There are more 401(k) millionaires than ever, Fidelity says
Total average 401(k) savings rates grew slightly to 14.2%, thanks to employee and employer contributions remaining at last quarter’s record levels, Fidelity said.
Dual language immersion programs associated with more reading growth for ELs
English learner students who are economically disadvantaged, have certain disabilities, live with a guardian or foster parent, and are frequently absent from school are associated with worse academic performance on the National Assessment of Educational Progress' reading and math sections.
Bitcoin falls below $60,000 because crypto whales are dumping it
Additionally, another 30,000 Bitcoin tokens, worth $1.88 billion at current rates, were moved from a cold wallet to the Binance crypto exchange on Tuesday, as reported by Whale Alert.
This week’s most fabulous real estate listings
Built in 1933, this Sunset Strip estate evokes the magic of Old Hollywood, with luxurious features including a pool, a library, butler’s pantries, a formal dining room and housekeeper’s quarters.
Canada wants to slap massive tariffs on Chinese EVs as BYD looks to enter the market
Canada’s action comes after BYD disclosed it had hired lobbyists to advise on entering the country’s market and met with Canadian dealers about setting up local dealerships, according to Automotive News.
Southwest Airlines changes are too little too late, activist investor Elliott says
Last week, Southwest itself noted in a securities filing that it has also started funding digital ads to promote its defensive campaign, which enlisted an op-ed from former United Airlines CEO Oscar Munoz.
The second-largest diamond ever was just uncovered in Botswana
Lucara’s chief executive William Lamb said that the company invested in the technology after they began to uncover large quantities of smaller diamonds that appeared to resemble “chewed glass.” It became apparent that there were larger gemstones getting damaged during the retrieval process, the New York Times reported.
Walmart and Target are winning the inflation economy’s endgame
Micahel Zakkour, chief strategist at business consulting firm 5 New Digital, said consumers are currently “looking for better experiences, small luxuries, deals on staples and a bit of travel over big ticket items and projects.”
Americans think they need $2.5 million to be wealthy
Younger Americans in particular are expecting the costliest retirement, with Gen Z and millennials projecting that they’ll need more than $1.6 million to live comfortably once they’re in their sunset years.
Trump Media stock will ‘go to zero’ if Donald Trump loses the election, expert says
To be sure, Trump Media shares spiked following his debate performance against President Biden in June, and after last month’s assassination attempt at a campaign rally in Pennsylvania.
Lucid has ‘without a doubt’ surpassed Tesla as the EV industry’s tech leader, CEO says
In an interview with The Verge at the Pebble Beach Concours d’Elegance, Rawlinson said the first Gravity buyers should get their SUVs by the end of 2024, with full production at the company’s factory in Arizona launching through the beginning of 2025.
Bitcoin miners are scooping up their rivals to survive the Bitcoin halving
In June 2024, Nvidia-backed cloud provider CoreWeave made an all-cash acquisition offer to buy Core Scientific, valuing the company at $1.02 billion, or $5.75 per share.