You don’t need to be a ‘Silicon Valley entrepreneur’ to be rich, financial advisor says. Here’s how to retire a millionaire

Key Points

Almost anyone can save $1 million for retirement, according to financial advisors.
There have been thousands of new 401(k) plan and individual retirement account millionaires this year, according to Fidelity Investments.
Starting early is key, advisors say. This lets investors harness the power of compound interest.

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Finance

Fed considering changes to what constitutes a ‘well-managed’ bank

July 10, 2025

The Federal Reserve building is seen before the Federal Reserve board is expected to signal plans to raise interest rates in March as it focuses on fighting inflation, in Washington, D.C., on Jan. 26, 2022. Joshua Roberts | Reuters The Federal Reserve is taking another step toward easing regulation for big financial institutions, this time […]

Finance

Stocks making the biggest moves midday: MP Materials, Delta Air Lines, WK Kellogg, Hertz & more

July 10, 2025

Check out the companies making the biggest moves midday: MP Materials — The rare earth miner soared more than 47% after the company announced the Defense Department would buy $400 million in preferred stock . “We remain a thriving public company. We now have a great new partner in our economically largest shareholder, DoD, but […]

‘YOLO’-buying EVs: As ,500 tax credit ends, consumers may rush to cash in. Here’s how to get a good deal

Finance

‘YOLO’-buying EVs: As $7,500 tax credit ends, consumers may rush to cash in. Here’s how to get a good deal

July 10, 2025

Key Points President Donald Trump’s so-called “big beautiful bill” ends federal EV tax credits after Sept. 30. Consumers may rush to buy or lease an electric vehicle before that deadline to get a tax break. Tesla said now is the time to “YOLO” purchase an EV, referencing the fast-approaching deadline. Source