Personal Finance

It’s the Era of ‘Self-Prohibition.’ That’s Made Booze-Free Alcohol a Big Business

It's the Era of 'Self-Prohibition.' That's Made Booze-Free Alcohol a Big Business

Key Takeaways A market for alcohol-free beer, wine and spirits shops has opened up as more Americans moderate their drinking. Fewer adults drink, and those who do consume less than in years past, according to Gallup. Many are more aware of and concerned about the health risks of drinking, including young adults, research shows. When

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Tesla Makes Money Selling Electric Vehicles, but 86% of Its Earnings Could Soon Come From This Instead

Tesla Makes Money Selling Electric Vehicles, but 86% of Its Earnings Could Soon Come From This Instead

Cathie Wood’s Ark Investment Management is forecasting a major shift in Tesla’s business. Tesla (TSLA 7.21%) is one of the world’s largest manufacturers of electric vehicles (EVs), but rising competition is slowly chipping away at its market share. EV sales are still the main driver of Tesla’s financial results, but CEO Elon Musk is trying

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How Different Generations Maximize Travel Points for Rewarding Trips

How Different Generations Maximize Travel Points for Rewarding Trips

Key Takeaways Travel rewards programs make more of an impact on younger travelers, rather than older travelers. Still, anyone can take advantage of travel rewards programs, regardless of age. Travel credit cards give you points or miles for every dollar you spend, which you can use for travel or other rewards. And there’s often a

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Billionaire Phillipe Laffont Sold Coatue Management’s Stake in Super Micro Computer and Snapped Up This Surgical Robotics Pioneer That’s Up 19,390% Since Its IPO

Billionaire Phillipe Laffont Sold Coatue Management's Stake in Super Micro Computer and Snapped Up This Surgical Robotics Pioneer That's Up 19,390% Since Its IPO

An unbeatable advantage makes this stock a popular one among billionaire investors. Philippe Laffont was known for successfully investing in technology stocks before he founded Coatue Management, a technology-focused hedge fund, in 1999. Since then, he has grown the fund’s size to more $35 billion in assets under management. Laffont has his finger on the

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I’m 57 With $4.1 Million and Looking to Retire Abroad in a Few Years. I No Longer See the Point in Contributing to My 401(k). Am I Wrong?

A wealthy-looking businessman in his 50s poses next to a window with his arms crossed.

Question: I’m 57 with $4.1 million and looking to retire abroad in a few years. I no longer see the point in contributing to my 401(k). Am I wrong? Answer: As of 2022, the typical 57-year-old had $185,000 in retirement savings, according to the Federal Reserve. So if you’re 57 with $4.1 million socked away

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Warren Buffett Shares His Top Strategy to Safeguard Your Wealth Against Inflation

Warren Buffett Shares His Top Strategy to Safeguard Your Wealth Against Inflation

Key Takeaways Buffett calls self‑development “the best investment by far” because skills can’t be taxed or “inflated away.” The next‑best hedge is to own stock in companies whose products require little new capital but can raise prices at the rate of inflation or even higher. Firms built on royalty-like models or networks often convert revenue

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