Help is on the way for lower-income U.S. workers struggling to save for retirement. Beginning next year, a website managed by the federal government will not only steer workers toward a selection of low-cost retirement account options, but will explain how to ask the federal government to chip in some money into these accounts on behalf of lower-income workers. That's the broad takeaway from Presi...
Help is on the way for lower-income U.S. workers struggling to save for retirement. Beginning next year, a website managed by the federal government will not only steer workers toward a selection of low-cost retirement account options, but will explain how to ask the federal government to chip in some money into these accounts on behalf of lower-income workers. That's the broad takeaway from President Trump's executive order given at the end of last month anyway. The order instructs the Secretary of the Treasury to establish the website "TrumpIRA.gov" where a list of all the qualifying retirement accounts ( IRA s) will be provided, along with instructions on how savers can claim up to $1,000 worth of a federally funded match of their own contributions to their retirement accounts. Of course, when it comes to money and the federal government, details matter. Continue reading
Arturo Peña Romano Medina/iStock Unreleased via Getty Images Super Group ( SGHC ) Limited ( SGHC ) reported strong Q1 results on the 11 th of May. The online gaming operator’s earnings momentum remains fast in all major markets, but especially in Africa as a segmenting change underlines. The 2026 FIFA World Cup bolsters the short-term outlook, which Super Group’s 2026 guidance doesn’t seem to acco...
Arturo Peña Romano Medina/iStock Unreleased via Getty Images Super Group ( SGHC ) Limited ( SGHC ) reported strong Q1 results on the 11 th of May. The online gaming operator’s earnings momentum remains fast in all major markets, but especially in Africa as a segmenting change underlines. The 2026 FIFA World Cup bolsters the short-term outlook, which Super Group’s 2026 guidance doesn’t seem to account for. Overall, Super Group’s growth story remains on track after the report. I downgraded my rating to Hold in my previous September 2025 article on the stock, titled “ Super Group: Investor Day Ambition Is Mostly Priced In ”. The stock has since returned 3%, slightly underperforming the S&P 500’s 11% gain. My Rating History on SGHC (Seeking Alpha) Super Group Q1 Earnings Continue the Growth Story First quarter results continued Super Group’s growth story. Revenues came in at $612 million through 18% year-on-year growth, reaching a new all-time high for the company. The number of active customers grew at a similar pace to 6.4 million. The topline result came in $26 million above Wall Street’s consensus , marking the 15 th consecutive revenue beat. The quarter solidifies Super Group’s focus on African markets; the company changed its reportable segments from Betway and Spin, the company’s two brands, to Africa and International. Super Group notes that the change was made due to a shift in strategic focus to regional performance. The company’s growth in Africa clearly underlines the rationale – the market’s revenues grew by 33% year-on-year to $267 million in Q1, reaching 44% of total revenues. iGaming growth was especially strong in Africa, but sportsbook revenues also grew very well. Africa is Super Group’s clear focus point as the company plans to expand its presence on the continent in coming years. SGHC Q1'26 Investor Presentation Other markets weren’t weak either. Super Group reported 9% international growth to $339 million, reflecting 18% growth in Europe, 5% growth...
Following the closest Senate vote since the confirmation requirement began in 1977, Kevin Warsh has officially been cleared to become the next chair of the Federal Reserve. Under his coming leadership, Warsh has vowed that monetary policy will remain "strictly independent" and has advocated for a strict return to the Fed’s dual mandate of price stability and maximum employment. He's also seeking a...
Following the closest Senate vote since the confirmation requirement began in 1977, Kevin Warsh has officially been cleared to become the next chair of the Federal Reserve. Under his coming leadership, Warsh has vowed that monetary policy will remain "strictly independent" and has advocated for a strict return to the Fed’s dual mandate of price stability and maximum employment. He's also seeking a new framework with new communication , as well as aiming to shrink the Fed’s $6.7T balance sheet "slowly and deliberately." Warsh will take the reins of the central bank tomorrow when current Chair Jerome Powell's term comes to an end. Background: A former Morgan Stanley executive and economic advisor to President George W. Bush, Warsh originally gained national prominence in 2006 as the youngest person ever appointed to the Fed's Board of Governors. He ended up serving as a lieutenant to then-Chairman Ben Bernanke, playing a critical role in the aftermath of the 2008 financial crisis. During that period, he became the Fed's central liaison to financial markets to rescue Wall Street, but ultimately resigned from his position due to policy disagreements regarding the expansion of monetary stimulus and quantitative easing. "Though Warsh often had a hawkish bias during his time as a Fed governor from 2006 to 2011, especially after the global financial crisis, his remarks more recently have leaned in the opposite direction," SA Analyst Principal Financial Group writes in Warsh The Reformer: A New Era For The Fed . "He has argued that the U.S. economy faces an enduring AI-driven productivity boom that will lead to significant disinflationary pressures. Indeed, given what's at stake, this is an area in which Chair Warsh is likely to push Fed staffers to produce more research to inform policy direction. He's also doubtful of current measures of inflation, preferring instead trimmed mean or median measures—both of which are running below headline or core PCE inflation." Current dy...