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An economic recession can impact retirement savings for current and future retirees in the US. Start savings for your future with the best retirement plans>>How does a recession affect a retired person? 4 ways to protect your retirement savings in a recessionYou can take preventive measures to protect your 401(k) or IRA savings from a recession. On the other hand, current retirees actively withdrawing from their retirement savings should consider getting a part-time job for a while. However, it's generally better to leave your retirement savings alone as much as possible while in a recession.

Persons: Teresa Bailey, Samantha Gorelick, there's, it's, Tessa Campbell, Read Organizations: Waddell & Associates, CFP, Finance

☆ The Japanese government is starting to 'really invest' in EV charging: Mercedes-Benz Japan CEO
▼ + stars: | 2023-10-25 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Japanese government is starting to 'really invest' in EV charging: Mercedes-Benz Japan CEOKintaro Ueno, president and CEO of Mercedes-Benz Japan, discusses the market for electric vehicles in the country.

Persons: Kintaro Ueno Organizations: EV, Benz, Mercedes Locations: Benz Japan

Single women face unique challenges when planning for retirement, so I asked an expert for help. Plus, women are often put in a caregiving role, which means time off from work — and not contributing regularly to retirement funds. So how can single women like me juggle with inflation, a higher cost of living, dwindling income, and the gender wage gap to be on track for retirement? I asked Marie Thomasson, a certified financial planner and founder of Modern Assets, an LA-based financial advisory firm for independent, progressive women, for tips on how single women can steer the course and make sure they're on track with their goals for retirement planning. Reassess your retirement accountsOnce you have your financial bases covered, you can venture into investing and retirement planning, says Thomasson.

Persons: Marie Thomasson, —, I've, Thomasson, hadn't, doesn't, aren't, Amanda Holden's, Simran Kaur's, Erin Lowry's, Tonya Rapley's, Tiffany, We're Organizations: Service, Modern Assets, Research, Pew Locations: LA, YOLO

WASHINGTON (AP) — President Joe Biden postponed a trip to Colorado on Monday to stay in Washington and focus on the growing conflict in the Middle East. Biden had been heading to the Colorado district of Rep. Lauren Boebert, where he was to visit CS Wind, the world's largest facility for wind tower manufacturing. The White House said just a few hours before Biden was set to take off for the trip that it would be rescheduled. Instead, Biden is expected to hold a series of high-level meetings with aides on Israel and the growing humanitarian concerns in Gaza. The president and other top administration officials have been traveling the country to promote their Investing in America agenda.

Persons: Joe Biden, Biden, Lauren Boebert, Boebert, Kevin McCarthy of, Jim Jordan of, Donald Trump, McCarthy, ” Organizations: WASHINGTON, Rep, CS, Democratic, CS Wind, Congressional, House Republicans, Associated Press, NORC, for Public Affairs Research Locations: Colorado, Washington, Israel, Gaza, U.S, Ukraine, Pueblo, Pennsylvania, Kevin McCarthy of California, Jim Jordan of Ohio, Philadelphia, America

☆ How to Invest in Mutual Funds
▼ + stars: | 2023-10-11 | by ( Mallika Mitra | ) www.wsj.com time to read: +20 min

Mutual funds are relatively cheap and simple to invest in, thanks to the many trading apps and online brokerages available nowadays. To get started, read on for our 10-step guide on how to invest in mutual funds. Once you open an account, you can invest in a wide range of securities, like stocks, bonds and mutual funds. Buy mutual fund sharesNow that you’ve solidified your strategy and done your research, you are almost ready to buy mutual funds. How to buy mutual fund sharesSome mutual funds require an investment minimum, often between $500 and $3,000, but not all do.

Persons: Mallika Mitra, Tricia Rosen, ”, Rosen, “, Ameritrade, Roth, Roth IRAs, Uncle Sam, you’ve, Randy Bruns, it’s, Morningstar, Russell, hasn’t, Amy Arnott, John Bogle, Morningstar’s Arnott, pitfall Arnott, You’ll, you’ll, Don’t, Sam, haven’t Organizations: Mutual, Fidelity, Vanguard, Morningstar, SEC, Apple, Fidelity Investments Fidelity, Target, Walmart, Funds, Capital Group, Capital Group’s, The Securities, Exchange Commission, Social, Consumer, Morgan, Capital Locations: Andover, Mass, Naperville , Illinois, U.S

☆ With Social Security trust funds 'rapidly heading to zero,' some ask whether the money should be invested in equities
▼ + stars: | 2023-10-05 | by ( Lorie Konish | ) www.cnbc.com time to read: +1 min

The trust funds that Social Security relies on to pay benefits are "rapidly heading to zero," according to the Center for Retirement Research at Boston College. Those funds, which are typically invested in Treasury securities, are projected to run out in 2034, at which point just 80% of benefits may be payable. As that date draws closer, that has prompted more discussion as to whether that money should also be invested in stocks. "Theoretically, yes," said Anqi Chen, senior research economist and assistant director of savings research at the Center for Retirement Research, which recently published research addressing the question. More from Personal Finance:Here's what happens to Social Security benefits after you dieAs student loan bills resume, how economy may be shakenHow Congress may fix looming Social Security benefit shortfallBut the real-world answer is not necessarily clear-cut, Chen and other experts say.

