From usanewsgroup.com
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Are You Saving Enough To Be In The Top 3% Of Retirees? Here’s How Much You Need
Retirement savings play a crucial role in securing financial stability in your golden years. For those aiming high, being in the top 3% of retirees in terms of savings enhances comfort and offers greater financial freedom. Using data from the Federal Reserve’s Survey of Consumer Finances, a 2024 survey by the Employee Benefit Research Institute, […]
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2025 Social Security COLA: What is the projected increase for the next year?
The latest estimate for Social Security‘s cost-of-living adjustment (COLA) in 2025 has risen to 3% due to higher-than-expected inflation, according to new calculations reported on Wednesday. This increase marks the third adjustment this year, following the reacceleration of inflation each month in 2024. The initial estimate for the 2025 COLA was 1.75% in January, which then […]
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Bitcoin price coils near $64k, analyst predicts cycle top at $300k
Bitcoin’s (BTC) price continues to coil in post-halving trading as the past 24 hours have seen the top crypto trade in a narrowing range between $63,520 and $65,285 while traders await the next market-moving catalyst. BTC/USD Chart by TradingView The sideways price action comes as the U.S.-listed spot Bitcoin ETFs continue to record outflows. Fidelity’s […]
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Alphabet soars most since 2015 on strong earnings, first dividend and $70 billion buyback
Alphabet shares shot up 10% on Friday after the company posted better-than-expected first-quarter results and greenlit its first-ever dividend and a $70 billion buyback. It’s the sharpest rally for the stock since a 16% jump in July 2015. The shares closed the day at $171.95, valuing Alphabet at over $2.1 trillion. The company on Thursday reported revenue of $80.54 billion, […]
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Fed’s favorite inflation gauge and Big Tech earnings greet a slumping stock market: What to know this week
The market rally is at its most fragile point in months. The S&P 500 (^GSPC) ended Friday below 5,000, its first close below that mark since late February. Meanwhile, the Nasdaq Composite (^IXIC) dropped more than 5% on the week, while the Dow held flat. This week, critical readings on economic growth and inflation, as […]
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Bitcoin Chops Around $64K, With Japanese Yen’s Tumble Maybe Signaling ‘Currency Turmoil,’ Analyst Says
The yen’s volatile episode may spread to other fiat currencies as U.S. rate cuts remain elusive amid sticky inflation, which could drive investors to gold and bitcoin, Noelle Acheson said in an interview. Cryptocurrencies, widely known for their often volatile nature, were a sea of calm Friday as the Japanese yen’s tumble to a fresh […]
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Major Google Pixel 8a leaks highlight features and software update promise
The Pixel 8a launch is likely just around the corner as we approach Google I/O 2024, and a new leak spills the beans on what we can expect from the device. The leak comes from Android Headlines, which shares additional new renders of the Pixel 8a in all colors — the Obsidian, Porcelain, Mint, and […]
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Putting Microsoft’s cratering Xbox console sales in context
Yesterday, Microsoft announced that it made 31 percent less off Xbox hardware in the first quarter of 2024 (ending in March) than it had the year before, a decrease it says was “driven by lower volume of consoles sold.” And that’s not because the console sold particularly well a year ago, either; Xbox hardware revenue […]
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High-speed rail system from Las Vegas to Southern California breaks ground
Officials broke ground Monday on a new high-speed rail system that will connect Southern California and Las Vegas. The Brightline West system will average speeds of about 115 miles per hour and reach a top speed of around 200 mph, comparable to other high-speed systems around the world. The Eurostar between London and Paris averages […]
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Plasma treatment enhances electrode material for fuel cells in industry, homes and vehicles
Researchers from Skoltech and their colleagues have improved the properties of a carbon-based electrode material by exposing it to air plasma. Such treatment turned out to enhance electrode performance, which is the limiting factor for high-tech energy sources—particularly fuel cells. These are a promising technology for cleaner and more efficient electrical power generation. Published in the Journal of […]
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Tech’s earnings bonanza this week shines spotlight on growing troubles at Tesla, Google
As tech’s behemoths get set to report earnings this week, they do so facing a mountain of drama. At Google, there have been protests and restructurings, while Tesla just announced mass layoffs, price cuts and a Cybertruck recall. Microsoft’s OpenAI relationship faces fresh scrutiny and Facebook parent Meta’s major rollout of its new artificial intelligence assistant last week didn’t go so well. The […]
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Replaceable battery hybrid container ship project launched in Japan
Imoto Lines and Marindows aim to launch the 200-teu feeder vessel that aims to address the issues of decaronbisation, crew shortages and safe navigation for Japanese domestic shipping. The container vessel will feature Japan’s first exchangeable container batteries, alongside onboard batteries, and generators, and conduct demonstration experiments on the Kobe ~ Hiroshima service. It will […]