How Does Your Retirement Savings Compare To The Average ‘Upper Class’ Nest Egg? Here’s What The Top 20% Have SavedAre you on track for a comfortable retirement or falling behind? The numbers might surprise you.According to data from the Federal Reserve analyzed by The Motley Fool, the top 10% of Americans – those in the 90th to 100th net worth percentiles – have a median retirement savings of $900,000. That’s a pretty solid cushion. Meanwhile, those in the 75th to 89.9th percentiles come in with a median savings of $269,000.Don’t Miss:But what exactly qualifies as “upper class?” While there’s no…
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The competitive world for navigation apps has intensified, with underdogs like Magic Earth steadily gaining ground. Their commitment to continuous improvement and feature parity has forced larger players to adapt. Magic Earth’s latest update, 8.1.6, is a testament to this growth, introducing a highly sought after feature: GPX track support. This functionality, often overlooked by mainstream apps, empowers users to record and share their adventures beyond traditional routes. GPX tracks are essentially digital records of GPS coordinates, elevation data, and timestamps. They can be used for various purposes, including hiking, biking, running, and even sailing. By supporting GPX tracks, Magic…
Smoke rises after an Israeli airstrike hit the Tyre, in southern Lebanon on September 19, 2024. Anadolu | Getty ImagesHezbollah and Israel exchanged heavy fire into Sunday, as the Lebanese militant group sent rockets deep into northern Israeli territory after facing some of the most intense bombardment in almost a year of conflict.Hezbollah deputy chief Naim Qassem told mourners at the funeral of one of the group’s commanders killed last week in Beirut: “We have entered a new phase, the title of which is the open-ended battle of reckoning.”Israeli Defence Minister Yoav Gallant said operations would continue until it was safe…
This week in ESG news: ING ends financing for companies developing new oil and gas projects; Deloitte launches sustainability and AI workforce upskilling academies; MSCI launches carbon credit ratings; report finds companies are quietly accelerating climate action; Apple reduces carbon footprint of iPhone; investor coalition calls for mandatory climate reporting policies; Google, Microsoft, Meta announce carbon removal purchase deals; BlackRock and Microsoft partnership looks to raise $30 billion for AI infrastructure and energy investments; BCG survey finds companies seeing big benefits from using AI in decarbonization efforts; ERM launches carbon credit sourcing platform; Morgan Stanley invests in ESG risk management…
While the American automotive world of the 1960s is often associated with the iconic muscle car V8s that powered everything from pony cars to family sedans, there’s another engine that deserves recognition: the GM Twin Six. This colossal V12, a unique and often overlooked piece of automotive history, stands as a testament to the era’s obsession with displacement and power. While it never graced the hood of a passenger car, the Twin Six remains a fascinating example of engineering ingenuity and a departure from the more familiar V8-dominated era. The Twin Six, a behemoth of an engine, was renowned for…
Image source: Getty Images Dividend shares can be a great source of passive income. But if you’re over 50, you need to be selective with your stock picks to minimise risk. Here, I’m going to highlight two dividend payers I think could be well suited to those aged over 50. Both offer attractive yields today but also have the potential to generate decent capital gains over the long run. A London-based property company First up we have Workspace Group (LSE: WKP). It’s a real estate investment trust (REIT) that offers flexible office space solutions across London. The dividend here’s attractive.…
A classic car’s allure is subjective, with many enthusiasts debating the merits of unrestored originals versus pristine restorations. For some, the patina of age is a testament to history, while others crave the showroom’s fresh shine. This 1967 Ford Mustang, however, offers the best of both worlds: a meticulously restored beauty that has been in the same family for over five decades. Originally purchased by Clark as a teenager in 1967, the Mustang was a cherished companion for years. However, as life unfolded, family and responsibilities took precedence, leading to the car’s retirement. Despite decades of neglect, Clark refused to…
By Alexandra Valencia QUITO (Reuters) – Ecuador’s government has announced the suspension of electricity service for nine hours on Sunday in 12 of the Andean nation’s 24 provinces and placed 19 areas on red alert due to a drought that has reduced the water levels of hydroelectric plants. The blackout in the provinces will be from 8:00 a.m. local time until 5:00 p.m., the Ecuadorian presidency said in a statement released Saturday night on X. It is in addition to the government’s plans announced on Tuesday for eight-hour nightly power cuts nationwide from Monday to Thursday. Ecuador is gripped by…
The hype has worn off VinFast, with its stock spiraling lower since its IPO a little over a year ago. But why have investors been backing off recently? VinFast Auto (VFS -7.58%) was an intriguing investment from the get-go. At a time when investors are flipping over every rock to find the next Tesla, VinFast dominated its home Vietnam market, offered compelling cost advantages, and had state-of-the-art production facilities, and a very wealthy backer and founder. The electric vehicle (EV) maker also had extensive plans to expand into Europe and the U.S. markets. The hype has faded, however, and recently…
In This StoryThe movie theater industry is staging a comeback. A strong summer box office is paving the way for billions of dollars in planned investments for upgrades at theaters across the country.Uber delivery partnership sends Darden Restaurants stock cruising higherCinemas have faced a tough decade so far. First, the industry was hit by the pandemic in 2020 that prohibited audiences from gathering at cinemas for months. Then, the dual Hollywood strikes in 2023 slowed down film production, stalling any momentum theaters had in getting people back in seats, especially in the earlier part of the year.With these disruptions now…