Asset management

Vanguard Says People Under 55 Are Making This $130K Mistake When Rolling Money Over From Their 401(k) To IRA

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Vanguard Says People Under 55 Are Making This 0K Mistake When Rolling Money Over From Their 401(k) To IRA

Retirement vehicles like 401(k) and individual retirement accounts (IRA) offer multiple tax benefits, high annual contribution limits, and investment options tailored to grow your hard-earned money with the power of compounding interest. Many 401(k) account holders choose to roll over their 401(k) investments into a traditional IRA for more personalised investment choices, better control over … Read more

Blackstone Hiked Rent Prices At Double The Market Rate in San Diego, Allegedly Uses RealPage’s Rent Fixing Software: Report

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Blackstone Hiked Rent Prices At Double The Market Rate in San Diego, Allegedly Uses RealPage’s Rent Fixing Software: Report

RealPage is facing an investigation for colluding with homeowners using its proprietary software to abnormally hike rents nationwide. Expect Best/Pexels.com Blackstone is the largest alternative asset manager in the world, with over $1 trillion in assets under management. The recent “Helter Shelter: How Blackstone Contributes to and Profits from California’s Broken Housing System” report from … Read more

Local journalism in Atlantic Canada in trouble as company known to ‘slash and burn’ buys dozens of newspapers

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Local journalism in Atlantic Canada in trouble as company known to ‘slash and burn’ buys dozens of newspapers

If you want to understand the struggling local news landscape, look no further than Atlantic Canada, where a takeover has kept the region’s largest newspaper publisher in operation, but still leaves local journalism in a tenuous state. Toronto-based Postmedia, whose titles include the National Post and the Montreal Gazette, has taken over the financially insolvent SaltWire … Read more

Fed minutes signal September rate cut

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Fed minutes signal September rate cut

Traders work on the floor of the New York Stock Exchange during morning trading on August 20, 2024 in New York City.  Michael M. Santiago | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no … Read more

Wall Street has its worst day since 2022 as fears of U.S. recession deepen

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Wall Street has its worst day since 2022 as fears of U.S. recession deepen

Wall Street fell the most in nearly two years, continuing a global rout in financial markets as fears worsen that the U.S. economy is slowing down. The S&P 500 fell three per cent on Monday. The Dow Jones industrial average dropped more than 1,000 points and the Nasdaq composite slid 3.4 per cent. The declines were just the latest … Read more

Steve Cohen’s Point72 to Raise $1 Billion for Launching AI-focused Hedge Fund

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Steve Cohen’s Point72 to Raise Billion for Launching AI-focused Hedge Fund

New York Mets owner and CEO Point72 Steven A. Cohen, 67, recently disclosed that he is bullish on AI’s long-term prospects and described it as a “really durable theme” for investing. According to sources, he plans to launch a separate, AI-focused hedge fund that trades AI hardware and semiconductor firms worldwide. The asset management firm … Read more

Billionaire Daniel Loeb’s Third Point Boosts AI Holdings in Q1, Re-buys Alphabet After Selling Entire Stake

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Billionaire Daniel Loeb’s Third Point Boosts AI Holdings in Q1, Re-buys Alphabet After Selling Entire Stake

Billionaire investor Daniel Loeb runs the New York-based hedge fund Third Point, which he founded in 1995 with an initial capital of $3.4 million. Loeb’s activist bets and value-oriented investing strategies helped shape the hedge fund with $7.84 billion in assets under management across 40 securities at the end of Q1 2024. Third Point returned … Read more

Bill Gates’ Investments in Art Collection are Worth Over $127 Million, Billionaires Remain Bullish On The Art Market

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Bill Gates’ Investments in Art Collection are Worth Over 7 Million, Billionaires Remain Bullish On The Art Market

Former Microsoft CEO and philanthropist Bill Gates has used his wealth to create a unique art collection over the decades. In 1998, he purchased Winslow Homer’s “Lost on the Grand Banks” masterpiece for $36 million, a then record buy. Gates’ most intriguing addition to his artefact collection could be Leonardo da Vinci’s handwritten scientific journal, … Read more

‘Big Short’ Investor, Who Predicted 2008 Housing Crash, Buys 440K Units of Physical Gold Fund

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‘Big Short’ Investor, Who Predicted 2008 Housing Crash, Buys 440K Units of Physical Gold Fund

Legendary investor Micheal Burry’s bet against the housing market in the 2008 financial crash netted him $700 million—the saga was chronicled in the award-winning film “Big Short.” Since the global financial crisis, Burry’s notable investment decisions also showcased strategic foresight. He invested in water assets, predicting future scarcity, and GameStop before it became a meme … Read more

Abrdn CIO slams jabs at company’s rebranded name

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Abrdn CIO slams jabs at company’s rebranded name

The abrdn Plc office at St Andrew Square in Edinburgh, U.K. on Thursday, Nov. 11, 2021. Jonne Roriz | Bloomberg | Getty Images The press making jabs at the current name of asset manager Abrdn, which was rebranded from ‘Standard Life Aberdeen’, amounts to “corporate bullying,” the firm’s chief investment officer Peter Branner said. The … Read more