Ken Griffin, Citadel at CNBC’s Delivering Alpha, Sept. 28, 2022. Scott Mlyn | CNBC Billionaire investor Ken Griffin’s various hedge fund strategies all posted double-digit returns for 2023, but they failed to beat the broader market. Citadel’s multistrategy Wellington fund gained 15.3% last year, according to a person familiar with the returns. The flagship fund had
Month: January 2024
Harvard University President Claudine Gay’s resignation Tuesday is just the latest upheaval at one of the nation’s top colleges. For college applicants, the move adds more uncertainty to an admissions process that was already shifting in the wake of the Supreme Court‘s ruling against affirmative action. “I don’t expect Harvard to lose its crown as one of
If you want to retire early but don’t have enough financial resources, you can still turn your retirement fantasies into reality by learning from people who “retired” early. They didn’t have sufficient financial resources to support themselves for a handful of decades without any income from working, but nevertheless they made more conscious choices about
In this article DIS Follow your favorite stocksCREATE FREE ACCOUNT An ESPN GameDay logo is displayed at the Capital One Orange Bowl game between the Georgia Bulldogs and the Florida State Seminoles at the Hard Rock Stadium in Miami Gardens, Florida, on Dec. 30, 2023. Peter Joneleit | Icon Sportswire | Getty Images The NCAA
Moyo Studio | E+ | Getty Images Roughly half of Americans don’t have access to a workplace retirement plan — but states are increasingly stepping in to fill that gap, both for residents’ wellbeing and their own. About 57 million people — 48% — don’t have access to a pension or 401(k)-type plan at work,
Cliff Asness. Chris Goodney | Bloomberg | Getty Images Cliff Asness’ longest running multistrategy fund at AQR Capital Management returned 18.5% last year, net of fees, according to a person familiar with the performance. The AQR Absolute Return strategy, which was created in 1998, benefited the most from profitable picks among value stocks in 2023, according
Klaus Vedfelt | Getty Images To live your best life in retirement, it helps to make the most contributions while you’re working. Employees who participate in 401(k) plans can put up to $23,000 in pre-tax or post-tax Roth contributions in 2024. But there’s another limit — $69,000, including employee and employer contributions — that may
In this article PTON Follow your favorite stocksCREATE FREE ACCOUNT Peloton has launched a partnership with TikTok. Courtesy of: Peloton Peloton launched a partnership with TikTok on Thursday as part of its strategy to change its public perception and attract a broader array of customers as sales and profits fall. The partnership will create a
In this article WBA Follow your favorite stocksCREATE FREE ACCOUNT Walgreens reported fiscal first-quarter adjusted earnings and revenue that topped expectations on Thursday, but cut its quarterly dividend nearly in half. The retail pharmacy giant slashed its dividend to 25 cents per share from 48 cents per share to “strengthen [its] long-term balance sheet and cash
In this article Follow your favorite stocksCREATE FREE ACCOUNT It’s a level not seen since George W. Bush was president. Wall Street forecaster Jim Bianco is predicting the benchmark 10-year Treasury note yield will hit 5.5% this year — its highest level since May 2001. A major part of his thesis is built on the
Skyscrapers in the Canary Wharf financial, business and shopping district in London, UK. Bloomberg | Bloomberg | Getty Images The average FTSE 100 CEO will have earned more this year than the median full-time worker’s annual salary by 1 p.m. London time on Thursday, according to estimates from the High Pay Centre think tank. The
Maskot | Maskot | Getty Images U.S. Department of Labor data issued Wednesday suggests a two-tiered job market has emerged, in which workers enjoy strong job security while the unemployed may have trouble finding a new gig. “There’s a bifurcated labor market,” said Julia Pollak, chief economist at ZipRecruiter. “There are haves and have nots.”
Introduction to the CCA In a recent Chief Counsel Advice (CCA) issued November 28, 2023 the IRS took the position that modification of a grantor trust, with the beneficiaries’ consenting to that modification in order to add a discretionary income tax reimbursement provision for the grantor, resulted in a taxable gift by the beneficiaries. The
In this article F Follow your favorite stocksCREATE FREE ACCOUNT The Ford F-150 Lightning Electric Truck. John Tlumacki | Boston Globe | Getty Images DETROIT – Ford Motor is increasing the price of some 2024 F-150 Lightning models, while lowering the costs of its most expensive models. The Detroit automaker confirmed Wednesday that new starting
Signage for Alibaba Group Holding Ltd. covers the front facade of the New York Stock Exchange November 11, 2015. Brendan McDermid | Reuters BEIJING — It’s been a tumultuous 12 months for Alibaba, casting doubt on the future of the tech giant just as artificial intelligence is taking off. The company’s cloud computing unit was
Being a millionaire businesswoman and investor comes with lots of hard work and even more responsibility. Barbara Corcoran’s calendar system helps her stay productive. The 74-year-old “Shark Tank” star says that success starts with putting pen to paper. That may seem counterintuitive, given the plethora of online scheduling websites and mobile apps available today. “Most
Mark Edward Atkinson | Tetra Images | Getty Images Beneficiaries who rely on monthly checks from the Social Security Administration will get a 3.2% benefit increase now that the calendar has turned to 2024. Those who receive Supplemental Security Income, or SSI, are first in line to receive those enhanced benefit checks. About 7.5 million
Congress is debating whether to impose new restrictions on immigration as the price of a deal to provide new aid to Ukraine and Israel. But some of the biggest victims of this misguided policy will be frail older adults, younger people living with disabilities, and their families. For their sakes, Congress should make immigration easier,
The Maersk Sentosa container ship sails southbound to exit the Suez Canal in Suez, Egypt, on Thursday, Dec. 21, 2023. Stringer | Bloomberg | Getty Images Attacks on ships in the Red Sea continue to push ocean freight rates higher, triggering warnings of inflation and delayed goods. To avoid strikes by Iran-backed Houthi militants based
Federal Reserve officials in December concluded that interest rate cuts are likely in 2024, though they appeared to provide little in the way of when that might occur, according to minutes from the meeting released Wednesday. At the meeting, the rate-setting Federal Open Market Committee agreed to hold its benchmark rate steady in a range