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☆ There’s more than one way to access this asset offering tax-free income. How to make the right choice
▼ + stars: | 2024-05-20 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +5 min

Muni bonds are beloved by wealthy investors because they offer income that's free of federal taxes. Muni bond ETFs and mutual funds, meanwhile, don't have a definite maturity date and their price can fluctuate while the investor is holding them. Liquidity needs are also a major factor, with individual bonds potentially being hard to sell if an investor has a cash need. Since these funds offer a fixed number of shares, they trade at a discount or premium to their net asset value. Some of these funds hold municipal bonds and are trading at sharp discounts to their net asset value, potentially making them an attractive purchase.

Persons: Kathleen McNamara, there's, muni, he'll, Beth Foos, James Ritzema, Baird, Jon Browne Organizations: Federal Reserve, UBS, tradeoffs Investors, SEC, Investors, Morningstar, RiverNorth Locations: Americas, –

☆ Chinese EV maker Zeekr prices IPO at $21, at the top end of range, reports say
▼ + stars: | 2024-05-09 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

A Zeekr 001 electric vehicle (EV) by Geely is seen displayed at the Zeekr booth during a media day for the Auto Shanghai show in Shanghai, China April 19, 2021. Chinese electric vehicle maker Zeekr priced its initial public offering at $21 a share Thursday, at the top end of its range, according to news reports. Zeekr, which is backed by Chinese-based automotive group Geely, offers several luxury vehicle models, including an upscale sedan it began delivering in January. "Our sales gap with Tesla keeps on narrowing," Zeekr CEO Andy An told CNBC in an interview last month translated from Mandarin. Zeekr has said it plans to use the proceeds from the offering to develop more advanced battery electric vehicle technologies.

Persons: Geely, Tesla, Andy, Zeekr, Goldman Sachs, Morgan Stanley, Merrill Lynch Organizations: Auto Shanghai, New York Stock Exchange, Reuters, Bloomberg News, Securities and Exchange Commission, SEC, Tesla, CNBC, Underwriters, China International Capital Locations: Shanghai, China, Zhejiang, Europe, Latin America, Sweden, Netherlands

☆ Bubble tea: ChaPanda shares plunge in Hong Kong IPO
▼ + stars: | 2024-04-23 | by ( Anna Cooban | ) edition.cnn.com time to read: +3 min

The company, also known as Chabaidao or ChaPanda, had priced its shares at $17.50 Hong Kong dollars ($2.23) apiece, but they plunged as low as $10.80 Hong Kong dollars ($1.38) in the first two hours of trading on the Hong Kong stock exchange. Bubble tea (also called “black pearl tea” or “boba tea”) originated in Taiwan in the 1980s, but has since found millions of devotees around the world. In January, two of China’s most popular bubble tea brands, Mixue Group and Guming Holdings, applied for IPOs on Hong Kong’s stock exchange. Another Chinese bubble tea maker, Nayuki, has lost 88% of its stock market value since going public in Hong Kong in 2021. “The overall turnover and valuation of the (Hong Kong) stock market, which depend on the market liquidity, i.e.

Persons: Baidao, Frost, Frost & Sullivan, Robert Lui, “, ”, Laura Organizations: London CNN —, Hong, Frost &, China, Franchise Association . Stock, Mixue, Guming Holdings, Deloitte Locations: Sichuan, Hong Kong, Chengdu, Taiwan, China, Hong, Dealogic, Shanghai, Shenzhen

☆ Abortions now cost over $450, more than double the price before Roe was overturned, per a reproductive care nonprofit director
▼ + stars: | 2024-02-29 | by ( Allie Kelly | ) www.businessinsider.com time to read: +9 min

Abortion funds provide information and help offset costsThe demand for funds like CAF has risen significantly since June 2022, Jeyifo said. It also received funding from the city of Chicago and is one of the few abortion funds to receive local government funding. AdvertisementSo far this year, Hidalgo-Cuellar said 84% of Cobalt's clients requiring travel support have come from Texas. She said it's difficult to keep the work of abortion funds in the public eye — and she worries about donations drying up. Imminent rulings from the Florida Supreme Court will also decide the fate of the state's abortion bans, and whether voters will have a say in abortion laws this November.

