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☆ Lionel Messi scores on his MLS debut for Inter Miami
▼ + stars: | 2023-08-27 | by ( Issy Ronald | Jacob Lev | ) edition.cnn.com time to read: +2 min

CNN —‘Messi mania’ swept across New York on Saturday as Lionel Messi made his Major League Soccer (MLS) regular season debut for Inter Miami away against the New York Red Bulls. Inter Miami defeated the New York Red Bulls. “Where dreams are made of,” Inter Miami co-owner David Beckham said on Instagram afterwards, alongside pictures of Messi, the rest of the team and fans wearing Messi jerseys. Great win on the road.”With the win, Inter Miami moved from the bottom of the Eastern Conference to 14th place, leapfrogging Toronto FC. Messi and Inter Miami are next scheduled to play on Wednesday against Nashville SC at DRV PNK Stadium in Fort Lauderdale, Florida.

Persons: CNN — ‘ Messi, ’, Lionel Messi, Ballon, Messi, Benjamin Cremaschi, Ira L, VividSeats, ‘ Messi, David Beckham Organizations: CNN, Major League Soccer, Inter Miami, New York Red Bulls, Argentine, Red Bull, Messi, MLS, ” Inter Miami, Eastern Conference, Toronto FC, Wednesday, Nashville SC Locations: New York, Harrison , New Jersey, Instagram, NYC, ”, Fort Lauderdale , Florida

I started investing in my 403(b) retirement account as soon as I became eligible as a teacher. But I invested in expensive mutual funds on the advice of another teacher. He recommends index funds as well as passively managed mutual funds or exchange-traded funds (ETFs). Before you join a 403(b) plan, know that costly 403(b) fees can significantly reduce your savings over the course of your career — sometimes by hundreds of thousands of dollars. You should learn what your 403(b) plan fees are, as well as the fund fees of the different investment options you have within the plan.

Persons: Brian Walsh, Read, Bobby Glotfelty, Glotfelty, Walsh, it's Organizations: Service, Business Locations: Wall, Silicon

To retire at 35 and live on investment income of $100,000 a year, you need at least $5.22 million invested. With an annual spending target of $65,000, you'll need about $3.25 million invested. How much you need invested to retire at 35According to Fry's calculations, an investor who leaves work at age 35 would need at least $5,225,000 in a taxable investment account on the day they retire in order to have an annual post-tax income of $100,000. If the investor reduces their target annual income to $65,000, they would need about $2 million less — or $3,250,000 — invested on the day they retire. Fry's simulation also did not factor in potential Social Security income.

Persons: Brian Fry, Fry, Read, Alyssa Powell, — Organizations: Service, Safe, JPMorgan, Social Security, Security, Social, Monte, Capital Locations: Wall, Silicon

☆ Listen Early to ‘This American Life’: The Super
▼ + stars: | 2023-08-26 | by ( New York Times Audio | ) www.nytimes.com time to read: 1 min

The New York Times Audio app is home to journalism and storytelling and provides news, depth and serendipity. It is available to Times news subscribers on iOS. If you haven’t already, download the app here and sign up for our weekly newsletter. Our new audio app is home to “This American Life,” the award-winning program hosted by Ira Glass. The app includes a “Best of This American Life” section with some of our favorite bite-size clips, so you can enjoy the show even if you don’t have a lot of time.

Persons: Ira Glass, we’ve Organizations: New York Times

☆ Wall St Week Ahead Historically stormy month of September may test US stock rally
▼ + stars: | 2023-08-25 | by ( David Randall | ) www.reuters.com time to read: +4 min

The Wall Street entrance to the New York Stock Exchange (NYSE) is seen in New York City, U.S., November 15, 2022. In Septembers since 1945, the S&P 500 has declined an average of 0.7%, the worst performance of any month, according to CFRA. Of course, bullish stock investors have largely been rewarded for looking past potential pitfalls this year. "The correction started on the first day of the month, and now it has corrected the conditions that made it vulnerable," Hayes said. Reporting by David Randall; Additional reporting by Lewis Krauskopf; Editing by Ira Iosebashvili and David GregorioOur Standards: The Thomson Reuters Trust Principles.

