ALL THE MONEY NEWS YOU NEED TO KNOW | | | | | | Daniel de Visé | Personal Finance Reporter
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Good morning! It's Daniel de Visé with your Daily Money. |
There was no official alert about the wildfire barreling toward the mountainous community of Altadena, California, Erion Taylor remembers. Instead, she got a text from her neighborhood group chat: "We're evacuating La Viña." |
Kohl's and Macy's stores shuttering |
Two of America's largest department stores announced plans in the past week to shutter locations across the country. The result for consumers: Some communities will be losing both Kohl's and Macy's stores, Jim Sergent reports. |
Kohl's and Macy's said in their respective Jan. 9 releases that they singled out underperforming stores. For Denver-area residents, that means three fewer department stores: two Macy's and one Kohl's store. In California, San Diego and Sacramento will lose a store from each chain. |
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Finally, here's a popular story from earlier this year that you may have missed. Read it! Share it! |
For the first time ever in 2024, Gen X workers saw their 401(k) balances top those of baby boomers. |
Balances for Gen X workers who have been saving for 15 years averaged $543,400, or $200 more than boomers', according to a Fidelity analysis of its more than 22 million accounts in the first three months of the year. |
Gen X, born between 1965 and 1980, is often referred to as the forgotten generation. Surveys have shown many of them don't have nearly enough for retirement, but Fidelity's report shows some green shoots. |
Each weekday, The Daily Money delivers the best consumer and financial news from USA TODAY, breaking down complex events, providing the TLDR version, and explaining how everything from Fed rate changes to bankruptcies impacts you. |
Daniel de Visé covers personal finance for USA Today. | | | | When fires swept through Altadena, in Los Angeles County, generational wealth and a place of opportunity for people of color, went up in smoke. | | | | Kohl's and Macy's are closing dozens of stores across the country in coming weeks. Find out which locations. | | | | For the first time, Gen X's 401(k) balances top those of boomers, Fidelity says. Is it enough to get the forgotten generation back on track to retire? | | | | Transitioning a company from case-by-case management to one with structured policies can be challenging but ensures consistent treatment. | | | | U.S. stock indexes were mixed, with the Nasdaq under pressure again as investors keep trimming forecasts for rate cuts. Chips also dip on export curb. | | | | Trump Media & Technology Group shares surged more than 20% one week before President-elect Donald Trump's inauguration. | | | | Skiing is seen as a super expensive sport, but there are lots of ways to pinch pennies and still have a great trip. | | | | This top-performing ETF's largest three stock holdings are Nvidia, Taiwan Semiconductor Manufacturing, and Broadcom. | | | | Here's what to look for and how to help those impacted by the wildfires in Southern California while avoiding scams. | | | | Our app gives you award-winning coverage, crosswords, audio storytelling, eNewspaper and more. | | | | | | | Sign up for the news you want | Exclusive newsletters are part of your subscription, don't miss out! We're always working to add benefits for subscribers like you. | | | | | | |
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