21 days ago
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A 65-year-old retiree has $1.2 million saved and plans to start withdrawals next year. His 27-year-old son has been following a group of social media accounts touting AI stocks, and he's urging his dad to move $300,000, a quarter of his savings, into a handful of them.
When the father hesitated, his son said he was scared of making money. The father isn't necessarily scared; he's cautious, and at his stage of life, that's a reasonable instinct. But he also doesn't want to dismiss his son or miss out on growth entirely.
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40% Of Americans Aren't Invested In The Stock Market. And Money Isn't The Only Reason.
#isn 't #father #finance #don 't
A 65-year-old retiree has $1.2 million saved and plans to start withdrawals next year. His 27-year-old son has been following a group of social media accounts touting AI stocks, and he's urging his dad to move $300,000, a quarter of his savings, into a handful of them.
When the father hesitated, his son said he was scared of making money. The father isn't necessarily scared; he's cautious, and at his stage of life, that's a reasonable instinct. But he also doesn't want to dismiss his son or miss out on growth entirely.
Don't Miss:
40% Of Americans Aren't Invested In The Stock Market. And Money Isn't The Only Reason.
#isn 't #father #finance #don 't
21 days ago
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For workers wondering how far artificial intelligence could go, JPMorgan Chase CEO Jamie Dimon has a straightforward answer — AI is going to change the job market, whether people are ready for it or not. Some jobs will disappear, others will change and new ones will likely emerge. But Dimon warned that the speed of that transition could matter just as much as the technology itself.
"As a business person, my view is don't put your head in the sand," Dimon said at the World Economic Forum's annual meeting in Davos, Switzerland, in January. "It is what it is. We're going to deploy it. Will it eliminate jobs? Yes. Will it change jobs? Yes. Will it add some jobs? Probably."
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Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die." Here's how you can earn passive income with just $100.
#earn #benzinga #chase
For workers wondering how far artificial intelligence could go, JPMorgan Chase CEO Jamie Dimon has a straightforward answer — AI is going to change the job market, whether people are ready for it or not. Some jobs will disappear, others will change and new ones will likely emerge. But Dimon warned that the speed of that transition could matter just as much as the technology itself.
"As a business person, my view is don't put your head in the sand," Dimon said at the World Economic Forum's annual meeting in Davos, Switzerland, in January. "It is what it is. We're going to deploy it. Will it eliminate jobs? Yes. Will it change jobs? Yes. Will it add some jobs? Probably."
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Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die." Here's how you can earn passive income with just $100.
#earn #benzinga #chase
22 days ago
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A married couple, ages 45 and 43, got spooked during a steep market selloff and sold their entire $600,000 brokerage portfolio. Eight months later, stocks have climbed back, their money is still sitting in a savings account, and each spouse blames the other for pushing the sale.
The argument misses the real problem. They're not stuck because of one bad decision; they're stuck because they never had a plan for what to do when markets fell. Getting back in the right way matters more than figuring out who panicked first.
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Think Your IRA Can Only Hold Stocks And Funds? Think Again. Here's What A Self-Directed IRA Can Actually Invest In.
#benzinga
A married couple, ages 45 and 43, got spooked during a steep market selloff and sold their entire $600,000 brokerage portfolio. Eight months later, stocks have climbed back, their money is still sitting in a savings account, and each spouse blames the other for pushing the sale.
The argument misses the real problem. They're not stuck because of one bad decision; they're stuck because they never had a plan for what to do when markets fell. Getting back in the right way matters more than figuring out who panicked first.
Don't Miss:
Think Your IRA Can Only Hold Stocks And Funds? Think Again. Here's What A Self-Directed IRA Can Actually Invest In.
#benzinga
22 days ago
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An inheritance can make two people equally wealthy on paper and still leave them with very different ideas about what to do next.
Two brothers each received $400,000 and took their money in opposite directions — one toward rental properties, the other toward getting out of debt. Before long, one brother was already predicting which of them would have the richer retirement.
"That's why I'll retire rich and you won't," he told his brother.
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#brother #i 'll #commission
An inheritance can make two people equally wealthy on paper and still leave them with very different ideas about what to do next.
Two brothers each received $400,000 and took their money in opposite directions — one toward rental properties, the other toward getting out of debt. Before long, one brother was already predicting which of them would have the richer retirement.
"That's why I'll retire rich and you won't," he told his brother.
Don't Miss:
#brother #i 'll #commission
22 days ago
Space Exploration Technologies Corp. (NASDAQ:SPCX) is reportedly planning to raise $40 billion in bank loans and investment-grade debt, led by Apollo Global Management (NYSE:APO) , to buy Nvidia Corp. (NASDAQ:NVDA) chips.