Persons: Brendan McDermid, Jack Janasiewicz, Janasiewicz, Jerome Powell, Sandy Villere, Goldman Sachs, Tim Hayes, Ned Davis, Hayes, David Randall, Lewis Krauskopf, Ira Iosebashvili, David Gregorio Our Organizations: New York Stock Exchange, REUTERS, Reserve, Natixis, Solutions, U.S, Villere, Pfizer, Abbott Laboratories, Investors, Republicans, U.S . House, Goldman, Federal, Ned, Ned Davis Research, Thomson Locations: New York City, U.S, Jackson

REUTERS/Brendan McDermid/File Photo/File Photo Acquire Licensing RightsAug 25 (Reuters) - AstraZeneca (AZN.L) said on Friday it has sued the U.S. government to block parts of a program that gives the Medicare health insurance plan the power to negotiate lower drug prices. The program faces at least seven other court challenges, including from leading industry group PhRMA and drugmakers Johnson & Johnson (JNJ.N), Merck & Co (MRK.N), Bristol Myers Squibb (BMY.N) and privately-held Boehringer Ingelheim. The drug price negotiation program is part of President Joe Biden's signature Inflation Reduction Act (IRA). ‍AstraZeneca said the program would deter continued development of treatments such as its cancer drug Lynparza and rare blood disorder drug Soliris, which carry orphan drug status for multiple conditions. An HHS spokesperson said in a statement that the agency "will vigorously defend the President's drug price negotiation law, which is already helping to lower healthcare costs for seniors and people with disabilities."

Persons: Brendan McDermid, drugmakers Johnson, Johnson, Joe Biden's, AstraZeneca, Bhanvi, Dhanya Ann Thoppil, Shilpi Majumdar Organizations: AstraZeneca, New York Stock Exchange, REUTERS, U.S, Merck & Co, Bristol Myers Squibb, U.S . Department of Health, Human Services, Thomson Locations: British, Delaware, United States, U.S, Bengaluru

FILE PHOTO: The company logo for pharmaceutical company AstraZeneca is displayed on a screen on the floor at the New York Stock Exchange, U.S., April 8, 2019. The drug price negotiation program is part of President Joe Biden's signature Inflation Reduction Act (IRA). The program faces several other court challenges, including from leading industry groups and other drug companies. ‍AstraZeneca said it was filing a legal challenge in a bid to "protect timely access to medicines for orphan indications" in the United States. Reporting by Bhanvi Satija in Bengaluru; Editing by Dhanya Ann Thoppil and Shilpi MajumdarOur Standards: The Thomson Reuters Trust Principles.

Persons: Brendan McDermid, Joe Biden's, AstraZeneca, Bhanvi, Dhanya Ann Thoppil, Shilpi Majumdar Organizations: AstraZeneca, New York Stock Exchange, REUTERS, drugmaker AstraZeneca, Thomson Locations: United States, Bengaluru

Nvidia shares, which had run up in the days leading up to its report, climbed more than 6% on Thursday but pared gains to end the day little changed. However, Nvidia's stock buyback - the fifth-biggest repurchase announcement among U.S.-based companies this year, according to EPFR - surprised some investors. Despite the staggering dollar amount, Nvidia's buyback amounted to only 2.1% of its nearly $1.2 trillion market value, or buyback yield, as of Wednesday. Indeed, some investors welcomed Nvidia's buyback decision. "It’s a show of confidence," said Francisco Bido, senior portfolio manager for F/M Investments' large cap focused fund, which holds Nvidia shares.

