Frank Bisignano, chief executive officer of the Internal Revenue Service (IRS), during a House Ways and Means Subcommittee on Social Security hearing in Washington, DC, US, on Wednesday, June 10, 2026. Tierney L. Cross | Bloomberg | Getty Images Social Security Administration Commissioner Frank Bisignano told Congress on Wednesday that the agency has improved one […]
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How the Best Advisers Help Clients Use Their Retirement Fear
Financial advisers spend a lot of time talking about risk, whether that’s market risk, inflation, longevity, tax, sequence of returns, concentration, long-term care … The list seems endless. But clients don’t necessarily experience retirement risk as a category on a planning report. They experience it as a knot in the stomach: What if I run […]
Weekly Mortgage Rates Climb as Inflation Hits Three-Year High
Mortgage rates are up, as new data shows annual inflation has reached its highest level since 2023. The average rate on a 30-year fixed-rate mortgage rose six basis points to 6.43% APR in the week ending June 11, according to rates provided to NerdWallet by Zillow. (A basis point is one one-hundredth of a percentage […]
SpaceX Stock Just Opened At $150, Up 11% From its IPO Price of $135
The day many investors have been waiting for has finally arrived. The much-ballyhooed initial public offering (IPO) of SpaceX (NASDAQ: SPCX) kicked off on Friday morning. Expectations were high heading into what has been billed as the biggest IPO of all time, and the stock made a splash on its debut. Demand was high ahead […]
Bitcoin Miners Reveal New ‘Long-Term Buying Opportunities’ at $61,000
Bitcoin (BTC) miners are back under pressure as data hints that a new buying opportunity is now here. Key points: Bitcoin miners are in the “capitulation” phase of the current bear market, data suggests. A trader argues that there is no “clearer sign” to add BTC exposure as a result. Bitcoin miners are now operating […]
Will Bitcoin’s 200-Week Moving Average Ruin the BTC Price Comeback?
Bitcoin (BTC) hit $64,000 after Friday’s Wall Street open while analysis warned of “unreliable” BTC price support. Key points: Bitcoin hits local highs during the US trading session as US-Iran peace hopes offer modest risk-asset relief. SpaceX looks set to launch the largest IPO ever witnessed, BTC price concerns linger over the ability of a […]
Should I Pay a Data Broker Information Removal Service?
There are hundreds, if not thousands, of data brokers collecting and selling your personal information: your name, phone numbers, email addresses, current and past addresses, relatives, social media profiles, property records, court filings, employment history, education records, and much more. I say “hundreds, if not thousands” because many brokers operate under multiple brand names and […]
Dow Jones Edges Higher While SpaceX Steals the Show With $2 Trillion Valuation
Wall Street had one job Friday: watch Space Exploration Technologies (NASDAQ: SPCX) take off. The Dow Jones Industrial Average (^DJI +0.73%) rose 0.4% by noon ET, while the S&P 500 (^GSPC +0.47%) added 0.1%. The Nasdaq Composite (^IXIC +0.31%) index dipped 0.1%, weighed down by some familiar names making room for the new kid on […]
Elon Musk becomes world’s first trillionaire as SpaceX begins trading
Elon Musk just became the world’s first trillionaire. With SpaceX opening on the Nasdaq at $150 a share Friday, his stake in the company is worth more than $766 billion. Combined with his Tesla stake, which is worth $280 billion, Musk’s net worth from both companies as of Friday is roughly $1.05 trillion. The SpaceX […]
Stock Market Today, June 12: SpaceX Mega IPO Soars, Testing Tech Stocks at Midday
CAs of midday, the S&P 500 (^GSPC +0.58%) rose 0.12% to 7,403.38, the Nasdaq Composite (^IXIC +0.47%) dropped 0.36% to 25,716.64 as SpaceX’s (NASDAQ: SPCX) IPO kept risk appetite elevated in a volatile morning of trading. The IPO kept risk appetite elevated in a volatile morning of trading. The Dow Jones Industrial Average (^DJI +0.80%) […]
Melania Trump announces Fostering the Future savings account
First lady Melania Trump speaks about a Trump administration initiative for savings and investment accounts for children in foster care, at the Treasury Department, in Washington, June 11, 2026. Jonathan Ernst | Reuters Ahead of the official launch of Trump Accounts, First Lady Melania Trump on Thursday announced a new savings and investment initiative in conjunction with […]
Ask the Tax Editor: Questions on Inherited Property
Each week in our Ask the Editor series, Joy Taylor, The Kiplinger Tax Letter editor, answers questions on topics submitted by readers. This week, she’s looking at five tax questions on inherited property, including the tax basis upon death. (Get a free issue of The Kiplinger Tax Letter or subscribe.) 1. Inheriting gold and silver […]
How to Invest In SpaceX (SPCX) — And How Not To
SpaceX is the world’s largest space launch provider, accounting for roughly half of all orbital launches worldwide last year[0]. It also owns the Starlink satellite internet service, xAI (CEO Elon Musk’s AI company, which developed the Grok chatbot) and the social media site X (formerly Twitter). And it went public today in the largest initial […]
Pfizer’s New Weight-Loss Data Just Gave Eli Lilly and Novo Nordisk Investors Something to Worry About
Pharmaceutical giants Novo Nordisk (NVO +0.43%) and Eli Lilly (LLY 1.35%) are still the two titans of the weight loss drug market, to be sure. Lilly sold $13.5 billion worth of GLP-1-based Zepbound last year, while Novo reported revenue of more than $30 billion (U.S.) from its anti-obesity drugs Wegovy and Ozempic, with its weight […]
The invisible dangers of too much cash
How much cash is too much cash? With the stock market at highs, there is a very strong temptation to keep cash “on the sidelines” for the right time to invest. I believe, in the long run, investing now is better than investing later. The massive risk of waiting on the sidelines is that you […]
3 Reasons EBAY is Risky and 1 Stock to Buy Instead
eBay has had an impressive run over the past six months as its shares have beaten the S&P 500 by 21.5%. The stock now trades at $109.19, marking a 27.9% gain. This was partly thanks to its solid quarterly results, and the run-up might have investors contemplating their next move. Is now the time to […]
New Book Drop/Giveaway: “Retire by 30”
Good morning, internet friends!! Hope you had a good rest and are ready for some financial goodness! I don’t have any money to give away today sadly, but I do have the next best thing per Benjamin Franklin: a book! After all, “An investment in knowledge pays the best interest!” 😎 I think he would […]
Which Money Tree Are You? (Quiz)
A friend of mine recently launched a quiz to determine which of the 5 money trees you are, and, so, of course I had to take it because IT’S A QUIZ ABOUT MONEY! Here it is if you’re too excited to read on –> thefivemoneytrees.com I asked her where this “tree” idea came from and […]
2026 elections ad spend projected to reach record: AdImpact
The 2026 midterm election cycle could surpass the 2024 presidential cycle to reach record advertising spend for any U.S. election, according to a new report from advertising intelligence company AdImpact. This year’s races are projected to reach $11.6 billion in ad spend, making it the most expensive cycle ever and eclipsing the $11.2 billion spent […]
All Eyes on SpaceX IPO Today
Ahead of this final trading day of the week — which has climbed past Friday’s highs after a tumultuous past few sessions — pre-market futures are up again, following a boffo Thursday that saw major indexes rise between +1.75% (S&P 500) and north of +2.5% (Nasdaq). Currently, the Dow is up +300 additional points, the […]