By Lucy Lazarony, Next Avenue Many Americans in their 50s don’t have nearly enough savings set aside for retirement. How bad is the shortfall? According to Prudential’s 2024 Pulse of the American Retiree survey, with just a decade until the traditional retirement age, 55-year-old Americans have less than $50,000 in…

Mortgage rates fell sharply this week to the lowest level in more than a year, igniting a boost in demand in the housing market. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed that the average rate on the benchmark 30-year fixed mortgage dropped to 6.47% this week from 6.73%…

Check out the companies making headlines before the bell. Paramount Global — The media conglomerate’s stock dropped nearly 5% after Edgar Bronfman Jr. withdrew his bid for the media company. This clears a path for Skydance Media to take over Shari Redstone’s media empire. Paramount expects the deal with Skydance…

Younger credit card users are unlikely to achieve a perfect 850 credit score — even with the best credit usage habits, credit expert John Ulzheimer tells CNBC Make it.That’s because the length of your credit history accounts for a sizable 15% of how your credit score is calculated. Since younger…

With the Federal Reserve all but confirmed to cut interest rates next month, there is finally some light at the end of the tunnel for Americans grappling with the most unaffordable housing market in decades. But the old saying that “real estate is local” still rings painfully true. In June,…

When it comes to investing, it’s imperative to see companies for what they truly are. Back in 2020, amid a notable rise in the global interest in sustainable energy solutions, I thought Exxon Mobil Corporation (NYSE:XOM) should be accepted for what it truly is, a great investment candidate for income…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.UK Prime Minister Sir Keir Starmer has warned that the autumn Budget is “going to be painful”, in his strongest hint yet that the Labour government will raise taxes in October.In a…

Weeks before the 2022 midterms, a stranger showed up at the Denver headquarters of Dominion Voting Systems. He didn’t have an appointment, so the front desk asked him to leave. But staffers noticed him lingering outside, and one Dominion executive spotted a rifle case and scope in his vehicle. A…

Many estate owners are concerned about what will happen to the wealth in the next generation and the effects the inheritance will have on their heirs, making how to leave wealth to the next generation one of the most difficult estate planning decisions. Wealth is accumulated and preserved for the…

A surprising jobs report released last week paired with a volatile Japanese market led to a massive selloff during Monday’s trading day, with both the Dow Jones and the S&P seeing their worst sessions since 2022. In the Bureau of Labor Statistics’ most recent employment report, only 114,000 jobs were…