Nearly half of American families have no retirement savings at all according to the Economic Policy Institute. The figure is even lower for Hispanic families with some estimating as few as one in four Latino families has a retirement account. That is why Carlos Garcia started Finhabit.
Finhabit is an app that comes in both English and Spanish and helps users start saving for retirement. Garcia wanted to start this product after his own personal experience. Garcia grew up on the Texas-Mexico boulder and despite being taught the importance of working hard, his parents did not display retirement saving habits. So even when Garcia started his first job at Merril Lynch, he was still behind. Garcia missed out on 2-years of saving for his 401K with a company-matching program because he had never heard of something like that.
Garcia says Finhabit has been growing by 100% each month and feels strong about future growth. The hope is to both educate Latinos and set more families about for secure financial futures.
Nvidia on Wednesday became the first public company to reach a market capitalization of $5 trillion. The ravenous appetite for the Silicon Valley company’s chips is the main reason that the company’s stock price has increased so rapidly since early 2023.
Chris Williamson, Chief Business Economist at S&P Global, breaks down September’s CPI print and inflation trends, explaining what it means for markets.
A big-screen adaptation of the anime “Chainsaw Man” has topped the North American box office, beating a Springsteen biopic and “Black Phone 2.” The movie earned $17.25 million in the U.S. and Canada this weekend. “Black Phone 2” fell to second place with $13 million. Two new releases, the rom-com “Regretting You” and “Springsteen — Deliver Me From Nowhere,” earned $12.85 million and $9.1 million, respectively. “Chainsaw Man – The Movie: Reze Arc” is based on the manga series about a demon hunter. It's another win for Sony-owned Crunchyroll, which also released a “Demon Slayer” film last month that debuted to a record $70 million.