Persons: Anqi Chen, Chen, Peter G Organizations: Social, Center for Retirement Research, Boston College, Finance, Social Security, Security, Peterson Foundation Locations: New York

☆ Eli Lilly is on a buying spree. Here’s what it means for investors like us
▼ + stars: | 2023-10-05 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +9 min

Still, he said it's "healthy" for a company like Eli Lilly — valued over $500 billion, as of Thursday — to be executing smaller deals. "They can still put their mark on an asset or a constellation of drugs," said Seigerman, who has a buy rating and $633-per-share price target on Eli Lilly stock. LLY 1Y mountain Eli Lilly's stock performance over the past 12 months. Details on the deals The three companies Eli Lilly bought this summer have drugs in various stages of the clinical development process. In the near term, though, they may result in a noisy third-quarter earnings report as Eli Lilly records the acquisitions.

Persons: Eli Lilly, Mounjaro, Jim Cramer, Eli Lilly's, Lilly, –, Verzenio, Evan Seigerman, Eli Lilly —, Seigerman, Lilly's, Dice, Versanis, Sigilon, that's, BMO's Seigerman, Eli, we'd, Jim Cramer's, Jim, Daniel Acker Organizations: Indianapolis, U.S . Food, Drug Administration, BMO Capital, Immunology, Therapeutics, Siligon Therapeutics, Oncology, Club, Department of Health, Human Services, Dice Therapeutics, Alzheimer's, Treasury, CNBC, Bloomberg, Getty

☆ These 'Shark Tank' founders 'desperately' needed a rebrand—they still snagged a $500K deal with Mark Cuban
▼ + stars: | 2023-10-02 | by ( Ashton Jackson | ) www.cnbc.com time to read: +4 min

The company, called Gatsby Chocolate, appeared on Friday's season premiere of ABC's "Shark Tank." The appeal for Gatsby Chocolate was evident — lots of people have a sweet tooth, and a candy bar with less calories but "no compromise on taste" sounds like a no-brainer. But for Lori Greiner and guest shark Candace Nelson, founder of Sprinkles Cupcakes, it just didn't fit. While Lori entertained that notion, for a 25% stake, Cuban balked: "My brand is too big to be the face of the brand," the billionaire said. "Specifically, we're actively looking into 'Gatsby Chocolate: The good for you bar,' after discussing with Mark and Lori, so be on the lookout!"

Persons: Mark Cuban, Doug, Ryan Bouton, Ryan, Gatsby, Lori Greiner, Candace Nelson, Sprinkles, Greiner, Nelson, Kevin O'Leary, O'Leary, Daymond John, Z, Lori, they'd, Cuban, Ryan couldn't, We're, Mark, we're Organizations: Walmart Safeway, Cuban, CNBC

Now that I'm stepping away from an employer-sponsored retirement plan, I need to save for my future on my own. Anjali Jariwala, the founder of financial planning firm FIT Advisors, says the most important aspect of planning contributions is setting good financial habits. Consider an IRANow that I'll be saving for retirement without the help of my employer, I'll want to consider an IRA. Consider a solo 401(k)I can also consider a solo 401(k), which provides similar benefits to an employer 401(k). And you can open up multiple retirement accounts, but keep track of your contributions and limits.

Persons: I've, it's, —, Anna Sergunina, Sergunina, Anjali Jariwala, Jariwala, Roth, Tricia Rosen, Robinhood, Rosen, Wealthfront, Read Organizations: Roth IRA

☆ A 30 year old who built up a net worth of more than $1 million and quit his day job says he primarily invests in 2 types of funds — and explains why he diversifies with real estate instead of bonds
▼ + stars: | 2023-09-27 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +9 min

He quit his day job in March 2022 to build his personal finance brand, Defining Wealth, and coaching business full-time. The 30 year old shared his investment strategy, including the types of funds he invests in and why he prefers buy-and-hold real estate. Most of his stock-market money is invested in two types of funds, he told Insider: a broad US fund and a broad international fund. He started investing in real estate in 2018 in Orlando, Florida, where he lived at the time. What Wright likes about investing in real estate is that "you're buying an asset that's producing income," he said.

