Wall Street is heading into the close on Wednesday with two things on its mind: the Fed's favorite inflation gauge and Micron Technology. According to Bloomberg, US stocks paused ahead of both, with the inflation data key for interest rates and Micron's report key for the AI trade. Micron reports fiscal fourth-quarter results after the closing bell, and a big move in either direction could ripple into Asian chip stocks when markets open in the morning. The Numbers, Verified Across Sources What Micron guided (SEC filing): For the quarter ending in August, Micron told investors to expect revenue of $50 billion, give or take $1 billion, non-GAAP earnings of $31 per share, give or take $1, and a gross margin of about 86%. What analysts expect (Alphastreet, 33 analysts): Consensus sits at $31.56 per share on $51.20 billion in revenue, slightly above the top half of Micron's own guidance range. Estimates are wide, running from $28.04 to $37.44 per share for earnings and from...
Not sure how much to set aside each month toward this goal? The [50/30/20 budgeting rule] is a simple way to make sure you're consistently saving toward it. If you've ever tried to Google "how much do I need to retire," you've probably run into a wall of contradictory advice one article says $1 million, another says $2.5 million, a third insists it depends on "your lifestyle" without ever explaining how to actually calculate it. It's one of the most searched personal finance questions on the internet, and somehow also one of the most poorly answered. There's actually a simple, widely-used formula that cuts through most of this confusion. Let's break it down properly. The 25x Rule (And the Math Behind It) The most commonly cited formula comes from something called the 4% rule, based on research into how much a retiree can safely withdraw from their portfolio each year without running out of money over a 30-year retirement. Flip that 4% around...