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Read the latest trending stories from the Kansas City Business Journal
Family-owned Vance Brothers sells to Nashville group
After 100 years of family ownership, a Kansas City asphalt company sold to Nashville-based firm.
May 6, 2025, 12:38 pm CDT
Member-Only Webinar: How small-business lending is evolving
Our latest Member-Only Webinar focuses on how small-business lending and access to capital is evolving — including new changes to SBA rules that businesses need to know.
May 6, 2025, 12:32 pm CDT
Gen Z's regret grows over generational housing divide
Younger Americans are buying houses that need work. That's left many of those buyers with deep regrets.
May 6, 2025, 11:34 am CDT
Work for a great company? Nominate it for Best Places to Work
There's still time to nominate your company for the Best Places to Work awards. Here's what you need to know.
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Miami Herald
31 minutes ago
- Miami Herald
Shark Tank's Kevin O'Leary warns Americans on 401(k)s
Most American workers generally understand that Social Security monthly paychecks will one day significantly contribute to their future retirement income. But because those Social Security benefits are not by themselves enough to provide people with the financial resources they need to live on comfortably, most also recognize that 401(k) plans and IRAs (Individual Retirement Accounts) are additional tools necessary for securing their financial future. However, finding the extra money to contribute to these accounts can be a significant challenge. Kevin O'Leary, a prominent entrepreneur and investor widely known for his appearances on ABC's "Shark Tank," shares a method that enables workers to cut expenses and direct more money toward their 401(k) and IRA savings. He also offers a stark financial warning. Don't miss the move: Subscribe to TheStreet's free daily newsletter Participating in an employer-sponsored 401(k) plan is a dependable way to build retirement savings, especially when employers offer matching contributions. With automatic payroll deductions, this method allows employees to invest in their future effortlessly, making it both practical and efficient. Related: Jean Chatzky sends strong message to Americans on Social Security IRAs, on the other hand, provide a wider selection of investment options not typically available through 401(k) plans. However, they require more hands-on management, as individuals must open an account and set up automatic contributions independently. In addition to a major warning, O'Leary offers valuable advice on how individuals can cut costs and increase their retirement contributions, which for many Americans primarily consist of 401(k) plans. Many workers who are committed to contributing as much money as they can toward their 401(k) plans find it difficult to do so because their spending habits leave little left to put away for the future. In fact, O'Leary emphasizes, many people spend more than they make - and are working in large part to finance their debts and pay their bills. "You are in constant fear of losing your job, or of your assets losing their value. You worry that one big, unexpected bill might put you under for good, and then you avoid that thought," described O'Leary in his book, "Cold Hard Truth on Men, Women and Money." "You're avoiding the phone and people to whom you owe money. Maybe you're retreating from friends and family out of fear or shame," O'Leary continued. "You're steeped in magical thinking about money - for example, believing you're one lottery ticket, inheritance, or windfall away from total financial transformation." "You wake up in despair and you go to bed defeated. You don't live within your means because you don't even know what they are." More on retirement: Jean Chatzky shares major statement about Social SecurityDave Ramsey sounds alarm for Americans on retirementScott Galloway warns Americans on 401(k), US economy threat O'Leary explains that people who feel this describes them to any degree should correct it immediately. He offers a first step people can take to get a handle on where they stand financially. Related: Dave Ramsey warns Americans on Social Security In order to increase retirement savings and add a larger percentage of their income to 401(k) plans, people first need to get a good feel for where they are financially. O'Leary suggests simplifying money management down to a single figure - either positive or negative. He encourages individuals to calculate their total earnings over three months, calling this their 90-Day Number. The process starts with identifying income. If pay stubs aren't easily accessible, reviewing bank statements can help track all incoming funds, including