Persons: Tyler Wright, I'd, Wright, I've, Tyler Wright Wright, I'm, he'd Organizations: University of Central, Vanguard, Fidelity, Index Fund, Facebook, Google, Apple Locations: University of Central Florida, cryptocurrency, Nashville, Orlando , Florida, Orlando, Tennessee

☆ JPMorgan will pay $75 million to settle US Virgin Islands Jeffrey Epstein sex-trafficking claims
▼ + stars: | 2023-09-26 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +6 min

JPMorgan is paying $75 million to settle a lawsuit from the US Virgin Islands over links with Jeffrey Epstein. JPMorgan is still pointing fingers at the US Virgin Islands, saying the funds will be used to shore up its law enforcement. AdvertisementAdvertisementJPMorgan Chase has agreed to pay $75 million to settle a civil lawsuit from the US Virgin Islands over claims that it facilitated Jeffrey Epstein's sex trafficking operation. The funds come on top of the $290 million JPMorgan Chase has already agreed to settle a separate class-action lawsuit brought by Epstein victims, to fund a compensation program. Epstein owned two islands in the US Virgin Islands, which were sold by his estate earlier this year to billionaire Stephen Deckoff for $60 million.

Persons: Jeffrey Epstein, Jes Staley, —, Chase, Jeffrey Epstein's, Motley, JPMorgan Chase, Epstein, Staley, Stephen Deckoff, Denise George, Ariel M, Smith, Patricia Wexler, Wexler, Ghislaine Maxwell Organizations: JPMorgan, US Virgin Islands, Service, US, Islands, Motley Rice LLC, Barclays, Virgin, Virgin Islands, Department, Justice, Deutsche Bank Locations: Virgin, Manhattan

☆ Sen. Bob Menendez is facing charges yet again — this time in the most cartoonish corruption scandal you can imagine
▼ + stars: | 2023-09-22 | by ( Rebecca Cohen | Brent D. Griffiths | ) www.businessinsider.com time to read: +3 min

Federal prosecutors are charging Sen. Robert Menendez in a bribery and corruption scandal. Menendez allegedly helped a trio of businessmen and Egypt in exchange for — among other things — gold bars. Menendez previously faced corruption charges in 2017, but the case was dropped. The indictment alleges that Menendez "provided sensitive US government information and took other steps that secretly aided the Government of Egypt." In exchange, prosecutors allege that Wael "Will" Hana, who helped run the company, provided Menendez's wife, Nadine Menendez, a "low-or-no-show job."

Persons: Sen, Robert Menendez, Menendez, Jersey Sen, Wael, Will, Hana, Nadine Menendez, Trump, SDNY, It's Organizations: Service, US, Office, of, Foreign Relations, EG, Inc, Prosecutors, Benz, Department of Agriculture, District of Locations: Egypt, Wall, Silicon, Jersey, Southern, of New York, New Jersey, District of New Jersey

☆ US SEC poised to ban deceptive ESG, 'growth' fund labels
▼ + stars: | 2023-09-20 | by ( ) www.reuters.com time to read: +3 min

The seal of the U.S. Securities and Exchange Commission (SEC) is seen at their headquarters in Washington, D.C., U.S., May 12, 2021. The vote by the U.S. Securities and Exchange Commission would update a two-decade-old "Names Rule" requiring that investment fund names match the assets they contain. The SEC since 2021 has also focused on prosecuting ESG-related misconduct and "greenwashing," bringing enforcement actions and levying fines. The 80% investment requirement currently applies to other fund characteristics such as risk. As a result of the change, 76% of investment funds would be subject to the "Names Rule" up from the current 60%, SEC officials said prior to the vote.

Persons: Andrew Kelly, William Birdthistle, Douglas Gillison, Sonali Paul Organizations: U.S . Securities, Exchange Commission, Washington , D.C, REUTERS, Rights, Exchange, SEC's Division of Investment Management, SEC, Trade, Thomson Locations: Washington ,, SEC's

CNN —Attorney General Merrick Garland forcefully rebuked congressional Republicans who have accused the Justice Department of political bias as he opened a contentious House Judiciary Committee hearing in Washington on Wednesday. Even with the face-saving indictment last week of Hunter Biden, everyone knows the fix is in,” House Judiciary Chairman Jim Jordan said in his opening statement. The House Judiciary Committee has also been probing allegations from an IRS whistleblower that the Justice Department investigation into Hunter Biden was politically tainted. “House Republicans will use their time today to talk about long-discredited conspiracy theories and Hunter Biden’s laptop. Several House Republicans – including McCarthy – have floated an impeachment of the attorney general, although those calls have quieted down as House Republicans have turned their impeachment lens on President Joe Biden himself.

