US Politics & Business News
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Various industry estimates placed Abu Sabah’s net worth between $1.7 billion and $2 billion, built primarily on real estate holdings and property development income. The long-running money laundering saga surrounding Indian-origin Dubai businessman Balvinder Singh Sahni — widely known by his nickname “Abu Sabah” — has reached its conclusion, with the UAE’s top court delivering…
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…
Quantum Computing Inc. (QUBT), also known as QCi, continues to hold a well-capitalized balance sheet despite aggressive acquisition activity in the first half of 2026. The company closed the second quarter of 2026 with total assets of approximately $1.64 billion, essentially unchanged from the first quarter of the year. That stability signals that QCi’s overall…
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…
Unexpected income windfalls can create serious complications for households that rely on Affordable Care Act subsidies to manage their health insurance costs. When a spouse receives a large year-end bonus, the household’s modified adjusted gross income can spike well beyond the thresholds that determine subsidy eligibility. ACA subsidies are calculated based on projected annual household…
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…
The question comes up often among couples nearing retirement: can one spouse claim spousal benefits now and later switch to a higher personal benefit at age 70? For most Americans, the answer is no, and understanding why requires a close look at how Social Security rules have evolved over the past decade. A strategy once…
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…
On August 3, the Pentagon signed a deal worth more than $3 billion with Lockheed Martin (NYSE: LMT) and Northrop Grumman (NYSE: NOC) to accelerate Patriot and THAAD interceptor missile parts production. The agreement arrives as the conflict in Iran intensifies and the Ukraine war continues, placing significant strain on existing weapons stockpiles across the…
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…