Persons: —, Roe, Wade, Megan Jeyifo, Jeyifo, Dobbs, they'll, Melisa Hidalgo, Cuellar, Sumeyye, you's Organizations: Service, Chicago Abortion Fund, CAF, Business, Jackson, Health Organization, Guttmacher, Kaiser Family Foundation, Guttmacher Institute, The, Abortion, ARC Locations: Chicago, Illinois, New Mexico, Colorado, Hidalgo, Texas, Alabama, Georgia, Mississippi, Arc, Florida

☆ The fastest-growing hedge funds are now investing conglomerates. That's changing how investors judge the biggest firms.
▼ + stars: | 2024-02-29 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +7 min

The rise in multi-manager hedge funds over the past five years has forced allocators to create a separate due diligence model for the fastest-growing segment in the industry. Even an executive at a midsized multi-manager admits their firm and its peers are "more like corporations than hedge funds." AdvertisementA new type of hedge-fund kingsFounders were once simply the best traders and money-makers, spinning out of banks' trading desks and larger hedge funds. Bobby Jain, the former Millennium executive starting his own multi-billion hedge fund, hasn't traded in decades but was a part of the leadership team at one of the biggest hedge funds in the world. Jobs at multi-manager platforms are roughly a quarter of the industry's overall roles, despite these funds holding roughly 14% of the assets.

Persons: —, allocators, Griffin's, Izzy Englander's, Jack Springate, Allen Cheng, Cheng, Bobby Jain, hasn't, Michael Gelband, Dmitry Balyasny, Steve Cohen, Izzy Englander, Ajay, Kevin Lyons, Lyons, Springate Organizations: Service, Business, Fortune, Goldman Sachs Asset Management, Aon, Millennium, Treasury Locations: Schonfeld's

☆ Opinion: We must help Ukraine now or fight costlier wars later
▼ + stars: | 2024-02-28 | by ( Opinion Mark T. Esper | ) edition.cnn.com time to read: +8 min

Whether Congress chooses to provide the continued financial support Ukraine, Israel and Taiwan desperately need will go a long way toward answering this question. Secretary of Defense Mark Esper testifies during a House Armed Services Committee hearing on July 9 in Washington, DC. Without renewed US support, the arms pipeline to Ukraine will continue to dwindle over the coming months, directly impacting what happens on the battlefield. Politics must be set aside, and politicians who spurn allies, coddle autocrats and argue for American retrenchment should be ignored. Leadership is a heavy cross to bear, indeed, but the benefits of doing so — especially in the face of clear threats — will always outweigh the costs and favor the United States.

Persons: Mark, Esper, Trump, Russia resurges, Defense Mark Esper, Greg Nash, Vladimir Putin’s, Israel dismantles, Joe Biden, Anatolii Stepanov, Putin, Xi Jinping, coddle autocrats Organizations: Times, The McCain Institute, CNN, Defense, Armed, Funds, Communist, NATO, Ukraine, Taiwan Locations: Russia, Ukraine, United States, Israel, Taiwan, Washington , DC, Ukrainian, Avdiivka, Communist China, Kyiv, Moscow, Russian, Kostyantynivka, Donetsk, AFP, China, Japan, South Korea, Philippines, Washington, Iran, Afghanistan, East

☆ Russia’s Brutal War Calculus
▼ + stars: | 2024-02-24 | by ( Paul Sonne | Josh Holder | ) www.nytimes.com time to read: +7 min

Russia’s Brutal War Calculus Freedoms Wages The costs of two years of war in Ukraine have been enormous. Here is a look at how Russia at war has changed — suffering enormous costs by some metrics but faring better than expected by others. But Mr. Putin has convinced many that in invading Ukraine, Russia is defending itself against an existential threat from the West. Blood and TreasureIn the early months of the war, Mr. Putin’s military made grave mistakes, but it has regrouped. But despite their stated support for the war, many Russians would be happy for it to end.

Persons: languish, Instagram, Vladimir Putin, Putin, ”, “, Putin’s, Aleksei A, Navalny Organizations: Daily Life People, Facebook, Travel, Trade, Russia, Military Locations: Ukraine, Russia, China, Soviet Union, India, Moscow, Europe, Turkey, Ukrainian

The jury, after a week of deliberations, found that the group’s former leader, Wayne LaPierre, had used N.R.A. Mr. LaPierre has repaid some of that sum, but must still repay $4.35 million. In addition to Mr. LaPierre, the defendants included the group’s former treasurer, Wilson Phillips, and its general counsel, John Frazer. Mr. Phillips must repay $2 million. “Today, LaPierre and the N.R.A.

