Business News

Evaluating Retirement Savings: Benchmarking Investment Goals by Age 65

A Data-Driven Look at Retirement Preparedness and Financial Planning Strategies

Retirement saving varies widely among individuals, with expert guidelines suggesting target savings multiples at various age milestones. Data from fin...

Trump Signals Possible New Measures on Mexico Amid Drug Trafficking Concerns

Following a U.S. operation targeting Venezuelan leadership, President Trump highlights challenges posed by Mexican drug cartels and the need for action

President Donald Trump discussed the issue of drug trafficking from Mexico into the United States, referencing a recent U.S. operation that led to the...

Challenges Loom Over US Efforts to Revive Venezuela’s Oil Industry

Trump's vision for American firms to restore Venezuela’s oil production faces significant political and operational hurdles

President Donald Trump envisions a resurgence of Venezuela's oil industry led by major US companies following the capture of Venezuelan President Nico...

Challenges Loom for US Oil Firms in Revitalizing Venezuela's Energy Sector

Rebuilding Venezuela's oil capacity presents substantial financial, technical, and political hurdles despite vast reserves

The prospect of American oil companies rebuilding Venezuela's significant but deteriorated oil infrastructure is fraught with complexity. Despite havi...

Understanding the Realities of Social Security: Planning Beyond the Program

Despite Financial Challenges Ahead, Social Security Remains a Key Retirement Pillar, But Personal Savings Are Essential

Recent financial assessments highlight looming funding gaps for Social Security, particularly its Old-Age and Survivors Insurance Trust Fund, yet the ...

Elon Musk Commends Donald Trump Following Venezuelan Leadership Change

Tesla CEO regards recent political developments as a triumph over authoritarianism

Elon Musk publicly applauded President Donald Trump on the social platform X following Trump's administration's success in capturing Venezuelan Presid...

2026 Medicare Advantage Benefit Restrictions Narrow Coverage Options

New CMS regulations limit certain supplemental services previously covered by Advantage plans for chronically ill enrollees

Starting in 2026, Medicare Advantage (MA) plans face new federal restrictions that curtail coverage of specific supplemental benefits authorized under...

2026 Social Security Cost-of-Living Adjustment: What It Means for Benefits Above the Average

Beneficiaries with higher payments to see larger dollar increases, but overall purchasing power remains steady

All Social Security retirees are set to receive an increase in their monthly benefits in 2026 due to a cost-of-living adjustment (COLA) of 2.8%. Benef...

Evaluating the Pros and Cons of Owning a Home During Retirement

A closer look at financial and practical implications of homeownership for retirees

Homeownership remains a common goal for many Americans as they approach retirement, yet it carries both advantages and financial challenges. While own...

Global Equity Markets Outperform US Stocks in 2025 Amid AI Advances and Fiscal Stimulus

International indices far exceed US gains driven by technology surges in Asia and defense spending in Europe

The year 2025 witnessed significant gains in global equity markets, with stocks outside the United States delivering notably higher returns than their...

Venture Capitalist Criticizes California's Newly Implemented Battery Fee

Chamath Palihapitiya expresses doubts over allocation of funds from the state's lithium-ion battery surcharge

Chamath Palihapitiya, a notable venture capitalist, voiced skepticism towards California's recently enacted 1.5% battery fee, capped at $15, designed ...

Venezuela's Economic Struggles Amidst the World's Largest Oil Reserves

Examining the Disparity Between Venezuela’s Vast Oil Wealth and Its Financial Crisis

Despite possessing the world's largest crude oil reserves, Venezuela's economy faces a dire crisis with minimal oil export revenues. Multiple systemic...