Persons: Dado Ruvic, Lip, Daniel Morgan, Morgan, Refinitiv, Tom Plumb, Plumb, buyback, Howard Silverblatt, Dow, Daniel Klausner, Houlihan Lokey, Nvidia's, Francisco Bido, Lewis Krauskopf, Chibuike Oguh, Lance Tupper, Echo Wang, Stephen Nellis, Ira Iosebashvili, Matthew Lewis Organizations: NVIDIA, REUTERS, Nvidia, Companies, Wealth Management, Synovus, Plumb Funds, Arm Holdings, Dow Jones, Apple, Tech, Investments, Thomson Locations: New York, San Francisco

☆ AI, EVs and more: Goldman names 5 'compelling' stocks to play major themes — giving one 60% upside
▼ + stars: | 2023-08-25 | by ( Lucy Handley | ) www.cnbc.com time to read: +3 min

Analysts at Goldman Sachs named five stocks to play themes including artificial intelligence, electric vehicles and energy-efficiency, with two on its conviction list: Mercedes-Benz and Daikin Industries . The bank gave Mercedes' stock an estimated 48% upside to its 12-month price target. Goldman gave the stock an estimated 30% upside to its 12-month price target. The bank gave the stock an estimated 54% upside to its 12-month price target. Darling Ingredients , a feedstock and renewable diesel company in the United States, has a 60% upside to Goldman's 12-month price target, the bank said.

Persons: Goldman Sachs, Mercedes, TSMC, Goldman, firm's, Joe Biden's, — CNBC's Michael Bloom, Emma Newburger Organizations: Goldman, Benz, Daikin Industries, ICE, Mercedes, Taiwan Semiconductor Manufacturing Locations: United States, North America, Dutch

Stocks - which have wobbled in August as rising bond yields threatened to dull the allure of equities - were little changed with the S&P 500 up 0.22%. REVIVING RECESSION WORRIESSome investors were worried that higher rates could weigh on growth and increase the chances of a recession next year. Such a scenario, in theory, would force the Fed to cut rates, pulling bond yields lower. But while risks remained that long-term bond yields could move higher, he was looking to extend the duration of his portfolio. Reporting by Davide Barbuscia and David Randall; Editing by Ira Iosebashvili and Andrea RicciOur Standards: The Thomson Reuters Trust Principles.

Persons: Jerome Powell, John Williams, Ann Saphir, Powell, ”, Cindy Beaulieu, Jackson, “ Powell, Anders Persson, Mike Sewell, Rowe Price, Josh Emanuel, Davide Barbuscia, David Randall, Ira Iosebashvili, Andrea Ricci Organizations: New York Fed, Kansas, Fed, REUTERS, Kansas City, Financial, Treasury, Investors, Futures, Thomson Locations: Jackson Hole , Wyoming, U.S

☆ Why Donald Trump, a billionaire, is using a bondsman to pay his $200,000 bail in Georgia
▼ + stars: | 2023-08-25 | by ( Sonam Sheth | ) www.businessinsider.com time to read: +3 min

Donald Trump became the latest celebrity to use a bail bondsman after getting booked in an Atlanta jail this week. Bail bondsmen charge a fee in exchange for putting up the full bail amount for their clients. A bail bondsman makes money by charging a fee (usually a certain percentage of the bail amount) in exchange for putting up the full amount for their client. "So I worry about my clients and making sure the bail process is moving along smoothly." In others, like Georgia, they post bail when they get booked in jail — just like Trump did.

Persons: Donald Trump, Bail, bondsman, Forbes, bondsmen, Ira Judelson, who's, Judelson, Trump, Donald Trump's Organizations: Service, Trump, Office Locations: Atlanta, Wall, Silicon, Georgia, New York, Fulton, Fulton County

☆ Why Donald Trump, a millionaire, is using a bondsman to pay his $200,000 bail in Georgia
▼ + stars: | 2023-08-25 | by ( Sonam Sheth | ) www.businessinsider.com time to read: +3 min

Donald Trump became the latest celebrity to use a bail bondsman after getting booked in an Atlanta jail this week. Bail bondsmen charge a fee in exchange for putting up the full bail amount for their clients. "So I worry about my clients and making sure the bail process is moving along smoothly." In some states, defendants appear in court to post bail. In others, like Georgia, they post bail when they get booked in jail — just like Trump did.

