finance
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How Musk’s Tirade Against X Advertisers Affects Disney, Meta and Other Companies
Key Takeaways Elon Musk’s recent attack on corporations who boycotted advertising on his X platform threatens its existence. Some advertisers who have pulled from the social media site are seeing some backlash from the boycotting. Other social media sites and advertising tech companies stand to benefit from X losing advertisers. Elon Musk’s recent outburst against advertisers may hurt X (formerly…
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Ex-Wells Fargo CEO sues bank for $34 million in withheld pay, stock
By Daniel Wiessner (Reuters) – Former Wells Fargo & Co CEO Tim Sloan filed a lawsuit on Friday accusing the bank of failing to pay him more than $34 million after he resigned in 2019 amid a wide-ranging sales practices scandal. Sloan in the lawsuit filed in California state court says Wells Fargo canceled stock awards and withheld a bonus…
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Too Many Americans Are Making This Retirement Mistake
SmartAsset: Alarming number of working Americans cash out retirement accounts when changing jobs The very essence of a retirement nest egg lies in the concept of patient growth and compounding of investments over time. Its purpose is to offer a bountiful reserve of funds when one bids farewell to the workforce, ensuring a comfortable retirement. However, a disconcerting trend has…
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What’s the Average Return on an All-Bond Portfolio Right Now?
Like all markets, bonds fluctuate. Your returns will be based on what you hold, when you buy it, tax treatment and other factors. While many choose to diversify their portfolios across stocks, bonds and other assets, an all-bond portfolio may allow for more predictability and income generation. You can also diversify an all-bond portfolio with different products. Despite the various ways…
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Broadcom CEO tells VMWare workers to ‘get butt back to office’ after completing a $69 billion merger of the two companies
Chip manufacturer Broadcom wrote the latest chapter in the long story of return-to-office tensions between bosses and employees. After completing its $69 billion acquisition of cloud computing company VMWare, Broadcom CEO Hock Tan issued a direct order to his new employees about where they must work. “If you live within 50 miles of an office, you get your butt in…
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Avoid the Social Security Tax Trap
Taxable Social Security Income Filing Status Income Percentage of Social Security That Is Taxable Single, Head of Household, Qualifying Widower, and Married Filing Separately (where the spouses lived apart the entire year) Below $25,000 All Social Security income is tax free. Same $25,000 to $34, 000 Up to 50% of Social Security income may be taxable. Same More than $34,000…
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Condos hit with 563% rate increase
Marbella Condominiums Association board members (from left) Tom Baker, Jim Smith and Rob Lasch stand outside their beachside home, where property insurance has increased more than 500% since two hurricanes caused damage to the structure’s back patio and pool in 2022. DAYTONA BEACH SHORES, Florida – Tom Baker lives in a retirement dream building: A spacious three-bedroom beachside condo with…
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One Day, Your Roth IRA Gains Will Equal the Annual Contribution
The investments held in a Roth individual retirement account (Roth IRA) determine the return, not the interest rate. One day, those returns will exceed the annual contributions, thanks to the power of compounding. When you save for retirement in your Roth account, it’s important that you work toward a specific investment goal rather than just maximizing your yearly contributions to…
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Where Wall Street sees the S&P going in 2024
This is The Takeaway from today’s Morning Brief, which you can sign up to receive in your inbox every morning along with: It’s December, which means that Wall Street strategy teams are giving their educated guesses about where the S&P 500 will end up at the end of 2024. Our Chart of the Week rounds many of them up. And…
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The stock market’s ‘buy’ signal is dead as the monster rally surges closer to overbought levels, Bank of America warns
Timothy A. Clary/Getty Images The “buy” signal flashing in stocks is dead, according to Bank of America. The bank pointed to its Bull & Bear contrarian indicator, which is in neutral territory. That’s because stocks are nearing overbought levels, with 62% of global indexes passing key thresholds. The “buy” signal flashing in the stock market is now dead, as investors…
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