The Elon Musk-led company is looking to raise about $10 billion in bank loans and $30 billion in investment-grade debt for the chip order, Reuters News reported, citing the Financial Times.
Apollo is expected to lead the deal and help place the debt with a broad range of investors, with Pimco among a small group of lenders in talks to provide financing, the newspaper reported citing people familiar with the matter.
The transaction is expected to close in 2027.
SpaceX, Apollo, and Nvidia did not immediately respond to Benzinga's request for comment, while Pimco declined to comment.
#NASDAQ #NVIDIA
The Elon Musk-led company is looking to raise about $10 billion in bank loans and $30 billion in investment-grade debt for the chip order, Reuters News reported, citing the Financial Times.
Apollo is expected to lead the deal and help place the debt with a broad range of investors, with Pimco among a small group of lenders in talks to provide financing, the newspaper reported citing people familiar with the matter.
The transaction is expected to close in 2027.
SpaceX, Apollo, and Nvidia did not immediately respond to Benzinga's request for comment, while Pimco declined to comment.
#NASDAQ #NVIDIA
22 days ago
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A 66-year-old recently retired engineer wants to give each of his three adult children $19,000 a year from the couple's $1.5 million portfolio. He wants to see them enjoy the money now rather than wait for an inheritance.
His wife, 64, disagrees. She thinks the kids should earn it like they did and worries that $57,000 a year in gifts could put their own retirement at risk.
The tax rules make those gifts relatively straightforward. The harder question is whether the couple can afford them.
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#benzinga
A 66-year-old recently retired engineer wants to give each of his three adult children $19,000 a year from the couple's $1.5 million portfolio. He wants to see them enjoy the money now rather than wait for an inheritance.
His wife, 64, disagrees. She thinks the kids should earn it like they did and worries that $57,000 a year in gifts could put their own retirement at risk.
The tax rules make those gifts relatively straightforward. The harder question is whether the couple can afford them.
Don't Miss:
#benzinga
23 days ago
Dividend-paying stocks are taking a beating as surging Treasury yields make bonds a more competitive income source, creating a difficult environment for baby boomers who lean on dividend funds and individual stocks to cover living expenses in retirement.
Utilities, real estate, and materials have all experienced share-price declines as climbing bond yields have drawn income-seeking investors away from dividend stocks. The 10-year Treasury yield has remained north of 5%, recently hovering between 5.2% and 5.3%, while the 20-year has hit 5.68% and the 30-year has reached 5.62% — marks last seen more than two decades ago, according to Benzinga.
The pain shows up clearly in fund performance. The Invesco S&P 500 High Dividend Low Volatility ETF (SPHD) lost 7.59% over the trailing month, and the iShares Select Dividend ETF (DVY) shed 6.02% in the same window, according to CNBC. The Vanguard High Dividend Yield Index ETF (VYM) gave back 3.85% over the past month. The WisdomTree U.S. Quality Dividend Growth Fund (DGRW) stands apart, with its heavy tilt toward technology helping limit its one-month loss to just 0.81%.
The Federal Reserve raised its overnight rate by a quarter percentage point on Sept. 16, and markets are pricing in additional increases, keeping pressure on rate-sensitive dividend sectors. The 10-year yield touched 5.342% and the 30-year reached 5.683%, their highest marks in 24 years, driven in part by rising public debt, geopolitical tensions, and the prospect of a prolonged high-rate environment.
Despite the pressure, financial advisors caution retirees against making reactive moves. "The worst thing that a retiree could do is sell a high-quality dividend payer at depressed prices to chase income somewhere else in the stock market just to get higher yield," Timothy Chubb, chief investment officer at Girard, a Univest Wealth Division, told CNBC. Chubb said he would rather own a company growing 4% to 5% annually with a 3% dividend yield than pursue an 8% yield from a deteriorating business.
#Dividend #yield #month #treasury
Utilities, real estate, and materials have all experienced share-price declines as climbing bond yields have drawn income-seeking investors away from dividend stocks. The 10-year Treasury yield has remained north of 5%, recently hovering between 5.2% and 5.3%, while the 20-year has hit 5.68% and the 30-year has reached 5.62% — marks last seen more than two decades ago, according to Benzinga.
The pain shows up clearly in fund performance. The Invesco S&P 500 High Dividend Low Volatility ETF (SPHD) lost 7.59% over the trailing month, and the iShares Select Dividend ETF (DVY) shed 6.02% in the same window, according to CNBC. The Vanguard High Dividend Yield Index ETF (VYM) gave back 3.85% over the past month. The WisdomTree U.S. Quality Dividend Growth Fund (DGRW) stands apart, with its heavy tilt toward technology helping limit its one-month loss to just 0.81%.
