Parvulescu: No Guarantee Putin Wants a Ceasefire
Sorana Parvulescu, Partner EMEA at Control Risks speaks with Bloomberg TV's Jennifer Zabasajja on the Horizons Middle East and Africa show about Ukraine's President Volodymyr Zelenskiy's readiness to negotiate a peace deal with Russia and Egypt's Gaza reconstruction plan. (Source: Bloomberg)
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2 days ago
- Bloomberg
Investing Africa: 'Verdict Is Out' on African VC Funding
Enygma Ventures Founder Sarah Dusek says that Venture Capital funding in Africa could get a boost in 2025 with investors potentially diverting their capital away from more traditional destinations. She speaks to Bloomberg's Jennifer Zabasajja. (Source: Bloomberg)
Yahoo
3 days ago
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Americans are tapping into their retirement savings early. The do's and don'ts of 'hardship withdrawals'
Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below. More Americans are tapping into their 401(k) to make ends meet — treating it more like an emergency fund than a retirement savings plan. Hardship withdrawals are running 15% to 20% above the historical norm, according to Empower CEO Ed Murphy. Empower is the second-largest retirement plan by participants in the U.S. Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's how BlackRock CEO Larry Fink has an important message for the next wave of American retirees — here's how he says you can best weather the US retirement crisis Nervous about the stock market in 2025? Find out how you can access this $1B private real estate fund (with as little as $10) While new rules make it easier to withdraw funds, some people may be turning to their retirement savings as prices on consumer goods — from groceries to cars — tick upward. 'There is a corollary to what you are seeing in the U.S. economy with deferred payments on auto loans and mortgages,' Murphy told Bloomberg TV. 'So that's something we monitor carefully.' A hardship withdrawal allows you to withdraw money from your 401(k) to cover an 'immediate and heavy financial need,' according to the Internal Revenue Service (IRS). Some people may be making this decision based on financial hardship, such as housing or medical debt. A new report from Vanguard noted similar findings to Empower, with 4.8% of 401(k) participants initiating a hardship withdrawal in 2024 — up from 3.6% in 2023. While there are a few 'signals of a possible uptick in financial stress,' the report says that for some workers, hardship withdrawals 'may serve as a safety net that otherwise may not have been available without plan-implemented automatic solutions.' Add to that the possibility of heading into a recession, with consumer confidence plummeting and more Americans may find themselves struggling to pay the bills. 'We encourage people to have an emergency savings account, have at least two years of expenses set aside in the event these types of situations occur,' Murphy told Bloomberg TV. Read more: Rich, young Americans are ditching the stormy stock market — Even the IRS is prepared for an increase in hardship withdrawals, stating on its website that 'given the current economic climate, a greater number of participants may be requesting hardship distributions from their retirement plans.' Hardship withdrawals typically come with steep penalties. On top of federal and state income taxes, you might be required to pay a 10% tax on early withdrawals if you are under 59 ½. Rather, consider building an emergency savings fund to manage unexpected expenses. This way, you don't have to worry about cashing out your retirement savings during a market downturn or the tax implications of an early withdrawal. You can make your emergency savings work harder for you by parking them in a high-yield savings account. Even with this, it can take years to see your savings account reach its full potential. But if you own a home — and have been making regular mortgage payments — chances are you've built up solid equity. With home values higher than ever, you can make your home work harder for you by making the most of your equity. The average homeowner sits on roughly $303,000 as of the fourth quarter of 2024, according to CoreLogic. Having access to your home equity could help to cover unexpected expenses, pay substantial debt, fund a major purchase like a home renovation or supplement income from your retirement nest egg. Rates on HELOCs and home equity loans are typically lower than APRs on credit cards and personal loans, making it an appealing option for homeowners with substantial equity. The amount you can withdraw is limited to only what's necessary to 'satisfy that financial need,' according to the IRS. You may be able to avoid the early withdrawal penalty if you meet the IRS's eligibility