Mascot | Mascot | Getty Images The ranks of employers offering a Roth savings option to 401(k) investors continue to grow, giving more workers access to its unique financial benefits. About 88% of 401(k) plans allowed employees to save in a Roth account in 2021, up from 86% in 2020 and 49% in 2011, according …
88% of employers offer a Roth 401(k). How to profit Read More »
The Federal Reserve’s heavily telegraphed decision to ease its pace of monetary policy tightening next week risks sending a message to markets that the central bank is on track to bring inflation under control and steer the economy toward a soft landing. Investors would do well to reevaluate. Regardless of the Fed’s pace of monetary …
Other economic signs point to a recession and higher interest rates Read More »
2016 Jeep Cherokee Sport Source: Jeep DETROIT – Stellar said Friday it plans to idle a Jeep plant in Illinois indefinitely, starting early next year, to cut costs by investing in electric vehicles. The transatlantic automaker, formerly known as Fiat Chrysler, said the plant would cease production from February 1. 28. The more than 1,200 …
Stellantis idles Jeep factory, lays off workers to cut EV costs Read More »
Stocks posted large gains on Wednesday after Federal Reserve Chairman Jerome Powell confirmed that the central bank would slow the pace of its aggressive rate hike campaign that has weighed on markets. The Dow Jones Industrial Average closed up 737.24 points, or 2.18%, at 34,589.77. Meanwhile, the tech-heavy Nasdaq Composite jumped 4.41% to 11,468.00. The …