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Six Flags permanently closes iconic ride after scary allegations 

October 8, 2026 MMN Editor Filed Under: Uncategorized

It starts small. First, your child bumps their head when they first start to walk, and you barely survive it. Fast forward a few years, and they are practicing balancing their bike on one wheel as you hold your breath. 

You can’t say “no” to everything; you need to let them grow. You hope they won’t be riding motorcycles or jumping out of airplanes one day, though it is not your call. 

But what about visiting a place that has been considered safe for more than a century, a fun and friendly theme park? Amusement parks have been a staple of American culture for more than 180 years, originating in the mid-19th century.

Many parents operate under the assumption that federal authorities rigorously inspect every roller coaster. In reality, the Consumer Product Safety Commission (CPSC) has very limited regulatory authority over fixed-site theme parks, leaving oversight to a patchwork of state laws or internal park self-inspections, according to CPSC. 

“So we want parents to learn in their state how rides are being inspected, by whom, and how often, so they can make the decision for themselves whether or not they want to take that risk before they go on the ride,” said Tracy Mehan, director of research translation at Nationwide Children’s Hospital, as reported by CNN. 

When parents hand over tickets to a major theme park they expect thrills, not traumatic injury.

Six Flags permanently closes iconic X2 roller coaster 

Six Flags’ X2 roller coaster first opened on Jan. 12, 2002, at its Magic Mountain park in Valencia, Calif., as the world’s first fourth-dimension roller coaster. 

Back then, it was simply called X. It featured seats that rotated 360 degrees forward and backward independently of the train’s main chassis. 

The ride underwent a $10 million makeover in 2007–2008 that turned it into X2, adding lighter trains, a new restraint system, and onboard audio. 

On Sept. 29, Six Flags confirmed the ride had closed for good amid a series of lawsuits alleging traumatic injuries caused by the ride. 

Magic Mountain President Brian Oerding announced the decision to permanently retire X2, even though the ride “consistently passed a multitude of safety tests,” because “we believe it’s the right thing to do.

“Ride safety is a cornerstone of our business, and when we see guest confidence affected, we take it seriously,” Oerding stated. 

Oerding said more than 16 million guests have ridden X2 since it reopened in 2008.

Six Flags has argued in court that X2 was inspected daily and that a rider following the rules would not suffer a traumatic brain injury, according to a KCBS report.  

Six Flags permanently closes its iconic X2 roller coaster after brain-injury allegations.Mathew Imaging / Getty Images

Six Flags’ X2 coaster had a history of severe brain injury allegations

In late September, three lawsuits were filed, alleging that riders suffered brain injuries after riding X2. 

More than 100 riders alleged these types of injuries from the Six Flags roller coaster, following a CNN investigation. 

In July 2026, two women reportedly suffered life-threatening brain hemorrhages (subdural hematomas requiring emergency brain surgery) within six days of each other after riding X2.

California’s Division of Occupational Safety and Health (Cal/OSHA) opened an inspection into a reported July 5 incident on X2 and said it could not share further details while the inspection was ongoing, the Los Angeles Times reported.

Six Flags closed the ride on July 12.

In August, CNN published an investigation, reporting on the ride’s long history of incidents and at least two deaths. 

X2 was a rare 4th-dimensional roller coaster featuring 360-degree rotating seats that reached speeds of 76 mph. Only two other coasters like it exist in the world, located in China and Japan, which closed temporarily last year after a fatal injury involving a park worker inspecting the ride, CNN reported. 

“In our professional opinion, the severe brain injuries requiring emergent neurosurgical attention were the result of a traumatic rapid acceleration-deceleration event experienced while on the X2 ride,” the surgeons wrote in an email obtained by CNN. 

Experts also told TIME that sudden acceleration, twisting, and shifting can stretch brain tissue and pressure blood vessels, potentially increasing the risk of concussions and bleeding. 