The Federal Reserve raised its overnight rate by a quarter percentage point on Sept. 16, and markets are pricing in additional increases, keeping pressure on rate-sensitive dividend sectors. The 10-year yield touched 5.342% and the 30-year reached 5.683%, their highest marks in 24 years, driven in part by rising public debt, geopolitical tensions, and the prospect of a prolonged high-rate environment.
Despite the pressure, financial advisors caution retirees against making reactive moves. "The worst thing that a retiree could do is sell a high-quality dividend payer at depressed prices to chase income somewhere else in the stock market just to get higher yield," Timothy Chubb, chief investment officer at Girard, a Univest Wealth Division, told CNBC. Chubb said he would rather own a company growing 4% to 5% annually with a 3% dividend yield than pursue an 8% yield from a deteriorating business.
#Dividend #yield #month #treasury
23 days ago
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Amazon founder Jeff Bezos once challenged Rep. Alexandria Ocasio-Cortez's (D-N.Y.) argument that billionaires cannot legitimately earn their fortunes.
During a May 2026 interview with CNBC's Andrew Ross Sorkin at Blue Origin's rocket factory in Florida, Bezos responded to Ocasio-Cortez's statement that no one can earn $1 billion without exploiting workers, abusing market power or breaking rules.
The Amazon executive chairman rejected the premise, illustrating his argument with a hypothetical burger restaurant that starts with 10 employees and gradually expands to 1,000 locations as customers embrace its products.
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#alexandria
Amazon founder Jeff Bezos once challenged Rep. Alexandria Ocasio-Cortez's (D-N.Y.) argument that billionaires cannot legitimately earn their fortunes.
During a May 2026 interview with CNBC's Andrew Ross Sorkin at Blue Origin's rocket factory in Florida, Bezos responded to Ocasio-Cortez's statement that no one can earn $1 billion without exploiting workers, abusing market power or breaking rules.
The Amazon executive chairman rejected the premise, illustrating his argument with a hypothetical burger restaurant that starts with 10 employees and gradually expands to 1,000 locations as customers embrace its products.
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#alexandria
23 days ago
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Your adult child has a business idea and wants your help getting it off the ground. You'd love to support them, but what happens if the business fails and you never see that money again?
Personal finance expert Suze Orman says parents and grandparents should think carefully before opening their wallets. In a recent blog post, she warned that helping adult children pursue their entrepreneurial dreams shouldn't come at the expense of your own financial security.
Orman's main rule is not to offer financial ***** istance unless you're "100% sure you can afford to give that money."
Don't Miss:
#benzinga #personal #suze
Your adult child has a business idea and wants your help getting it off the ground. You'd love to support them, but what happens if the business fails and you never see that money again?
Personal finance expert Suze Orman says parents and grandparents should think carefully before opening their wallets. In a recent blog post, she warned that helping adult children pursue their entrepreneurial dreams shouldn't come at the expense of your own financial security.
Orman's main rule is not to offer financial ***** istance unless you're "100% sure you can afford to give that money."
Don't Miss:
#benzinga #personal #suze
23 days ago
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The top 1% of Americans now control one-third of all U.S. net worth as inflation erodes purchasing power and the Federal Reserve's first rate hike since 2023 pushes borrowing costs higher.
The top 1% of U.S. households hold $60.3 trillion, a record 32.5% share of net worth, according to The Kobeissi Letter, citing Federal Reserve data.
Meanwhile, the bottom 50% hold $4.3 trillion, with the richest holding 14 times as much.
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#federal #americans #reserve
The top 1% of Americans now control one-third of all U.S. net worth as inflation erodes purchasing power and the Federal Reserve's first rate hike since 2023 pushes borrowing costs higher.
The top 1% of U.S. households hold $60.3 trillion, a record 32.5% share of net worth, according to The Kobeissi Letter, citing Federal Reserve data.
Meanwhile, the bottom 50% hold $4.3 trillion, with the richest holding 14 times as much.
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#federal #americans #reserve
23 days ago
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Gen X has spent decades getting squeezed between bigger generations. Now, one 38-year-old says the group may have one final trick up its sleeve — disappearing.
Realtor Freddie Smith, 38, laid out his prediction in a TikTok about why he rarely talks about Gen X. His argument is pretty simple. Gen X is independent, uninterested in the culture-war noise and focused on one thing — making it to retirement.
"They are the most independent group of people that we will ever meet," Smith said in the TikTok. "They raise themselves. They've been independent their whole life."
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#independent
Gen X has spent decades getting squeezed between bigger generations. Now, one 38-year-old says the group may have one final trick up its sleeve — disappearing.
