Wall Street Inches Higher with the strongest first quarter in years
There is progress on trade talks between the U.S. and China — which has seen stocks open higher on Wall Street. That and the change in the Federal Reserve policy has seen the best start to a year since 1998 for the S&P 500 index and the best start for the Dow since 2013! The discussions have sparked optimism among investors — albeit with caution. It’s likely the market will remain strong, provided there’s some sort of expectation of a trade deal.
Top 6 Tax Reduction Tips
Did you know that you can defer your income, time the sells and buys of your mutual fund, and plan retirement distributions to help you minimize the amount you owe in taxes? You can also make deductions from a variety of activities the IRS might consider hobbies, including horse breeding and auto restoration. Keep reading to learn other tips to help reduce your taxes.
Saudi Aramco Tops Apple as The Most Profitable Company in The World
Generating a net income of $111.1 billion in the last year, the oil-producing giant company Saudi Aramco has officially leapfrogged Apple as the most profitable company in the world. This revenue dwarfs other oil giants such as Dutch Shell ($24B) and Exxon-Mobil ($21B). This is the first time the company has divulged its finances, mainly because it’s interested in buying $15B in bonds to help fund an upcoming purchase deal. Find out what analysts have to say about the recent revelation.
Some Retirement Tactics Aren’t What They Used to Be
You’ve slaved through your 9-to-5 job, and you hope to retire someday. But without adequately planning for your retirement, plus some old ways of thinking, you could be in for a few surprises. With longer life expectancies, the high cost of healthcare (among other factors) — the rules of planning for retirement have drastically changed. The rules of thumb for saving, and also investing in stocks and bonds, have altered in the past few decades. Learn more about the five tactics that don’t work anymore, and the five that DO work.
The NFL Player Who Saves Half His Salary? Seriously?!
New York Jet Brandon Copeland not only saves almost half his entire salary — but he also teaches a class on financial literacy at the Wharton School of Business. His first assignment for his students: Balance their personal budget on a hypothetical salary — maybe even in a larger U.S. market. Read more about how this progressive NFL player is laying the foundation for a secure financial future and helping close the gap of financial literacy.