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How Much You Should Have in Your Retirement Fund at Ages 30, 40, 50 and 60

FluxFactory / Getty Images In your 20s, as you start your career and make real money for the first time, your spending changes. After living with Mom and Dad or in a college dorm, you can afford a place of your own and might want to splurge on the place with the amazing rooftop deck. You might have some disposable income for the first time — even after making the monthly payment on those student loans — and want to take a weekend trip each month with friends. Find Out: 50 Best (and Worst)… Source link

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Futures inch higher after big rally, COVID remains focus

Stock futures rose in Tuesday evening’s after-hours trading, following a session in which investors momentarily cast aside their fears that a resurgence of COVID-19 cases might derail a red-hot economic recovery.  The week started out with major benchmarks suffering their worst declines of 2021, which took the spotlight from quarterly earnings that have almost uniformly reflected a strong rebound. The rising case count driven by the Delta variant — a more communicable form of COVID-19 —… Source link

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Chipotle seen riding demand boom in Q2, with eyes on price hikes, innovation

Chipotle (CMG) on Tuesday posted a second-quarter earnings report that smashed Wall Street expectations, thanks to the mass return of customers after COVID-19 restrictions, and ongoing strength in digital sales. Here’s what the California-based company reported, compared to Wall Street’s expectations, according to a Bloomberg consensus estimate: Revenue: $1.9B vs. $1.88 billion expected Adj. earnings per share (EPS): $7.46 vs. $6.54 per share expected Same-store sales: 31.2% vs. 29.8%… Source link

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Dogecoin down nearly 80% since Elon Musk SNL appearance

On May 8, billionaire Tesla CEO Elon Musk appeared on “Saturday Night Live” after having tweeted about cryptocurrency Dogecoin (DOGE-USD) for months. Since that appearance, the digital asset is down nearly 80%. Dogecoin’s value peaked right before the show aired on the expectation that Musk, who had become known as a doge bull, might plug the coin, sending it higher, or “to the moon.” Musk did talk about it during the Weekend Update segment – he was asked repeatedly by hosts… Source link

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What’s Next for Bitcoin After Break Below $30K

Bitcoin stabilized around $29,600 at press time Tuesday after breaking below the important $30,000 level on Monday. The world’s largest cryptocurrency has been in a downtrend trend since failing to hold an all-time high around $63,000 in April. Concerns about regulatory risks, less accommodative monetary policy and fading institutional demand have contributed to selling pressure over the past few months. Edward Moya, analyst at the foreign exchange brokerage firm Oanda, described… Source link

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Global EV battery industry will be “sold out” by 2025: BofA

symbol indicating a place to charge an electric car with energy in Catalonia Spain According to a Bank of America Global Research (BAC) report, there is a looming threat of the global battery supply for electric vehicles (EVs) running dry by as early as 2025. “Our updated EV battery supply-demand model suggests the global EV battery supply will likely hit [a] ‘sold-out’ situation between 2025-26, with its global operating rates reaching above 85%,” the report reads. The report states… Source link

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Bed Bath & Beyond CEO unveils revamped nearly 100,000-square-foot NYC flagship store

Given Mark Tritton’s extensive retail resume — consisting of opening fancy flagship stores for luxury retailer Nordstrom to bringing cheap chic back to Target’s home department — it’s not a shock the Bed Bath & Beyond CEO knew things had to seriously change inside the company’s most recognizable location of all positioned on 620 Sixth Avenue in New York City.  When Tritton walked into the ginormous 92,000-square-foot store in December 2019 soon after he took over as CEO, he knew that… Source link

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Bezos thanks Amazon customers who ‘paid’ for space flight, sparking criticism from Sen. Warren

Soon after Amazon (AMZN) chairman and founder Jeff Bezos returned to Earth from space on Tuesday, the billionaire received sharp criticism from progressive Senator Elizabeth Warren (D-MA) contrasting the low tax bills paid by him and Amazon with those borne by everyday Americans who “keep this country running.” The criticism came in response to remarks made by Bezos thanking Amazon customers and employees whose purchases and work “paid for” the space expedition, which was carried out by… Source link

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How to find bitcoin and other crypto asset ‘fundamentals’: Goldman Sachs

Bitcoin cryptocurrency coins and a PC motherboard are pictured in Kyiv on 19 July, 2021. (Photo by STR/NurPhoto via Getty Images) Valuing a cryptocurrency is not nearly as simple as valuing a stock. A stock is a piece of a company, and you can look at what the company owns and its revenue, costs, profits, and trends to determine some sort of estimate of its worth. For crypto, it’s far more nebulous since coin values aren’t usually connected to revenues, profits, or any of the usual… Source link

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‘A perfect storm is brewing’ in certain parts America, health official explains

Unvaccinated individuals are experiencing a sharp rise in new coronavirus cases as the Delta variant becomes increasingly pervasive across the U.S. According to CDC Director Rochelle Walensky, the Delta variant now accounts for 83% of all COVID cases in the U.S., a 33% increase from two weeks ago. Walensky added that 99.5% of all COVID-related deaths in the country over recent months have been among unvaccinated Americans. “This is a critical time during our pandemic and particularly we… Source link

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