A view of the Dilbar yacht owned by USM Holdings founder, International Fencing Federation President Alisher Usmanov. Dibar is the world’s biggest yacht by volume. Vyacheslav Prokofyev | TASS | Getty Images At least two superyachts owned by Russian oligarchs have been seized by authorities in the European Union after the executives were sanctioned following
Month: March 2022
(Click here to subscribe to the Delivering Alpha newsletter.) Software has been one of the worst-performing sectors this year amid a rising rate environment and geopolitical tensions overseas. This comes as no shock to Orlando Bravo who helms tech-focused private equity firm Thoma Bravo. He says the mantra of ‘growth at all costs’ is over and that
Whyframestudio | Istock | Getty Images Anyone who has felt burdened by medical debt may be familiar with that initial bout of panic when a big bill arrives. What may be worse, though, is what can happen to your long-term financial picture if you disregard it. Generally speaking, that debt can end up haunting you.
I-R-A. Who knew three letters could be so daunting yet yield so many benefits for our financial lives? IRA stands for Individual Retirement Account. And if you’re like most people, you likely think it sounds like a fancy investment tool that is reserved for people with loads of money and an unattainable level of financial
Portrait of American fantasy author Brandon Sanderson taken on June 3, 2011. Sfx Magazine | Future | Getty Images Brandon Sanderson asked folks on Kickstarter for $1 million to self-publish four novels he wrote during the pandemic. They funded him in 35 minutes. Two days later, Sanderson’s campaign has topped $19 million from more than
In this article BBY Customers wait outside of a Best Buy store in downtown Toronto, Ontario on November 23, 2020 to pick up their online orders. Geoff Robbins | AFP | Getty Images Best Buy on Thursday fell short of Wall Street’s fourth-quarter sales expectations, as it ran low on some popular holiday items and
An employee brings a television to a customer’s car at a Best Buy store in Orlando, Florida. Paul Hennessy | SOPA Images | LightRocket | Getty Images Check out the companies making headlines in midday trading. Best Buy — The retail stock jumped 8% after the company announced it was raising its quarterly dividend by 26%. The move
Russian billionaire and businessman Alisher Usmanov arrives to the openings of new monument to former Russian Prime Minister Yegeny Primakov at Smolenskaya Square inin Central Moscow, Russia, October,29,2019. Politician and diplomat Yegeny Primakov died in 2015. Mikhail Svetlov | Getty Images Russia’s top billionaires have lost over $80 billion in wealth in recent weeks, with
Billionaire Warren Buffett says he drinks five Cokes a day. Bloomberg | Getty Images Warren Buffett’s recent success from his massive Apple bet is spurring comparisons with the legend’s greatest investment of all time — Coca-Cola. Berkshire Hathaway began buying Apple’s stock in 2016 and amassed a 5% ownership of the iPhone maker by mid-2018 with
Pascal Broze | Getty Images One of the pain points of early retirement is limited access to your nest egg before age 59½ without incurring a 10% penalty. While a new IRS rule makes it easier to tap more penalty-free money, you still need to weigh your options, financial experts say. Generally, early pre-tax 401(k)
A taxi driver refuels a vehicle at a Gulf gas station in Boston on Mar. 1, 2022. Vanessa Leroy/Bloomberg via Getty Images The economic effects of Russia’s invasion of Ukraine a week ago have reverberated around the globe — leaving many households to wonder how the conflict might hit their wallet. The short answer: Prices
Ukraine announces an airdrop for anyone who contributed to its crypto donations.
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