Elon Musk says he has a new timeline for his big Mars project — and it’s sooner than you might think. “I’ll be surprised if we’re not landing on Mars within five years,” Musk told Time Magazine, about SpaceX taking humankind to Mars in a story published Monday. Musk, the 50-year-old SpaceX founder and CEO
Month: December 2021
In this article COLM CLBK The days of rock-bottom rates are nearly over. The central bank will aggressively unwind last year’s bond buying sooner than originally planned after recent reports on inflation continued to show a sharp rise in prices. While the Federal Reserve said Wednesday that interest rates will stay near zero for now,
You’ve just turned 72, you are feeling good, you are still working for a living and contributing to your 401(k) at work. Should you have to take RMDs from your 401(k)? Seventy-two is the age when you have to start taking required minimum distributions (RMDs) from your retirement accounts. “Age 72” replaced “age 70 1/2”
As the U.S. Senate postpones its vote on the Build Back Better Act (BBBA) into next year, it’s becoming increasingly clear that lawmakers’ attempt to enact almost every major program proposed by President Biden on a temporary basis — rather than prioritize a few key programs or find enough revenue to sustainably finance all of
When Eddy recently opened its third Los Angeles, Calif.-area co-living community, Eddy East Hollywood, the buzz centered on the company providing a cost-effective option for young Angelenos and LA transplants hard-pressed to find affordable apartments. But despite the fact Eddy East Hollywood opened at the start of the 2021-22 academic year, many overlooked a key
CNBC’s Jim Cramer said Tuesday investors need to confront a “new formula” for identifying winning stocks as long as Wall Street remains worried about the Federal Reserve tapping the brakes on the hot U.S. economy. “We have to get used to shrinking valuations for fast growers, especially the ones that trade on a price-to-sales basis,”
A trader works on the floor of the New York Stock Exchange (NYSE) in New York City, December 8, 2021. Brendan McDermid | Reuters U.S. stock futures were steady in overnight trading on Tuesday as investors readied for Wednesday’s highly anticipated Federal Reserve decision. Dow futures rose 15 points. S&P 500 futures were flat and
Elon Musk, CEO of Tesla and SpaceX, has consistently supported dogecoin, a meme-inspired cryptocurrency. He’s invested in it, along with bitcoin and ether, he said in October. But to Musk, dogecoin has an advantage over bitcoin and other cryptocurrencies: He sees dogecoin as the best cryptocurrency to transact with. “Fundamentally, bitcoin is not a good
Karen Tongson Courtesy: Karen Tongson Karen Tongson never imagined a moment when she wouldn’t be paying back her student loans. As a professor at the University of Southern California, the Los Angeles resident qualified for the public service loan forgiveness program but had heard too many stories of borrowers not getting the government’s promise of
True self-directed IRAs are becoming more popular among IRA owners. But the rules can be complicated and tricky. Two recent court cases show the risks of investing through self-directed IRAs can be extra taxes and penalties when all the rules aren’t followed. Many IRA custodians say they offer self-directed IRAs. In fact, most IRA custodians
Topline Billionaire Elon Musk fired back at comments from Sen. Elizabeth Warren (D-Mass.) on Tuesday, telling her to “stop projecting” and calling her “Senator Karen” a day after she criticized the Tesla CEO for not paying enough in taxes. Key Facts Musk—the second richest person in the world, according to Forbes—was named Time’s Person of
After a year of heavy losses, the travel industry is finally showing some signs of bouncing back — even as the emergence of the Covid-19 omicron variant has led some countries to tighten their borders again. Increased vaccination rates, pent-up demand and accumulated savings helped spur demand for global tourism through 2021 as nationwide lockdowns
Workers in front of the People’s Bank of China (PBOC) in Beijing, China, on Monday, Dec. 13, 2021. Andrea Verdelli | Bloomberg | Getty Images BEIJING — China’s retail sales missed expectations in November, while industrial production beat, the National Bureau of Statistics said Wednesday. Retail sales for November grew by 3.9% from a year
Since the start of the pandemic, billionaire health philanthropist Bill Gates has been a target for bizarre Covid conspiracy theories. Now, Gates says, those rumors and pieces of disinformation are keeping many Americans from getting vaccinated against Covid — and delaying the end of the pandemic by doing so. In a blog post last week,
A Falcon 9 rocket is displayed outside the Space Exploration Technologies Corp. (SpaceX) headquarters on January 28, 2021 in Hawthorne, California. Patrick T. Fallon | AFP | Getty Images A female former employee of Elon Musk’s SpaceX alleged in an essay published Tuesday that the space company’s workplace is “rife with sexism” and that its
Liu Guanguan | China News Service | Getty Images News that inflation rose to a historic high in November probably comes as no surprise to retirees. But they may be in for another shock when they receive their monthly Social Security checks in January. The Social Security Administration announced in October that beneficiaries will get
I’m getting letters from followers who are asking for guidance on the SECURE Act’s 10-year rule that applies to inherited IRAs. For example, there is confusion about whether the rule is retroactive (it is not). What’s the ‘10-year rule’? The 10-year date comes from the SECURE (Setting Every Community Up for Retirement Enhancement) Act, which
Aegis For Dreams sounds like it will be a great movie. It is about the relationship between Alexander Hamilton and George Washington and that relationship’s importance in the American struggle for independence. Lafayette another surrogate son of the childless Washington also plays an important role, which makes this member of the American Friends of Lafayette long to
Less than eight percent of people actually stick to their New Year’s resolutions each year, according to estimates cited by UAB Medicine, the University of Alabama’s medical school. Chances are excellent that you’re one of the 92% who won’t keep up with a healthy eating regimen, exercise program, organizing plan or spending quality time with
In this article AAL An airline employee walks past empty American Airlines check-in terminals at Ronald Reagan Washington National Airport in Arlington, Virginia, on May 12, 2020. Andrew Caballero-Reynolds | Getty Images American Airlines is planning to hire 18,000 workers in 2022, on top of thousands of new employees this year to cater to a
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