A retiree's age can be related to how much they spend — and nearly half of retirees say they retired earlier than expected. A new part from Go Bank rates with statistics from Bureau of Labor Statistics (BLS) shows a difference in the spending of young and old retirees and reveals the average income of…
Read More
The SEC fined two investment advisory firms for misleading statements about their artificial intelligence capabilities, which SEC Chairman Gary Gensler deemed a form of “AI laundering.” “We've seen time and time again that when new technologies emerge, they can create hype from investors as well as false claims from those who claim to use those…
Read More
A collective stake of $418 million solution by the National Association of Realtors (NAR) is set to change the way real estate agents are paid and shake up the industry as a whole. The deal, which was finalized on Friday, takes effect in July and was sparked by class-action lawsuits accusing the realtors of having…
Read More
(Bloomberg) — To pass the CFA exams and put the letters “CFA” on your resume, at least 900 hours of study are is recommended. Hitting the books for 300 to 400 hours is Suggested for the certified public accountant exam, which is usually taken by prospective CPAs who have completed an undergraduate degree in the…
Read More
The goal is to add more staffed checkout lanes and limit self-checkout to 10 items per customer. The company, which has more than 2,000 locations in the US, announced that the change will take effect over the weekend. “Checkout is one of Target's most important moments, and we know that a quick and easy experience—whether…
Read More
M1 Finance will pay $850,000 to settle FINRA allegations that social media influencers paid by the firm made misleading or exaggerated claims to lure investors, the broker/dealer regulator announced. RESIDENCE is the first enforcement action resulting from a previously announced targeted examination of firms' oversight of paid social media influencers. Connected: FINRA targets firms' social…
Read More
Elon Musk, founder of OpenAI competitor xAI, announced Last week, xAI would open source the AI model behind its rival ChatGPT Grok. Sunday, xAI releasing the raw AI core model, Grok-1, to the public. The company specified that Grok-1 was “trained from scratch” on a “large amount of text data, not fine-tuned for any particular…
Read More
(Bloomberg) — Americans who enjoyed capital gains from a stock market rally or interest from high-yield savings accounts in 2023 may have some surprises waiting for them on their tax bill. This is showing as one of the main topic of this year's tax filing season. But there are even more considerations that taxpayers should…
Read More
Opinions expressed by Entrepreneur contributors are their own. in business, ENDURANCE it has emerged as a necessity rather than a regrettable afterthought. It is described as the ability to bounce back from challenges, whether based on adversity, conflict or failure. However, I believe that resilience extends beyond personal abilities. A truly resilient company cultivates collective…
Read More
Years ago, when company stock in 401(k) plans was a hot topic, I visited a publicly traded bank in western Pennsylvania that was facing a dilemma. Senior executives, also members of their 401(k) retirement committee, knew there was a big announcement that would negatively impact the bank's stock price. As ERISA fiduciaries, they asked me…
Read More