A few months of market swings have taken a toll on retirement savers.The average 401(k) balance fell 3% in the first quarter of 2025 to $127,100, according to a new report by Fidelity Investments, the nation’s largest provider of 401(k) plans.The average individual retirement account balance also sank 4% from the previous quarter to $121,983, the financial services firm found. Still, both 401(k) and IRA balances were up year over year.The majority of retirement savers continue to contribute, Fidelity said. The average 401(k) contribution rate, including employer and employee contributions, increased to 14.3%, just shy of Fidelity’s suggested savings rate…
Author: usaeverydaylife
LinkedIn CEO Ryan Roslansky speaks at the Concordia Annual Summit in New York on Sept. 20, 2021. in New York City.Riccardo Savi | Concordia Summit | Getty ImagesMicrosoft is giving LinkedIn CEO Ryan Roslansky a bigger job, expanding his role to include oversight of Office productivity software, CNBC has learned.Roslansky, who took over LinkedIn five years ago, is becoming executive vice president of Office, reporting to Rajesh Jha, Microsoft’s executive vice president for experiences and devices, according to a person familiar with the matter. Microsoft CEO Satya Nadella informed employees about the change in an email on Wednesday, said the…
If you’ve just taken the top job, Nissan’s new CEO Ivan Espinosa has some advice for you.Espinosa steps into the role at a turbulent time for the global auto industry — with slowing EV sales, intensifying competition from China, and new tariffs threatening profits.”Keep the optimism up, because the environment is very tough, and you don’t want to get overwhelmed,” Espinosa told CNBC on Wednesday. “If you get overwhelmed, you can paralyze — and paralysis is not what you need in the current environment. You need to keep moving.”And it’s not just the auto world. Across sectors, CEOs are under…
Oracle (ORCL) is undergoing a resurgence fueled by its leadership in artificial intelligence services and robust growth in Oracle Cloud Infrastructure (OCI). With OCI emerging as a preferred platform for AI workloads, Oracle has secured major partnerships like the $500 billion Stargate project with OpenAI and SoftBank, positioning it as a key player in the AI revolution. ORCL’s attractive valuation, strong profitability and recent breakout signal suggests significant upside potential — making it a compelling candidate for bullish exposure in a market recovery. Trade timing The timing for adding bullish exposure to ORCL is optimal, as the stock recently broke…
President Donald Trump’s pledge to double tariffs on steel and aluminum imports to 50% took effect Wednesday – the latest twist in the trade saga that has defined the stock market this year. We don’t own the stocks of any steel or aluminum producers — Nucor is in our Bullpen — but we stay on top of the moves in commodity prices because they often represent material input costs for companies across sectors of economy. Therefore, it’s the perfect opportunity to delve into how a tariff works, who may benefit, and determine the actual costs. We broke it all down…
George Kurtz, chief executive officer of Crowdstrike Inc., listens during an interview in San Francisco, California, U.S., on Wednesday, Sept. 25, 2019. Michael Short | Bloomberg | Getty ImagesShares of CrowdStrike slumped more than 6% Wednesday morning after the cybersecurity company issued lackluster revenue guidance for the current quarter.The security software maker said it expects revenue to range between $1.14 billion and $1.15 billion this quarter, falling short of the $1.16 billion estimate from analysts polled by LSEG. CrowdStrike called for adjusted earnings per share between 82 cents and 84 cents for the quarter, versus an LSEG estimate of adjusted earnings of…
The Swiss National Bank (SNB) in Bern, Switzerland, on Thursday, Dec. 12, 2024.Stefan Wermuth | Bloomberg | Getty ImagesU.S. President Donald Trump’s trade policies have rocked global equities in recent weeks, driving investors to seek out pockets of safety in financial markets.One of the beneficiaries of the market volatility has been the Swiss franc, widely seen as a safe haven asset in times of macroeconomic or geopolitical uncertainty. The Swiss currency has appreciated 10% against the U.S. dollar since the beginning of the year – but inside Switzerland’s borders, rising demand for the franc is stirring up challenges for policymakers.The…
As a new trading month kicks off, analysts from Jefferies shared their top stock picks heading into the summer. Uncertainty over tariff policy was the theme that dominated markets to start the year. But stocks saw a rebound in May, with the S & P 500 adding 6.2% and posting its best month since November 2023. Investors are divided on where the market could go from here. On the more optimistic end, Fundstrat Global Advisors’ Tom Lee said that the April sell-off has ” rebirthed the new bull market .” But Evercore’s Julian Emanuel seemed less certain, pointing to historical…
A nationwide coordinated crackdown on retail crime — what authorities are calling the first of its kind — led to hundreds of arrests in 28 states last week.The blitz, led by Illinois’ Cook County regional organized crime task force, involved more than 100 jurisdictions and over 30 retailers including Home Depot, Macy’s, Target, Ulta Beauty, Walgreens, Kroger and Meijer.”When you give specific focus to a crime, it reverberates,” Cook County Sheriff Tom Dart told CNBC. “When they see it is being prosecuted and taken seriously, it deters conduct. They don’t want to get caught.”Organized retail crime — a type of…
U.K., abstract of glass and steel built office towers in the London financial district.Shomos Uddin | Moment | Getty ImagesBERLIN – At the world’s largest gathering of private equity professionals, the buzz around opportunity in Europe is undeniable, in a sharp reversal of sentiment from this time last year.That shift comes amid subdued dealmaking, depressed new listings on public markets and stuttering returns, coupled with U.S. President Donald Trump’s volatile policymaking stateside.Blair Jacobson, co-president of private equity firm Ares Management, told the SuperReturn conference in Berlin on Wednesday that there was a “feeling right now that European markets are very…
