Investing

If you have the funds available, you may consider giving the gift of college savings. A 529 plan is a great savings instrument for college education. The earnings from contributed funds grow tax free over time. The distributions are not taxed either, as long as the funds are used for qualified higher education expenses. One
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1. Bad Behavior Bryan P. Marsal, Co-CEO of Alvarez & Marsal and CEO of Lehman Brothers, oversaw the proceedings for the largest bankruptcy in history-the Lehman Brothers bankruptcy filing in September 2008. During a presentation to a group of businesspeople, he was asked to comment about the status of ethics in business. He reportedly said, “there are
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In this article TSLA Starship prototype SN15 returns for a landing on May 5, 2021 after a high-altitude flight test. SpaceX Between Elon Musk’s two largest companies, investors and experts have a long-term favorite. Most “institutional investors and industry experts” surveyed by Morgan Stanley expect SpaceX to become more valuable than Tesla and see it
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Chancellor Rishi Sunak has been handed a boost ahead of next week’s Budget, with UK public borrowing falling by more than expected in September. Public sector net borrowing was estimated to have been £21.8bn last month, data from the Office for National Statistics showed on Thursday. That was £7bn less than in September 2020, and
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Ride-sharing and ride-hailing services are becoming increasingly popular among commuters. And their popularity is poised to rise even more. In fact, the number of ride-sharing users is estimated to grow at a compounded annual growth rate of 16.6% by 2026. Some of the biggest names in this industry include Uber and Lyft. But there is
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Fixed-income giant Pimco has dabbled in cryptocurrencies and plans to gradually invest more in digital assets that have the potential to disrupt the financial industry, according to chief investment officer Daniel Ivascyn. “Now we’re looking at potentially trading certain cryptocurrencies as part of our trend-following strategies or quant-oriented strategies, then doing more work on the
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Railway freight transportation company CSX will boost investments in container yards in an attempt to address the supply chain crunch caused by logjams at ports and warehouses. The Florida-based company on Wednesday said it would invest in 13 overflow container yards at key terminals in order to “create additional storage and capacity”, a decision it
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The Chinese military conducted two hypersonic weapons tests over the summer, raising US concerns that Beijing is gaining ground in the race to develop a new generation of arms. On July 27 the Chinese military launched a rocket that used a “fractional orbital bombardment” system to propel a nuclear-capable “hypersonic glide vehicle” around the earth
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Real estate development (aka property development) is the process of building new structures and modifying existing ones to increase the property’s value. In general, that means developing the property into commercial or residential buildings—ranging from apartment complexes and multi-family homes to restaurants, offices, and retail spaces. Developers handle the project from start to finish: They
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The beauty industry loves a buzzword, especially one where the meaning is slightly up for interpretation. And none is more confusing than “cruelty-free”: does it mean a finished product hasn’t been tested on animals, or that no part of the development process involved animals? Is a cruelty-free product also vegan? And why, even when you’re shopping domestically,
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Travel restrictions and Covid-19 As of October 2021 travel to Australia remains restricted by the Australian government due to the pandemic. Check on current restrictions before booking travel. Ah, Australia. A fascinating country of contrasts with cosmopolitan cities and snow-capped mountains, dramatic beaches and the desert-like outback. Most travelers find that it’s well worth the 20-or-so-hour
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Burberry has poached Jonathan Akeroyd from Milan-based Gianni Versace to take over from Marco Gobbetti as its chief executive. Akeroyd, who has been chief executive at the Italian fashion house since June 2016, reorganised Gianni Versace, accelerating its growth during his five-year tenure. Before that he led Alexander McQueen for 12 years, leading a turnround
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A car is one of the largest investments you will ever make next to a home. It’s common knowledge that a car depreciates in value the minute a new car leaves the sales lot. What you may not realize, though, is that depreciation is often the single largest cost associated with owning a car. Depreciation
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10/19/2021, 10:54:53 PM IMF’s first woman chief economist Gopinath to return to Harvard in January Mamta Badkar in New York IMF chief economist Gita Gopinath will leave the fund and return to Harvard University in January 2022 after a three-year term. Gopinath’s public service leave of absence from Harvard University’s economics department had been extended
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There are two tax-smart ways to set aside money for college: 529 plans and Roth IRAs. While 529 plans are designed to pay for education, you can also tap a Roth IRA for college even though it’s intended for retirement. Key Takeaways 529 savings plans and Roth IRAs are both tax-advantaged options to save for
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Starship prototype 20 is stacked on top of Super Heavy Booster 4 on August 6, 2021. SpaceX Elon Musk’s SpaceX has become one of the world’s most valuable private companies, and Morgan Stanley believes the Starship rockets the venture is developing will have wide-reaching implications. Starship is the massive, next-generation rocket SpaceX is developing to be
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The first US bitcoin exchange traded fund launched on Tuesday, capping an almost decade-long push for a cryptocurrency-linked product to appear on a major Wall Street venue. The ProShares Bitcoin Strategy ETF launched on the New York Stock Exchange after the opening bell. While similar ETFs already trade in other jurisdictions, the listing in the
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The world financial market is an extremely complex system that involves many different participants from local banks to the central banks of each nation and even you, the investor. Due to its importance on the global economy and our everyday lives, it is vital that it is functioning properly. One tool that helps the financial
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An animated trajectory map shows the path of the Lucy mission, with the spacecraft (blue) launching from the Earth (green) out to the asteroids around Jupiter (orange). NASA NASA’s latest exploration spacecraft launched over the weekend, beginning a 12-year journey to visit Jupiter’s Trojan asteroids. A tool familiar to Wall Street was used to craft
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BHP maintained full-year production targets for every one of its sectors despite pressures created by labour shortages, the Anglo-Australian mining group said in its quarterly operational review on Tuesday. The company said that pandemic-induced labour shortages had hit its iron ore operations in Western Australia, just days after rival Rio Tinto cut its yearly production
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Good morning. Sometimes, when you write about finance, you have to sit down and build yourself a big ol’ spreadsheet, fill it up with individual data points, and see if it teaches you anything. If nothing else, it reminds you that the big trends you blather on about are made up of little bits of
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