Persons: Donald Trump, Bail, bondsman, bondsmen, Ira Judelson, who's, Judelson, Trump Organizations: Service, Trump, Office Locations: Atlanta, Wall, Silicon, Georgia, New York, Fulton, Fulton County

☆ US stocks may not be ready for hawkish Powell at Jackson Hole, options data show
▼ + stars: | 2023-08-24 | by ( Saqib Iqbal Ahmed | ) www.reuters.com time to read: +4 min

[1/2] Federal Reserve Chair Jerome Powell walks in Teton National Park where financial leaders from around the world gathered for the Jackson Hole economic symposium outside Jackson, Wyoming, U.S., August 26, 2022. REUTERS/Jim Urquhart/File Photo Acquire Licensing RightsWASHINGTON, Aug 24 (Reuters) - Investors may be underestimating the degree of potential market turbulence stemming from the Federal Reserve's economic symposium at Jackson Hole, Wyoming, potentially leaving them more vulnerable to a hawkish surprise, options strategists said. This year's symposium also comes at a time when various asset classes have become more vulnerable to outsized moves following the Jackson Hole event, according to an analysis by derivatives strategists at Barclays. Across asset classes, the average volatility-adjusted move around Jackson Hole has almost doubled in the 2017-2022 period, compared with 2010-2016, the bank's strategists wrote in a note on Tuesday. Reporting by Saqib Iqbal Ahmed; Editing by Ira Iosebashvili and Andrea RicciOur Standards: The Thomson Reuters Trust Principles.

Persons: Jerome Powell, Jackson, Jim Urquhart, Powell, Steve Sosnick, Sosnick, Chris Murphy, Saqib Iqbal Ahmed, Ira Iosebashvili, Andrea Ricci Organizations: REUTERS, Rights, Federal, Interactive, Reuters Graphics, Bank of America, Barclays, Treasury, Susquehanna Financial Group, Thomson Locations: Teton, Jackson , Wyoming, U.S, , Wyoming

☆ Exclusive: Deputy Treasury chief Adeyemo says US well-prepared to weather China headwinds
▼ + stars: | 2023-08-24 | by ( David Lawder | ) www.reuters.com time to read: +2 min

Adeyemo told Reuters during a visit to the Chickahominy Tribe in southeastern Virginia that the Treasury is closely monitoring economic developments in China, where growth is faltering amid a worsening property slump, weak consumer spending and tumbling credit growth. "You're seeing the Chinese economy demonstrate weakness that has global implications. Because of the decisions we've made, we're probably best prepared to deal with the headwinds that this has created," Adeyemo said, referring to the United States. These investments will help the U.S. economy overcome the headwinds created by slower growth and demand in China, the world's second-largest economy, he said. "We're going to continue to monitor what's happening there, but our goal really is to make sure that we take the steps here to make sure the American economy can grow despite the headwinds," Adeyemo said.

Persons: Wally Adeyemo, Adeyemo, we've, we're, David Lawder, Jonathan Oatis Organizations: ., Reuters, Treasury, COVID, U.S, Thomson Locations: PROVIDENCE FORGE , Virginia, U.S, Chickahominy, Virginia, China, United States, Asia, Beijing

☆ Investors look to AI-darling Nvidia's earnings as US stocks rally wobbles
▼ + stars: | 2023-08-23 | by ( Lewis Krauskopf | ) www.reuters.com time to read: +5 min

REUTERS/Robert Galbraith/File Photo Acquire Licensing RightsNEW YORK, Aug 23 (Reuters) - Bullish investors are hoping Wednesday's earnings report from chip heavyweight Nvidia (NVDA.O) can rejuvenate a U.S. stocks rally that has stumbled in recent weeks. The market's turbulence is intensifying focus on Nvidia's fiscal second quarter report, due after market close on Wednesday. Following that report, the S&P 500 technology sector (.SPLRCT) rallied 8% over the next five days. Signs that the central bank intends to hold rates around current levels for longer than investors had anticipated could further weigh on stocks. In a Monday note, Goldman analysts said an equal-weighted basket of those 11 stocks had returned 69% so far in 2023, outpacing a 7% gain for the overall equal-weight S&P 500.

