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There’s a new record number of 401(k) millionaires as retirement savings hold at all-time highs

Retirement savings hovered at record highs in the second quarter, pushing the number of 401(k) millionaires to a record as investors focused on their long-term goals despite persistent anxiety about the broader economy, Fidelity Investments said Thursday.
Broadcom’s stock falls despite upbeat earnings, extending a frustrating stretch for investors

Broadcom topped expectations with its latest quarterly financial results, but that wasn’t enough to send its stock higher.
Southwest to debut airport lounges in four cities, with more to come
The airline is partnering with Chase on the effort, saying it wants to build on that company’s Sapphire Reserve Lounge Network.
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We’re in our 60s. We earn $345,000 and have $1 million in 403(b)s. Is it too late for Roth conversions?

“Roth assets would provide our children with tax-free distributions.”
American Airlines continues premium push with redesigned Boeing planes
American Airlines is adding its most premium seats to its largest planes, which it uses for its most popular long international flights.
Here’s how much Americans rely on Social Security — at all income levels

Social Security is really important for older Americans. It needs to be tweaked, not restructured.
Ford continues ramping up pickup truck production as sales fall 10.3% in August
An increase in the supply of pickup trucks comes as Ford experienced its eighth consecutive month of year-over-year U.S. new vehicle sales declines in August.
Europe’s largest airline warns of jet-fuel prices hitting $140 this winter as it cuts capacity

Ryanair on Wednesday reduced its winter capacity to mitigate its exposure to unhedged jet fuel prices of $140 per barrel, illustrating a major economic impact of the energy crisis.