Persons: Wayne LaPierre, LaPierre, Wilson Phillips, John Frazer, Phillips, Letitia James Organizations: National Rifle Association Locations: Manhattan, “

☆ Lawyers in N.R.A. Trial Deliver Closing Arguments, Sending Case to Jury
▼ + stars: | 2024-02-15 | by ( Jesse Mckinley | Liset Cruz | ) www.nytimes.com time to read: +1 min

Lawyers for New York State concluded their case against the National Rifle Association on Thursday, bringing an end to a closely watched civil showdown that accused leaders of the nation’s most prominent gun rights group of financial misconduct and corruption. Over the last six weeks, lawyers for New York’s attorney general, Letitia James, have outlined a case that paints the N.R.A. as a mismanaged organization with little fealty to its mission of defending the Second Amendment or to the gun owners who prize that right. funds to pay for private jets, luxury vacations, and the occasional spin on a superyacht. “This case is about corruption: Misuse of funds spent on jets, black cars, five-star hotels, hundreds of thousands of dollars of suits, million-dollar deals to insiders, payments to loyal board members and pervasive violations of internal controls,” Ms. Connell said to the nearly full courtroom in Manhattan.

Persons: Letitia James, Monica Connell, “, Wayne LaPierre, Ms, Connell Organizations: New York State, National Rifle Association, New Locations: Manhattan

☆ Voyager Ventures backs climate tech startups. It just raised its second $100 million fund.
▼ + stars: | 2024-02-07 | by ( Tasmin Lockwood | ) www.businessinsider.com time to read: +4 min

Read previewClimate tech VC firm Voyager Ventures has raised another fund hot on the heels of its first, bringing its assets under management to $200 million. The new fund can invest alongside or after Voyager Fund I and independently where it has developed competitive access. AdvertisementThe fund hit final close in May 2023, which was previously undisclosed, just 15 months after closing its first fund. It is also eyeing the second edition of the earlier-stage Voyager Fund, which Peterson and Sclarsic will start raising this year. Voyager Ventures currently has 19 portfolio companies across the two funds.

Persons: —, Sierra Peterson, Sarah Sclarsic, Peterson, Sclarsic Organizations: Service, Voyager Ventures, Business, Voyager, Northwestern University, Novo Holdings Locations: San Francisco and New York, North America, Europe

☆ EU Diplomat Says Defunding U.N. Palestinian Agency Would Be Dangerous
▼ + stars: | 2024-02-04 | by ( Feb. | At P.M. | ) www.usnews.com time to read: +2 min

A string of countries, including the United States, Britain and Italy, have paused funding to the aid agency, which has opened an investigation into several of its thousands of employees and severed ties with those people. "Defunding UNRWA would be both disproportionate and dangerous," EU foreign policy chief Josep Borrell wrote in a blog post. Borrell said neither the European Commission, nor the EU's two biggest economies, Germany or France, had decided to end their contributions. In 2022, the EU was the third biggest donor to UNRWA, after the United States and Germany. "The lives of hundreds of thousands of Palestinians, not only in Gaza, are at stake," Borrell said.

Persons: Kate Abnett BRUSSELS, Josep Borrell, Borrell, Kate Abnett, Andrew Gray, Sharon Singleton Organizations: UNRWA, European Commission, West Bank, UN Locations: Israel, United States, Britain, Italy, Gaza, EU, Germany, France

☆ The Fed faces a big challenge in cutting interest rates with the economy roaring, Nobel laureate Paul Krugman says
▼ + stars: | 2024-02-02 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

The US economy is in a better-than-Goldilocks state, economist Paul Krugman wrote for The New York Times. "We have an economy that is both piping hot (in terms of growth and job creation) and refreshingly cool (in terms of inflation)." It places the Fed in a tough position, as it has reasons to cut or keep interest rates steady. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Fundstrat's Tom Lee remains confident of a March turnaround, citing that Powell generally indicated a readiness to start slashing rates.

Persons: Paul Krugman, —, Krugman, Powell, Wednesday's, Bankrate's Mark Hamrick, Fundstrat's Tom Lee Organizations: The New York Times, Service, Federal Reserve, Fed

The Davos consensus on the presidential electionPublicly, the global business leaders who gathered at the World Economic Forum in Davos, Switzerland, haven’t wanted to predict the winner of the upcoming U.S. presidential election. In an interview with Andrew on CNBC, he didn’t predict that Trump would win, but suggested that dismissing the former president and his supporters would be a mistake. “He wasn’t wrong about some of these critical issues, and that’s why they’re voting for him,” he said. “Trump is already the president at Davos — which is a good thing because the Davos consensus is usually wrong,” Alex Soros, the son of George Soros, said on a panel. A little history: The Davos consensus was that Hillary Clinton would beat Trump in 2016.

