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Key PointsIn general, anyone with a tax-deferred retirement account must take withdrawals called required minimum distributions (RMDs) beginning at age 73.RMDs are calculated by dividing the retirement account balance from the prior year by a life expectancy factor (found on an IRS table) based on current age.The 2025 RMD for a 73-year-old with $500,000 invested in a traditional IRA as of Dec. 31, 2024, will equal $18,867.92.The $23,760 Social Security bonus most retirees completely overlook ›Tax-deferred accounts, like traditional individual retirement accounts (IRAs) and 401(k) plans, let workers delay taxes on qualified distributions, provided they meet income-based eligibility requirements. However,…

Federal Reserve Governor Christopher Waller discusses the potential inflationary impact of war with Iran, US payrolls, ongoing risks from tariffs, and his view of private credit markets. (Source: Bloomberg)

Introduction: Oil heading for biggest weekly gain in four yearsGood morning, and welcome to our rolling coverage of business, the financial markets and the world economy.The oil price is on track for its biggest weekly gain in four years, fuelling fears of an inflation spike that will reignite the cost of living crisis and hurt growth around the globe.The Iran conflict has driven Brent crude, the international benchmark, has soared by 17.65% this week to over $85 a barrel. That would be the biggest jump since the week to 4 March 2022, after Russia invaded Ukraine.Oil has been driven up…

The federal bank regulatory agencies today jointly issued answers to frequently asked questions to clarify the capital treatment of tokenized securities. A security is often referred to as “tokenized” when ownership rights in the security are represented using distributed ledger technology. The answers to the frequently asked questions clarify that an eligible tokenized security should generally receive the same capital treatment as the non-tokenized form of the security under the capital rule. The agencies also clarified that the capital rule is technology neutral, and the technologies used to issue and transact in a security do not generally impact its capital…

The latest streak of inflows in US spot Bitcoin exchange-traded funds (ETFs) was interrupted by fresh outflows as the BTC price dipped below $71,000 on Thursday.Spot Bitcoin (BTC) ETFs saw $228 million in net outflows on Thursday, ending the three-day inflow streak of about $1.1 billion, according to SoSoValue data.While weekly inflows still held at $917.3 million heading into Friday’s session, year-to-date net outflows rose to around $900 million. Cumulative inflows in 2026 so far amount to $3.58 billion, while cumulative outflows total $4.49 billion.Total assets under management remained above $90 billion after reclaiming the threshold earlier this week. Daily…

“She is reading alarmist headlines about Iran in the newspapers.”

Anthropic’s Claude rises to No. 1 on Apple’s U.S. App Store, surpassing ChatGPT amid scrutiny over AI defense partnerships, data safeguards and public trust.    FinTech moves fast. News is everywhere, clarity isn’t. FinTech Weekly delivers the key stories and events in one place. Click Here to Subscribe to FinTech Weekly’s Newsletter Read by executives at JP Morgan, Coinbase, BlackRock, Klarna and more.       Claude Overtakes ChatGPT as AI Trust Debate Intensifies The race among artificial intelligence apps has taken an unexpected turn. Anthropic’s Claude chatbot has climbed to the No. 1 position on Apple’s U.S. App Store,…

FUNDAMENTAL OVERVIEWThe S&P 500 has been surprisingly resilient this week even though the US-Iran war kept a lid on the market. The conflict entered its 7th day today and the risk of things deteriorating further and eventually dragging the stock market to new lows remains high. In fact, the longer this war drags on, the worse the consequences will be for the global economy as growth expectations would turn negative and the Fed would not be able to act fast amid the inflationary pressures from higher energy prices. The bias for now remains neutral to bearish, so the bulls will…

An agriculture rally seems to be kicking into gear, says Fundstrat’s Mark Newton.

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.John Healey, UK defence secretary, has flown to Cyprus to try to quell local anger after criticism that Britain has not done enough to protect the Mediterranean island, home to two UK military bases, during the Iran conflict.The RAF base at Akrotiri, which is sovereign British territory, was hit by a drone on Sunday, while further attacks were intercepted on Monday, raising concerns that Cyprus is being dragged into the conflict.Kyriacos Kouros, the Cypriot high commissioner to the UK, said local people…