Apple’s stock could rise 30% if it strikes an Nvidia deal for AI, this analyst says

Over the July 4th weekend, the Honorable William Reynolds Archer Jr. passed away at the age of 98. Mr. Archer served in the Texas House of Representatives from 1967 to 1971 and the US House of Representatives from 1971 to 2001, including as Chairman of the House Ways and Means CommitteeThe Committee on Ways and Means, more commonly referred…

US consumer sentiment fell for the first time in three months as households worried about worsening business conditions and rising inflation. The University of Michigan’s preliminary August sentiment index decreased to 51 in August, according to the survey released Friday, from a final reading of 55.2 in July. The median forecast from…

The Department of the Treasury and the IRS proposed regulations spelling out how employers can contribute to Trump Accounts for workers and their dependents, providing companies with a framework for the new tax-favored employee benefit while imposing nondiscrimination and administrative requirements. The proposed regulations, published Tuesday in the Federal Register, also address nondiscrimination rules for employer-sponsored dependent…

SEI Investments Co. and WTW Investments, a division of WTW, announced a partnership to develop private market funds available through collective investment trusts. WTW will provide investment and operational due diligence, as well as research support for private market strategies used in retirement-focused CITs and evergreen solutions, according to the announcement. According to Christy Loop,…

Proposed legislation targeting “mega” retirement accounts has put high-net-worth IRAs and 401(k)s back in Washington’s crosshairs. The bill would force wealthy account holders to take mandatory distributions and block new contributions — a response to data showing some investors have accumulated multi-million-dollar balances through early-stage private equity and startups. But while similar proposals have stalled…