Persons: Robert Galbraith, Anthony Saglimbene, Chuck Carlson, Jerome Powell, Goldman Sachs, Goldman, Lewis Krauskopf, Saqib Iqbal Ahmed, Ira Iosebashvili, Matthew Lewis Organizations: Nvidia, REUTERS, Apple, Microsoft, Big Tech, Ameriprise, Reuters, Societe Generale, Horizon Investment Services, Nasdaq, Federal, NVDA, Goldman, Thomson Locations: Santa Clara , California, U.S, Jackson Hole , Wyoming, outpacing, New York

Humble beginningsPutin and Prigozhin share relatively humble beginnings, and the Wagner chief grew up in the tougher neighborhoods of St. Petersburg, which is also the president’s hometown. Prigozhin founded Wagner that year as a mercenary outfit that fought both in Ukraine and, increasingly, for Russian-backed causes around the world. In recent months, Prigozhin has created a dilemma for Putin by becoming an outspoken critic of Russia’s military leaders. The Wagner mutiny began when Prigozhin unleashed a fresh tirade against the Russian military and then marched his troops into the Russian city of Rostov-on-Don. Prigozhin responded on Telegram saying that Putin was “deeply mistaken.”“We are patriots of our Motherland, we fought and are fighting,” the Wagner chief said.

Persons: Wagner, Yevgeny Prigozhin, Prigozhin, Vladimir Putin, Alexander Lukashenko, Putin, ”, Humble, George Bush, Jacques Chirac of France, ” Prigozhin, Defense Yunus, Bek Yevkurov, Wagner –, –, Mark Hertling, Misha Japaridze, Sergei Shoigu, Valery Gerasimov, “, Don Organizations: CNN, Kremlin, Russian, Moscow Times, Defense, Reuters CNN, Central African, Internet Research Agency, US Treasury Department, United, Russian Defense Locations: Moscow, Ukraine, Russian, Belarus, St . Petersburg, Africa, Central African Republic, Sudan, Libya, Mozambique, Mali, Syria, Soledar, Prigozhin's, Russia, Bakhmut, Rostov

☆ Fact check: The first Republican presidential debate of the 2024 election
▼ + stars: | 2023-08-23 | by ( Cnn Staff | ) edition.cnn.com time to read: +16 min

CNN —Eight candidates for the Republican nomination for president took the stage for the first GOP debate Wednesday night in Milwaukee. (In June 2020, he announced a plan for schools to reopen for the next school year that began in August. In April 2020, the unemployment rate spiked to 14.7% — the highest level since monthly records began in 1948. It reached a 66-year low during certain months of 2019, at 3.4% in April and 3.6% in August, but by December 2020, unemployment for women was at 6.7%. That deal was negotiated by special counsel David Weiss, who was first appointed to the Justice Department by former President Donald Trump.

Persons: Ron DeSantis, DeSantis, Daniel Dale Nikki Haley, Nikki Haley, “ Donald Trump, Trump, Daniel Dale, Katie Lobosco Burgum, Doug Burgum, –, Goldman Sachs, Ella Nilsen Tim Scott, South Carolina Sen, Tim Scott, Biden, ” Scott, Scott’s, don’t, Tara Subramaniam Scott, ’ Scott, Joe Biden, they’re, Kevin McCarthy, Merrick Garland, ”, Garland, CNN’s Hannah Rabinowitz Haley, Haley, CNN’s Haley Britzky Pence, Mike Pence, “, Obama, CNN’s Haley Britzky Christie, Hunter Biden, Chris Christie, Biden’s son Hunter Biden, Christie, David Weiss, Donald Trump, CNN’s Marshall Cohen Scott, Burgum, Scott, Katie Lobosco Organizations: CNN, Republican, GOP, “, New, New York Tri, State, Trump, South, United Nations, Social Security, Dakota Gov, American Clean, Republicans, DOJ, Justice Department, National School, Department, Defense Department, of Foreign Relations, Former New Jersey Gov, US, IRS, Treasury Locations: Milwaukee, Florida, Broward, Palm, New York, Connecticut , New Jersey, Louisiana, South Carolina, China, United States, Covid, Ukraine, Estonia, Latvia, Lithuania, Poland

