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The “Great Wealth Transfer” is in full swing, as over $100 trillion is expected to be transfered from older generations to their heirs through 2048, according to Cerulli Associates. Goodboy Picture Company | E+ | Getty Images As the baton of wealth is inherited by younger generations, the heirs of wealthy families are taking a … Read more
Broadcom is more likely to deliver big gains for investors in 2025 than AI chip leader Nvidia , as major technology companies seek to reduce their dependence on a single supplier, according to fund manager Stephen Yiu. Yiu, portfolio manager of the Blue Whale Growth Fund, said that while Big Tech giants, such as Microsoft … Read more
Traders work on the floor at the New York Stock Exchange on Dec. 10, 2024. Brendan McDermid | Reuters Stock futures edged up in overnight trading Sunday as the market gears up for a holiday-shortened trading week. Futures on the Dow Jones Industrial Average gained about 100 points. S&P 500 futures rose 0.3% and Nasdaq … Read more
Wall Street bulls mounted a valiant effort and pushed the stock market sharply Friday on a double dose of encouraging news. But the rally was not enough to overcome Wednesday’s Fed-driven plunge. The S & P 500 dropped for the second straight week, losing 2%, while the Dow Jones Industrial Average made it three down … Read more
Amtrak Locomotive Engineer Davis Grilley drove The Winter Park Express from Denver Union Station to Winter Park in Winter Park, Colorado on Friday, December 20, 2024. Hyoung Chang | Denver Post | Getty Images Amtrak temporarily suspended all train service between New York and Philadelphia Sunday morning due to downed overhead power wires that were … Read more
U.S. President-elect Donald Trump delivers remarks at Mar-a-Lago in Palm Beach, Florida, U.S., December 16, 2024. Brian Snyder | Reuters President-elect Donald Trump said Sunday Russian President Vladimir Putin has expressed his interest in a meeting regarding the war with Ukraine. “President Putin said that he wants to meet with me as soon as possible,” … Read more
U.S. National Security Advisor, Jake Sullivan speaks during a press conference in Tel Aviv, Israel, 12 December 2024. Abir Sultan | Via Reuters The Biden administration is concerned that a weakened Iran could decide to build a nuclear weapon, White House National Security Adviser Jake Sullivan said on Sunday, adding that he was briefing incoming … Read more
Google’s recent announcement of the arrival of Willow, a quantum chip that has reduced the error tendencies of some of its predecessors, is a milestone in the effort to bring quantum computing into the real world, and in the years ahead, it could change the way we think about the risk in cryptocurrencies. Willow’s speed … Read more
Stephen Miran, who was an adviser for economic policy at the U.S. Treasury Department when Donald Trump was last in office, has been tapped by the president-elect as the chair of his Council of Economic Advisers, Trump said on Sunday. The White House Council of Economic Advisers advises the president on economic policy. This story … Read more
Navigating a busy college schedule is hard. Navigating a busy college schedule while running your own business is even harder. For Elena Bonvicini, who founded the viral clothing brand EB Denim in high school, scaling her business during her time at the University of Southern California was a tall order. By the time she was … Read more