Despite the widespread consensus on the need for a robust Social Security program, the current taxation structure disproportionately impacts lower to middle-income workers. As it stands, once high earners like Elon Musk reach the annual wage limit of $176,100 in 2025, their contribution to Social Security comes to a screeching halt. While average workers are
Broadcom has made a significant mark with its recent financial disclosures, revealing a robust first-quarter performance that has sent its shares soaring by approximately 5%. This increase came on the heels of an impressive earnings announcement, showcasing adjusted earnings of $1.60 per share, powered by revenue totals reaching $14.92 billion. These figures not only eclipsed
In the backdrop of a tumultuous political landscape, Federal Reserve Chairman Jerome Powell’s recent remarks underscore a crucial pivot point for monetary policy in the United States. With President Donald Trump initiating notable shifts in policy across various sectors—from trade to immigration—Powell’s assertion that the Fed will await the effects of these changes reflects a
Errol Morris’s latest documentary, “Tune Out The Noise,” is more than just a recount of the financial industry’s transformation; it’s a dive into the intellectual rigging that has reshaped modern investing. While many investors have long clung to the notion of stock picking as the holy grail of wealth accumulation, this film lays bare the
On a tense Thursday night, the skies over Florida became a battleground of sorts as the Federal Aviation Administration (FAA) issued a temporary flight halt to several major airports following a catastrophic failure during a SpaceX Starship test flight. The chaos that ensued affected critical airports such as Miami International, a key hub for American
Broadcom’s most recent quarterly earnings report has not just surpassed analyst predictions; it has ignited a spark in investor confidence, resulting in a remarkable 16% surge in extended trading. This dramatic rise is indicative of a broader trend where market participants are increasingly wary yet fascinated by revenue streams that can offer resilience amidst economic
Marvell Technology’s recent announcement sent shockwaves through the market, resulting in a staggering 17% decline in its stock price. The semiconductor company had previously experienced a remarkable surge, with its shares soaring 83% since the start of 2024. However, the optimism was swiftly extinguished when Marvell’s guidance for the upcoming fiscal quarter fell significantly short
At a time when an unprecedented number of Americans are grappling with the burden of federal student loans, recent developments indicate a troubling trajectory within the Department of Education. President Donald Trump’s administration has initiated significant cuts to staff dedicated to assisting borrowers, resulting in a stark depletion of resources at a moment when aid
Macy’s—a name that once stood as a symbol of shopping luxury—finds itself navigating turbulent waters yet again. After posting a disappointing quarter, the company showcases the challenges faced not just by it, but by legacy retailers across America. As investors speculate about the prowess of CEO Tony Spring in orchestrating much-needed changes, economic realities dictate
Recent data reveals a staggering ascent of multimillionaires in the United States. According to Knight Frank’s annual Wealth Report, the nation has emerged as a titan in this regard, claiming nearly 40% of the world’s high-net-worth individuals—those with assets surpassing $10 million. With a notable 5.2% increase in North American millionaires, it’s evident that the