Strong economic growth has spurred expectations that the Federal Reserve will leave rates higher for longer, pushing Treasury yields this month to their highest levels since 2007. The S&P 500 has lost 4% this month as the U.S. benchmark 10-year Treasury yield climbed to a more than 15-year high of 4.366% on Tuesday. Meanwhile, the S&P 500 technology sector (.SPLRCT) has dropped 5.7%, bitcoin has fallen over 10% and the ARK Innovation ETF (ARKK.P) - a bastion of many high-growth names - has dropped 18.5%. Stocks rose on Monday, with the S&P 500 closing up 0.7% and futures pointed to a further rise on Tuesday. The S&P 500 is over 8% below its January 2022 closing high.

Persons: Andrew Kelly, bitcoin, Sameer Samana, ”, Jerome Powell, Matt Maley, Miller, Goldman Sachs, Randy Frederick, Frederick, David Randall, Lewis Krauskopf, Ira Iosebashvili, Bill Berkrot Organizations: New York Stock Exchange, REUTERS, Treasury, Federal Reserve, Innovation, U.S ., Wells, Wells Fargo Investment Institute, Lipper, Investor, Deutsche Bank, Schwab Center, Financial Research, Thomson Locations: New York City, U.S, Wells Fargo, Samana, Jackson Hole , Wyoming

☆ The minds behind JPMorgan's AI-driven ETF share the high-yielding strategy that's helped it beat 94% of its human-powered peers this year — and the 7 investments they're making now
▼ + stars: | 2023-08-22 | by ( James Faris | ) www.businessinsider.com time to read: +7 min

The JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) is dominating the competition. Of course, Reiner and his colleagues, Eric Moreau and Andrew Stern, aren't complaining about their fund's 22.6% rise in 2023. It's hard to poke holes in JPMorgan's growth-focused income ETF. JPMorgan's income-focused ETF uses an AI model that gathers and sorts through a treasure trove of information, especially financial statements, to help find suitable investments. Other than putting a premium on income and using AI to find standout stocks, a pair of traits that make JPMorgan's income ETF sing are its transparency and its liquidity.

Persons: Hamilton Reiner, Reiner, Eric Moreau, Andrew Stern, aren't, what's, it'll, Morningstar, —, I'm, Moreau, Stern didn't, they've, Bonds, — it's, it's, Moreau spotlighted, he's Organizations: JPMorgan Nasdaq Equity, Nasdaq, JPMorgan, NXP Semiconductors, NextEra Energy, NextEra Locations: Netherlands, Florida

☆ JPMorgan executive explains why decarbonization is a megatrend that business can't ignore
▼ + stars: | 2023-08-22 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +9 min

"It doesn't matter whether you're an energy client, or a consumer products client, or a retail client, there is something about this megatrend that is going to impact your business model, your business," Variankaval told CNBC. Right now, Variankaval says, it's too soon to know exactly which climate tech companies are going to the winners and losers. It's a multi decade-long process," Variankaval told CNBC. In some segments of climate tech, there are debates about which solutions are better than others that take on a near religious fervor. So you need to diversify in terms of technologies, but also in time horizons," Variankaval told CNBC.