Realtor Freddie Smith, 38, laid out his prediction in a TikTok about why he rarely talks about Gen X. His argument is pretty simple. Gen X is independent, uninterested in the culture-war noise and focused on one thing — making it to retirement.
"They are the most independent group of people that we will ever meet," Smith said in the TikTok. "They raise themselves. They've been independent their whole life."
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#independent
1 month ago
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It's been a bloodbath for Hunter Biden's Laptop (LAPTOP) memecoin since its launch a week ago, far worse than that of President Donald Trump's memecoin in its debut week.
LAPTOP launched on Base, a Layer 2 blockchain developed by Coinbase Global Inc., at roughly $37, according to CoinMarketCap. Within minutes, it surged to a record high of $401.12, pushing its market cap to $50 billion.
However, the frenzy was short-lived.
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#laptop #week #finance #president
It's been a bloodbath for Hunter Biden's Laptop (LAPTOP) memecoin since its launch a week ago, far worse than that of President Donald Trump's memecoin in its debut week.
LAPTOP launched on Base, a Layer 2 blockchain developed by Coinbase Global Inc., at roughly $37, according to CoinMarketCap. Within minutes, it surged to a record high of $401.12, pushing its market cap to $50 billion.
However, the frenzy was short-lived.
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#laptop #week #finance #president
1 month ago
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Humanoid robots are showing meaningful progress beyond controlled demonstrations, with advances in autonomy, dexterity, and the ability to perform repetitive real-world tasks. But widespread commercial deployment still remains a work in progress.
After spending a week meeting with leading robotics labs, engineers and investors across the San Francisco Bay Area, researchers found that most humanoid robots remain in development, training, and tele-operated demonstrations. Where real-world deployments exist, they are generally closer to pilots than clear return-on-investment opportunities, according to a report published Wednesday by Citrini Research.
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A single bad hire can set a startup back years. Here are the 5 hires founders most often misjudge — and why
#robots
Humanoid robots are showing meaningful progress beyond controlled demonstrations, with advances in autonomy, dexterity, and the ability to perform repetitive real-world tasks. But widespread commercial deployment still remains a work in progress.
After spending a week meeting with leading robotics labs, engineers and investors across the San Francisco Bay Area, researchers found that most humanoid robots remain in development, training, and tele-operated demonstrations. Where real-world deployments exist, they are generally closer to pilots than clear return-on-investment opportunities, according to a report published Wednesday by Citrini Research.
Don't Miss:
A single bad hire can set a startup back years. Here are the 5 hires founders most often misjudge — and why
#robots
1 month ago
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The Securities and Exchange Commission (SEC) is seeking interviews with current and former Guggenheim Investments employees as regulators deepen inquiries into CEO Mark Walter's business.
The SEC is specifically looking at people who have managed insurance-company ******* et portfolios, sources familiar with the matter told Bloomberg. Some individuals contacted by the agency are hiring lawyers to help them respond to confidential inquiries.
The request for interviews suggests that regulators are continuing to scrutinize the billionaire's business empire despite public ******* urances from Guggenheim officials and TWG Holdings, Walter's holding company, that they are cooperating and working with the government on its inquiries.
Read Also:Deal Dispatch: Egg Maker Vital Farms Considers Sale, Blackstone Buys Flow Control, Kennedy Center Troubles
#regulators #securities
The Securities and Exchange Commission (SEC) is seeking interviews with current and former Guggenheim Investments employees as regulators deepen inquiries into CEO Mark Walter's business.
The SEC is specifically looking at people who have managed insurance-company ******* et portfolios, sources familiar with the matter told Bloomberg. Some individuals contacted by the agency are hiring lawyers to help them respond to confidential inquiries.
The request for interviews suggests that regulators are continuing to scrutinize the billionaire's business empire despite public ******* urances from Guggenheim officials and TWG Holdings, Walter's holding company, that they are cooperating and working with the government on its inquiries.
Read Also:Deal Dispatch: Egg Maker Vital Farms Considers Sale, Blackstone Buys Flow Control, Kennedy Center Troubles
#regulators #securities
1 month ago
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Ripple-backed XRP treasury company Evernorth Holdings has lined up $30 million in new financing as it prepares to go public through a merger with Armada Acquisition Corp. II (NASDAQ:XRPN).
The deal would bring Evernorth onto Nasdaq under the XRPN ticker, giving public-market investors exposure to a company built around accumulating XRP (CRYPTO: XRP) and deploying it across the XRP ecosystem.
Evernorth said the new financing may be used to buy more XRP and fund other ecosystem investments. The $30 million arrives when the merger closes, which the company expects in the fourth quarter.
