Specialist divers on Tuesday launched a fresh search for six people, including UK tech tycoon Mike Lynch and the chairman of Morgan Stanley International, missing since their yacht capsized off the Italian island of Sicily. The British-flagged Bayesian, which had 22 people aboard including 10 crew, was anchored some 700 metres from port before dawn
Asian markets edged down Tuesday as investors jockey ahead of a slew of central bank decisions, key economic data and earnings from tech titans this week. While last week’s US inflation report further stoked optimism that the Federal Reserve will cut interest rates at least once this year, traders became more cautious after Monday’s rally.
Britain’s Labour finance minister Rachel Reeves declared Monday that the public finances face an extra £22-billion hole inherited from the previous Conservative administration and warned of “difficult decisions” ahead to cut spending or hike taxes. Reeves, who is the first woman chancellor of the exchequer, also cancelled or postponed road and hospital building projects and
3M stock just had its best day on record, leaving investors slack-jawed. They aren’t exactly sure why. The answer is surprisingly simple though: It’s growth. 3M stock gained 23% on Friday after reporting better-than-expected second-quarter earnings. It was the best one-day move for the stock on record, according to Dow Jones Market Data. They looked
The United States will contribute some $667 million to a fund designed to finance investments in pandemic preparedness, Treasury Secretary Janet Yellen announced Wednesday. “President (Joe) Biden and I believe that a fully-resourced Pandemic Fund will enable us to better prevent, prepare for, and respond to pandemics — protecting Americans and people around the world
Vice President Kamala Harris and her husband are multimillionaires with dozens of holdings in diversified index funds that would look familiar to many retirement savers. But part of their portfolio is hidden behind a trust whose holdings are at least partially obscured from the public. Harris, 59 years old, vaulted into position to lead the
If former President Donald Trump wins reelection, he will have power to set policies that affect the values of crypto, oil, and venture capital. His vice presidential pick, J.D. Vance, has financial interests in all three. In 39-year-old Vance, Trump picked a young populist with connections to Silicon Valley rather than a traditional big-business conservative.
When Saphna and Karan Aggarwal discovered that an uninhabitable house on Mount Angelus Drive in Los Angeles was up for sale, they jumped at the opportunity. The married duo behind the interior design and property investment company Bungalowe live right around the corner, and know how coveted the location is within the city’s Highland Park
The Bitcoin price was surging in early-morning trading on Monday as markets reacted to the assassination attempt on former U.S. President Donald Trump. The token, which is the largest cryptocurrency in terms of market capitalization, was up 5% over 24 hours to $62,903. Excitement about the launch of several exchange-traded funds helped bitcoin hit a record high
If you buy an annuity in a rollover individual retirement account a few months from now, you might get a better deal on it. That’s because your insurance agent will be required to act as a fiduciary in your best interest. It’s just one of the changes in a new Department of Labor rule set