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How people in their 40s save for retirement — and what “on track” really looks like

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✨ Read this must-read post from Investopedia | Expert Financial Advice and Markets News 📖 📂 Category: Retirement Planning,Personal Finance ✅ Main takeaway: Key takeaways Average retirement savings rates in workplace plans are about 11% to 12% for workers in their 40s; Try to move toward an overall contribution rate of 15% to 20% to close the gap quickly. Average 401(k) account balances rise sharply from the early 40s to the late 40s. The data suggests that the “typical” saver in their 40s has plenty of room to accelerate saving. You've reached your 40s and suddenly you're faced with a…

United Airlines CEO warns of long shutdown

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💥 Check out this insightful post from Business News 📖 📂 Category: 💡 Here’s what you’ll learn: United Airlines CEO Scott Kirby speaks during the Semafor 2025 Global Economy Summit at Conrad Washington on April 24, 2025 in Washington, DC. Alex Wong | Getty ImagesUnited Airlines CEO Scott Kirby said the federal government shutdown could hurt bookings if it continues.Despite the funding impasse, essential federal employees, including TSA officers and air traffic controllers, are being asked to work without pay. The shutdown began on October 1, as Congress failed to pass a funding bill.Speaking on an earnings call Thursday, Kirby…

Walmart stock hits record highs on OpenAI deal. What message does this send about AI businesses?

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✨ Explore this awesome post from Investopedia | Expert Financial Advice and Markets News 📖 📂 Category: Tech Sector News,Company News,News ✅ Main takeaway: Key takeaways Walmart shares rose this week after it announced a commerce partnership with OpenAI that will allow ChatGPT users to purchase Walmart goods directly through the chatbot.The OpenAI deals have fueled the latest stretch in the AI rally, but they have also raised eyebrows on Wall Street, where a growing percentage of investors are concerned that AI is in or approaching a bubble.The partnership between OpenAI and Walmart could alleviate some investor concerns by increasing…

Nestlé is the latest big company to plan to lay off thousands of white-collar employees

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🔥 Check out this insightful post from Investopedia | Expert Financial Advice and Markets News 📖 📂 Category: Company News,News 💡 Key idea: Key takeaways Nestlé on Thursday offered the latest example of a large employer looking to save money by streamlining its white-collar workforce.The company did not specify how many cuts it planned over the next two years to take place in the United States, which recently acquired 15% of its total headcount. White-collar workers are taking another hit. Global food giant Nestle said on Thursday it would cut about 12,000 jobs as part of its cost-cutting efforts.The company…

Stream your new CNN All Access subscription and exclusive content

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🚀 Discover this trending post from Business News 📖 📂 Category: 📌 Key idea: The CNN Building in Atlanta, Georgia, on Monday, May 17, 2021.Ilya Novelage | Bloomberg | Getty ImagesCNN is trying again to sign up for a full streaming service.Owned news network Warner Bros. DiscoveryIt announced Thursday that its “All Access” subscription will start in the US on October 28 and will cost $6.99 per month or $69.99 per year.The new plan is presented as a central hub for CNN journalism, and includes access to live and on-demand US and global video programming, CNN.com articles and subscriber-only content…

Stock indices open higher with continued strong bank profits; Gold hits latest record

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💥 Explore this awesome post from Investopedia | Expert Financial Advice and Markets News 📖 📂 Category: Live Markets News,Markets News,News ✅ Key idea: The four major US airlines are unlikely to be able to make money from air travelers this year 1 hour and 4 minutes ago It doesn't look good for any of the major US airlines to make money carrying passengers in 2025. United Airlines (UAL) reported third-quarter results after the bell yesterday, and through nine months of 2025, it generated higher cost per available seat mile (CASM) than passenger revenue per available seat mile (PRASM). Like…

Few heirs retain their parents’ wealth advisors, Cerulli’s study found

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💥 Discover this awesome post from Business News 📖 📂 Category: ✅ Key idea: Drazin_| E+ | Getty ImagesA version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide for the high-net-worth investor and consumer. subscription To receive future issues, directly to your inbox.Over the next 25 years, more than $120 trillion in wealth will be passed down to heirs, according to Cerulli Associates.Only 27% of those future beneficiaries — mostly widows and children — plan to retain a donor's wealth advisor, according to a Cerulli survey of investors with at least $250,000…

Watch these Salesforce price levels as shares rise on upbeat sales outlook

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🚀 Discover this insightful post from Investopedia | Expert Financial Advice and Markets News 📖 📂 Category: Stocks & Bond News,Markets News,News 📌 Key idea: Key takeaways Shares of Salesforce rose in premarket trading Thursday after the software maker issued a better-than-expected long-term sales forecast.The stock appears poised to open around the 50-day moving average following the company's upbeat revenue outlook, which could pave the way for a breakout from the bearish expansion formation.Investors should keep an eye on important general areas on the Salesforce chart around $270 and $290, while keeping an eye on support levels near $230 and…

Fans of the US-China trade dispute are worried about what’s next for the stock market

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✨ Discover this must-read post from Investopedia | Expert Financial Advice and Markets News 📖 📂 Category: Markets News,News ✅ Main takeaway: Key takeaways Michael Wilson, equity strategist at Morgan Stanley, says the sudden trade escalation could lead to the "first meaningful correction" in US stocks since April.He wrote that health care stocks appear to be the “best hedge” for political uncertainty, while semiconductors, quantum computing and blockchain stocks have the biggest downside risks. Trade tensions between the United States and China are back, and things could get worse for investors before they get better, some on Wall Street say,…

The prolonged shutdown leaves federal workers struggling with lost pay and uncertainty

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🔥 Check out this insightful post from Investopedia | Expert Financial Advice and Markets News 📖 📂 Category: Government News,News ✅ Main takeaway: Key takeaways The government shutdown that began on October 1 could easily continue into November, potentially becoming the longest in history.The shutdown affects 750,000 furloughed federal workers, and another 690,000 are working without pay.Workers will lose 1.8 million paychecks if the shutdown continues into November, according to one estimate. As the government shutdown enters its third week with no end in sight, furloughed federal employees are grappling with lost pay and, in some cases, soul-searching over whether…