A 2014 life-threatening injury after X2 ride drew little public attention 

In September 2014, Selena O’Neill, then 17, stumbled as she stepped off X2. She had trouble walking straight and seeing clearly. Then she started shaking, and her leg pointed in a strange position. 

The next day she went to the doctor, had a seizure during the appointment, and learned she had a subdural hematoma. 

Also called subdural hemorrhage, a subdural hematoma happens when a blood vessel near the surface of the brain bursts and blood builds up between the brain and its tough outer lining, according to Harvard Health Publishing. It is a life-threatening problem because it can compress the brain.

Related: Southwest Airlines’ new points giveaway rewards this phone habit

Doctors directly attributed O’Neill’s condition to the ride, according to CNN. 

In a 2019 medical journal article, without naming X2, doctors wrote about her case and cautioned that “advances of roller-coaster technology and industry competition for thrill-seeking patrons may ultimately improve acceleration and performance beyond the passenger’s physical ability to tolerate them.” 

O’Neill sued the theme park in 2015 and the case was closed in 2017, after O’Neill settled with the maker of X2’s vehicles.

According to court filings as reported by CNN, Six Flags argued that she should have been aware of potential risks before taking the ride. 

Brain-trauma death followed X2 ride in 2022

In June 2022, 22-year-old Christopher Hawley died from severe brain trauma less than 10 hours after riding X2, according to CNN. 

Court records show Hawley’s head slammed violently against his seat during the ride, causing massive brain bleeding. Doctors compared his fatal injuries to shaken baby syndrome. CNN also noted this was the second death linked to the coaster, following another fatal brain injury in 2010. 

Doctors in the 2010 case believed an existing brain abnormality ruptured because of the ride’s intensity.

Six Flags had received at least 70 prior head- and-neck injury complaints regarding X2 in the three years leading up to Hawley’s death, CNN reported.

Despite these warnings, the theme park fought successfully in court to keep its medical incident logs sealed from the public. Other frequent park visitors told CNN they felt management dismissed their reports of concussions.

State officials cleared X2 to reopen days after the fatality, but CNN reported that maintenance workers swapped a train wheel before inspectors arrived. 

Safety experts noted that state oversight relies heavily on industry-written guidelines that fail to measure real-world head impacts. 

Hawley’s parents sued Six Flags over the tragedy, and court records show the lawsuit ended in a settlement.

Related: Airbnb CEO says travelers are about to see big changes

Vanguard spotlights Roth IRA trap hiding in your income

October 8, 2026 MMN Editor Filed Under: Uncategorized

A worker’s income decides whether they qualify to contribute directly to one of the most valuable tax-advantaged retirement accounts available to them. 

The Roth individual retirement account (IRA) offers tax-free investment growth and withdrawals in retirement, but annual income limits determine who can contribute. 

Vanguard’s 2026 Roth IRA contribution limits guide reveals a phase-out zone that can shrink or eliminate your allowed Roth IRA contribution once earnings cross a threshold. 

The risk is greatest for workers who fund their account early and later receive a raise, bonus, or capital gains that exceed the ceiling. The penalty for contributing more than the Internal Revenue Service (IRS) allows recurs annually until corrected. 

The problem is harder to detect because your modified adjusted gross income (MAGI) can change unpredictably throughout the calendar year.

Also Read: Vanguard flags costly blind spot in 401(k) Roth savings

Vanguard flags 2026 Roth IRA phase-out thresholds for savers

The 2026 Roth IRA contribution limit is $7,500 for savers under age 50, and $8,600 for those aged 50 or older. Those caps rose from $7,000 and $8,000, respectively, in 2025, reflecting cost-of-living adjustments (COLA) that the IRS published in Notice 2025-67.

Single filers with MAGI below $153,000 can contribute the full amount, but the allowance shrinks within the $153,000-$168,000 phase-out range, Vanguard noted. Direct Roth IRA contributions drop to zero once a single filer’s MAGI reaches $168,000, the IRS confirmed.

