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As kids and teens gear up for “back to school,” now’s the time for adults to go “back to basics” when it comes to their finances. Give yourself a financial checkup. Look at the current state of your finances and figure out what you need to do to get — or stay — on track…
In this article SBUX Starbucks Chief Operating Officer John Culver is departing the company after two decades with the coffee chain, as part of a restructuring that will eliminate his role. His exit comes in the middle of a broader executive reshuffling at Starbucks. Former CEO Kevin Johnson retired earlier this year, leading Howard Schultz…
Traders work on the floor of the New York Stock Exchange (NYSE), August 17, 2022. Brendan McDermid | Reuters Hedge funds are getting increasingly skeptical about this big rally that broke out in the middle of a bear market. Net short positions against the S&P 500 futures by hedge funds have reached a record $107…
Spain is one of the world’s most-visited countries, drawing more than 83 million travelers in 2019, according to the United Nations’ World Tourism Organization. In terms of international arrivals, that makes it second only to France. But the Spanish are also avid travelers within their own country, with nearly 93% choosing to travel within Spain…
In this article BBBY Activist investor Ryan Cohen has exited his position in retailer Bed Bath & Beyond, according to a securities filing released Thursday afternoon. The filing shows that Cohen’s RC Ventures dumped its stock on Tuesday and Wednesday at a range of prices between $18.68 per share and $29.22 per share. The firm…
Getty Images Another state has joined the growing list of those aiming to boost retirement savings among workers at companies that don’t offer a 401(k) or similar workplace plan. Delaware Gov. John Carney signed a bill into law on Thursday that will create a state-run program to automatically enroll eligible private sector workers in Roth…
Deshaun Watson #4 of the Cleveland Browns takes off his helmet during Cleveland Browns training camp at CrossCountry Mortgage Campus on August 09, 2022 in Berea, Ohio. Nick Cammett | Getty Images The NFL and NFL Players Association settled on an 11-game suspension and a $5 million fine for Cleveland Browns quarterback Deshaun Watson, the…
In this article CSCO BBBY BJ WOLF WBA Check out the companies making the biggest moves midday: Cisco Systems — Shares of the networking equipment producer jumped 5.8%. The company reported earnings after the bell on Wednesday that beat estimates. Cisco also provided a better-than-expected forecast for 2023. Bed Bath & Beyond — The latest…
Simonskafar | E+ | Getty Images President Joe Biden signed the Inflation Reduction Act into law on Tuesday, the largest climate spending package in U.S. history. The legislation earmarks $369 billion for climate and energy policies, including financial incentives for consumers and businesses that take steps to boost energy efficiency and reduce greenhouse gas emissions….
(Click here to subscribe to the Delivering Alpha newsletter.) When Peter Kraus founded Aperture Investors, he deviated from the traditional active management model. Rather than raking in fixed fees, Kraus’ $3.8 billion firm operates on a fee structure linked to performance, charging 30 percent of alpha. That’s higher than the industry standard but since inception, about half…
Treasury Secretary Janet Yellen speaking at a news conference on July 14. Made Nagi | Reuters With President Joe Biden‘s sweeping tax, health and climate package newly signed into law, Treasury Secretary Janet Yellen is asking the IRS to deliver a plan within six months for the agency’s nearly $80 billion in funding. “The Inflation…
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