SUCCESS

The court withdrew its January opinion and replaced it with a new test focused on whether a partner plays a significant role in managing or running the business.

One of the most heavily-traded ETFs tracking performance in the U.S. Treasury market has just fallen to its lowest level in over 20 years.

You don’t have a hiring problem. You have a labor allocation problem.

A strong product rarely succeeds on its own. Authors Unite founder Tyler Wagner on why personal platforms, from books to podcasts, shape how audiences find and trust a business.

Payward will use Anthropic’s cybersecurity model to hunt vulnerabilities and share open-source findings.

Radio host and bestselling personal finance author Dave Ramsey has a blunt warning for Americans saving for retirement. Many people wonder if their 401(k) plan is properly preparing them financially for their post-career lives, or whether other investment tools such as Individual Retirement Accounts (IRAs) might be necessary.”So, is your 401(k) enough?” Ramsey asks. “It might be if you have access to a Roth 401(k), solid investment options and are able to invest 15% of your income.”But Ramsey adds a strong word of caution.”It might not be if one or more of those above points aren’t true in your case,” he wrote on Ramsey Solutions. “You may need to look at options outside your workplace retirement plan, like a Roth IRA.”Ramsey explains that, through his company’s National Study of Millionaires, he found that eight out of 10 millionaires invested in their company’s 401(k) plan. “It’s not the most exciting way to invest,” he wrote. “But it is exciting to become a millionaire!”It’s not the most exciting way to invest. But it is exciting to become a millionaire!”Even so, Ramsey urges workers to invest in Roth IRAs — accounts where people pay taxes upfront so they can watch their accounts grow tax-free and withdraw funds without paying those taxes when they retire.”The best tool you can use for investing beyond your 401(k) is a Roth IRA,” Ramsey wrote. “We surveyed more than 10,000 millionaires in our National Study of Millionaires. A huge majority (74%) said they invested outside of their workplace retirement plan. This isn’t an either/or situation — it’s both/and.”Tony Robbins says Roth 401(k)s are a key investment toolMotivational speaker and philanthropist Tony Robbins champions the financial advantages of using Roth 401(k)s for employees at companies that offer them.”The secret to the 401(k) is simple,” Robbins wrote in his “Money: Master the Game” book. “You have to do it.”But you have to do it within a cost-efficient plan and take advantage of the Roth 401(k) (especially if you believe taxes will go up for you in the future),” he added. “Most people won’t make the commitment to save more today, but they will make the commitment to save more tomorrow.”Ramsey emphasized that he agrees with that approach.”If you have access to a Roth 401(k), you should always pick that option,” Ramsey wrote. “Nobody knows what tax rates will look like in the future, so it’s smart to pay taxes now — before your money has a chance to grow. That way, you can enjoy tax-free withdrawals in retirement.”IRS outlines 2026 401(k), IRA contribution limitsThese 401(k) plans and IRAs are available to retirement savers, but they have contribution limits.For 2026, the maximum employee contribution for 401(k) plans has risen to $24,500, up from $23,500 in 2025, according to the Internal Revenue Service (IRS). More on personal finance:Charles Schwab, Fidelity alert workers to forced 401(k) ruleDave Ramsey warns Americans on 401(k)s, IRAs (he’s not wrong)Congress research arm warns Americans on 401(k), IRA penaltyThe IRA contribution limits include catch-up contributions for older savers.”The limit on annual contributions to an IRA is increased to $7,500 from $7,000,” the IRS explained. “The IRA catch‑up contribution limit for individuals aged 50 and over was amended under the SECURE 2.0 Act of 2022 (SECURE 2.0) to include an annual cost‑of‑living adjustment is increased to $1,100, up from $1,000 for 2025.”

Dave Ramsey warns Americans about 401(k) and IRA retirement savings plans and how to avoid pitfalls.Shutterstock

Dave Ramsey warns on traditional 401(k) plansRamsey includes a scenario retirement savers should be aware of.”Let’s say you’re retired and have both a traditional 401(k) and a Roth IRA,” he wrote. “It’s time to start making withdrawals, and you want to withdraw $25,000 from each account for $50,000 of annual income.””Because your IRA is a Roth plan, you can take out $25,000 every year and not owe any taxes on it,” Ramsey continued. “No problem there! Since most Roth IRA withdrawals in retirement do not count as taxable income, it puts less stress on you at tax season too.”But Ramsey warns people about a pitfall regarding traditional IRAs.”Your traditional 401(k) is a different story,” Ramsey wrote. “Those withdrawals do count as taxable income. If your retirement income puts you in the 12% tax bracket, you’ll actually have to withdraw around $28,000 from your 401(k) every year to cover your taxes and still get the income you need.””An extra $3,000 might not seem like much, but it adds up over time,” he emphasized. “If your retirement lasts 30 years, you’ll end up withdrawing almost $100,000 more from your 401(k) than your Roth IRA just to maintain your income.”Dat Ngo, a licensed CPA and personal finance professional at Vetted Prop Firms, adds another important note.”A good way to go about saving for retirement is to slowly increase your contribution amount rather than wait for a time when you might be able to make a substantial increase,” Ngo wrote in an email to TheStreet.”A good example of this would be to increase your 401k contribution each time you get a raise.”Related: AARP warns Americans on 401(k), IRA costly mistakes