salaries, side jobs, and other sources of cash flow. Next, he recommends listing all expenses separately - small purchases such as coffee, clothing, and snacks, as well as major costs such as bills, debt payments, rent, and car loans. The key step is subtracting total expenses from total income. If the result is positive, the individual is in good financial shape and can immediately consider increasing their 401(k) contributions. A negative outcome signals a need for adjustments. The extent of necessary changes depends on how much spending exceeds earnings, requiring smarter budgeting to create space for investments in long-term financial security, O'Leary explains. In the latter instance - after some planning, budgeting and hard work - a person can still reach the point of increasing investments in their 401(k) plans. Related: Dave Ramsey sends major message to Americans on IRAs, Roth IRAs The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
Yahoo
34 minutes ago
- Yahoo
Jetstar Asia closure: Some customers confused, frustrated by poor communication; Taiwan earthquake: 5.9-magnitude offshore quake rattles Taiwan: Singapore live news
The Jetstar Asia closure has left some customers confused and frustrated over conflicting information, or a lack thereof. The Singapore-based airlines, operated by Qantas Group, announced on Wednesday (11 June) morning that it would be ceasing operations from 31 July. They added that Jetstar Asia flights would be operating with a "progressively reduced schedule". For a customer identified as Daniel, he told CNA that he didn't realise the schedule would be "progressively reduced" prior to its closure. Taiwan was struck by an earthquake on Wednesday (11 June) evening, with the quake hitting seconds after cell phone alarms went off at 7.01pm. The quake about 71 kilometres south of Hualien City. According to the United States Geological Survey, the quake had a magnitude of 5.9 and was detected at a depth of 31.1 kilometres. Taiwan's Central Weather Administration gave the magnitude as 6.4. Read more in our live blog below, including the latest local and international news and updates. Taiwan was struck by an earthquake on Wednesday (11 June) evening, with the quake hitting seconds after cell phone alarms went off at 7.01pm. The quake about 71 kilometres south of Hualien City. According to the United States Geological Survey, the quake had a magnitude of 5.9 and was detected at a depth of 31.1 kilometres. Taiwan's Central Weather Administration gave the magnitude as 6.4. However, such differences are common considering the differences in sensitivity and detector locations. Buildings in Taipei shook for about a minute, and there were no immediate reports of damage. A firefighter in Chenggong told AFP that when the quake hit, "the computer screen and fan shook heavily". He added, "It was much stronger than previous quakes. I immediately thought about running outside." For more on the Taiwan earthquake, read here. The Jetstar Asia closure has left some customers confused and frustrated over conflicting information, or a lack thereof. The Singapore-based airlines, operated by Qantas Group, announced on Wednesday (11 June) morning that it would be ceasing operations from 31 July. They added that Jetstar Asia flights would be operating with a "progressively reduced schedule". For a customer identified as Daniel, he told CNA that he didn't realise the schedule would be "progressively reduced" prior to its closure. Hence, he thought his two planned trips in July – one to Bangkok, another to Okinawa - would not be affected. On Wednesday morning, though, he received an email confirming that his trip to Bangkok was cancelled, so he made plans to book another flight. Daniel said the email also included his "specific booking reference". Yet, when his friend called the Jetstar Asia's hotline, they were told the flight was still going ahead as planned. He now feels uncertain about his flight to Okinawa and it's not clear which flights would be cut from Jetstar Asia's schedule before it closes. 