Persons: haven’t, Donald Trump, DealBook, Trump, Jamie Dimon, JPMorgan Chase, Andrew, “, ” Dimon, ”, MAGA, bode, “ Trump, ” Alex Soros, George Soros, Hillary Clinton, Sting, Biden, It’s, Reddit, Macy’s, Tony Spring, Warren Buffett, Morningstar Organizations: Economic, JPMorgan, CNBC, Trump, NATO, Biden, Trump’s Republican, Davos, Apple Watch, Reuters, Investors Locations: Davos, Switzerland, U.S, China, American, Indonesia, E.S.G

☆ Investors Pull Billions From Sustainable Funds Amid Political Heat
▼ + stars: | 2024-01-19 | by ( Bernhard Warner | More About Bernhard Warner | ) www.nytimes.com time to read: +1 min

The investing strategy has become increasingly politicized after being used by companies to address E.S.G. Investors pulled $5 billion out of E.S.G.-focused “sustainable” investment funds last quarter, according to a new report by Morningstar. The withdrawals came amid a wider market rally at the end of 2023. For the full year, $13 billion was pulled from E.S.G. All in all, it was the “worst calendar year on record,” wrote Alyssa Stankiewicz, Morningstar’s director of sustainability research.

Persons: Morningstar, ”, Alyssa Stankiewicz Organizations: Economic, Investors Locations: Davos, Switzerland, E.S.G

☆ North Korean Hackers, Criminals Share Money Laundering Networks in Southeast Asia - UN
▼ + stars: | 2024-01-15 | by ( Jan. | At A.M. | ) www.usnews.com time to read: +2 min

By Tom WilsonLONDON (Reuters) - North Korean hackers are sharing money-laundering and underground banking networks with fraudsters and drug traffickers in Southeast Asia, according to a United Nations report published on Monday, with casinos and crypto exchanges emerging as key venues for organised crime. Funds stolen by North Korean hackers are a key source of funding for Pyongyang and its weapons programmes. The junket sector has been infiltrated by organised crime for "industrial-scale money laundering and underground banking operations," with links to drug trafficking and cyberfraud, the report said. The proliferation of casinos and crypto have "supercharged" organised crime groups in Southeast Asia, UNODC Regional Representative for Southeast Asia and the Pacific Jeremy Douglas told Reuters. "It's no surprise sophisticated threat actors would look to leverage the same underground banking systems and service providers," he said.

Persons: Tom Wilson LONDON, Lazarus, Pacific Jeremy Douglas, Tom Wilson, Tommy Reggiori Wilkes, Angus MacSwan Organizations: United, United Nations Office, Drugs, Korea's, United Nations, North, Casinos, Bangladesh's Central Bank, Lazarus, UNODC Regional Representative, Southeast, Pacific, Reuters Locations: Southeast Asia, United Nations, Myanmar, Thailand, Laos, Cambodia, North, Geneva, United States, Pyongyang, Philippines

☆ Corporate bond yields are off highs, but are still attractive. Here's what experts say to look for in 2024
▼ + stars: | 2023-12-29 | by ( Michelle Fox | ) www.cnbc.com time to read: +5 min

While corporate bond yields have moved down off their highs, investors will still be able to snap up some juicy income next year, experts believe. USIG YTD mountain The iShares Broad USD Investment Grade Corporate Bond ETF tracks the ICE BofA U.S. Corporate Index. However, for income investors not just focusing on the next 12 months, investment-grade corporate bonds look very attractive, he said. WINC YTD mountain Western Asset Short Duration Inc ETF In fact, he thinks 2024 will provide a unique opportunity for corporate bond investors. He also doesn't think corporate bonds are particularly attractive on a total return performance thanks to their recent run higher.

Persons: Goldman, Lindsay Rosner, Collin Martin, Charles Schwab, Martin, Martin doesn't, Fitch, Kurt Halvorson, Halvorson, you'll, Michael Kessler, Kessler, Schwab's Martin Organizations: Federal Reserve, ICE, Corporate, . Investment, Goldman, CNBC, Western Asset, Albion Financial, Investors Locations: Goldman Sachs

Money managers through Nov. 28 extended their K.C. wheat net short to near 50,000 futures and options contracts, their largest since May 2019 and among their biggest-ever shorts. Grain futures sank in the week ended Nov. 28, including a 3.2% decline in CBOT March corn and a 1.8% slide in March wheat . CBOT March wheat found contract lows on Nov. 27 but touched three-week highs by Friday, presumably motivated by short covering. Funds in that week cut their net long in CBOT soybean futures and options to 67,562 contracts from 81,587 a week earlier.