If Meta’s court loss from two weeks ago in New Mexico left the company’s shareholders shaken, the court battle that is just beginning in California could turn out to be an existential crisis for the social media giant. Meta shares closed trading down 3.54% Monday, August 17, as markets seemed to prep for the beginning of opening arguments Tuesday in the trial against the company over allegations that it purposefully got teens and children addicted to its social media platforms.Four states – California, Colorado, Kentucky and New Jersey – are seeking up to $1.4 trillion in penalties against Meta, which they claim violated consumer protection laws, including the Children’s Online Privacy Protection Act. Meta’s last-ditch effort to stop the trial was rejected last week by the Ninth Circuit Court of Appeals, which ruled that Meta did not have the “immunity” from liability its defense asserted under Section 230 of the Communications Decency Act. Meta contends that the district court’s denial of its Section 230 immunity is immediate grounds for appeal should it lose the trial.“On the eve of trial, Meta has resorted to seeking an emergency stay in the appellate courts. Meta’s latest effort to get out of taking accountability has failed — again,” said California Attorney General Rob Bonta. The lawsuit was originally filed in 2023.Meta filed a motion to dismiss in 2024 that was rejected and also attempted to obtain a summary judgment in June that would have terminated the lawsuit. What is Meta accused of doing?Back in 2023, a coalition of 33 attorneys general led by California’s Rob Bonta filed a lawsuit in the U.S. District Court for the Northern District of California alleging that Meta “designed and deployed harmful features on Instagram and Facebook that addict children and teens to their mental and physical detriment.”According to Bonta, “Meta has been harming our children and teens, cultivating addiction to boost corporate profits.”The lawsuit claims that Meta created a business model “focused on maximizing young users’ time on its platforms” while it also used “harmful and psychologically manipulative” features to keep them addicted. It also claims that Meta misled the public about the safety of those features. According to the lawsuit, those harmful and psychologically manipulative features include:Dopamine-manipulating recommendation algorithms.”Likes” and social comparison features known by Meta to harm young users.Audiovisual and haptic alerts that incessantly recall young users to Meta platforms.Visual filter features that promote body dysmorphia.Infinite scrolling designed to discourage users’ ability to self-regulate.Related: Meta business model in trouble from $1.4 trillion lawsuitMeta is also accused of trying to “conceal and downplay” the psychological and physical harm that its platforms can have on young people “despite the strong and well-researched links” between its use and adverse effects on them. “Meta designed a dangerous product for young users, knew it to be dangerous, and then lied to children, families, and the community about how dangerous it was. We are ready to hold Meta accountable for its role in fueling the mental health crisis of American children and look forward to trial,” Bonta said.

States claim Meta’s social media platforms are harmful to teens and young people. Olga Pankova / Getty Images

What’s at stake for Meta?The lawsuit against Meta alleges that the company has been in violation of the law protecting children since “no later than 2012, and such claims have continuously accrued through the present.”That accrual helped shape the $1.4 trillion in damages the lawsuit seeks, but the attorneys general are looking for more than monetary restitution. They are also seeking major changes at the $1.46 trillion company. While Meta currently has an age limit of 13 for most general accounts, the lawsuit claims that the company’s age verification system is severely lacking. Stronger age verification is just one of the changes states want Meta to make; others include changes to its algorithms that make it so that it is less addictive, the removal of image filters that contribute to body dysmorphia, ending autoplay on video content, prohibiting the creation of multiple accounts, and blocking Instagram Stories.While those features are part and parcel of the Meta user experience for adults, the lawsuit claims that children should not be exposed to them. Meta lost but will appeal in New MexicoEarlier this month, Meta was fined $567 million by a New Mexico court over its failure to warn the public about the dangers its social media platforms presented to children. It was the largest fine the company has ever faced over child safety. That fine was in addition to the $375 million it was already ordered to pay in the case, bringing its total to $942 million. “We disagree with the ruling and will appeal,” Meta said after the ruling, according to the BBC. “We work hard to keep people safe on our platforms and have been transparent about the challenges of identifying and removing bad actors and harmful content.”We remain confident in our record of protecting teens online and will continue to defend ourselves against claims that misrepresent the facts.”Meta has also said it intends to appeal the $375 million verdict. Judge Bryan Biedscheid, who presided over the case, was very forceful in his condemnation of Meta following the ruling. He said the harms wrought by Meta were a “public nuisance” and said that the harmful effects of the company’s policies were on par with “noxious pollution produced by the factory [that] can harm the common public right to reasonably clean air.” He also identified “the psychological harm and sexual exploitation of children to be the pollution that must be abated.”Related: SpaceX, Google, Meta position themselves as the best of AI’s rest