'I'm wondering, when would they tell me about it? Or how late would they tell me about it?' For more on how customers are affected by the Jetstar Asia closure, read here. Taiwan was struck by an earthquake on Wednesday (11 June) evening, with the quake hitting seconds after cell phone alarms went off at 7.01pm. The quake about 71 kilometres south of Hualien City. According to the United States Geological Survey, the quake had a magnitude of 5.9 and was detected at a depth of 31.1 kilometres. Taiwan's Central Weather Administration gave the magnitude as 6.4. However, such differences are common considering the differences in sensitivity and detector locations. Buildings in Taipei shook for about a minute, and there were no immediate reports of damage. A firefighter in Chenggong told AFP that when the quake hit, "the computer screen and fan shook heavily". He added, "It was much stronger than previous quakes. I immediately thought about running outside." For more on the Taiwan earthquake, read here. The Jetstar Asia closure has left some customers confused and frustrated over conflicting information, or a lack thereof. The Singapore-based airlines, operated by Qantas Group, announced on Wednesday (11 June) morning that it would be ceasing operations from 31 July. They added that Jetstar Asia flights would be operating with a "progressively reduced schedule". For a customer identified as Daniel, he told CNA that he didn't realise the schedule would be "progressively reduced" prior to its closure. Hence, he thought his two planned trips in July – one to Bangkok, another to Okinawa - would not be affected. On Wednesday morning, though, he received an email confirming that his trip to Bangkok was cancelled, so he made plans to book another flight. Daniel said the email also included his "specific booking reference". Yet, when his friend called the Jetstar Asia's hotline, they were told the flight was still going ahead as planned. He now feels uncertain about his flight to Okinawa and it's not clear which flights would be cut from Jetstar Asia's schedule before it closes. 'I'm wondering, when would they tell me about it? Or how late would they tell me about it?' For more on how customers are affected by the Jetstar Asia closure, read here.
Yahoo
38 minutes ago
- Yahoo
VeriSilicon's AI-ISP Custom Chip Solution Enables Mass Production of Customer's Smartphones
Providing architecture design, software-hardware co-development, and mass production support, and enhancing AI-powered imaging capabilities in smart devices SHANGHAI, June 12, 2025--(BUSINESS WIRE)--VeriSilicon ( recently announced that its AI-ISP custom chip solution has been successfully adopted in a customer's mass-produced smartphones, reaffirming the company's comprehensive one-stop custom silicon service capabilities in AI vision processing. VeriSilicon's AI-ISP custom chip solution can integrate proprietary or third-party Neural Network Processing Unit (NPU) IP and Image Signal Processing (ISP) IP. By combining traditional image processing techniques with AI algorithms, it significantly enhances image and video clarity, dynamic range, and environmental adaptability. The chip solution offers flexible configurations with RISC-V or Arm-based processors, supports MIPI image input/output interfaces, provides LPDDR5/4X memory integration capability, and is compatible with common peripheral interfaces such as UART, I2C, and SDIO. This makes the solution highly adaptable for deployment across various applications including smartphones, surveillance systems, and automotive electronics. For this collaboration, VeriSilicon designed a low-power AI-ISP system-on-chip (SoC) based on the RISC-V architecture, tailored to the customer's specific requirements. It also included a FreeRTOS real-time Software Development Kit (SDK). The customized SoC was fully optimized for seamless interoperability with the customer's main processor platform and has since been successfully deployed in multiple smart devices, achieving large-scale production. This success highlights VeriSilicon's robust capabilities in heterogeneous computing, software-hardware co-optimization, and system-level integration and verification. "AI-powered imaging has become a key differentiator in the competitive smartphone market, driving increasing demand for high-performance and low-power image processing solutions," said Wiseway Wang, Executive Vice President and General Manager of the Custom Silicon Platform Division at VeriSilicon. "With full-spectrum capabilities ranging from IP licensing and chip architecture design to system-level software and hardware development, tape-out, packaging and testing, as well as mass production, VeriSilicon offers end-to-end custom silicon services leveraging its extensive design service experience and proven mass production capabilities. The successful mass production of this customer's chip further validates our strength in high-end silicon design services. Moving forward, we will continue to innovate and improve our offerings, empowering customers to accelerate the launch of differentiated products with efficient, high-quality custom chip solutions." About VeriSilicon VeriSilicon is committed to providing customers with platform-based, all-around, one-stop custom silicon services and semiconductor IP licensing services leveraging its in-house semiconductor IP. For more information, please visit: View source version on Contacts Media Contact: press@ Sign in to access your portfolio