Married couples filing jointly face a narrower phase-out range of $242,000 to $252,000, leaving households only $10,000 in income to clear before total disqualification.

That compressed range makes a year-end bonus or a spouse’s freelance earnings particularly risky for couples who contribute their full amount in January 2026.

The single-filer phase-out range rose $3,000 compared to 2025, when the band ran from $150,000 to $165,000. For married couples filing jointly, the range climbed $6,000, from $236,000 to $246,000 in the prior year, the IRS confirmed.

Participation in an employer-sponsored retirement plan does not affect Roth IRA eligibility, the IRS’s retirement-topics guidance stated. 

Savers covered by a 401(k) at work can still contribute to a traditional or Roth IRA, with Roth contributions limited only by the MAGI thresholds above.

What the IRS changed in 2026 retirement contribution limits

The IRS raised the annual IRA contribution limit to $7,500 from $7,000 for the 2026 tax year, the agency announced in Notice 2025-67. 

Catch-up contributions for individuals aged 50 and over also rose to $1,100 from $1,000, reflecting inflation indexing introduced under the SECURE 2.0 Act.

Those contribution limits apply to all of a saver’s traditional and Roth IRAs combined, meaning additional accounts do not increase the total, the IRS states in Publication 590-A.

More Vanguard:

Vanguard’s new 401(k) numbers have good news for Millennials

Vanguard doubles down on U.S. stocks with 4 new ETFs

Vanguard sends urgent warning on a major 401(k) growing problem

Despite the higher ceilings, savers with variable income from bonuses or stock options may not discover they exceeded the revised thresholds until year-end, Vanguard warned. 

A contribution that looked safe under the new limits in January 2026 can become an excess by December 2026 if earnings climb, the firm noted.

The IRS raised 2026 IRA contribution limits, but higher earners should watch variable income to avoid costly excess contributions.tdub303 / Getty Images

The compounding 6% excise penalty the IRS charges on excess contributions

The IRS levies a 6% excise tax on any excess Roth IRA contribution for every year the surplus stays in the account. That penalty recurs automatically for each tax year the saver leaves the overcontribution unresolved.

Nick Bour, Founder and CEO of Inspire Wealth, told Forbes Advisor that excess IRA contributions are more widespread than most savers realize.

This is a far more common issue than one may think, especially for self-employed people or people that may have made too much money to qualify for deductible contributions or a Roth IRA contribution,

A $1,000 excess contribution generates $60 in annual penalties that persist until the saver withdraws the surplus or applies it to future years. 

The IRS caps the tax at 6% of either the excess amount or the combined year-end value of all the saver’s IRAs, whichever is lower, and savers report it on Form 5329.

How savers with unpredictable earnings can protect their Roth IRA

Savers who discover that their MAGI exceeds the phase-out ceiling after contributing can request a refund of excess contributions from their custodian before their tax-filing deadline, under IRS Publication 590-A.

For 2026 contributions, the deadline falls on April 15, 2027, and extends to October 15, 2027, for savers who filed for a tax extension.

In certain cases, the contribution can instead be recharacterized as a traditional IRA contribution under IRS rules that still allow regular contributions.

For workers whose earnings consistently exceed the income limit, Vanguard outlines a backdoor Roth IRA strategy that uses traditional IRA conversions to bypass the restriction. That approach requires contributing to a non-deductible traditional IRA first, then converting the balance to a Roth account.

Lisa Featherngill, an Independent Consultant at Wealth by Design LLC, told Fox Business the 2026 ceilings help workers shelter more income, a change “especially helpful as retirement gets longer and more expensive.”

Related: Vanguard uncovers the real cost of early Social Security

Live news: Risk assets under pressure as bond selloff and oil rally intensify

October 8, 2026 MMN Editor Filed Under: Uncategorized

Rising Treasury yields, surging energy prices and a stronger dollar weigh on bitcoin and tech, while silver falls below $59 an ounce.

