Mindblown: a blog about philosophy.

In the end, Kevin Warsh’s Federal Reserve acquitted itself well. For all the uncertainty he had sparked at the previous meeting of the Federal Open Market Committee, when he refused to provide any indication of what he was prepared to do to tame stubborn inflation, the chair on Wednesday presided over a unanimous decision to…

Most retirees assume they paid into Social Security long enough to collect their checks without another tax bill waiting. The reality hitting middle-class seniors hard has everything to do with a formula that hasn’t budged in decades. This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions…

Age 62 has long been a popular time to claim Social Security. It’s the earliest age you can take benefits, and for many people, it’s a path toward early retirement. But while claiming Social Security at 62 makes sense in some situations, it’s a move you might also regret. Here are three reasons why filing…

If you want to be a high-mileage leader like Warren Buffett, it pays to be humble. The Oracle of Omaha this week gave up the job as chairman of Berkshire Hathaway, after more than half a century spent building and then running the conglomerate. Buffett said his son Howard would succeed him as chairman. In…

Space Exploration Technologies (SPCX -1.36%) stock has struggled a bit following its blockbuster IPO. But the space stock’s current valuation of roughly $2 trillion still remains above its initial IPO market cap of $1.77 trillion. On Wall Street, opinions on where SpaceX stock will go from here vary widely. Of the 34 analysts who have issued…

Nati Harnik/AP/REX · iStock.com Warren Buffett, the billionaire investor known as the “Oracle of Omaha,” is perhaps the best person to turn to for advice on building wealth. His wisdom is down-to-earth and applies to everyone from all income levels, no matter whether you’re earning six figures or an average salary. Here are some pieces…

alvaro gonzalez · Getty Images Most new investors can feel overwhelmed by the options available. Investing in individual stocks means adding a dozen or more companies to ensure your investment portfolio is properly diversified. Many investors choose ETFs because they help with diversification. However, with thousands of ETFs to choose from, deciding which to use…

From a purely statistical standpoint, Wall Street has enjoyed having Donald Trump in the White House. Although Wall Street’s broad-market indexes rise under most presidents, the average annual returns of the time-tested Dow Jones Industrial Average (DJINDICES:^DJI), benchmark S&P 500 (SNPINDEX:^GSPC), and tech-fueled Nasdaq Composite (NASDAQINDEX:^IXIC) are considerably higher under President Trump than under almost…

Bigger balances offer some good news, but retirement readiness still looks uneven for today’s 50-somethings.Credit: Getty Images / RgStudio Key Takeaways The share of 50-somethings with retirement accounts rose from 52% in 1989 to 61% in 2022, but progress has been uneven. Median retirement balances more than tripled over three decades, though gains were stronger…

The Federal Reserve raised its benchmark interest rate to 3.75% to 4% as officials confront persistent inflation, potentially increasing borrowing costs for consumers. President Donald Trump has spent months demanding lower interest rates. Instead, the Federal Reserve just moved them in the opposite direction. The Fed voted unanimously Wednesday to raise its benchmark interest rate…