for safe harbor distributions, such as the pending foreclosure of your home. But it won't get you out of paying taxes. The money you withdraw from your 401(k) is taxable income. This means drawing down on your 401(k) could slingshot you into a higher tax bracket. There are also longer-term consequences, such as the loss of compounding growth, which could hinder your retirement goals. That's why a hardship withdrawal is usually considered a last resort. If you've already eaten through your emergency fund, there are still some options you could consider before a hardship withdrawal. For example, you could look for ways to reduce expenses — like cancelling an upcoming vacation or selling a second vehicle. Monthly insurance premiums on your home and car might also be eating into your take-home pay. With premiums expected to rise, you might want to lock in a lower rate now. With you can shop around for auto insurance rates from reputable insurers near you. Within minutes, compare the features and coverage offered by trusted companies like GEICO, Progressive, Allstate and more on just one platform. The best part? The process is completely free and won't impact your credit score. Get started and find rates as low as $29/month. You can also find competitive rates on home insurance policies through By comparing premiums and selecting the lowest possible rate, you could save an average of $482 per year. Here's how it works: Answer some questions about yourself, your finances and the property you own, then will browse through its database and display the lowest rates for you in under two minutes. If you decide to make a hardship withdrawal, it's worth consulting a financial advisor so you fully understand how it will impact you now and in your golden years. One option is to find an expert through JPMorgan sees gold soaring to $6,000/ounce — use this 1 simple IRA trick to lock in those potential shiny gains (before it's too late) Are you rich enough to join the top 1%? Here's the net worth you need to rank among America's wealthiest — plus a few strategies to build that first-class portfolio You're probably already overpaying for this 1 'must-have' expense — and thanks to Trump's tariffs, your monthly bill could soar even higher. Here's how 2 minutes can protect your wallet right now Access to this $22.5 trillion asset class has traditionally been limited to elite investors — until now. Here's how to become the landlord of Walmart or Whole Foods without lifting a finger This article provides information only and should not be construed as advice. It is provided without warranty of any kind. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Indianapolis Star
3 days ago
- Indianapolis Star
60 Degrees Pharmaceuticals and Liberty Star Interviews to Air on the RedChip Small Stocks, Big Money(TM) Show on Bloomberg TV
RedChip Companies will air interviews with 60 Degrees Pharmaceuticals, Inc. (NASDAQ:SXTP) and Liberty Star Minerals (OTCQB:LBSR) on the RedChip Small Stocks, Big Money™ show, a sponsored program on Bloomberg TV this Saturday, June 7, at 7 p.m. Eastern Time (ET). Bloomberg TV is available in an estimated 73 million homes across the U.S. Access the interviews in their entirety at: In an exclusive interview, Geoffrey Dow, CEO of 60 Degrees Pharmaceuticals, appears on the RedChip Small Stocks Big Money™ show on Bloomberg TV to discuss the Company's mission to combat infectious diseases with innovative, small-molecule therapeutics. Dow highlights the potential of ARAKODA® (tafenoquine), an FDA-approved antimalarial developed with the U.S. Army, and its expanding commercial footprint in the U.S. He also outlines 60 Degrees Pharmaceuticals' strategy to repurpose tafenoquine for other serious infectious diseases, including babesiosis-a growing tick-borne illness with tens of thousands of new U.S. cases annually. With two potentially pivotal clinical trials underway, a third study in the final planning stages, and a strong foundation of IP, regulatory experience, and institutional support, 60 Degrees Pharmaceuticals is advancing a cost-effective, scalable model for addressing unmet needs in global infectious disease treatment. Pete O'Heeron, Chairman of Liberty Star, and Liberty Star board member Gerardo King, appear on the RedChip Small Stocks Big Money™ show on Bloomberg TV to highlight the Company's dual-track strategy targeting high-grade gold and large-scale copper-gold mineralization in Arizona. They discuss recent bonanza-grade assay results from the Red Rock Canyon Gold Project, where surface samples have returned values as high as 107.5 g/t gold, and the validation of a porphyry copper system at the Hay Mountain Project through Liberty Star's 2024 drill campaign. With gold prices near all-time highs and copper demand surging amid global electrification, Liberty Star is actively pursuing a joint venture to accelerate project development. The company's experienced leadership and strategic positioning in one of North America's most prolific mining regions underscore its potential to unlock significant value through near- and long-term exploration success. SXTP and LBSR are clients of RedChip Companies. Please read our full disclosure at About 60 Degrees Pharmaceuticals, Inc. 60 Degrees Pharmaceuticals, Inc., founded in 2010, specializes in developing and marketing new medicines for the treatment and prevention of infectious diseases that affect the lives of millions of people. 