If 2024 was the year that traditional foreign automakers were shown the exit on China’s car market, 2025 looks to be the year that a few local electric car companies can solidify their leadership. “In China, [new energy vehicle] leaders such as BYD are likely to consolidate their market position further, while foreign brands fade,” … Read more
Marco Vdm | E+ | Getty Images Many employees have a health savings account, which offers tax incentives to save for medical expenses. However, most are still missing out on long-term HSA benefits, experts say. Two-thirds of companies offer investment options for HSA contributions, up 60% from one year ago, according to a survey released … Read more
Images By Tang Ming Tung | Digitalvision | Getty Images As some Americans struggle to save for retirement, key 401(k) plan changes could soon make preparing easier for certain workers, experts say. Enacted by Congress in 2022, “Secure 2.0” ushered in sweeping changes to the U.S. retirement system, including several updates to 401(k) plans. Some … Read more
Pt Stock | Moment | Getty Images When Americans measure success, they’re not often thinking about their net worth or account balances. About 59% of polled Americans say that happiness — specifically, the ability to spend money on things that make them happy — is the most important benchmark of success, according to a new … Read more
President-elect Donald Trump at a viewing of a test-flight launch of the SpaceX Starship rocket in Brownsville, Texas, Nov. 19, 2024. Brandon Bell | Getty Images News | Getty Images As Inauguration Day nears, investors are trying to unravel what booms or busts lay ahead under President-elect Donald Trump. Trump’s campaign promises — from tariffs … Read more
Mixetto | E+ | Getty Images As year-end approaches, you may be eyeing a donation to charity — and certain gifting strategies can boost your tax break, experts say. In 2023, U.S. charitable giving hit $557.16 billion, up roughly 2% compared to 2022, according to Indiana University Lilly Family School of Philanthropy’s annual report released … Read more
Xavierarnau | E+ | Getty Images If you’re retired and planning a year-end donation to charity, there’s a key move to maximize your tax break, financial experts say. Qualified charitable distributions, or QCDs, are direct transfers from an individual retirement account to a non-profit organization. Additionally, retirees can give more in 2024, according to … Read more
10’000 Hours | Digitalvision | Getty Images As families gather for Thanksgiving this year, money is one topic that likely won’t be discussed. Yet experts say it’s a perfect time to start the conversation, particularly with aging parents. More than half of Americans — 56% — say their parents never discussed money with them, according … Read more
U.S. President Joe Biden meets with President-elect Donald Trump in the Oval Office at the White House in Washington, U.S., November 13, 2024. Kevin Lamarque | Reuters Investors wondering if the presidential election may usher in a bad or good time for the stock market won’t find any easy answers looking at the past. One … Read more
Medianews Group/orange County Register Via Getty Images | Medianews Group | Getty Images It’s easy to swipe your credit card or send a check when donating to charity. But you could score a bigger tax break by gifting another asset. Some 34 million U.S. adults gave $3.1 billion for Giving Tuesday 2023, up by 0.6% … Read more