Billionaire investor Steve Cohen has made a significant decision to step back from the trading floor of his renowned hedge fund, Point72 Asset Management. While he will remain actively involved as the co-chief investment officer, Cohen is transitioning away from actively managing his own trades. This strategic move marks a new chapter in his extensive
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The world of retirement accounts can be complex, particularly when it comes to inherited accounts. With recent changes ushered in by legislation like the Secure Act of 2019 and Secure 2.0, understanding how to efficiently manage a newly inherited pretax Individual Retirement Account (IRA) is imperative. Failure to navigate these waters can result in hefty
As the nation braces itself for a closely contested presidential race, a distinct ripple effect is occurring in the realm of estate planning, particularly among ultra-wealthy investors. Fears surrounding potential changes to estate tax regulations have prompted significant shifts in tax strategies, with many affluent individuals scrambling to alter their financial approaches before looming deadlines.
The integration of sports betting into modern sports culture has been a significant trend in recent years. Industry leaders, such as FanDuel, Fanatics, DraftKings, and Sportradar, have been at the forefront of this movement. These companies are constantly innovating and adapting to the changing market dynamics in order to stay relevant and competitive. One of
Hopes were high earlier this summer for millions of federal student loan borrowers as the Biden administration announced plans for debt forgiveness. However, a recent development has put a temporary hold on this relief. Here’s what we know so far about the obstacles facing the new loan forgiveness plan. On September 5th, U.S. District Judge
The ongoing carriage dispute between DirecTV and Disney has left millions of DirecTV customers in the dark when it comes to watching popular channels like ESPN and FX. The battle over fees and bundling has escalated to the point where DirecTV customers are missing out on major sporting events, including the NFL’s “Monday Night Football”
Discount home goods retailer Big Lots has recently filed for bankruptcy, citing high interest rates and a sluggish housing market as factors contributing to its financial downfall. The company, which operates over 1,300 stores across 48 states, has seen a decline in sales following a drop in demand for home furnishings post-pandemic. Despite generating $4.7
Activist investor Starboard Value has recently taken a bold step by moving to dissolve News Corp’s dual-class share structure. This move directly challenges the Murdoch family’s longstanding control over the Wall Street Journal parent company. The push was made through a non-binding shareholder resolution, indicating Starboard’s determination to make significant changes within News Corp’s corporate
CrowdStrike, a cybersecurity software maker, recently reported strong fiscal second-quarter results but faced a significant setback due to a global outage. Despite exceeding analyst expectations in terms of earnings per share and revenue, the company’s shares slipped 4% in extended trading. This decline was primarily attributed to a flawed content configuration update that caused widespread
The landscape of cannabis consumption has undergone a significant transformation, with legal avenues for cannabis consumption now infiltrating the luxury market on Fifth Avenue in New York City. The legalization of adult-use marijuana in New York State has paved the way for licensed dispensaries to flourish, with sales exceeding $100 million last year. Shoppers can