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By Lucy Lazarony, Next Avenue Many Americans in their 50s don’t have nearly enough savings set aside for retirement. How bad is the shortfall? According to Prudential’s 2024 Pulse of the American Retiree survey, with just a decade until the traditional retirement age, 55-year-old Americans have less than $50,000 in…

Mortgage rates decreased a bit this week, remaining uncomfortably high for many would-be buyers but hitting their lowest point in months. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed that the average rate on the benchmark 30-year fixed mortgage fell to 6.73% this week from 6.78% last week. The…

Written by Nick Ackerman, co-produced by Stanford Chemist Looking for high-yield opportunities can be a focus for many income-hungry investors in the closed-end fund space. However, just trying to buy whatever the highest-yielding investment out there is often not a great strategy. It can end up costing investors more in…

Stay informed with free updatesSimply sign up to the Artificial intelligence myFT Digest — delivered directly to your inbox.Nvidia’s rivals are mobilising in an effort to break the company’s stranglehold on the AI chip market, raising hundreds of millions of dollars and rolling out new products as they look to…

Former Democratic Rep. Tulsi Gabbard and Robert F. Kennedy Jr. have both been added to Donald Trump’s transition team. Both endorsed Trump in recent days. “As President Trump’s broad coalition of supporters and endorsers expands across partisan lines, we are proud that Robert F. Kennedy Jr. and Tulsi Gabbard have…

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