State laws mandate that pension fiduciaries have a duty of loyalty to manage retirement plan assets for the exclusive benefit of beneficiaries, i.e., state workers and retirees. Yet all-too-often public pension assets are steered into secretive, risky, poor-performing investments based upon “dark money” contributions by Wall Street to politicians sitting on oversight boards and unions—private
Month: September 2022
Dire warnings about commercial real estate appear almost daily these days. While office markets are stressed due to increased working from home, some real estate professionals see an increasingly bifurcated market, divided “into haves and have-nots.” Investors, renters, and cities—especially those with older, declining buildings— will need to pay close attention in the coming months
Housing markets that had the fastest growing rents over the last two years are now witnessing a dramatic pullback. None of the top 40 largest markets saw year-over-year asking rents expand in August, pointing to the overall deterioration of market conditions, according to Apartments.com. “After a 20-month run of positive monthly growth dating back to
Hometown Deli, Paulsboro, N.J. Mike Calia | CNBC Three men were charged with fraud and other crimes in a scheme involving a company that was worth $100 million in the stock market despite having only a small-town New Jersey deli to its name, federal authorities said Monday. The three men – James Patten, 63, of
In this article PCG LVS WYNN 9868-HK PLNT Follow your favorite stocksCREATE FREE ACCOUNT An exterior view shows Encore Las Vegas (L) and Wynn Las Vegas as the coronavirus continues to spread across the United States on March 15, 2020 in Las Vegas, Nevada. Ethan Miller | Getty Images Check out the companies making headlines
Source: Getty Images The IRS continues to chase U.S. taxpayers who failed to report and pay taxes on cryptocurrency transactions with a new court order allowing a summons for customer records. The agency will issue a so-called “John Doe summons” requiring M.Y. Safra Bank to turn over crypto transaction data for SFOX, a digital currency
We all know we need to save for retirement, but it can be tricky to know which of all the various tax-advantaged accounts to prioritize with our limited savings. Making the wrong choice could cost us in higher taxes, less flexibility, or even missing out on free money. Here are some factors to consider in
An IRS Form W-9 verifies your taxpayer ID number, typically your Social Security Number, or for a company, your employer identification number. Before paying you, many companies will ask for this form so they can issue you an IRS Form 1099. If you want to be paid, refusing to hand over a Form W-9 can
When Hurricane Andrew tore through South Florida in August 1992, it destroyed 25,524 homes, damaged 101,241 more, killed 26 people and left about 250,000 people homeless in Dade County alone. Those facts, reported by the Insurance Information Institute, along with more than $27 billion in insured losses, led to an overhaul of Florida’s building codes.
Brett Favre. Frank Muldoon | CNBC SiriusXM has put Hall of Fame quarterback Brett Favre’s NFL show on hold due to his involvement in an alleged welfare-fraud scheme in Mississippi, according to reports. Favre and nearly 40 others were sued by the Mississippi Department of Human Services in May for allegedly diverting millions of federal welfare dollars
In just three years, Beijing-based Well-Link Technologies has built a business on real-time cloud rendering, including helping miHoYo launch the cloud version of the hit game Genshin Impact. Ina Fassbender | Afp | Getty Images BEIJING — Singapore state investment firm Temasek is leading a $40 million funding round in a Chinese startup despite a
With its picturesque lakeside setting, nearby ski areas and rustic wineries, Traverse City has all the makings of a proper vacation town. Even the name of the small Northern Michigan region implies a limited stay, a passing through. Past accolades awarded to the town reinforce this status as a travel destination— Oprah Magazine’s “Best Winter
Bryan Lourd speaks onstage during the Lincoln Center American Songbook Gala honoring Bonnie Hammer at Broadway Theatre on January 29, 2020 in New York City. Slaven Vlasic | Getty Images Entertainment | Getty Images After shocking the corporate world last year with the news Discovery Communications would merge with WarnerMedia, incoming Warner Bros. Discovery Chief
Steeply graded home lots seem to suit architect Robert Harvey Oshatz. To build on such parcels, homes are designed to cantilever over slopes, offering exceptional views. The residences seem to soar and can appear untethered, existing in the air. It’s an Oshatz signature refined during 50-plus years of work: architecture that looks to have been
In this article WBD 6758.T-JP Follow your favorite stocksCREATE FREE ACCOUNT Viola Davis stars in Sony’s “The Woman King.” Sony “The Woman King” held firm at the box office during its second weekend in theaters. The Sony film is expected to generate $11.2 million in ticket sales domestically from Friday through Sunday, a 42% drop
Almost four decades ago, a 25-year-old Mark Cuban had a goal: He wanted to retire within 10 years. But to this day, the 64-year-old billionaire is still working as an investor and entrepreneur. From owning the NBA’s Dallas Mavericks to starring on ABC’s “Shark Tank,” Cuban says he’s far from ready to scale back.
Jim Umpleby, CEO of Caterpillar Inc. Adam Jeffery | CNBC This year has already been a tough one, and 2023 isn’t looking much better, with economic growth expected by the Federal Reserve to come in at just 1.2%. Given this dour outlook, investors will have to carefully choose where to put their money to work.
Mphillips007 | E+ | Getty Images The pumpkin spice latte is back — and the popular and meme-ified seasonal drink can teach us a lot about consumer behavior and economics. Starbucks debuted the pumpkin spice latte in 2003, and the “PSL” grew to be the company’s most popular seasonal drink, selling more than 600 million
While many people associate biohacking with taking vitamins or exercising, most biohackers will tell you it’s about embracing a wellness-focused lifestyle and making changes to optimize health. Much of this begins with making healthy changes at home. For example, opting for an organic mattress instead of a conventional one can reduce chemical exposure. Dave Asprey
At her bed-and-breakfast Nicole Butler hosts backyard potlucks with THC-infused food. Photo: Nicole Butler At Nicole Butler’s bed-and-breakfast, cannabis is in the candy that greets guests at check-in, the homemade shrimp and grits and other meals she serves, and the snacks she sets out for anyone who gets the munchies. “I’ve really just tried to
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