Author: News Room
We are living through what is being called the silver tsunami. According to Legal Jobs, “about 10,000 baby boomers turn 65 each day, and the entire generation is expected to reach retirement age by 2030.” While many people spend their working years aiming to eventually retire, there are reasons why complete retirement should not be a primary goal. Even synonyms for the word retire sound negative—withdraw, relinquish, depart, expire. For my book, Leading with Wisdom: Sage Advice from 100 Experts, I interviewed more than 100 top authorities about leadership and life. A recurring theme during these conversations was the idea…
Top Biden administration officials are traveling to the Middle East this week to engage in ongoing talks on a possible ceasefire and hostage release deal between Israel and Hamas, as well as the dire situation in the Gazan city of Rafah, US officials told CNN. CIA Director Bill Burns, who has served as the administration’s primary interlocutor in ceasefire negotiations, is expected to travel to Doha, according to one US official. Qatar is acting as an intermediary in talks between Israel and Hamas. Middle East Coordinator Brett McGurk is also headed back to the region this week, a separate official said. Although…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Shari Redstone left investors guessing about the potential sale of Paramount during its annual meeting and instead stated her “confidence” in the executives who are pitching to keep the Hollywood company she controls independent.Redstone last year kick-started talks with billionaire David Ellison’s Skydance Media about a merger with Paramount. The talks have been prolonged and chaotic, triggering the exit of Paramount’s chief executive and several board members. But Skydance last week finally agreed a deal with a “special committee” of Paramount board…
It has been nearly two years since I last covered Core Scientific (NASDAQ:CORZ) for Seeking Alpha. In the time since that “sell” call, CORZ shareholders have been on quite the journey to say the least. Data by YChartsShortly following my late-October 2022 CORZ article, the crypto market experienced the collapse of FTX which further depressed prices of crypto coins and proxies like Bitcoin (BTC-USD) mining stocks. For Core Scientific specifically, the company filed for Chapter 11 bankruptcy and re-emerged with a reorganization plan highlighting reduced debt and 60% equity retention for shareholders of the delisted stock. It admittedly could have…
The male-dominated sports media apparatus is stumbling over Caitlin Clark. It is trying to pretend that it hasn’t ignored the WNBA for decades until the superstar rookie came along. But rather than admitting its blind spots, several male commentators are parachuting themselves into a league they barely understand and dismissing anyone who suggests they could do better. It’s getting ugly. In the flurry of hot takes that followed Chennedy Carter’s foul against Clark over the weekend, ESPN host Pat McAfee went on his show Monday to argue that Clark — whom he casually called the “White b*tch for the Indiana team” — was singularly responsible for the sudden surge of…
We are buying 50 shares of Stanley Black & Decker at roughly $83.89. Following the trade, Jim Cramer’s Charitable Trust will own 890 shares of SWK, increasing its weighting to 2.33% from 2.20%. Shares of the toolmaker fell Tuesday after Barclays downgraded its rating to equal weight from overweight and cut its price target to $86 from $100. The analyst left its 2024 earnings-per-share estimate unchanged at $3.73 but lowered its 2025 estimate by 12 cents to $4.82, well below the consensus estimate of $5.48. Barclays said the stock needs to have “very rapid” earnings revisions to work, noting that…
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. (We’re no longer recording the audio, so we can get this new written feature to members as quickly as possible.) Shift to defense: Usually, the market likes falling Treasury yields and stocks rally with bonds. Lower rates can make dividends look more attractive on a relative basis and expand the multiples investors are willing to pay for stocks. But that’s not what’s playing out Tuesday. The market is mixed with a…
Real estate mogul Shawn Meaike believes young Americans looking to purchase their first home need to prioritize discretionary income in the current climate of sky-high interest rates. “If you become locked to your home, and you can’t afford to do anything else, that’s not a good purchase,” Meaike told Fox News Digital. Meaike believes potential homeowners need to make sure they’re comfortable with the amount of discretionary income that would be available on a monthly basis if they take the leap. “What makes me nervous in today’s world is how many people have literally shackled themselves to their home. They can’t…
Saving for retirement requires dedication and time. During those years, however, market movements will make significant jumps that you can then celebrate. And we’re in the middle of such a shift. A recent Fidelity study highlights this very fact. According to a review of Fidelity 401(k) accounts, the number of participants with more than $1 million in assets within the account has increased by 15% in the first quarter of 2024, compared to end of 2023. This is a result of the market moving forward – it’s up 11% through 2024 and 25% over the past year. All-in-all, the number…
Dr. Anthony Fauci, the former director of the National Institute of Allergy and Infectious Diseases, testified on Monday at a House subcommittee hearing about the US response to the Covid-19 pandemic and the origins of the virus. The hearing was Fauci’s first public testimony on Capitol Hill since his retirement from government service. It turned contentious at times as Republicans grilled Fauci over a wide range of topics, including the basis for public health recommendations during the pandemic and email use by public health officials. Here are key takeaways from the hearing: US still needs to close communication gaps to…