Evernorth and an affiliate held 473.1 million XRP at the end of 2025. At around $1.38 per token, $30 million would buy roughly another 21.7 million XRP, or less than 5% of that existing position.
#financing #merger
Ripple-backed XRP treasury company Evernorth Holdings has lined up $30 million in new financing as it prepares to go public through a merger with Armada Acquisition Corp. II (NASDAQ:XRPN).
The deal would bring Evernorth onto Nasdaq under the XRPN ticker, giving public-market investors exposure to a company built around accumulating XRP (CRYPTO: XRP) and deploying it across the XRP ecosystem.
Evernorth said the new financing may be used to buy more XRP and fund other ecosystem investments. The $30 million arrives when the merger closes, which the company expects in the fourth quarter.
Evernorth and an affiliate held 473.1 million XRP at the end of 2025. At around $1.38 per token, $30 million would buy roughly another 21.7 million XRP, or less than 5% of that existing position.
#financing #merger
1 month ago
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Brad Gerstner says leading AI labs need to lift their combined annualized revenue from roughly $100 billion to at least $180 billion by year-end to keep the AI trade intact.
The Altimeter Capital founder, whose firm held nearly $1.9 billion of Nvidia Corp. (NASDAQ:NVDA) shares at the end of June, called AI lab revenue "the single most important data point in the market today" at the All-In Summit.
Gerstner estimated that Anthropic, OpenAI and **** eX (NASDAQ:SPCX), which owns xAI, had a combined run rate of roughly $100 billion based on figures circulating in July.
Gerstner said the companies need to reach at least $180 billion by year-end, up about 80% from his July estimate, "just to keep the AI trade intact."
#NASDAQ #combined #least #year
Brad Gerstner says leading AI labs need to lift their combined annualized revenue from roughly $100 billion to at least $180 billion by year-end to keep the AI trade intact.
The Altimeter Capital founder, whose firm held nearly $1.9 billion of Nvidia Corp. (NASDAQ:NVDA) shares at the end of June, called AI lab revenue "the single most important data point in the market today" at the All-In Summit.
Gerstner estimated that Anthropic, OpenAI and **** eX (NASDAQ:SPCX), which owns xAI, had a combined run rate of roughly $100 billion based on figures circulating in July.
Gerstner said the companies need to reach at least $180 billion by year-end, up about 80% from his July estimate, "just to keep the AI trade intact."
#NASDAQ #combined #least #year
1 month ago
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U.S. household income rose to a record high in 2025, but gains remained uneven across the income distribution, with higher-income households seeing an increase while the lowest-income group showed no statistically significant change.
The U.S. Census Bureau released its 2025 income, poverty and health insurance findings on Tuesday, showing real median household income increased 2.6% to $87,460, from the 2024 estimate of $85,210. It was the highest level since records began in 1967.
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Think Your 'Safe' Stocks Protect You? You're Ignoring the Real Growth Triggers — Here's What to Add Now
#real #finance #bureau #don 't
U.S. household income rose to a record high in 2025, but gains remained uneven across the income distribution, with higher-income households seeing an increase while the lowest-income group showed no statistically significant change.
The U.S. Census Bureau released its 2025 income, poverty and health insurance findings on Tuesday, showing real median household income increased 2.6% to $87,460, from the 2024 estimate of $85,210. It was the highest level since records began in 1967.
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Think Your 'Safe' Stocks Protect You? You're Ignoring the Real Growth Triggers — Here's What to Add Now
#real #finance #bureau #don 't
1 month ago
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Elon Musk doubled down on his solar thesis on Tuesday, predicting the technology will eventually dominate energy production, with Texas offering a real-world example of rapid adoption.
"The solar power exponential will continue until all other energy sources are
Elon Musk doubled down on his solar thesis on Tuesday, predicting the technology will eventually dominate energy production, with Texas offering a real-world example of rapid adoption.
"The solar power exponential will continue until all other energy sources are
1 month ago
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Anthony Pompliano, CEO of ProCap Financial Inc., said on Tuesday that "AI doomers" are using the same fear-based playbook as past cryptocurrency skeptics.
In an X post, Pompliano dismissed concerns about AI risks as "nonsense," urging people not to pay attention to them.
"They just want to scare the public, so they can increase their control," the Bitcoin bull said.
Don't Miss:
#finance #anthony #procap #miss
Anthony Pompliano, CEO of ProCap Financial Inc., said on Tuesday that "AI doomers" are using the same fear-based playbook as past cryptocurrency skeptics.
In an X post, Pompliano dismissed concerns about AI risks as "nonsense," urging people not to pay attention to them.
"They just want to scare the public, so they can increase their control," the Bitcoin bull said.