Persons: Dane Rhys, Corn, Karen Braun, Chris Reese Organizations: REUTERS, Rights, Reuters, Thomson Locations: Deerfield , Ohio, U.S, Rights NAPERVILLE , Illinois, Chicago, Kansas City, Minneapolis, Brazil

The documents showed that the government also labeled as part of its climate change efforts items as disparate as Navy security operations and distributing fortified milk among the rural poor. Of this, Pemex spent 5.6 billion pesos on climate change and 1.3 billion pesos on the energy transition in the same period, the public accounts show. "Mexico started really strong," said Maria Jose de Villafranca, the lead researcher for Mexico at Climate Action Tracker. The government did not make officials available to discuss its climate change plans. Mexico has not released information about its strategy, which has been criticized by climate change experts as non-compliant with the Paris Agreement.

Persons: Gustavo Graf, Andres Manuel Lopez Obrador, Lopez Obrador, Lopez Obrador's, Pemex, Victor Gomez, Gomez, Maria Jose de Villafranca, There's, Jason DeVito, Stefanie Eschenbacher, Simon Jessop, Dave Graham, Claudia Parsons Organizations: REUTERS, MEXICO CITY, Reuters, United, CFE, United Nations, Navy, Federated Hermes, Thomson Locations: El Bosque, Mexico, MEXICO, DUBAI, United States, Paris, United Nations, Dubai, CFE, Mexico City

☆ Rate cuts are likely coming next year, but investors shouldn't bank on them saving the market
▼ + stars: | 2023-11-27 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +8 min

download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . In today's big story, we're looking at why the rate cuts investors have been praying for might not be the godsend they imagined. But rate cuts won't necessarily be the win markets are hoping for, Business Insider's Jennifer Sor writes. Still, some interest rate traders are predicting rate cuts coming as soon as this March, according to CME's FedWatch Tool. Another key piece of the economy facing headwinds complicates the case for rate cuts being a boon for investors.

Persons: —, I've, we're, Patrick Semansky, Jennifer Sor, CME's, Jennifer, Insider's Dominick Reuter, Miles Goodloe, Domenic, Robert Oszust Jr, Domenic Boresta, Alice Brooks, Jennifer Campbell, Sean Jacobsohn, he's, Jacobsohn, Chelsea Jia Feng, They're, it's, Gen, Bradley Cooper, Ben Affleck, Greta Gerwig, Bill, Bill —, Bill Nye, Science Guy, Manolo Blahnik, Jimi Hendrix, Steve Bannon, Bruce Lee, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, Tech, Business, Federal Reserve, Fed, UBS, Big Tech, Retail, Walmart, Target, Financial Times, Echo, Khosla Ventures, Science Locations: Washington, Miles, Chelsea, New York City, San Diego, London, New York

☆ US equity funds draw heavy inflows on expectations for Fed pause
▼ + stars: | 2023-11-17 | by ( ) www.reuters.com time to read: +2 min

LSEG data shows that U.S. equity funds attracted about $9.33 billion in net inflows during the week, marking the largest weekly net purchase since Sept. 13. Reuters Graphics Reuters GraphicsLarge-cap U.S. funds led the charge, securing $8.54 billion in net inflows, the highest in two months. Small- and multi-cap funds also saw substantial inflows, garnering $1.23 billion and $1.01 billion, respectively. High-yield funds, riding on improved risk sentiment, garnered $4.5 billion, following a robust $6.3 billion net purchase in the prior week. Conversely, U.S. short/intermediate government and treasury funds, along with general domestic taxable fixed income funds, saw withdrawals of $1.13 billion and $897 million, respectively.

Persons: Brendan McDermid, Gaurav Dogra, Patturaja, Susan Fenton Organizations: New York Stock Exchange, REUTERS, Federal, Reuters Graphics Reuters, Technology, Reuters Graphics Reuters Graphics, Thomson Locations: New York City, U.S, Bengaluru

☆ Congress just found the dumbest way to avoid a government shutdown
▼ + stars: | 2023-11-14 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +5 min

Congress now appears likely to avoid a government shutdown this week. The White House even weighed in over the weekend before House Democrats started to warm up to Johnson's plan. Republican Sen. Ted Cruz of Texas didn't stop Obamacare. And Republican Sen. Rand Paul's colleagues tore into him after he forced a brief shutdown in 2018. As I was writing this story about how Johnson's plan is the dumbest thing Congress has done, Sen. Bernie Sanders had to stop one of his colleagues from throwing down with a union boss.

