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Monthly Archives: February 2023

Here’s what you need to know

Drakula Images | Moment | Getty Images Flouting the ‘5-year rule’ can mean earnings are taxable Roth IRAs are a type of after-tax retirement account. Since Roth IRA owners pay income tax on contributions, they can generally withdraw their savings — and any investment earnings — free of tax and …

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Stocks moving big midday: DELL, ON, PYPL

The PayPal logo displayed on a smartphone screen with a stock market graphic in the background. Omar Marques | SOPA Images | LightRocket | Getty Images Check out the companies making headlines in midday trading Monday. On Semiconductor — Shares gained more than 1% after the company reported earnings Monday …

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‘I work just 4 hours a day’

In 2008, I started a photography side hustle from my dorm room. My goal was to become a professional photographer. It wasn’t easy, especially at the height of the recession, but I’m glad I never gave up. Today, at 35, I’m a self-made millionaire and run a wedding photography and …

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More millionaires say retirement will ‘take a miracle,’ report finds

Why $1 million may not feel like enough The 4% rule is a popular guideline for retirees to determine how much money they can live on each year without fear of running out later. It suggests that retirees can safely withdraw 4% of their investments (adjusted for inflation) each year in …

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Shake Shack unveils fine dining-inspired white truffle menu

Shake Shack is no stranger to introducing limited edition menu items, but the burger chain’s latest offering may be its most luxurious creation yet. Starting Feb. 10, Shake Shack restaurants nationwide will be offering a trio of items made using white truffle: a beef burger, a mushroom burger and fries …

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Why UK cybersecurity firm Darktrace is under attack from short sellers

The Darktrace logo displayed on a smartphone with stock market percentages in the background. Omar Marques | SOPA Images | LightRocket via Getty Images Cybersecurity company Darktrace, one of the U.K.’s most prominent tech names, has found itself under attack from short sellers. The company, whose tools allow firms to …

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Former UK PM Liz Truss is blaming left-wing ‘economic establishment’ for ousting her

British Prime Minister Liz Truss announces her resignation, outside Number 10 Downing Street, London, Britain October 20, 2022. Henry Nicholls | Reuters LONDON — Former U.K. Prime Minister Liz Truss is blaming a “powerful economic establishment” for bringing her chaotic 44-day tenure to an end last year. Truss resigned in …

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Philadelphia Eagles coach Nick Sirianni: How to eliminate distractions

After the Philadelphia Eagles advanced to this year’s Super Bowl, head coach Nick Sirianni set a simple goal for his players over their next two weeks of practices — be a little bit better today than you were yesterday. The only obstacle in the way: “distractions from the outside world,” …

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Amazon, Google, Microsoft show slowing growth in cloud infrastructure

Amazon CEO Andy Jassy speaks at the Bloomberg Technology Summit in San Francisco on June 8, 2022. David Paul Morris | Bloomberg | Getty Images As growth in traditional tech equipment and software slowed to a trickle in recent years, cloud computing gobbled up spending, reflecting a dramatic change in …

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China urges calm after U.S. shoots down suspected spy balloon

“What I want to emphasize regarding this unexpected accident is that both sides, especially the U.S., should remain calm,” said China’s Ministry of Foreign Affairs spokesperson Mao Ning. Aly Song | Reuters BEIJING — China’s Ministry of Foreign Affairs spokesperson Mao Ning urged both sides to remain calm after the …

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