Six teams managing nearly $15 billion in total assets quit JPMorgan Chase’s brokerage unit to join competitors last Friday. Here’s what may have triggered their departures.
Kate Tomas is a corporate psychic. She says CEOs have paid her hundreds of thousands to help them make decisions — and more money.
Berkshire Hathaway significantly reduced its enormous stake in Apple in the first quarter, as Warren Buffett's conglomerate let its cash hoard swell to a record $189 billion. Buffett's company also posted a record operating profit exceeding $11 billion, as its insurance operations benefited from improved underwriting and higher income from investments as interest rates rose. The value of Berkshire's stake in Apple fell 22% to $135.4 billion as of March 31 from $174.3 billion at the end of 2023, even though the iPhone maker's share price fell just 11% in the quarter.
Bernard Arnault’s sprawling business empire has launched a raft of legal claims against Visa and Mastercard amid an ongoing row over credit card fees.
(Reuters) -China's Ping An Insurance Group Co the biggest Asian investor in HSBC PLC did not support reappointing chief executive Noel Quinn as a director to the banks board at the its shareholder meeting, a source familiar with the matter told Reuters on Saturday, as the investor voted against such a move. Quinn, who has announced he will step down as chief executive once a successor is appointed, last year defeated Ping An's long campaign to get HSBC to spin off its Asia business. Europe's biggest bank had faced proposals submitted by Hong Kong-based individual investor Ken Lui and backed by its biggest Asian shareholder Ping An to consider a radical restructuring and to boost its dividends.
After working for most of your adult life, the last thing you want to do is stress about your finances and paying hefty bills in your golden years. You want to enjoy your retirement after committing...
With inflation pushing up the cost of daily life just about everywhere you go, people from all over the country are looking for ways to lower their spending -- but even that isn't enough in most...
Experts point to “rampant ageism” keeping older Americans out of the workplace.
OMAHA, Nebraska (Reuters) -Warren Buffett assured Berkshire Hathaway shareholders on Saturday that the executives expected to succeed him were ready for the job, and he heaped praise on Apple although Berkshire trimmed its position in the iPhone maker. Speaking at Berkshire’s annual meeting, the legendary investor paid tribute to his late business partner Charlie Munger and said he expected the conglomerate’s cash pile, now a record $189 billion, to keep growing. The meeting was the 60th for Buffett, who since 1965 transformed Berkshire from a failing textile company into an $862 billion colossus owning the BNSF railroad, Geico car insurance, Dairy Queen and dozens of other businesses.
Oil futures edged up on Monday after Saudi Arabia hiked June crude prices for most regions and as the prospect of a Gaza ceasefire deal appeared slim, renewing fears the Israel-Hamas conflict could still widen in the key oil producing region. Brent crude futures climbed 28 cents, or 0.3%, to $83.24 a barrel at 0119 GMT, while U.S. West Texas Intermediate crude futures were at $78.40 a barrel, up 29 cents, or 0.4%. Saudi Arabia raised the official selling prices (OSPs) for its crude sold to Asia, Northwest Europe and the Mediterranean in June, signalling expectations of strong demand this summer.
Reaching retirement is a major milestone, one you should be proud of. But just because you've reached the end of your working years doesn't mean you should start spending your hard-earned retirement...
Producers and midstream companies are increasingly bullish on the Eagle Ford’s natural gas prospects.
Retirement planning is one of the most important -- and potentially most daunting -- things you'll do. But even if you start preparing early in life, you might not be quite as ready for the true cost...
Buyout decisions have become increasingly common for those with a pension plan. If you get this offer, the most important questions to deal with include when you would you receive the payout, and how long you expect to live. The earlier you would receive a lump sum payout, the more it will be worth to you […] The post Should I Take a $48,000 Lump Sum or $462 Monthly Payments for a Pension Annuity? appeared first on SmartReads by SmartAsset.
Singapore Telecommunications-owned Optus said on Monday it had appointed Stephen Rue to lead the Australian phone carrier replacing former boss Kelly Bayer Rosmarin, who resigned in November post a nation-wide network outage last year. Rue has been running Australia's National Broadband Network (NBN) since 2018 and will now takeover as Optus CEO, as the firm seeks to reset its strategy and rebuild customer trust.
Saudi Arabia and its allies in OPEC+ are likely to keep oil production unchanged for a further three months when ministers review output allocations on June 1. The tightening of petroleum supplies and depletion of inventories widely anticipated at the start of the year has failed to materialise so far. If OPEC+ (Organization of the Petroleum Exporting Countries and allies) officials had hoped to increase production into a tightening market characterised by rising oil prices they are likely to be frustrated.
"I went to shake her hand, and she looked me up and down and said, 'I don't shake hands,' then walked away."
A terminally ill French millionaire left her devoted Thai maid a staggering inheritance of 100 million THB (2.7 million USD) on her birthday before taking her own life. The emotional housekeeper grapples with grief, memories, and managing newfound wealth amidst the loss of her beloved employer and friend.
Some commentators have spent decades predicting the imminent demise of the US dollar’s special status as the world’s international reserve currency.
I didn't grow up religious but I subscribed to the purity plan. I feel inadequate when I started having sex with my partner.
Tributes that were removed from public spaces after the end of Chiang Kai-shek’s brutal rule in 1975 now crowd a site west of Taipei
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