Persons: —, America's, Mike Johnson, Democratic Sen, Patty Murray, Sen, Susan Collins of, Collins, Chris Murphy, It's, Joe Biden, Kevin McCarthy's, Mick Mulvaney, Obama, Republican Sen, Ted Cruz, Obamacare, Donald Trump didn't, Rand Paul's, Bernie Sanders, Kevin McCarthy Organizations: Service, Government, Pentagon, State, Justice, Human Services, House Democrats, Democratic, Senate, Republican, Connecticut Democrat, White House, GOP, Politico, Trump Locations: Washington, Susan Collins of Maine, Punchbowl, Connecticut, Ted Cruz of Texas

☆ Closed-end funds can generate income – and they’re cheap. Here’s how they might fit in your portfolio
▼ + stars: | 2023-11-09 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +4 min

Closed-end funds offer a fixed number of shares, but they also trade publicly on exchanges. Right now, a confluence of events is resulting in some sharp discounts for closed-end funds, especially for those that hold bonds. Investors in closed-end funds have shed some of those holdings and that's resulting in sharper discounts to net asset value. Closed-end fund plays Financial advisors have called out closed-end funds holding municipal bonds as a way to add duration on the cheap. Closed-end funds offer other ways to pick up income: Paul Winter, CFP and portfolio manager at Five Seasons Financial Planning, likes funds that use buy-write strategies.

Persons: Dave Lamb, Lamb, Jeffrey Gundlach, Robert Finley, Paul Winter, BOE, Nuveen's Lamb Organizations: Treasury, Western Asset, Muni Fund, Asset Management, Five, Virtus, Strategy, BlackRock Locations: New York, York

☆ I'm a recruiter at Meta. These are the top perks that win tech workers over — and the one they don't seem to care about.
▼ + stars: | 2023-11-09 | by ( Ananya Vahal | ) www.businessinsider.com time to read: +8 min

This as-told-to essay is based on a conversation with Glaze Martillano, a tech recruiter at Meta who lives in Toronto, about the benefits Meta employees are offered. VacationsWhen joining a big tech company, most candidates have high expectations when it comes to healthcare, competitive equity packages, vacations, and bonuses. Most importantly, they get to work on different projects with Meta employees based on their personal interests and skills. Companies talk about the importance of mental-health care, but there's still a stigma attached to getting help, so employees often don't take advantage of it. Forty percent of employers say they believe workers leave their jobs to work at companies that offer better benefits and perks.

Persons: Glaze, Martillano, —, It's, Meta, I've, we've, We've, it's, they'd, there's Organizations: Meta, Talent, Service, Facebook, Tech Locations: Toronto, Canada, United States, Menlo Park , California

☆ Europe's ESG funds suffer more outflows - Morningstar
▼ + stars: | 2023-10-25 | by ( ) www.reuters.com time to read: +2 min

Investors pulled 20.5 billion euros ($21.7 billion) from funds in the European Union's lower sustainability classification, while net inflows into the higher classification were their lowest since early 2021, the Morningstar report said. U.S sustainability funds are also struggling. Morningstar data on Tuesday showed managers closing funds faster than they opened new ones in the third quarter. Investors exited U.S. funds in general in the period but sustainable funds fared worse, registering their fourth consecutive quarter of outflows. In Europe, ESG funds launches totalled 126 in the third quarter, down 31% from the second quarter, Morningstar said.

Persons: Morningstar, Tommy Reggiori Wilkes, David Evans Organizations: Investors, Investment, Sustainable, Morningstar, Thomson Locations: outflows, Europe, U.S

The current exemption limit is $12.92 million for estates of individuals and $25.84 million for the combined estates of married couples. About 0.1 to 0.2% of estates of people who died in recent years have been subject to federal tax. A common strategy is to trim your estate's value before Dec. 31, 2025, and then keep it below the exemption limit, if feasible, or as low as possible to minimize tax exposure. This would assure substantial resources for their grandkids' educations while reducing the couple's combined estate by $1.7 million. While getting organized to reduce your estate's value by making gifts, it's a good idea to get updated real estate appraisals.

Persons: it's

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