US Politics & Business News
Grocery Outlet Holding Corp (GO) reported net sales of $1.19 billion for the quarter ended July 4, 2026, representing a 1% year-over-year increase. Comparable-store sales declined 0.3%, which was an improvement of 70 basis points from the first quarter and better than the company’s projected 1.5% to 2% decline. Chief Financial Officer Ian Ferry noted…
At 63 years old and retired, a former CPA sitting on a $1.2 million 401(k) is asking a question many pre-retirees face: is a Roth conversion worth the effort? For high-balance savers approaching or already in retirement, Roth conversions represent one of the most debated strategies in personal finance and tax planning today. A traditional…
The projected 2027 Social Security cost-of-living adjustment of 3.6% would deliver the largest benefit increase recipients have seen in four years. The forecast comes from The Senior Citizens League, which based its projection on July inflation data showing consumer prices rose 3.4% over the prior year. If the 3.6% projection holds, the average retiree’s monthly…
A 57-year-old woman and her 61-year-old husband are semi-retired and working part time, but find themselves at financial odds over a pressing question. Over the past three years, the couple has drained much of their cash reserves paying for a new roof, home repairs, two used cars, and unexpected veterinary bills. Despite holding roughly $1.7…
Congress has overhauled the rules governing charitable contributions, creating new opportunities and new limitations depending on how you file your taxes. The changes stem from the One Big Beautiful Bill Act, signed into law on July 4, 2025, with provisions taking effect for donations made during the 2026 tax year. For the first time, Americans…
Boeing (NYSE: BA) has signed seven-year framework agreements with the US Department of War and Raytheon, a business unit of RTX (NYSE: RTX), to expand production of key missile defense components. The agreements cover avionics and ejector assemblies for the Standard Missile-3, a sea-based interceptor engineered to neutralize missile threats operating outside the atmosphere. Production…
Warren Buffett’s Berkshire Hathaway (BRK.B) has agreed to acquire homebuilder Taylor Morrison Home Corporation (TMHC) in an all-cash deal valued at approximately $8.5 billion, including debt. The purchase price of $72.50 per share represents a 24% premium over Taylor Morrison’s closing price on May 29, underscoring Berkshire’s confidence in the housing sector’s long-term prospects. The…
AST SpaceMobile (NASDAQ: ASTS) shares closed 4.4% lower at $68.76 on August 10 before the company released its second-quarter financial results. Second-quarter revenue of $31.5 million missed the approximately $34.5 million consensus estimate, while the net loss attributable to common stockholders widened to $230.9 million. Investors appeared more focused on deployment progress than on the…
A leading Social Security reform proposal would require high-income workers to pay more in payroll taxes without receiving any corresponding increase in their benefits. The Social Security taxable earnings cap currently sits at $184,500, meaning income above that threshold is not subject to the payroll tax that funds the program. Millionaires effectively stop contributing to…
Howmet Aerospace Inc. (HWM) is building serious momentum in 2026, powered by an exceptional performance in its commercial aerospace segment that shows no signs of slowing. Second quarter 2026 revenues from the commercial aerospace market surged 28% year over year, representing 53% of the company’s total revenues during the period. Rising air travel globally has…