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The Federal Reserve's new chairman held a press conference where he bantered with reporters and laid out a vision for change at the central bank.
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Businesses looking for any relief from the cost of debt were left wanting more Wednesday.
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Tech giants are gobbling up memory chips for AI servers, leaving Apple with soaring component costs that Tim Cook says will inevitably be passed on to consumers.
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Apple CEO says price hikes are ‘unavoidable' as rising chip costs squeeze tech giant: report Fox BusinessApple boss Tim Cook says prices to rise due to memory chip costs BBCTim Cook says iPhone price increase is 'unavoidable' MashableApple to raise prices due to memory chip shortage, CEO tells WSJ Yahoo Finance
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The 5 passages of the US-Iran peace deal that worry critics the most: ‘Always tries to get more' New York PostOpinion | We Just Saw the Limit of American Military Might The New York TimesTrump in Defeat The AtlanticIran Is a Bigger Defeat Than Vietnam Foreign PolicyThe Middle East Power Paradox Foreign Affairs
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McDonald's new growth plan comes as inflation and high gas prices mean restaurants are competing for a smaller pool of customers.
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While oil prices have recently fallen on news that a peace deal between the U.S. and Iran could come, prices are still significantly higher than before the war.
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BMW AG is recalling nearly 700,000 vehicles in China due to coolant pump defects.
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I don't ignore my retirement accounts, but I consider myself mostly a set-it-and-forget-it investor. I prefer to pick an investment strategy, arrange automatic contributions and then sit back without tinkering much with my portfolio. For that reason, I used a target-date fund in my 401(k) when I had one (I'm self-employed now). My husband invests in a fund with a 2050 target date through his employer plan.
A target-date fund aims to create an appropriate investment mix for the investor's age and approximate retirement date. A fund designed for someone with many years until retirement includes a high proportion of stocks for growth. Over time, the fund regularly rebalances, allocating a greater percentage of assets to less-risky, income-producing investments, such as bonds, as retirement nears.
We're far from alone in our preference for target-date funds. Among 401(k) participants in their twenties, 54% of their assets were in target-date funds at the end of 2019, and investors in their thirties had 45% of assets in target-date funds, according to a study from the Investment Company Institute and Employee Benefit Research Institute. Many large employer plans automatically enroll employees and use target-date funds as the default investment choice.
SEE MORE PODCAST: The Pros and Cons of Target Date Funds with Tony Drake
Evaluating Your Plan.
Target-date funds are attractive for their simplicity. But if you're dissatisfied with your plan's target-date offerings or have the appetite to construct a customized portfolio, you can typically select among a menu of several other investment options. If you have decades to go until retirement, you may want to dedicate 80% to 90% of your portfolio to stocks. I
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