I’m 59. My wife and I bought a second home for $484,000 at 6.2% interest. Will this be a drain on our retirement?
“I earn an annual salary of $116,000. My wife’s annual income is about $55,000.”
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Why AI Might Not Replace Your Job After All
Since ChatGPT’s debut, AI has been framed as everything from a world-changing breakthrough to an existential threat. Companies are pouring hundreds of billions into the space as commentators debate potentially utopian and dystopian futures. But researchers like Princeton’s Arvind Narayanan argue the reality may be more incremental – a powerful technology that will reshape work and productivity over time, without overturning the basic limits of economics, labor, or human decision-making. (Source: Bloomberg)
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Here’s the exact amount of money you need to make to be financially secure
The yearly thresholds for achieving financial security range from roughly $62,700 for one-person households over age 65 to $169,300 for families with two or more adults and three or more kids.
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‘Six figures are missing’: My aunt’s attorney took over her bank account. Two random doctors declared her incompetent. How do I fix this?
“The attorney found two doctors — one who briefly spoke to her and signed off, and another who never saw her and simply stamped the form.”
The Best Retirement Is No Retirement at All
As health and quality of life improves throughout the nation, older workers are delaying – or even coming out of – retirement. Bloomberg News, Senior Editor Stacey Vanek Smith joined David Gura and Christina Ruffini this morning on Bloomberg This Weekend to discuss the new trend. Watch the show LIVE every Saturday and Sunday morning. (Source: Bloomberg)
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Private-credit ‘cockroaches’ and record valuations threaten the stock market’s recovery
The S&P 500 is expensive on 18 of 20 metrics and a private-equity logjam could force big investors to dump stocks.
Cuban Envoy: No One Can Tell Us What We Can Do
In a wide-ranging exclusive conversation with Bloomberg This Weekend’s David Gura, Cuba’s ambassador to the United Nations, Ernesto Sobern Guzman, says his country will not remove Cuban President Miguel Diaz-Canel in order to appease the US. Watch the full conversation on ‘Bloomberg This Weekend.’ We’re LIVE every Saturday and Sunday morning. (Source: Bloomberg)
United Air Sees Risk of Surging Fuel Cost, Says Airline Is Ready
United Airlines Holdings Inc. Chief Executive Officer Scott Kirby warned of $175 oil prices that would dramatically drive up jet-fuel expenses, outlining worst-case scenarios even as the aviation industry benefits from current record travel demand.
Andy Weir talks “Project Hail Mary”, from Book to Blockbuster
Project Hail Mary author Andy Weir sits down with Christina Ruffini to discuss his bestselling novel-turned-blockbuster starring Ryan Gosling and opening this weekend. Watch Bloomberg This Weekend LIVE every Saturday and Sunday morning: (Source: Bloomberg)