Persons: Rama Variankaval, decarbonization, Variankaval, Megatrend, —, Joe Biden, Sen, Joe Manchin, Chuck Schumer, James Clyburn, Frank Pallone, Kathy Catsor, Drew Angerer, Biden, signe, It's, it's, That's, We're Organizations: JP Morgan Securities LLC, Aspen, Bloomberg, Getty, JPMorgan Chase, CNBC, JPMorgan, United Nations, Carbon, SC, White, Federal Reserve Locations: Miami Beach , Florida, Paris, decarbonization, United

☆ Nvidia options show traders positioned for outsized share move after earnings
▼ + stars: | 2023-08-22 | by ( Saqib Iqbal Ahmed | ) www.reuters.com time to read: +1 min

A Nvidia logo is seen on one of their products on display at their headquarters in Taipei, Taiwan May 31, 2023. REUTERS/Ann Wang/File Photo Acquire Licensing RightsNEW YORK, Aug 22 (Reuters) - Traders in the U.S. equity options market are expecting a larger-than-usual swing in Nvidia's (NVDA.O) shares following the chipmaker's quarterly results after the close on Wednesday, options market data showed. Nvidia options imply a nearly 11% swing for the shares, in either direction, by Friday, according to Trade Alert data. The stock has gained about 11% in the last seven sessions, taking its year-to-date gains to about 210%, and has drawn options bets on further gains. "The stock moves on earnings but you can't just assume it only moves up," he said.

Persons: Ann Wang, Steve Sosnick, Saqib Iqbal Ahmed, Ira Iosebashvili, Cynthia Osterman Organizations: REUTERS, Traders, Nvidia, Interactive, Thomson Locations: Taipei, Taiwan, U.S

Wealthy people use many accounts to build wealth, and three are widely available. And they love to buy low-cost index funds in brokerage accounts to build accessible wealth. Rich people use Roth IRAs for tax advantagesRich people are always looking to minimize the impact of taxes, and Roth IRAs are designed to do just that. Roth IRAs do have income limits, but that doesn't mean wealthy people and high earners don't use them. A workplace's 401(k) plan might not seem like a likely place to amass wealth, but these accounts offer powerful perks.

Persons: Rich, Roth, Peter Thiel's Roth, Insider's Hillary Hoffower, Warren Buffett, Read Organizations: Service, PayPal, Ramsey Solutions Locations: Wall, Silicon

☆ Summer of angst as bond yields surge and global stocks wobble
▼ + stars: | 2023-08-21 | by ( ) www.reuters.com time to read: +5 min

Meanwhile, U.S. real yields, which show what investors can expect to earn on government bonds after adjusting for inflation, stand near their highest point since 2009. Benchmark yields also guide other key economic rates, raising the cost of capital as they climb. In Europe, a key long-term gauge of market inflation expectations remains well above the European Central Bank's 2% inflation target . Reuters GraphicsHigher bond yields, falling equities and a rising dollar are all tightening financial conditions fast, adding to investor concerns. Property accounts for roughly a quarter of China's economy, which is already suffering from tepid domestic consumption, faltering factory activity, rising unemployment and weak overseas demand.

Persons: Brendan McDermid, Goldman Sachs, Goldman, Hong, Yoruk Bahceli, Alun John, Dhara Ranasinghe, Lewis Krauskopf, Vincent Flasseur, Ira Iosebashvili, Mark Potter Organizations: New York Stock Exchange, REUTERS, Japan’s Nikkei, Reuters, Treasury, Central, Bank of England, Thomson Locations: New York City, U.S, Europe, Britain, China's

I ignored my Dad's advice about saving money and investing until I saw him retire a decade before his peers. Then I watched my Dad retire at least a decade before many of his peers, and my entire perspective changed. My stepmom, on the other hand, never had plans to retire early until she started dating my Dad. Invest aggressively ... and diversifyLike most people, a 401(k) was central to my parents' retirement plan. Because they wanted to retire early, my parents had to have other investments they could rely on for retirement income.

Persons: Lizzie, stepmom, Dad, there's, they've, doesn't, Get, shouldn't, you've, you'll, Thomas, They've, I've Organizations: Service, Acura Integra —, Invest Locations: Wall, Silicon, South Africa, Germany, St, Caribbean, Europe, Panama

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