Don't Miss:
#finance #anthony #procap #miss
1 month ago
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Apollo Global Management (NYSE:APO) is in talks to increase its loan to SoftBank's Vision Fund II from $5.4 billion to as much as $9 billion, potentially giving the ******* anese conglomerate additional financing capacity for its massive investment in OpenAI.
The deal size has not yet been determined, according to Bloomberg.
Apollo has previously extended financing to SoftBank's venture capital arm in 2021. The lender increased the facility by another $900 million last year, bringing its total size to $5.4 billion. NAV financing allows private capital managers to raise liquidity by using investments held with their funds as collateral.
Read Also:KKR Doubles Private Debt Deals to $80 Billion as AI Spending Explodes
#capital #finance #management
Apollo Global Management (NYSE:APO) is in talks to increase its loan to SoftBank's Vision Fund II from $5.4 billion to as much as $9 billion, potentially giving the ******* anese conglomerate additional financing capacity for its massive investment in OpenAI.
The deal size has not yet been determined, according to Bloomberg.
Apollo has previously extended financing to SoftBank's venture capital arm in 2021. The lender increased the facility by another $900 million last year, bringing its total size to $5.4 billion. NAV financing allows private capital managers to raise liquidity by using investments held with their funds as collateral.
Read Also:KKR Doubles Private Debt Deals to $80 Billion as AI Spending Explodes
#capital #finance #management
1 month ago
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America's retirement bill is getting harder to ignore. Social Security is already the largest expenditure in the federal budget, and as more Americans reach retirement age, an increasingly large share of government spending is going toward older Americans. Podcast host and NYU Stern professor Scott Galloway thinks the imbalance is becoming a problem for everyone else.
"We now spend $5 on seniors for every $1 on children. Enough already," Galloway wrote in his "The Grown-Up Tax Bill" column in 2025. He argued that Social Security is part of a much larger transfer of wealth from younger and poorer Americans to an older, wealthier generation.
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This Jeff Bezos-backed platform lets eligible investors buy fractional shares of rental properties for as little as $100.
#older
America's retirement bill is getting harder to ignore. Social Security is already the largest expenditure in the federal budget, and as more Americans reach retirement age, an increasingly large share of government spending is going toward older Americans. Podcast host and NYU Stern professor Scott Galloway thinks the imbalance is becoming a problem for everyone else.
"We now spend $5 on seniors for every $1 on children. Enough already," Galloway wrote in his "The Grown-Up Tax Bill" column in 2025. He argued that Social Security is part of a much larger transfer of wealth from younger and poorer Americans to an older, wealthier generation.
Don't Miss:
This Jeff Bezos-backed platform lets eligible investors buy fractional shares of rental properties for as little as $100.
#older
1 month ago
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Moody's Economist Mark Zandi on Monday voiced concern over the rising possibility of a significant Federal Reserve policy error, as markets anticipate a rate hike on Wednesday.
Zandi took to X to express his apprehension about the Federal Reserve's potential policy misstep. He stated, "The odds of a serious Fed policy mistake are uncomfortably high and rising."
He further added, "But the economy is already growing near potential (2% real GDP growth) and operating at full employment (unemployment a bit above 4%)."
Don't Miss:
#policy
Moody's Economist Mark Zandi on Monday voiced concern over the rising possibility of a significant Federal Reserve policy error, as markets anticipate a rate hike on Wednesday.
Zandi took to X to express his apprehension about the Federal Reserve's potential policy misstep. He stated, "The odds of a serious Fed policy mistake are uncomfortably high and rising."
He further added, "But the economy is already growing near potential (2% real GDP growth) and operating at full employment (unemployment a bit above 4%)."
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#policy
1 month ago
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A Federal Reserve rate hike is largely priced in for Wednesday, but JPMorgan says the S&P 500 could still swing anywhere from 1% higher to 2% lower depending on how Chair Kevin Warsh frames the move.
A surprise decision to hold rates steady could prove painful. JPMorgan Chase & Co. (NYSE:JPM) estimates the index could fall 1.25% to 1.75% if the Fed leaves rates unchanged.
Polymarket traders put the chance of a 25-basis-point hike at 89% Wednesday morning, compared with 11% for no change, with roughly $193 million traded on the decision.
JPMorgan argues that an unexpected hold could raise doubts about the Fed's willingness to contain inflation, potentially pushing longer-term Treasury yields higher as investors demand more compensation for inflation risk.
#wednesday #hike #higher #finance
A Federal Reserve rate hike is largely priced in for Wednesday, but JPMorgan says the S&P 500 could still swing anywhere from 1% higher to 2% lower depending on how Chair Kevin Warsh frames the move.
A surprise decision to hold rates steady could prove painful. JPMorgan Chase & Co. (NYSE:JPM) estimates the index could fall 1.25% to 1.75% if the Fed leaves rates unchanged.
