Election 2012: For The Economy, It Doesn't Matter Who Wins, Says Mark Zandi
The Daily Ticker's Aaron Task talks with Mark Zandi.
While the ultrawealthy 1% often dominates financial headlines, the real question for most Americans is whether their net worth is comparable to that of their peers. Understanding what it takes to be in the top 10% at your age can provide valuable insight into your financial standing and reveal the milestones for success at different stages of life. Don't Miss: The average American couple has saved this much money for retirement — How do you compare? Are you rich? Here’s what Americans think you
The Dow Jones fell on the stock market today. GameStop surged after influencer "Roaring Kitty" claimed a big stake. AI stock Nvidia popped.
"The current upcycle started in late'23, so we are only in quarter 3, implying strength likely till mid-26E," Bank of America wrote on Monday.
Hollywood star Johnny Depp escaped a plight many Americans cannot avoid. Last year, the actor, known for his iconic role as Captain Jack Sparrow in Disney's "Pirates of the Caribbean" franchise, took out a $10 million loan to save his two West Hollywood, California, homes from foreclosure. However, most people don't have the financial means to save their homes if they get into trouble, and many abandon them if they can no longer afford their mortgage payments — a practice known as zombie foreclo
For decades, the $1 million retirement savings goal has been considered the gold standard for a secure and comfortable post-work life. However, the reality for most Americans is quite different. According to the Federal Reserve’s latest Survey of Consumer Finances, only about 10% of American retirees have managed to save $1 million or more. This leaves a significant 90% who fall short of this milestone. Don't Miss: The average American couple has saved this much money for retirement — How do you
Toyota Chairman Akio Toyoda apologized Monday for massive cheating on certification tests for seven vehicle models as the automaker suspended production of three of them. The wide-ranging fraudulent testing at Japan’s top automaker involved the use of inadequate or outdated data in collision tests, and incorrect testing of airbag inflation and rear-seat damage in crashes.
Three high-flying stocks, which all recently announced stock splits, might come crashing back to reality.
Nvidia unveiled a new AI platform that could hit the market as early as 2026.
Mexican stocks sank and the peso slid on concern that the president-elect could seek to make changes to the constitution or pursue other policies that could rattle investors.
HSINCHU/TAIPEI, Taiwan (Reuters) -Taiwanese contract chipmaker TSMC, whose major clients include Nvidia and Apple, said on Tuesday it had held talks with some customers about moving its chip plants off the island as tensions mounted with China but such a move would be impossible. Tensions between China and Taiwan have increased sharply since Beijing launched war games around the democratically governed island last month following inauguration of Taiwan President Lai Ching-te, who Beijing denounces as a "separatist". "Instability across the Taiwan Straits is indeed a consideration for supply chain, but I want to say that we certainly do not want wars to happen," Taiwan Semiconductor Manufacturing Co (TSMC) Chairman C.C. Wei told reporters after the company's annual general meeting.