Author: Press Room

(Photo by CARLOS JASSO / AFP) (Photo by CARLOS JASSO/AFP via Getty Images)AFP via Getty Images When it comes to 401(k) fund options, more can be less in terms of your ability to make good investment choices. Certainly, employers have been generous in the number of options they offer in 401(k)s. According to a recent survey, “in 2020, the average large 401(k) plan offered 28 investment options, of which about 13 were equity (stock) funds, three were bond funds, and nine were target-date funds.” The research, published by Brightscope and ICI, broke down the choices into several investment varieties: Mutual…

By his reckoning, Jorge Pérez may have lost more money than anyone in the 2008 financial crisis. The founder of the Related Group, Florida’s largest property developer, watched $3bn in condominium sales evaporate as buyers walked away from towers that would become emblems of the property crisis. To make matters worse, as Pérez was haggling with lenders over some $2.5bn in debts, doctors discovered a golf-ball-sized tumour in his pancreas that would require 11 hours of surgery.“It changed me completely,” Pérez, 74, says of those days. “You go through 30 years of thinking you’re the hottest thing in the world.…

© Reuters. Saudi Arabia stocks higher at close of trade; Tadawul All Share up 0.37% Investing.com – Saudi Arabia stocks were higher after the close on Sunday, as gains in the , and sectors led shares higher. At the close in Saudi Arabia, the added 0.37% to hit a new 1-month high. The best performers of the session on the were Middle East Healthcare Co CJSC (TADAWUL:), which rose 9.95% or 7.80 points to trade at 86.20 at the close. Meanwhile, Naqi Water Co (TADAWUL:) added 6.34% or 4.70 points to end at 78.80 and Fawaz Abdulaziz AlHokair Company (TADAWUL:)…

martinrlee William Hill-owner 888 Holdings (OTCPK:EIHDF) rejected a £700m takeover from Playtech (OTCPK:PYTCF) over the summer. Gambling tech provider Playtech (OTCPK:PYTCF) made an indicative approach to purchase 888 Holdings at a price of 156p a share in July, according to a Sunday Times report on Saturday, which cited unidentified City sources. Since rejecting the offer, 888 shares have plunged and the Will Hill-owner is now valued at a bit more than £300 million. Playtech (OTCPK:PYTCF) may have been looking to combine 888’s brands with Snai, an Italian betting brand, and then hive off Playtech’s business-to-business operation as a separate company,…

Three armed suspects are accused of breaking into a Virginia home and assaulting two people inside during a violent burglary incident last week. Jaquan Ross, 32, of Lorton, and Elijah Thomas, 24, of Dumfries, are being held without bond, while investigators search for the third suspect, Fairfax County police revealed on Friday. At 5:45 a.m. on Monday, officers had responded to a burglary in the 1300 block of Spring Hill Road in McLean. Police say three suspects forcibly entered the victim’s residence, brandished a firearm and demanded money. The men allegedly assaulted two victims inside the home then ran from the residence. One…

“Spend each day trying to be a little wiser than you were when you woke up. Discharge your duties … [+] faithfully and well. Slug it out one inch at a time, day by day. At the end of the day, if you live long enough, most people get what they deserve.” – Charlie Munger (Photo by: Lacy O’Toole/CNBC/NBCU Photo Bank/NBCUniversal via Getty Images)NBCU Photo Bank/NBCUniversal via Getty Images The world lost an investment legend and font of knowledge last week with the passing of Charlie Munger at the age of 99. He was best known as Warren Buffett’s partner…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Two panels of top legal experts will assist a government-ordered independent review looking at potential reforms of disclosure rules and fraud laws following the collapse of a series of white-collar criminal investigations in English courts. Jonathan Fisher KC, the senior barrister leading the review, will next week announce the creation of two groups of advisers — a practitioner’s panel and a representatives’ panel.They will support a two-stage probe that will start by looking at whether the rules governing the disclosure of evidence…

© Reuters Here are the biggest analyst moves in the area of artificial intelligence (AI) for this week. InvestingPro subscribers always get first dibs on market-moving AI analsyt comments. Unlock the potential of InvestingPro for up to 60% off this Cyber Monday and never miss out on a market winner again. These companies discussed AI the most on their earnings calls DealHub conducted an analysis of the last two earnings calls from over 200 leading companies, revealing the top 10 companies most actively discussing AI in the context of sales. The list of companies includes Broadcom (NASDAQ: NASDAQ:), AMD (NYSE:…

The first full week of December features several significant companies slated to announce their quarterly results. These earnings releases hold considerable implications for various sectors, including energy, software, retail, autos and semiconductors. Among the companies scheduled to release financial figures are NIO (NYSE:NIO), GameStop (NYSE:GME), DocuSign (NASDAQ:DOCU), ChargePoint (NYSE:CHPT), Dollar General (NYSE:DG), C3.ai (NYSE:AI) and Broadcom (NASDAQ:AVGO). Additionally, reports are expected from Toll Brothers (NYSE:TOL), Campbell Soup (NYSE:CPB), AutoZone (NYSE:AZO), Lululemon (NASDAQ:LULU), MongoDB (NASDAQ:MDB), Signet (NYSE:SIG) and Chewy (NYSE:CHWY). Below is a curated list of earnings due in the weeks of December 4 to December 8: Monday, December 4 GitLab…

For more than 40 years, Mississippi had one of the strictest school vaccination requirements in the nation, and its high childhood immunization rates have been a source of pride. But in July, the state began excusing children from vaccination if their parents cited religious objections, after a federal judge sided with a “medical freedom” group.Today, 2,100 Mississippi schoolchildren are officially exempt from vaccination on religious grounds. Five hundred more are exempt because their health precludes vaccination. Dr. Daniel P. Edney, the state health officer, warns that if the total number of exemptions climbs above 3,000, Mississippi will once again face…