Polymarket traders put the chance of a 25-basis-point hike at 89% Wednesday morning, compared with 11% for no change, with roughly $193 million traded on the decision.
JPMorgan argues that an unexpected hold could raise doubts about the Fed's willingness to contain inflation, potentially pushing longer-term Treasury yields higher as investors demand more compensation for inflation risk.
#wednesday #hike #higher #finance
1 month ago
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OpenAI ruled out an initial public offering for 2026 on Saturday, pointing to unresolved safety concerns around rapidly advancing artificial intelligence and the need to address alignment challenges facing the industry.
"Right now would be an ill-advised moment to go public, and we don't feel pressure on that," CEO Sam Altman told Fortune.
When Fortune asked whether 2027 was more realistic than 2026, he said, "I would say not 2026. We have a lot of work to do, including meeting the safety and alignment requirements of this moment and figuring out how the industry and governments can work together."
Don't Miss:
#fortune #public #work
OpenAI ruled out an initial public offering for 2026 on Saturday, pointing to unresolved safety concerns around rapidly advancing artificial intelligence and the need to address alignment challenges facing the industry.
"Right now would be an ill-advised moment to go public, and we don't feel pressure on that," CEO Sam Altman told Fortune.
When Fortune asked whether 2027 was more realistic than 2026, he said, "I would say not 2026. We have a lot of work to do, including meeting the safety and alignment requirements of this moment and figuring out how the industry and governments can work together."
Don't Miss:
#fortune #public #work
1 month ago
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.
Space Exploration Technologies Corp. CEO Elon Musk has reaffirmed that the commercial ***** eflight company will put NVIDIA Corp's orbital AI computing system in ***** e by next year.
On Sunday, user RyanFox.eth took to the social media platform X, referencing an unnamed YouTuber saying that data centers in ***** e could become a reality by 2035 if the cooling aspect were solved. "People really don't get it," the user said.
Don't Miss:
A single bad hire can set a startup back years. Here are the 5 hires founders most often misjudge — and why
#space #exploration
Space Exploration Technologies Corp. CEO Elon Musk has reaffirmed that the commercial ***** eflight company will put NVIDIA Corp's orbital AI computing system in ***** e by next year.
On Sunday, user RyanFox.eth took to the social media platform X, referencing an unnamed YouTuber saying that data centers in ***** e could become a reality by 2035 if the cooling aspect were solved. "People really don't get it," the user said.
Don't Miss:
A single bad hire can set a startup back years. Here are the 5 hires founders most often misjudge — and why
#space #exploration
1 month ago
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ARK Invest founder Cathie Wood called warnings that artificial intelligence could wipe out humanity "ridiculous," while welcoming the industry's push to slow advances at the AI frontier so safety measures can catch up.
Wood also expects President Donald Trump to block new federal rules. Polymarket traders currently give a qualifying U.S. AI safety law just a 19% chance of being enacted before 2027, on about $114,000 in trading.
Wood called the industry's slowdown pledge a "positive step." Drawing on her experience investing through the tech and telecom bubble, she said she welcomed industry leaders publicly confronting AI's risks.
"Half of the solution is understanding the problem," Wood told Reuters.
#called #safety #donald
ARK Invest founder Cathie Wood called warnings that artificial intelligence could wipe out humanity "ridiculous," while welcoming the industry's push to slow advances at the AI frontier so safety measures can catch up.
Wood also expects President Donald Trump to block new federal rules. Polymarket traders currently give a qualifying U.S. AI safety law just a 19% chance of being enacted before 2027, on about $114,000 in trading.
Wood called the industry's slowdown pledge a "positive step." Drawing on her experience investing through the tech and telecom bubble, she said she welcomed industry leaders publicly confronting AI's risks.
"Half of the solution is understanding the problem," Wood told Reuters.
#called #safety #donald
1 month ago
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.
Space Exploration Technologies Corp. CEO Elon Musk has reaffirmed that the commercial ***** eflight company will put NVIDIA Corp's orbital AI computing system in ***** e by next year.
On Sunday, user RyanFox.eth took to the social media platform X, referencing an unnamed YouTuber saying that data centers in ***** e could become a reality by 2035 if the cooling aspect were solved. "People really don't get it," the user said.
Don't Miss:
A single bad hire can set a startup back years. Here are the 5 hires founders most often misjudge — and why
#benzinga #elon
Space Exploration Technologies Corp. CEO Elon Musk has reaffirmed that the commercial ***** eflight company will put NVIDIA Corp's orbital AI computing system in ***** e by next year.