60 Degrees Pharmaceuticals, Inc. achieved FDA approval of its lead product, ARAKODA ® (tafenoquine), for malaria prevention, in 2018. 60 Degrees Pharmaceuticals, Inc. also collaborates with prominent research organizations in the U.S., Australia, and Singapore. The 60 Degrees Pharmaceuticals, Inc. mission has been supported through in-kind funding from the U.S. Department of Defense and private institutional investors including Knight Therapeutics Inc., a Canadian-based pan-American specialty pharmaceutical company. 60 Degrees Pharmaceuticals, Inc. is headquartered in Washington D.C., with a majority-owned subsidiary in Australia. Learn more at The statements contained herein may include prospects, statements of future expectations and other forward-looking statements that are based on management's current views and assumptions and involve known and unknown risks and uncertainties. Actual results, performance or events may differ materially from those expressed or implied in such forward-looking statements. About Liberty Star Liberty Star Uranium & Metals Corp. (OTCQB:LBSR), d/b/a Liberty Star Minerals, is an Arizona-based mineral exploration company engaged in the acquisition, exploration, and development of mineral properties in Arizona and the southwest USA. Currently, the company controls properties that are located over what management considers some of North America's richest mineralized regions for copper, gold, silver, molybdenum (moly), and associated metals. The Company's premiere property is the Hay Mountain property (exploration stage) for porphyry copper, gold, moly and other commercially important minerals. Specific targets have been selected to explore for near-surface and deep-seated ore bodies, of which there are numerous analogs nearby. Contiguous with the primary Hay Mountain porphyry exploration target, and part of the overall Hay Mountain property, is an increasingly attractive area of exploration stage gold mineralization denominated Red Rock Canyon. Red Rock Canyon exhibits what we believe are extensive, promising hydrothermal associated gold-bearing structures that are documented in historical public and Company records. View numerous geoscientific reports on our website. The Hay Mountain & Red Rock Canyon properties are in Cochise County (southeast) Arizona, USA. Follow Liberty Star Minerals on Facebook, LinkedIn & [X]Twitter About RedChip Companies RedChip Companies, an Inc. 5000 company, is an international investor relations, media, and research firm focused on microcap and small-cap companies. For 33 years, RedChip has delivered concrete, measurable results for its clients. Our newsletter, Small Stocks, Big Money™, is delivered online weekly to 60,000 investors. RedChip has developed the most comprehensive service platform in the industry for microcap and small-cap companies. These services include the following: a worldwide distribution network for its stock research; retail and institutional roadshows in major U.S. cities; outbound marketing to stock brokers, RIAs, institutions, and family offices; a digital media investor relations platform that has generated millions of unique investor views; investor webinars and group calls; a television show, Small Stocks, Big Money™, which airs weekly on Bloomberg US; TV commercials in local and national markets; corporate and product videos; website design; and traditional investor relation services, which include press release writing, development of investor presentations, quarterly conference call script writing, strategic consulting, capital raising, and more. RedChip also offers RedChat™, a proprietary AI-powered chatbot that analyzes SEC filings and corporate disclosures for all Nasdaq and NYSE-listed companies, giving investors instant, on-demand insights. To learn more about RedChip's products and services, please visit: 'Discovering Tomorrow's Blue Chips Today'™ Follow RedChip on LinkedIn: Follow RedChip on Facebook: Follow RedChip on Instagram: Follow RedChip on Twitter: Follow RedChip on YouTube: Follow RedChip on Rumble: Subscribe to our Mailing List: SOURCE: RedChip Companies, Inc. View the original press release on ACCESS Newswire