Bitcoin slips below $83,000 as Ethereum researcher’s ‘bunker mode’ call divides crypto

October 8, 2026 MMN Editor Filed Under: Uncategorized

Justin Drake’s call to prepare for an AI break of wallet cryptography drew a mixed response as bitcoin slipped below $83,000.

2 Funds That Dial Down the Risk

October 8, 2026 MMN Editor Filed Under: Uncategorized

Rapidly evolving artificial intelligence technology has driven sharp moves across AI-related stocks. As a result, many traditional, steady stocks have struggled to keep pace. Over the trailing 12 months through September 2026, for instance, the Morningstar US Low Volatility Factor Index’s 2.2% decline badly trailed the Morningstar US Market Index’s 15.3% rise. Morningstar’s Risk model also shows that volatility was among the best-performing factors over that stretch. Despite the underwhelming results, contrarian investors can benefit from owning funds that target steadier companies once the market’s enthusiasm cools. Two funds deliberately target the stable and proven businesses that tend to be left behind during sharp market rallies.Vanguard Global Minimum Volatility VMNVX, which earns a Morningstar Medalist Rating of Gold, uses a well-constructed approach that has powered compelling, long-term risk-adjusted returns. The Vanguard Quantitative Equity Group behind this strategy uses an optimizer to create a portfolio of 180–320 stocks. The optimizer selects and weights stocks from the FTSE Global All Cap Hedged Index based on both the volatility of their past returns (with recent data weighted more heavily) and how that performance relates to other potential holdings.The team runs the optimizer every day but trades only when it feels the scales tip in its favor (usually once every four to six weeks). Plus, the managers fully hedge currency risk with one-month forward contracts, which should help further reduce volatility. The result is a portfolio filled with mature franchises that may lack the upside of some flashier peers but absorb market turbulence well. Indeed, the fund’s returns ranked in the bottom decile in the global large-stock blend Morningstar Category in sharp rallies such as in 2020 and again in 2023. However, the fund has had a penchant for making up ground during turbulent times. From its late 2013 inception through September 2026, the Admiral shares captured just 64% of the benchmark’s returns during down markets. For instance, when tech stocks sold off and the index fell 21.3% peak to trough from Jan. 4, 2022, through Sept. 30, 2022, the fund fell a much more manageable 12.8%.Silver-rated iShares MSCI USA Min Vol Factor ETF USMV is another fund that targets low-volatility stocks. The exchange-traded fund tracks the MSCI USA Minimum Volatility Index, which pulls constituents from the MSCI USA Index. This benchmark uses the Barra equity model to estimate stocks’ volatility and considers their performance relative to other potential index constituents, which tends to better predict future risk. Rather than targeting a specific volatility level, the optimizer aims to construct the least volatile portfolio within a set of constraints. Optimization is somewhat of a black box, but it suits the strategy’s holistic approach and allows it to juggle an array of constraints, such as limiting turnover to 5% at each quarterly rebalance. The fund holds between 115 and 215 stocks, and top-10 holdings tend to soak up just 15% of the portfolio’s assets, on average, which mitigates single-stock and portfolio risks well.Like the Vanguard fund, this portfolio is not built to shine in rising markets, but it has made up for it in choppier periods. It, too, had relatively weak results compared with its large-blend category peers in 2020, 2021, and 2023 but held up well in the 2022 market selloff. So, while investors had to stomach bottom-decile returns in 2025 and through the first nine months of 2026, those who stick with this strategy should be rewarded.This article first appeared in the September 2026 issue of Morningstar FundInvestor. Download a complimentary copy of FundInvestor by visiting this website.

