The SoftBank Corp. logo displayed on a glass door of the company's store in Tokyo, Japan, on Wednesday, May 8, 2024. SoftBank Group Corp. is scheduled to announce its earnings figures on May 13. Photographer: Toru Hanai/Bloomberg via Getty ImagesToru Hanai | Bloomberg | Getty ImagesJapanese giant SoftBank logged...
The majority of the aging population in Japan still prefers using cash for transactions, according to a recent report citing government data. In 2023, cashless transactions in Japan totaled 126.7 trillion yen ($885 billion), accounting for 39.3 percent of all spending in the country, said the Japanese government. The...
Mixetto | E+ | Getty ImagesThe share of Americans with credit-card debt in retirement has jumped considerably — a worrisome financial trend, especially for those with little wiggle room in their budgets, experts said.About 68% of retirees had outstanding credit-card debt in 2024, up "substantially" from 40% in 2022...
Baona | E+ | Getty ImagesMore from FA Playbook:Here's a look at other stories impacting the financial advisor business.Starting in 2025, investors age 60 to 63 can make catch-up contributions of up to $11,250 on top of the $23,500 deferral limit. Combined, these workers can defer a total of...
A version of this article first appeared in CNBC's Money 101 newsletter with Sharon Epperson, an eight-week series to improve your financial wellness with monthly updates. Sign up to receive these editions, straight to your inbox. Stocks soared in the days after President-elect Donald Trump won the 2024 election, and...
Check out the companies making headlines in midday trading. Tesla — The electric vehicle stock popped 7% to build on last week's 29% gain as investors bet that a Trump administration would fare well for the company and CEO Elon Musk. AbbVie — Shares tumbled 12% after the pharmaceutical...
Gregg Greenberg spent 14 years as a journalist at TheStreet.com where he wrote the highly popular column "The 5 Dumbest Things on Wall Street This Week". His work has appeared in magazines ranging from Glamour to ESPN the Magazine, and on humor sites such as Points in Case.
Today's housing market is a toxic mix of high mortgage rates, high prices, tight supply and strangely strong pent-up demand — and it's scaring off buyers and sellers alike.Prices were already high, driven by supercharged demand during the height of the Covid-19 pandemic. Now the popular 30-year fixed mortgage...
Asset managers are tuning out political opposition to ESG when it comes to selecting investments but are being more careful in how they talk about ESG, according to a report from Cerulli Associates. Political pressure related to the use of environmental, social and governance factors in investing has been mounting....
Striking United Auto Workers (UAW) members from the General Motors Lansing Delta Plant picket in Delta Township, Michigan September 29, 2023.Rebecca Cook | ReutersDETROIT – The United Auto Workers union believes there is "more to be won" in ongoing contract negotiations with the Detroit automakers following five weeks of...
Janet Yellen, United States Secretary of Treasury, participates in global infrastructure and investment forum in New York, Thursday, Sept. 21, 2023. Pool | Via ReutersThe federal government wound up its fiscal year in September with a deficit just shy of $1.7 trillion, the Treasury Department announced Friday.Wrapping up a year...
It’s been nearly a decade since BlackRock closed a line of iShares target-date ETFs for which it had high hopes. At the time, the products, like other ETFs, had struggled to win a place in 401(k) plans. They attracted $310 million — an extremely modest figure for the world’s largest...
Kate_sept2004 | E+ | Getty ImagesIf you're itching to save more into your 401(k) for 2023, your plan may have a feature that allows you to bypass the yearly deferral limit.For 2023, you can funnel $22,500 into your 401(k), plus an extra $7,500 if you're 50 or older. But...
