Retirement Savings & 401(k) - Vanguard's research indicates that nearly 5% of 401(k) participants made early withdrawals in 2024 [1] - Early 401(k) withdrawals typically incur a 10% penalty in addition to income taxes [1] - The top two reasons for early withdrawals are to avoid eviction and to pay for medical expenses [1] - Vanguard's data shows that 8 out of 10 workers are saving for retirement, with a savings rate of 12% [1] - One in three workers tend to cash out their entire 401(k) balance when they change jobs, especially those with fluctuating incomes like gig economy and hourly workers [1] - Having an emergency savings of around $2,000 can significantly reduce the likelihood of cashing out 401(k) accounts [1] - Fidelity suggests that by age 67, individuals should have at least 10 times their annual income saved for retirement [47] Housing Market - Canceled home sales are up about 1 percentage point year-over-year, reaching approximately 15% [2] - Canceled sales have increased from about 11% during the peak of the market in 2021 to 15% currently [2] - Sellers with low interest rates (e g, 3%) and high equity may choose to delist their homes if they cannot achieve their desired price [2] Personal Savings Trends - A Nerd Wallet survey reveals that nearly half of Americans have set at least one savings goal for the year [5] - "No Buy 2025" involves eliminating non-essential spending for a set period [6] - "Revenge Saving" is a trend where individuals aggressively save to compensate for past overspending [7] - "Cash Stuffing" is a budgeting method where cash is allocated to different spending categories [7][8] - Many Americans are dissatisfied with their savings from 2024 and are seeking ways to regain control of their finances [11] Medicare & Healthcare Costs - Medicare Part B premiums are projected to increase by more than 11% in 2026, marking the sharpest single-year increase in nearly a decade [17] - The Medicare trustees report predicts that Medicare Part A will be bankrupt in 2033, or potentially as early as 2029 in a worst-case scenario [20] - Experts suggest planning for at least a 10% annual increase in Medicare Part B premiums for the foreseeable future [33] - Medicare Part D prescription drug prices are expected to skyrocket in 2026 [35]

We knew that August 1st was the deadline for some tariffs to go into effect. That deadline for many of those tariffs is now August 7th, but in some cases they are higher than the market had been anticipating. President Trump unveiling a new slate of new tariffs in his effort to reshape global trade.The baseline rates for many trading partners will remain unchanged at 10% from the duties that Trump imposed in April. But Canada will face a 35% tariff. Switzerland 39%.The moves mark a sharp increase in levies, ...

We see AI as one of the most profound technologies of our lifetime. We are embedding it across our devices and platforms and across the company. We are also significantly growing our investments.Our users are able to run generative AI models right on their Mac, iPad, and iPhone. We're excited about the work we're doing in the space. Apple is investing 500 billion in the US, driving innovation and creating jobs in cutting edge fields like advanced manufacturing, silicon engineering, and artificial intelligen ...

July jobs report comes in below expectations. Non-farm payrolls came in at 73,000 which was much lower than the 104,000 whch was expected. Also there was a major downward revision to the June and May jobs reports. June was cut from 147,000 to just 14,000. May's job gains were revised down to 19,000 from 144,000. President Trump outlines sweeping new tariff rates, ranging from 10-40% for dozens of trading partners. Our panel breaks down the details. For more videos of Morning Brief, please visit: https://fin ...

Hello and welcome to Morning Brief Market Sunrise. I'm Raman Karamali live from Yahoo Finances Studios in London. It's Friday 1st August. Coming up on the show, it's trade deadline day and President Trump announced sweeping tariffs hitting the likes of Canada, Taiwan, and Switzerland. We had more big tech earnings overnight. Both Apple and Amazon beat expectations, but one saw their share price tumble. And we have the details of an IPO that has flown out of the door. So, grab your coffee and let's own the m ...

The US added 73,000 jobs in July, a big miss from the 104,000 that economists were expecting. Unemployment also ticked up to 4.2% as estimated. Interactive Brokers chief strategist Steve Sosnick, Citi economist Veronica Clark, UBS Global Wealth Management head of taxable fixed income strategy Leslie Falconio join Morning Brief with Julie Hyman to discuss the numbers. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here: https://finance.yahoo.com/videos/se ...

Labor Market & Monetary Policy - The Federal Reserve (Fed) closely monitors the unemployment rate as a key statistic influencing monetary policy [1] - An unexpected rise in the unemployment rate, potentially to 4-6% or 4-7%, could prompt the Fed to consider a rate cut due to its dual mandate [1] - Unlike other central banks, the Fed's dual mandate makes it particularly sensitive to changes in the unemployment rate [1] Economic Impact of Tariffs & AI - The full impact of tariffs is yet to be realized, with final outlines of deals and sectoral tariffs still unfolding [2] - Companies are increasingly deploying AI, leading to CEOs reporting the ability to limit or reduce hiring [2]

The NFL just revealed jaw-dropping revenue numbers, and they’re not done making moves. A potential deal with ESPN could shake up sports media. On this episode of Yahoo Finance Sports Report, host Joe Pompliano also reveals how LIV Golf is raising the stakes with massive new payouts, and Caitlin Clark just smashed another record - this time off the court! Then, MLS's Chris Schlosser talks about the soccer league's embrace of streaming platforms and cutting-edge technology to expand the reach of the sport. Pl ...

Amazon (AMZN) beat on earnings and revenue for the second quarter, but the stock is slipping in after-hours trading. Wedbush Securities managing director of equity research Scott Devitt joins Market Domination to explain why Wall Street isn't wowed so far despite solid numbers. Apple (AAPL) delivered a solid third quarter, beating expectations on iPhone sales. CFRA Research senior equity analyst Angelo Zino joins Asking for a Trend to break down how new import duties could push iPhone prices higher this fal ...

Hello and welcome to Asking for a Trend. I'm Josh Lipton. For the next half hour, we are breaking down the trends of today that'll move stocks tomorrow.We've got key earnings reports on deck and we're bringing you all of that live breaking data. Uh just now, Apple's third quarter earnings, they are crossing the wire just moments ago. Let's get you those numbers with the stock popping at least initially here.Q3 EPS looks like 157 versus estimates of 143. I see uh revenue 94.04% billion versus an estimate of ...