Author: Press Room

Parents are increasingly saving money for college, but a recent survey said that less than half feel ready to pay for the first tuition bill by the time their child leaves high school, a recent survey said.  Three out of four parents who saved for college had, on average, $45,000 saved, according to the College Ave survey. Of the 75% already building savings, 28% plan to cover their child’s total education costs, but a little less than half (49%) of all parents had a plan to cover the total cost of college before their child enrolled in college. In its most…

Watch full video on YouTube

Watch full video on YouTube

Investors who want a one-stock solution for participating in the long-term upside of automation could definitely do worse than to consider IMI plc (IMIAY) (OTCPK:IMIAF). Not only is this company a significant player in motion and control across a range of end markets, but the business is also active in areas like climate control and precision fluidics for life sciences and healthcare. All of that gives investors broad exposure to a wide range of end markets, not to mention longer-term growth drivers like factory automation, green energy, and life sciences. IMI shares are up more than 25% since my last…

The Nasdaq Composite notched its biggest one-day drop in almost two months, as Nvidia led a sell-off among several Big Tech names and countered gains for the broader US stock market.The tech-heavy index closed 1.1 per cent lower on Monday, its biggest one-day drop since April 30. Shares in Nvidia dropped 6.7 per cent, continuing a recent slide, for their biggest daily fall since mid-April.Owing to its heavy weighting, Nvidia’s share price moves have a large influence over the direction of stock market indices. Amazon and Microsoft, as well as chip groups Broadcom and AMD, closed lower.The S&P 500 closed…

Rhode Island made news this month when it became the twentieth state to establish a state-facilitated retirement savings program and the seventeenth to do so with an auto-IRA model. This action by the Rhode Island legislature means every state in New England, except New Hampshire, will now offer a state-facilitated savings program. States elsewhere in the nation are considering these programs as well, including large states like Michigan and Pennsylvania, with millions of potential beneficiaries in those states. State legislatures are adopting these programs because they are both good policy and good politics. These programs represent a real effort to…

A small group of Americans who took out cheaper but riskier mortgages several years ago are about to see their monthly payments skyrocket. Since 2019, more than 1.7 million homes have been bought using adjustable rate mortgages (ARMs), which initially offer a lower, more affordable interest rate than their fixed-rate counterparts. But eventually, ARMs reset to an unknown future rate, meaning there is a high degree of uncertainty for individuals who take on these types of loans.About 330,000 homeowners who got an ARM in 2019 have already seen their five-year, fixed-rate term end, and another 100,000 will see their rates…

Watch full video on YouTube

Watch full video on YouTube

Investing In General Mills General Mills (NYSE:GIS) shares are usually found in income-seeking investors. After all, 124 years of uninterrupted dividends combined with a 9% CAGR in shareholder returns over the past three decades are two outstanding achievements that won’t go unnoticed by several cohorts of investors. I am initiating my coverage of General Mills as it approaches its Q4 and FY 2024 report. This seems to be an opportune time to share my research on the company and explain why it could be a good investment for some, but currently not for me. General Mills: The Company General Mills…