Author: Press Room
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Goldman Sachs chief David Solomon has warned private companies to take “great caution” before deciding to go public, adding that the depth of capital in private markets has removed the need for many to list at all.“Today you can get capital privately, at scale . . . you can also get liquidity in the private markets. So the reasons to go public, when you really reach an incredible scale, are getting pushed out,” said Solomon at the Cisco AI Summit in Palo Alto.“If you are running…
In workshops, I like to ask participants if they have a legal will—a written document that outlines how they want to distribute their financial assets. And hands shoot up. Then I ask them if they have an ethical will. Very few hands go up. An ethical will is often called a legacy letter. Both are ways to share and pass on our beliefs, values, stories, and life lessons. contain your wishes, thoughts, feelings, memories, life lessons—anything you hold dear. These written documents help repair relationships by making amends. After my son graduated from college and moved out, I found a…
As President Joe Biden’s term draws to a close, he has granted federal student loan relief to an additional 150,000 borrowers. These 150,000 borrowers include almost 85,000 who attended schools that cheated and defrauded their students, 61,000 borrowers with total and permanent disabilities, and 6,100 public service workers. The debt forgiveness now brings the number of students whose student debt has been canceled during his administration to more than 5 million, according to a White House release.The latest wave of debt relief includes 6,100 borrowers who have had $465 million of debt forgiven through the Public Service Loan Forgiveness (PSLF) program.…
This article was written byFollowFranklin Resources, Inc. [NYSE:BEN] is a global investment management organization with subsidiaries operating as Franklin Templeton and serving clients in over 150 countries. Franklin Templeton’s mission is to help clients achieve better outcomes through investment management expertise, wealth management and technology solutions. Through its specialist investment managers, the company offers specialization on a global scale, bringing extensive capabilities in fixed income, equity, alternatives and multi-asset solutions. With more than 1,300 investment professionals, and offices in major financial markets around the world, the California-based company has over 75 years of investment experience and over $1.4 trillion in…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.South Korea’s suspended President Yoon Suk Yeol was arrested on Wednesday morning following a predawn raid by police and investigators on his fortified hilltop compound.Yoon’s detention followed a six-hour stand-off between law enforcement officials and members of the president’s security detail. It is the first time in South Korea’s history that a sitting president has been arrested.The development marks the latest twist in a political crisis that was triggered by his failed attempt to impose martial law last month, and which has…
A decade ago, I couldn’t spell septuagenarian, and yet now, at 72, I am one. A decade ago, I thought I would retire in my 60s. And yet here I am working in my 70s. The reality is that some of us don’t retire until we are into our 70s or even 80s. Some never plan to retire. With improved healthcare and the advent of jobs that don’t require physical labor, this group of late retirees is growing. According to the most recent data from the Bureau of Labor Statistics, 5.8% of the labor force is age 70 and older,…
Aehr Test Systems, Inc. (NASDAQ:AEHR) Q2 2025 Earnings Conference Call January 13, 2025 5:00 PM ET Company Participants Jim Byers – PondelWilkinson, IRGayn Erickson – President & CEOChris Siu – CFO Conference Call Participants Christian Schwab – Craig-Hallum Capital GroupJed Dorsheimer – William BlairTom Diffely – D.A. DavidsonLarry Chlebina – Chlebina Capital Operator Greetings. Welcome to the Aehr Test Systems Fiscal 2025 Second Quarter Financial Results Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions] Please note, this conference is being recorded. I will now turn the conference…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Los Angeles was braced for near “hurricane force” winds on Monday that weather forecasters said could fan the devastating wildfires that have swept across southern California as damage estimates mounted.As firefighters struggled to contain the deadly blazes that continued to rage in the suburbs of the US’s second-largest city, the National Weather Service issued a “red flag alert” warning amid deteriorating conditions.Winds of up to 75 miles an hour were expected to hit the region from Monday night until Wednesday morning, according…
Is 10 million enough to retire? The crux of retirement planning is figuring out what level of income your assets can safely support over your retirement lifetime and how that compares to your current living expenses. In another words, your ability to retire on [insert any amount of money] mostly depends on how much income you need from your investments and how long you need it to last for. There are, of course, many other variables as well, which is why it’s important to speak with a financial advisor about your individual circumstances. Retirement Lifestyle At Different Asset Levels Americans…
President Biden announced the approval of student loan handouts for more than 150,000 people on Monday, with the White House touting a total of more than 5 million beneficiaries over the course of the president’s term. With just one week left in office, Biden said his administration “has taken historic action to reduce the burden of student debt, hold bad actors accountable, and fight on behalf of students across the country.””These 150,000 borrowers include: almost 85,000 borrowers who attended schools that cheated and defrauded their students, 61,000 borrowers with total and permanent disabilities, and 6,100 public service workers,” Biden said…
