire Splunk for $157 a share in cash in a deal with an enterprise value of about $28 billion. “From threat detection and response to threat prediction and prevention, we will help make organizations of all sizes more secure and resilient.” Cisco (ticker: CSCO) shares were down 3.3% to $53.67 in morning trading, while Splunk (SPLK), a cybersecurity and data analytics software firm, surged 21% to $144.91.
US stocks were poised to continue their retreat on Thursday as investors worried over the Fed's hawkish stance.