The first year of retirement is when dreams meet reality. For many new retirees, it’s also when costly financial mistakes can set the stage for decades of money problems. Aaron Channing has seen these mistakes firsthand. As a partner and private wealth advisor at Fortivus Wealth Group, a Northwestern Mutual Private Client Group, he works with clients navigating the transition from earning to spending their nest eggs. Be Aware: 6 Key Signs You’ll Run Out of Retirement Funds Too Early Read Next: 9 Downsizing Tips for the Middle Class To Save on Monthly Expenses The mistakes he sees aren’t just…
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The race to dominate the autonomous ride-hailing market is heating up. Waymo, Alphabet’s self-driving subsidiary, is not only pushing ahead with new technology but also proving its robotaxis can outperform most human drivers on Uber’s platform. The company has now deployed its sixth-generation vehicles for testing in Philadelphia, marking a key step in its Northeast expansion. Waymo Robotaxis Outpace 99% of Uber Drivers in Q2 Surge During Uber’s second-quarter 2025 earnings call, CEO Dara Khosrowshahi shared a striking update: Waymo robotaxis operating on the platform in Austin and Atlanta were more productive than 99% of Uber’s human drivers. These vehicles…
The demand for home loans decreased 1.4% for the week ending Aug. 15, according to the Mortgage Bankers Association. This dip comes after two straight weeks of mortgage applications increasing.The decrease comes despite mortgage interest rates dropping to their lowest in 10 months. The average rate on a 30-year fixed home loan was 6.58% for the week ending Aug. 14, according to Freddie Mac. That number was down again from 6.63% the prior week.The Market Composite Index, a measure of mortgage loan application volume, decreased 1.4% on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the…
Image source: Getty Images Passive income bring freedom. Imagine having money coming in without having to work for it. One way of doing this is by investing in a portfolio of FTSE 100 shares in a Stocks and Shares ISA. Every UK adult can invest up to £20,000 a year in an ISA. Most only use a fraction of their allowance, but using some is better than nothing. Even smaller sums can grow into a big pot over time. Let’s say an investor wants to generate income of £1,250 a month, which works out at £15,000 a year. That’s not…
Image source: Getty Images As the FTSE 100 continues its surge above 9,000 points, the biggest dividend yields are falling. It seems hardly any time since the index was headed by stocks offering yields over 10%. But previous leader Phoenix Group Holdings (LSE: PHNX) is now down to 8%. Taylor Wimpey (LSE: TW.) most catches my eye, on a forecast 9.3% yield. It got a boost from last year’s share price surge losing its way — the stock has fallen 40% in the past 12 months. Inflation back on the rise doesn’t help, and it could set the housebuilding recovery…
Labour is preparing to kick off a new wave of public-private partnerships (PPPs) in England to build the neighbourhood health centres at the heart of its NHS 10-year plan.Ministers will make a final decision in the autumn budget about whether to use the funding approach, which was put on pause eight years ago.But critics say lessons have not been learned about the pitfalls of PPPs, and point to the chaos unleashed by the 2018 collapse of the mega-contractor Carillion, with its complex portfolio of projects.While it was originally conceived under the Conservatives, Tony Blair’s Labour government made significant use of…
Image source: Vodafone Group plc On 18 January 2000, the BBC reported that Vodafone (LSE:VOD) shares had surged 6.7% on optimism that the group was going to be successful in its £79bn takeover bid for Mannesmann, a German conglomerate with a significant telecoms business. This pushed the group’s stock market valuation to £109.1bn, which was enough to lift it above BP. Just 15 years after it was formed, it had become the UK’s most valuable company. How times have changed. Today (20 August), it’s the 31st biggest. But its remarkable growth story didn’t end there. The company went on to…
Image source: Rolls-Royce plc Since August 2022, the value of Rolls-Royce Holdings (LSE:RR.) shares has soared by more than 1,200%. With all the hype surrounding the Magnificent 7 and the impact of artificial intelligence, it’s easy to overlook this remarkable performance. After all, Nvidia’s stock price has increased by ‘only’ 980% over the same period. Looking to the future We are told that share prices reflect the discounted future cash flows of a business. The consensus of analysts is for Rolls-Royce to have free cash flow of £4.49bn in 2028. With a current (20 August) stock market valuation of £89.3bn,…
Canada-based direct air capture (DAC) developer Deep Sky has started operations at its flagship Deep Sky Alpha plant… Source link
Image source: Getty Images One share in Lloyds Banking Group (LSE:LLOY) is now (20 August) worth nearly twice as much as it was in August 2020, when Covid-19 was wreaking havoc on the world. Someone clever enough to have invested £5,000 at the time would now be sitting on a stake worth £9,836. In addition, they would have picked up £1,285 in dividends. Overall, that’s a 122% return. However, the bank’s share price was relatively flat for much of this period. It’s only started to climb significantly since the start of 2024. With nearly all of its earnings being derived…