The Thrilling 37

October 8, 2026 MMN Editor Filed Under: Uncategorized

It’s time once again for the Thrilling 37. As you may recall, this is a list I generate with simple, strict criteria to narrow a universe of thousands of fund share classes down to a short list ranging between 25 and 50. It’s purely a screen; I don’t make any additions or subtractions. One change this year: I’m including exchange-traded funds.With so many funds out there, you can be choosy. It’s better to set high standards on the most important factors than to screen on minor data points. I emphasize fees, Morningstar Medalist Ratings, long-term performance, and fund company quality.I also throw out funds with Morningstar Risk ratings of High because investors have a hard time using the most volatile funds well: They’re hard to hold on to in downturns and tempting to buy after they’ve already rebounded from past lows. The Morningstar Risk measure is relative to peers, meaning there are emerging-market funds with Low risk ratings and short-term bond funds with High risk ratings. It tells you about relative risk, not absolute risk. Specifically, it tells you about downside volatility over the trailing three, five, and 10 years.Here are the tests:Expense ratio in the open-end Morningstar Category’s cheapest quintile. (I use the prospectus-adjusted expense ratio, which includes underlying fund fees but does not include leverage and shorting costs.)Manager investment of more than $1 million in the fund (the top rung of the investment ranges reported in SEC filings).Morningstar Risk rating lower than High.Morningstar Medalist Rating of Bronze or higher.Parent Pillar rating better than Average.Returns greater than the fund’s category benchmark over the manager’s tenure for a minimum of five years. In the case of allocation funds, I also used category averages because benchmarks are often purely equities or bonds and therefore not good tests.Must be a share class accessible to individual investors with a minimum investment of no greater than $50,000.No funds of funds.Morningstar analysts must rate the funds.There’s a simple tool on the Morningstar FundInvestor site called FundInvestor Selector that lets you enter a ticker and see how your fund stacks up on the tests plus the People rating. This year, we have 37 funds, including five ETFs. Seven funds dropped off last year’s list of 33. That means 11 of the 37 funds were not on the 2025 list.American Funds Capital World Growth and Income CWGIX has enjoyed a strong 18 months of performance and slightly lower fees, and that’s enough to get the fund on the list. The return improvement means the fund’s 20-year returns, which include the longest-serving manager Sung Lee’s tenure, are now ahead of peers. Four of the fund’s managers have more than $1 million invested in the fund, and they have done a fine job balancing its income and capital appreciation goals.Dodge & Cox Balanced DODBX reflects the depth of Dodge & Cox. The firm does outstanding stock and bond investing with a large, experienced cadre of analysts and managers. Remarkably, every Dodge & Cox fund qualified for the Fantastic list.Dodge & Cox Emerging Markets Stock DODEX shows the firm can adapt to its environment. It already had robust coverage of developed markets but wanted more names to build a diversified emerging-market fund. So, Dodge & Cox built up its quantitative effort to identify more emerging-market companies that fit its house value approach. The results have been outstanding.Fidelity Blue Chip Growth FBCG is our first ETF to make the grade. Investments in artificial intelligence have driven the fund’s impressive five-year returns. Manager Sonu Kalra’s focus is on growth potential, and he doesn’t mind paying high prices for current earnings if companies can grow into them. The mutual fund, which has a longer record, did not qualify for our list because it has a High risk rating, whereas the ETF’s is Above Average.With few constraints and no set benchmark, FPA Flexible Fixed Income’s FFIRX goal is to produce a positive absolute return over trailing three-year periods while beating inflation by 200 basis points over five years. So, while those targets—and a risk-sensitive culture at First Pacific Advisors—make it unlikely to go to extremes, the strategy’s only constraint on interest rate risk, as measured by duration, is to stay positive. It can also hold up to 75% of assets in debt rated BBB or lower.FPA has run this fund’s sibling, FPA New