Finance

Balances Grow, But So Does Share In Equities

Do participants understand their exposure to risk? It’s always interesting to look at Vanguard’s most recent edition of “How America Saves,” which summarizes the previous year’s activity for...

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I dove deep into the SportsCenter of Silicon Valley

Getty Images; Tyler Le/BIAt the defense tech and data juggernaut Palantir's customer conference in early September, CEO Alex Karp joined the online talk show "TBPN" to take a victory lap. "We're cr...

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Who is Lisa Cook? Meet the Fed governor Trump said he fired but is refusing to leave

President Donald Trump isn't backing down from his effort to fire Federal Reserve Gov. Lisa Cook.Drew Angerer/Getty ImagesPresident Donald Trump isn't backing down from his fight with Federal Reser...

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Veteran investor John Rogers shares 3 tips for young people to get ahead — and his advice for wealthy parents

Danny Moloshok/ReutersJohn Rogers says young people should follow their passions, nurture their networks, and keep their promises.The Ariel Investments chief says kids of wealthy parents should pur...

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'I like not-working better': A millennial who once made $300,000 secretly juggling jobs tells us why he scaled back

Getty Images; Tyler Le/BIJohn, a software engineer, made $300,000 a year, secretly working two remote jobs.But after one job loss and a return-to-office push, he's decided to stop chasing "overempl...

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Elon Musk's xAI lays off hundreds of workers tasked with training Grok

VINCENT FEURAY/Hans Lucas/AFP via Getty ImagesXAI laid off about a third of its data annotation team, reducing staff by about 500 workers.The layoffs follow a strategic shift to prioritize speciali...

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I left a career spanning Goldman Sachs and tech to become a hiking guide. The 75% pay cut was worth it.

Cliff Goldstein is now a hiking guide.Courtesy of Hike with CliffCliff Goldstein worked in wealth management and then in tech startups.He decided to trade a salary of more than $250,000 for his dre...

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Inside the personal finances of a MAGA influencer turned diplomatic nominee

Nick Adams, Trump's nominee to be US Ambassador to Malaysia, made almost $50,000 from Cameo since the beginning of 2024.Philip Cheung for The Washington Post via Getty ImagesTrump nominated author ...

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Look inside Institut auf dem Rosenberg, an elite boarding school in Switzerland that costs over $200,000 a year

Institut auf dem Rosenberg.Institut auf dem RosenbergInstitut auf dem Rosenberg is a private, family-run, international boarding school in Switzerland.Rosenberg's dorms have cherry hardwood floors ...

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'Y'all Street' is booming: What financial giants like Goldman Sachs and Bank of America are building in Texas

A rendering of the Goldman Sachs campus in Dallas, which is expected to open in 2028.Goldman SachsBanks and financial institutions are expanding their operations in Texas.Corporations across indust...

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From 6 figures to minimum wage: America's oldest workers are taking pay cuts

Patricia Wheatley, 82, works full-time answering the phone and doing administrative work at her friend's boat store.Nate Smallwood for BIWhen Vince Scidone showed up for work on his 90th birthday, ...

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How an early investment in Figure turned into a massive win for a VC who heard the pitch while eating burgers in San Francisco

From left to right: DCM partner Ibrahim AlSuwaidi, DCM cofounder and general partner David Chao, Figure cofounder Mike Cagney, and Figure CEO Michael Tennanbaum.Stephanie Cowan PhotographyDCM's $10...

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CRA wins court battle after it says salesperson wrote off too many expenses

If you start a side business, you’re presumably doing so to make a profit, but this is not always the case. Some taxpayers operate a business as a way to write off personal expenses as busin...

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Robinhood's CEO says AI won't fully take over trading

Vlad Tenev, CEO and co-founder, Robinhood.Kimberly White/Getty Images for RobinhoodRobinhood's CEO said AI won't replace the human aspects of trading entirely.Vlad Tenev said that AI is a platform ...

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Meet the world's 2nd-richest person: Oracle founder Larry Ellison's net worth just shot up to $383 billion

Larry Ellison.Phillip Faraone/Getty ImagesLarry Ellison is the 81-year-old cofounder of Oracle.A surge in Oracle stock briefly made him the world's richest man on September 10.As of September 11, h...

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A white-hat hacking gambit spawned $48 million in venture funding for cybersecurity startup Koi. Read its pitch deck.

Koi cofounders Amit Assaraf, Idan Dardikman, and Itay Kruk.Omer HacohenCybersecurity startup Koi raised $48 million to help protect companies against add-on software.Its founders built a fake exten...

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What Jeffrey Epstein's birthday book tells us about his Wall Street origins

Bear Stearns' trading floor on April 12, 2005, in New York.Ramin Talaie/Corbis via Getty ImagesJeffrey Epstein's 50th birthday book, released this week, details his expansive social network.The boo...

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Larry Ellison's $100 billion day reminds us why David Ellison could buy Paramount

Larry Ellison backed the deal that let his son David buy Paramount this year.Eric Charbonneau/Getty Images for The Hollywood ReporterLarry Ellison, the Oracle cofounder, is very, very rich.Now he's...

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The housing market just flashed a key signal that it's finally thawing

The housing market just flashed a strong sign activity is about to thaw out.Justin Sullivan/Getty ImagesMortgage rates are flashing a positive signal for prospective homebuyers.Rates on the 30-year...

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Top OpenAI exec dishes at a Goldman Sachs conference. Here are all the numbers.

OpenAI CFO Sarah FriarMike Segar/REUTERSOpenAI is raising billions at a $500 billion valuation, attracting intense investor interest.OpenAI CFO Sarah Friar spoke at Goldman's tech conference in San...

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B.C. woman is facing the headache of turning her RRSPs into RRIFs now that she's 71

Rosemary* turned 71 this summer and knows she has to convert her ...

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