At 26, She Cashed Out $60,000 From Her 401(k) For Fast Food And Band Merch. Financial Auditor Tells Her '$60,000 Would Have Been $1 Million'
Yahoo Finance· 2025-11-07 16:46
Core Insights - The article discusses the financial struggles of a 27-year-old retail manager, Presley, who cashed out her $60,000 401(k) to pay off debt and indulge in personal expenses, ultimately leading to significant financial loss [1][2]. Financial Behavior - Presley earns approximately $67,000 annually, translating to about $4,300 monthly after taxes, yet her spending habits exceed her income [2]. - She spends between $5,000 and $7,000 each month, with minimum debt payments exceeding $2,000 monthly [5]. Debt Situation - After cashing out her retirement fund, Presley accumulated over $70,000 in debt, including more than $20,000 in high-interest credit card debt, a $31,000 car loan, and about $8,600 in student loans [3][4]. - Despite multiple debt consolidations, she continues to find herself in a similar financial position [3]. Spending Justifications - Presley attributes her spending to stress and convenience, often justifying her emotional spending as "deserved" rewards [4]. - She has sold $7,000 in stocks to cover bills and attend concerts, indicating a pattern of using investments to fund lifestyle choices [4].
Why Shares of NuScale Power Are Plummeting Today
Yahoo Finance· 2025-11-07 16:44
Key Points NuScale Power reported lower Q3 2025 revenue than analysts had expected. Goldman Sachs slashed its price target 13% on NuScale Power stock. Investors averse to risk may feel more comfortable with a position in a nuclear energy ETF. 10 stocks we like better than NuScale Power › Shining brightly on growth investors' radars, NuScale Power (NYSE: SMR) has seen its stock outperform the S&P 500 (SNPINDEX: ^GSPC) this year due to a resurgence of U.S. interest in nuclear energy. Today, however ...
Gainey McKenna & Egleston Announces A Class Action Lawsuit Has Been Filed Against Inspire Medical Systems, Inc. (INSP)
Globenewswire· 2025-11-07 16:44
NEW YORK, Nov. 07, 2025 (GLOBE NEWSWIRE) -- Gainey McKenna & Egleston announces that a securities class action lawsuit has been filed in the United States District Court for the District of Minnesota on behalf of all persons or entities who purchased or otherwise acquired Inspire Medical Systems, Inc. (“Inspire” or the “Company”) (NYSE: INSP) securities between August 6, 2024 and August 4, 2025, inclusive (the “Class Period”). The Complaint alleges that Defendants made false and/or misleading statements and ...
Affirm CEO says furloughed federal employees are starting to lose interest in shopping
CNBC· 2025-11-07 16:43
Affirm CEO Max Levchin said Friday that while the buy now, pay later firm isn't seeing credit stress among federally employed borrowers due to the government shutdown, there are signs of a change in shopping habits."We are seeing a very subtle loss of interest in shopping just for that group, and a couple of basis points," Levchin told CNBC's "Squawk on the Street."At least 670,000 federal employees have been furloughed in the shutdown, and about 730,000 are working without pay, the Bipartisan Policy Center ...
Strategy Raises $715 Million in Europe to Buy More Bitcoin
Yahoo Finance· 2025-11-07 16:42
Strategy’s latest offering is expected to generate $715 million in proceeds, as it taps foreign markets for the first time, the Bitcoin-buying firm said in a blog post on Friday. Earlier this week, the Tysons Corner, Virginia-based company unveiled its Perpetual Stream Preferred Stock, or STRE, a preferred share that’s denominated in euros and designed to pay regular dividends. It follows Strategy’s introduction of four other preferred stocks this year. Unlike Strategy's other preferred shares, which became ...
Li Bang International Announces Its Audited Financial Results for Fiscal Year Ended June 30, 2025
Globenewswire· 2025-11-07 16:42
JIANGYIN, China, Nov. 07, 2025 (GLOBE NEWSWIRE) -- Li Bang International Corporation Inc. ("Li Bang International") and its subsidiaries (collectively, the "Company," "we," "us," "our company," or "Li Bang") (Nasdaq: LBGJ), a company engaged in designing, developing, producing, and selling stainless steel commercial kitchen equipment in China, today announced its audited financial results for the fiscal year ended June 30, 2025. Highlights for Fiscal Year Ended June 30, 2025 Total revenue increased 2.9% to ...
Is It Time to Buy Astera Labs Stock After Its Q3 Earnings Beat?
ZACKS· 2025-11-07 16:41
Key Takeaways Astera Labs' Q3 revenues jumped 104% YOY to $230.6 million, beating estimates.Non-GAAP EPS rose 113% to $0.49, with operating margin expanding to 41.7% on strong AI platform demand.ALAB's growing partnerships and diversified product lines reinforce its leadership in AI connectivity.Astera Labs (ALAB) , a leading provider of semiconductor-based connectivity solutions powering rack-scale AI infrastructure, reported its third-quarter 2025 results on Nov. 4.The company’s quarterly results surpasse ...
Bet on These 4 Top-Performing Liquid Stocks to Maximize Returns
ZACKS· 2025-11-07 16:41
Key Takeaways Stocks like EVER, FOLD, CBOE and LRCX were screened for strong liquidity and asset efficiency.The screen narrowed 7,700 stocks to eight, with these four meeting strict efficiency and growth criteria.Each stock also boasts higher asset utilization than its industry average and solid growth attributes.Investors seeking solid gains should consider adding stocks with strong liquidity, which promotes business expansion. Liquidity indicates a company’s ability to fulfill short-term debt obligations. ...
Trade Desk Q3 revenue beats, earnings and outlook in line with estimates
Proactiveinvestors NA· 2025-11-07 16:40
About this content About Sean Mason Sean Mason is a Senior Journalist at Proactive, having researched and written about Canadian and US equities for 20 years. Sean graduated from the University of Toronto with a BA in history and economics and has also passed the Canadian Securities Course. He previously worked at Investors Digest of Canada, Stockhouse, and SmallCapPower.com. Read more About the publisher Proactive financial news and online broadcast teams provide fast, accessible, informative and action ...
Microchip Customers Still Holding Back On Chip Orders, Rebound Coming In 2026 Says Analyst
Benzinga· 2025-11-07 16:40
Microchip Technology Inc. (NASDAQ:MCHP) posted upbeat third-quarter results, signaling improving demand despite ongoing customer caution on inventory restocking. The company's backlog and steady booking growth point to renewed momentum in early 2026.JP Morgan analyst Harlan Sur maintained an Overweight rating on Microchip with a price forecast of $77.Also Read: Microchip Technology Analysts Increase Their Forecasts After Better-Than-Expected Q1 ResultsSur said Microchip delivered a solid September quarter, ...