Income FPNIX, with great long-term success. This fund has more flexibility but shares much of its sibling’s style and process.JPMorgan Core Plus Bond ETF JCPB is a real bargain for an expense ratio of just 0.37%. A deep team runs the strategy that aims to outperform the bond market by taking on a little more credit risk and making top-down calls on interest rates and sectors. Securitized debt looms large here. Agency mortgage-backed securities typically account for about half of the 35% to 50% in securitized assets. The fund has topped peers and the benchmark over the trailing five years.Neuberger Short Duration Income ETF NBSD embraces more risk than its peer FPA Flexible Fixed Income. Converted from a mutual fund in 2024, the ETF owns more high-yield and securitized bonds than peers, which boosts both income and risk. Pimco Active Bond ETF BOND is not a clone of Pimco Total Return PTTRX. It has different managers and focuses on income rather than total return. That said, the team running the fund is in the firm’s total-return group and owns some of the same things that Pimco Total Return owns. The fund is somewhat cautious, making fewer currency bets than its sibling, and is restrained with high yield. It does own a fair amount of securitized debt, though. (I own the open-end fund in my 401(k).)T. Rowe Price U.S. Equity Research PRCOX is an unlikely fit for this list. The fund keeps its sector allocations in line with its benchmark and tries to beat it by giving analysts buy/sell power within their industries. In most years, the fund’s returns are within 100 basis points of its index, but the analysts have logged enough wins to pull ahead over time.TCW Flexible Income ETF FLXR began as an open-end fund in 2018 and converted to an ETF in 2024. In both forms, it has outperformed its multisector income peers by a wide margin. However, it will be hard for the fund to repeat its exceptional performance as it made bold bets on small-scale interest-only securities that it couldn’t do today at its larger size.Vanguard Global ESG Select Stock VESGX has beaten its benchmark by a modest amount over Yolanda Courtines’ seven-year tenure. Courtines and her Wellington colleague Samuel Cox look for good stewards capable of generating strong returns on capital. Taiwan Semiconductor Manufacturing TSM, Microsoft MSFT, and Visa V top their portfolio. The fund is putting up excellent returns in 2026.Who Fell Out?Here’s a quick look at which funds from last year’s list fell out and why. American Funds New Economy ANEFX lagged its benchmark by just a few basis points. Fidelity Contrafund FCNTX dropped because its expense ratio is now just over the line, and manager Will Danoff is retiring.Fidelity Total Bond FTBFX continues to perform well, but its expense ratio fell out of the cheapest 20%. Meridian Growth MERDX was dropped from coverage, but it also failed the expense ratio and returns tests.Vanguard Capital Opportunity VHCAX, Vanguard Primecap VPMCX, and Vanguard Primecap Core VPCCX are having a great year, so they didn’t fail the returns test. All three clocked in with a Risk rating of High, so out they go. (I own Vanguard Capital Opportunity and Vanguard Primecap Core.) Additional Ownership DisclosureBesides the funds mentioned above, I also own American Funds Washington Mutual AWSHX, Dodge & Cox International Stock DODFX, and Primecap Odyssey Aggressive Growth POAGX.

Ukrainian FPV Strike Drone Boosts Range By Dropping Used Batteries

October 8, 2026 MMN Editor Filed Under: Uncategorized

Ukrainian makers Stellarion are now shipping FPV drones which use the simple technique of dropping expended batteries to gain a significant range boost.

Jeff Bezos Claims AI Could Allow For 3-Day Workweeks And One-Income Families

October 8, 2026 MMN Editor Filed Under: Uncategorized

In an interview with Fox News, the Amazon founder said he disagreed with the assessment that AI will lead to large-scale job losses.

Standard Chartered to expand institutional crypto and RWA custody to Singapore

October 8, 2026 MMN Editor Filed Under: Uncategorized

The bank would offer the service to institutions and accredited corporate investors, subject to regulatory requirements.

FC Barcelona Knows Manchester United Wonderkid JJ Gabriel’s Price

October 8, 2026 MMN Editor Filed Under: Uncategorized

FC Barcelona knows how much it will cost to land highly-rated, 16-year-old wonderkid JJ Gabriel from Manchester United

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