Author: Press Room

getty The hardest part of investing for retirement is budgeting ample contributions. Solve that issue and you jump into the next hardest part: Deciding how to invest. Your retirement investment decisions should flow from a target asset allocation that aligns with your time horizon and risk tolerance. Once you implement that allocation, you’ll lean on a rebalancing strategy to keep it. Read on to learn how to allocate a retirement portfolio and rebalance it later. This guide details the elements of a balanced portfolio and provides six sample allocations for different scenarios. What Is Portfolio Allocation? Portfolio allocation is the…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Arctos Partners, the sports-focused private equity group, has invested in Aston Martin’s Formula One team on the eve of F1’s return to Las Vegas in a deal that values the racing unit at about £1bn.The investment is the first time that team owner Lawrence Stroll, who is also the largest shareholder in the listed Aston Martin carmaker, has tapped outside investors for the F1 team in which his son, Lance, races.Under the deal, announced ahead of the Las Vegas Grand Prix this…

© Reuters. FILE PHOTO: Lisa Cook testifies before a Senate Banking Committee hearing on her nomination to be a member of the Federal Reserve Board of Governors (for a second term), on Capitol Hill in Washington, U.S., June 21, 2023. REUTERS/Jonathan Ernst SAN FRANCISCO (Reuters) – The U.S. central bank must steer between the risk of doing too little and taking the fight against inflation too far, Federal Reserve Governor Lisa Cook said on Thursday, a task made particularly delicate because other global central banks have also tightened monetary policy quickly over the past couple of years. “I believe that…

© Reuters. FILE PHOTO: A truck loads concentrated brine at SQM lithium mine at the Atacama salt flat, in Antofagasta region, Chile, May 3, 2023. REUTERS/Ivan Alvarado/File Photo (Reuters) – SQM, the world’s second-largest lithium producer, said on Thursday it is building its lithium inventories as it continues to produce at maximum capacity, even as falling prices more than halved its quarterly profit. “The idea is to be prepared when inventories return to the normal level and customer purchases are reactivated,” said SQM’s lithium vice-president Carlos Diaz. Prices for lithium, an ultralight metal used for electric vehicle (EV) batteries, have…

designer491 Timber Pharmaceuticals (NYSE:TMBR) fell ~16% in the early hours on Thursday ahead of a special meeting scheduled later this week to obtain shareholder approval for its proposed merger with Danish dermatology company LEO Pharma. Shares of the nano-cap pharma company surged in August in reaction to the deal under which LEO US Holding, a unit of LEO Pharma, is set to acquire TMBR for $14M in upfront cash and an additional $22M in contingent value rights ((CVRs)). However, since then, the stock has lost ~34%, as the company’s previous attempt to obtain shareholder approval in October failed amid insufficient…

© Reuters. JOHANNESBURG – The South African rand has seen a notable appreciation against the US dollar, buoyed by a combination of international and domestic factors. Favorable US inflation data, along with positive retail sales figures from South Africa and growing optimism in China’s retail and industrial sectors, have contributed to the currency’s strength. The upbeat mood surrounding the initial phase of the meeting between President Xi Jinping and President Joe Biden has also played a role in supporting the rand’s value. Despite these positive indicators, a report from Harvard has highlighted state capacity challenges that could pose serious risks…

The House Ethics Committee on Thursday found “substantial evidence” that Representative George Santos violated federal law, ending a nearly nine-month investigation and setting the stage for another push to expel the embattled first-term Republican from New York.House investigators found evidence that Mr. Santos used campaign funds for personal purposes, defrauded donors and filed false or incomplete campaign finance and financial disclosure reports, according to a 56-page report released on Thursday.The committee voted unanimously to refer its findings to the Department of Justice, saying that Mr. Santos’s conduct “warrants public condemnation, is beneath the dignity of the office, and has brought…

When you buy through our links, Insider may earn an affiliate commission. Learn more The best cheap cell phone plans offer dependable coverage and service speeds at a range of affordable prices. Choosing the right mobile virtual network operator (or MVNO) for you, though, will come down to your budget, your location, and your priorities.Overall, it’s hard to beat our top pick, Mint Mobile’s promotion for its three-month prepaid plans, as it offers 5GB, 15GB, 20GB, or “unlimited” data (40GB) to new customers for discounted rates, starting at just $15 per month. If you’re looking to extend your savings further,…

Woman in nursing home with an aide. getty The US is desperately short of nurses, personal care aides, and other direct care workers who help frail older adults and younger people with disabilities manage their days. Instead of dealing with the problem, policymakers have, predictably, devolved into their usual partisan blame-mongering. Watch, if you can, this recent hearing of the House Energy and Commerce Committee on the worker shortage. Minimum staffing requirements recently proposed by the federal government never will succeed without a sufficient pool of willing workers. Fundamentally fixing the problem will require more money—lots more—along with immigration reform,…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Walmart shares tumbled by 7 per cent on Thursday after the world’s largest retailer predicted weak consumer spending during the holiday season.John Rainey, chief financial officer, told analysts the company had seen “a softening” starting in October, with “somewhat uneven” sales since. “And this gives us reason to think slightly more cautiously about the consumer versus 90 days ago” when Walmart last reported results, he said.Walmart’s results are closely followed as a gauge of the strength of the US consumer, which has…