Immediately following Mangione’s guilty plea in federal court, his legal team began trying to get his state case thrown out, citing New York’s double jeopardy law.

A hiker outside cell range can still send a text for help, thanks to a satellite network most people never think about.Rocket Lab Corp. (RKLB) builds pieces of that network, and on Sunday, Aug. 16, it confirmed that eight satellites it built for MDA Space have reached orbit and begun operating, the first delivery under a $143 million contract signed in 2022. But the network they are joining is changing hands, and so is Rocket Lab’s own business.The eight space crafts launched Aug. 15 at 9:12p.m. Eastern time from Cape Canaveral Space Force Station in Florida, according to Rocket Lab.The company said it has made contact with all eight and confirmed they are generating power and operating normally, with commissioning now underway. Each spacecraft weighs about 500 kilograms and was built and tested at Rocket Lab’s headquarters in Long Beach, California.The satellites feed a network Amazon is buyingMDA Space is the prime contractor overseeing the replenishment of Globalstar’s satellite constellation, according to Rocket Lab. Globalstar uses that constellation to power direct-to-device texting and emergency messaging on the iPhone, a service Apple committed roughly $1.5 billion to expand in 2024, reported CNBC.That means the eight satellites Rocket Lab just delivered are not simply replacing aging hardware. They are becoming part of Amazon’s answer to Elon Musk’s Starlink, built by a subcontractor almost nobody associates with that rivalry.Apple’s iPhone satellite features, used by millions of people who have never heard of MDA or Rocket Lab, depend on hardware this small space company assembled in Long Beach.

Rocket Lab’s eight MDA-built satellites reached orbit Aug.15, the first of 17 under a $143 million deal feeding Globalstar’s network.CHANDAN KHANNA / Getty Images

Rocket Lab’s own business has quietly flippedThis delivery lands as Rocket Lab’s own identity shifts away from rockets. In the second quarter of 2026, the company’s Space Systems division, which builds satellites and components, generated $189.5 million in revenue, up 38.6% from the prior quarter, according to the company earnings call transcript.Launch Services, the business Rocket Lab was founded on, brought in $44.6 million, down 30% over the same period.Related: Bank of America reveals Rocket Lab stock outlook after earningsThe $143 million MDA contract looks modest next to those numbers now. Total backlog reached $2.36 billion by the end of the quarter, and Space Systems accounts for 60% of it, according to the transcript.Building satellites for other companies has become the larger and steadier half of Rocket Lab’s business, even as Electron launches and the upcoming Neutron rocket still draw most of the attention from investors.A pending Iridium deal raises the stakesRocket Lab is also working to acquire Iridium Communications, a deal expected to close in mid-2027 that would add a 66-satellite network and more than $870 million in annual revenue.Paired with this year’s acquisition of laser-communications maker Mynaric, the strategy points toward a company that eventually operates satellite networks, not just one that builds hardware for others.Investors gave the MDA milestone a modest reception. RKLB shares rose 1% in after-hours trading Sunday night, following a week in which the stock had fallen 3% to close at $80.25.Manufacturing, not launch, is the real prizeRocket Lab’s trajectory points to a broader shift across the space industry. Getting a rocket off the ground still generates the headlines, but building and eventually owning the satellites in orbit is where the recurring revenue now sits.Amazon’s willingness to spend $11.57 billion buying an existing constellation, rather than building one from scratch, shows how valuable operating satellites and their components have become in recent times.More Rocket Lab:Why Morgan Stanley thinks Rocket Lab is becoming ‘Player 2’Rocket Lab just put its biggest 2026 milestone at riskRocket Lab just landed a $266 million rocket dealFor Rocket Lab, the eight satellites now operating in orbit are a small, verifiable proof point in that larger shift. Nine more spacecraft remain under the MDA contract, and the company has not said when they will launch.Each successful delivery adds evidence that Rocket Lab can build satellites at scale, the same trust it will need if its ambitions stretch from building networks for other companies to running one of its own.Related: SpaceX’s own ambitions just became Rocket Lab’s opportunity

Jeanie Buss once said that her father wanted Buss family to own the Lakers’ forever. What changed?