Any child with earned income from a job, babysitting, or mowing lawns can have a custodial Roth IRA, and you can contribute whatever they earned, up to the annual IRA limit. Money invested at 15 has half a century to compound tax-free. Open one the first summer your kid earns a paycheck.
Long-term real returns above 10% annualized are exceedingly rare.
Renewed anxiety over the Iran-US truce has lifted oil prices as risk concerns disrupt tanker traffic through the Strait of Hormuz. Analysts say markets are reacting to geopolitical uncertainty, which could feed through to higher petrol prices if shipping remains constrained. In the US, average petrol prices edged up to USD 3.80 per gallon. News…
The recent high-profile IPO of SpaceX, which famously utilizes dual-class shares to give Elon Musk nearly 85% control, has reignited debate over dual-class shares themselves, and whether they hurt or help shareholders. Some of the most revered and successful business builders have dual-class share structures at their companies, from Michael Dell at Dell to Warren…
As the market moves into late 2026, many investors are choosing between BigBear.ai (BBAI 0.75%) and SoundHound AI (SOUN 0.90%) to capture the next wave of growth in the artificial intelligence sector. While both companies specialize in machine learning, they serve very different markets. BigBear.ai focuses on decision intelligence for government and industrial supply chains,…
Sebi has allowed mutual funds to use intraday borrowing facilities to manage short-term liquidity mismatches arising from differences in market settlement timings. The new framework will come into effect from September 1, 2026. It will apply to all mutual funds, asset management companies, trustee companies, boards of trustees and AMFI. The circular replaces earlier guidelines…
A Greenwich, Conn.-based team with more than $1.7 billion in client assets is joining Wells Fargo Advisors from RBC Capital Markets, the wirehouse announced Tuesday. The Sheresky Samsen Group of Wells Fargo Advisors includes managing directors of investments Steven Sheresky and his brother Jeffrey and Jeffrey Samsen. Additionally, Steven’s son, Kenneth Sheresky, is on board…