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The amount of Americans who are 401(k) millionaires — those holding $1 million or more in their retirement funds — jumped up by 20% in the final months of 2023. Yahoo Finance readers had a lot to say about this news, even offering an array of financial advice for younger workers seeking to save. Yahoo Finance Columnist Kerry Hannon details the response to her latest story, highlighting some of the strategies for maxing out 401(k) savings. #youtube #401K #stockmarket About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life. – […]

The amount of Americans holding at least $1 million in their 401(k)s grew by 20% between September and December 2023, according to Fidelity Investments. Yahoo Finance Columnist Kerry Hannon joins the Live show to discuss the savings strategies this group of individuals have in common, also discussing the results of the American College of Financial Services’ latest financial literacy survey. #youtube #stockmarket #yahoofinance About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life. – Get the latest news and data at finance.yahoo.com – Download the Yahoo Finance app on Apple […]

Elevated mortgage rates remain above 7%, putting the squeeze on potential US homebuyers who are already feeling inventory and price pressures. But is there a tax benefit that takes into account and deducts home mortgage interest? Yahoo Finance Reporter Rebecca Chen explains the concept of mortgage interest deductions that taxpayers can itemize as the housing market is compounded by higher rates and average home prices. About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life. – Get the latest news and data at finance.yahoo.com – Download the Yahoo Finance app […]

Tesla (TSLA) CEO Elon Musk has moved to sue OpenAI and CEO Sam Altman over what he alleges is a breach of contract. Musk claims the company is no longer following its original goal of helping humanity, instead focused on profits. “OpenAI has been transformed into a closed-source de facto subsidiary of the largest technology company in the world: Microsoft,” the lawsuit states. Yahoo Finance Anchors Brad Smith and Seana Smith break down this latest development in the relationship between Musk and Altman. #youtube #Tesla #ElonMusk About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to […]

According to the Mortgage Bankers Association’s seasonally adjusted index, total mortgage application volume dropped 5.6% last week from the previous week. The average 30-year mortgage rate continues to float above 7%, disincentivizing potential homebuyers. Taylor Morrison (TMHC) CEO Sheryl Palmer joins Yahoo Finance to discuss how the housing market has dealt with the volatile rates. Palmer suggests consumer tolerance is growing: “The consumers have come a long way in the last year, 18 months, when rates were flirting at the 7%. The difference from where we are today to where we were then is, back then they were still hoping rates would go back to 4%. I think the consumer […]

Ford (F) has officially rolled out charging adaptors for its electric vehicles, allowing users to plug their cars into Tesla (TSLA) superchargers in the US and Canada. Current Ford EV customers can reserve a free charger before June 30; after that, it will cost $230. Yahoo Finance Reporter Pras Subramanian joins the Live show to discuss his experience with the adaptor and what this could mean for Ford owners moving forward. #FORD #TESLA #CAR About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life. – Get the latest news and […]

Senate Majority Leader Mitch McConnell (R-Ky.) will step down from his leadership this November, serving out the rest of his term through January 2027. Yahoo Finance’s Rick Newman explains what this may mean for Republican leadership. #youtube #stockmarket #congress About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life. – Get the latest news and data at finance.yahoo.com – Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO) – Follow Yahoo Finance on social: X: http://twitter.com/YahooFinance Instagram: https://www.instagram.com/yahoofinance/?hl=en TikTok: https://www.tiktok.com/@yahoofinance?lang=en Facebook: https://www.facebook.com/yahoofinance/ LinkedIn: https://www.linkedin.com/company/yahoo-finance

The Walt Disney Company (DIS) and Reliance Industries (RELIANCE.NS) are teaming up for a joint venture. As part of the deal, Disney’s India operations will be merged with Reliance’s Viacom18. The deal is valued at $8.5 billion. Yahoo Finance’s Seana Smith and Brad Smith break down the deal. #youtube #DISNEY #MEDIA About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life. – Get the latest news and data at finance.yahoo.com – Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO) – Follow Yahoo Finance on social: X: http://twitter.com/YahooFinance […]