US Politics & Business News
The 2025 tax legislation introduced a new savings vehicle for children called Trump Accounts, which officially became available starting July 4, 2026. Any contributor can deposit up to $5,000 annually into these accounts during 2026 and 2027, with that cap indexed for inflation in subsequent years. Children born between January 1, 2025, and December 31,…
The ballet flat has officially moved beyond niche fashion circles and into mainstream footwear culture, with nearly every major brand now launching its own version. Birkenstock and Crocs (CROX) are among the most prominent names capitalizing on what has become one of the most durable style movements in recent footwear history. Birkenstock CEO Oliver Reichert…
Harbor International Core Fund is proving that holding nearly 800 stocks simultaneously does not have to mean settling for average returns. The $2.5 billion fund carries a five-star rating from Morningstar within the Large Foreign Blend fund category, its highest possible designation. Its performance benchmark is the MSCI EAFE Index, and it has consistently delivered…
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…