Monthly Archives: January, 2025

Wealthy Men Love These $1,000 Pants That Feel ‘Like Pajamas’

Nice to see my friend Will Arvanites of Marc Allen Fine Clothiers quoted in The WSJ: In recent years, however, moneyed men are pouncing on...

OpenAI Unveils Operator: The Web-Tasking AI

OpenAI launched Operator, an AI that performs web tasks like ordering groceries. Currently in a research preview for U.S. Pro users, it uses GPT-4’s...

DeepSeek Surge Prompts ChatGPT Gov Release

OpenAI launched ChatGPT Gov, a version of ChatGPT for U.S. government agencies, available through Microsoft Azure. The release follows competition from DeepSeek, a Chinese...

“Stocks Always Go Up Over Time” Maybe Not

When markets are volatile, the refrain “stocks always go up over time” may not apply to your schedule, to your retirement life. Because when you’re...

The Rise of Global Electricity Demand: Key Drivers Explained

Global electricity demand is set to rise, driven by electric vehicles, heat pumps, air conditioning, and data centers, as highlighted in The Oxford Institute...

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HII, Labor Department Team Up to Build Next Generation of Shipbuilders

The US Department of Labor has partnered with Huntington...

Government Grocers: No Free Lunch

You may have heard that New York City Mayor...

Michigan Auto Manufacturing Revival Takes Center Stage

The White House says President Donald Trump is returning...

US Auto Market Moves Toward Electrification, Led by Hybrid Growth

Nearly one-quarter of new light-duty vehicles sold in the...

When I Think about Fidelity Investments and YOU

When I think about Fidelity Investments and you, I’m...

Wealth Tax Fairytales: There Are No Dragons

You know that California is contemplating a tax on...

EU Methane Crackdown Faces Global Pushback

The energy ministers of the United States, Qatar, Nigeria,...

Bipartisan Senate Agreement Targets Russia’s Energy Revenues and Iran

US senators have reached an agreement on a new...

The Magic Number

The magic number for retirement is four, as in a 4% annual draw on the initial balance of your retirement portfolio. Thus, if your portfolio totals $1 million, you draw $40,000 in year number one. In future years, you draw 4% or $40,000 annually, whichever is less.

Poison Annuities on Your Retirement Fund Menu?

The Executive Office of the President’s Council of Economic...