On Sunday, user RyanFox.eth took to the social media platform X, referencing an unnamed YouTuber saying that data centers in ***** e could become a reality by 2035 if the cooling aspect were solved. "People really don't get it," the user said.
Don't Miss:
A single bad hire can set a startup back years. Here are the 5 hires founders most often misjudge — and why
#benzinga #elon
1 month ago
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.
After watching home prices explode during the pandemic, one recent buyer has a question that probably sounds familiar to anyone who has looked at real estate lately: How can this possibly continue?
The buyer, who recently purchased a home in the Dallas-Fort Worth area, asked Reddit's r/RealEstate community where the ceiling is if home prices keep appreciating while incomes struggle to keep pace.
"At some point don't we just reach a point where no one can afford a home?" they asked. They were even worried that continued appreciation could eventually make their own home difficult to sell because there wouldn't be enough buyers who could afford it.
Don't Miss:
#point
After watching home prices explode during the pandemic, one recent buyer has a question that probably sounds familiar to anyone who has looked at real estate lately: How can this possibly continue?
The buyer, who recently purchased a home in the Dallas-Fort Worth area, asked Reddit's r/RealEstate community where the ceiling is if home prices keep appreciating while incomes struggle to keep pace.
"At some point don't we just reach a point where no one can afford a home?" they asked. They were even worried that continued appreciation could eventually make their own home difficult to sell because there wouldn't be enough buyers who could afford it.
Don't Miss:
#point
1 month ago
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Tesla Inc. (NASDAQ:TSLA) is expanding into Vietnam, establishing a local subsidiary authorized to import, distribute and sell vehicles as competition intensifies in neighboring China.
Tesla Motors Vietnam was registered in Ho Chi Minh City on Sept. 11 with roughly $3 million in charter capital, Reuters reported Monday. Tesla has not yet said when vehicle sales will begin.
Tesla's share of China's battery-electric vehicle market fell to 6.6% in the second quarter from more than 15% in 2020, according to Reuters.
Its China retail sales fell 12.4% year over year in August to 50,047 vehicles, while China's battery-electric vehicle sales edged 0.8% higher.
#tesla #sales #reuters
Tesla Inc. (NASDAQ:TSLA) is expanding into Vietnam, establishing a local subsidiary authorized to import, distribute and sell vehicles as competition intensifies in neighboring China.
Tesla Motors Vietnam was registered in Ho Chi Minh City on Sept. 11 with roughly $3 million in charter capital, Reuters reported Monday. Tesla has not yet said when vehicle sales will begin.
Tesla's share of China's battery-electric vehicle market fell to 6.6% in the second quarter from more than 15% in 2020, according to Reuters.
Its China retail sales fell 12.4% year over year in August to 50,047 vehicles, while China's battery-electric vehicle sales edged 0.8% higher.
#tesla #sales #reuters
2 months ago
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Angel investor and All-In Podcast host Jason Calacanis warned that allowing Chinese electric vehicles into the U.S. could devastate domestic automakers even as their low prices attract consumers, reacting to Sen. Elissa Slotkin's (D-Mich.) claim that President Donald Trump could loosen barriers as part of a China deal.
"This would be the end of the US automotive industry — but consumers will love to buy these cars," Calacanis wrote in an X post on Wednesday. He added, "Everywhere I go, from the Middle East to Europe to Mexico, the streets and Uber fleets are filled with dirt-cheap Chinese EVs," calling such U.S. access "a disaster."
This would be the end of the US automotive industry — but consumers will love to buy these cars
But…. You'll probably die in one since they're not very safe
Everywhere I go, from the Middle East to Europe to Mexico, the streets and uber fleets are filled with dirt cheap… https://t.co/LGUwforT6a
— jason (Jason) September 10, 2026
#calacanis #chinese #Europe #uber
Angel investor and All-In Podcast host Jason Calacanis warned that allowing Chinese electric vehicles into the U.S. could devastate domestic automakers even as their low prices attract consumers, reacting to Sen. Elissa Slotkin's (D-Mich.) claim that President Donald Trump could loosen barriers as part of a China deal.
"This would be the end of the US automotive industry — but consumers will love to buy these cars," Calacanis wrote in an X post on Wednesday. He added, "Everywhere I go, from the Middle East to Europe to Mexico, the streets and Uber fleets are filled with dirt-cheap Chinese EVs," calling such U.S. access "a disaster."
This would be the end of the US automotive industry — but consumers will love to buy these cars
But…. You'll probably die in one since they're not very safe
Everywhere I go, from the Middle East to Europe to Mexico, the streets and uber fleets are filled with dirt cheap… https://t.co/LGUwforT6a
— jason (Jason) September 10, 2026
#calacanis #chinese #Europe #uber
