Fidelity Investments’ latest analysis reveals that the second quarter of this year was favorable for those saving for retirement. Thanks to ongoing contributions from both employees and employers, as well as an improving market, average 401(k) balances increased across all age groups not only in the second quarter but also in comparison to the same…
Intel has withdrawn from a significant acquisition of an Israeli chip manufacturer after failing to secure the necessary regulatory clearance. The US tech giant announced on Wednesday that it would abandon its planned $5.4 billion purchase of Tower Semiconductor (TSEM), citing a lack of timely approval from regulators. The deal was initially unveiled in February…
The S&P 500 index has risen nearly 17% year-to-date, while the Nasdaq composite has surged over 30%. Americans continue to spend money, unemployment remains low, and the Federal Reserve is likely to pause its interest rate hikes as inflation rates gradually decrease. However, Securities and Exchange Commission filings released on Monday reveal that Warren Buffett’s…
Banks currently have numerous concerns to contend with: elevated interest rates, escalating deposit rates, and declining profitability. Adding to these worries is the specter of bond rating downgrades. Banks heavily rely on bond sales to support their operations, and credit rating agencies are conveying that these issuances may become costlier due to a confluence of…