Persons: General Merrick Garland, “, ” Garland, ”, Donald Trump, Joe Biden’s, Hunter Biden, Jack Smith’s, Jim Jordan, Garland, –, Kevin McCarthy, Hunter, Trump, Jerry Nadler, ” Nadler, Jordan, Hunter Biden’s, he’s, David Weiss, Gary Shapley, Weiss, McCarthy, Joe Biden Organizations: CNN, Justice Department, Department, Republicans, Trump, US, IRS, Capitol, FBI, DOJ Locations: Washington, politicization, ”, York, Jordan

☆ I'm a virtual assistant who left my legal career because I needed more flexibility at work. Here's how I got started and outsource to other VAs.
▼ + stars: | 2023-09-18 | by ( Ella Hopkins | ) www.businessinsider.com time to read: +5 min

I quit my job and started a VA courseI took the plunge and left my job. In my legal job, I'd worked with a VA. I found clients through VA networksI joined lots of different Facebook groups, freelancer groups, and networking groups to build my network. If there were aspects of client work that I didn't like doing, or it wasn't my forte, then I would delegate. I time block my whole week and I use Asana, a project-management tool, to keep a record of my client work.

Persons: Laura Leach, I'd, We'd, I'm, That's, I've Organizations: HR Locations: Yorkshire, England, VAs, Harrogate

☆ Behind Warren Buffett's $100 billion-plus bet on Apple and the iPhone
▼ + stars: | 2023-09-17 | by ( Yun Li | ) www.cnbc.com time to read: +4 min

The new iPhone 15 is about to hit the stores, and Apple CEO Tim Cook might have already sent one to his most important investor — Warren Buffett. He bought Apple shares after realizing how devoted people are to its phones, and its unique ability to keep consumers spending within the Apple ecosystem. His return has been well over $100 billion on paper, making Apple Buffett's best investment over the past decade. "Our railroad is a very good business, but it's not remotely as good as Apple's business," Buffett said at the Berkshire shareholder meeting in May . The billionaire investor has called Apple Berkshire's "third-largest business," after its insurance and railroad holdings.

Persons: Tim Cook, — Warren Buffett, Buffett, Ted Weschler, Todd Combs, Ben Graham, Cook, buybacks Buffett, repurchases, Apple's Organizations: Apple, Oracle, New, Wall, CNBC Locations: Berkshire, Omaha

☆ These are the 11 sectors that comprise the S&P 500 — and the stocks we own in each
▼ + stars: | 2023-09-17 | by ( Paulina Likos | ) www.cnbc.com time to read: +28 min

.GSPF YTD mountain S & P 500 Financials Sector YTD performance Club stocks in the Financials sector: Morgan Stanley ( MS): The bank's services include investment banking, wealth management and investment management. Communication Services Sector market weight: 8.85% Market cap: $3.3 trillion YTD performance: up 44.5% Industries: Diversified telecommunication services; entertainment; interactive media & services; media; wireless telecommunication services. .GSPTS YTD mountain S & P 500 Communication Services Sector YTD performance Club stocks in the Communication Services sector: Walt Disney (DIS): The entertainment giant reported another mixed quarter last month, even against low expectations. Real estate Sector market weight: 2.44% Market cap: $909 billion YTD performance: up 0.9% Industries: Equity real estate investment trusts; real estate management & development. .SPLRCR YTD mountain S & P 500 Real Estate Sector YTD performance While we don't own any real estate stocks, investors have historically invested in the sector for its reliable cash flow from income-generating properties.

Persons: Jim Cramer's, Jim, Salesforce, reenergized, Marc Benioff, Wolfe, Palo, Eli Lilly, Cantor Fitzgerald, Bausch, bioprocessing, Morgan Stanley, Morgan Stanley's, Eaton Vance, Wells Fargo, Wells, TJX, Wynn, Locker, We've, Mary Dillon, Walt Disney, Bob Iger's, Emerson, Davidson, Vimal Kapur, Stanley Black, Decker, Estee Lauder, Gillette —, Elliott, Coterra, Linde, Jim Cramer, Mandel Ngan Organizations: Jim Cramer's Charitable Trust, CNBC, Club, Technology Sector, Industries, Communications, Technology, Information Technology, Apple, Wedbush Securities, Microsoft, UBS, Deutsche Bank, Nvidia, Broadcom, VMware, Palo Alto Networks, Wolfe Research, Palo Alto, Oracle, Mizuho, Amazon Web Services, Google, Health Care, Biotechnology, Health, Bausch Health, Leerink Partners, GE Healthcare Technologies, General Electric, GE, Financials, Bank of America, United Auto Workers, Detroit, Ford, Starbucks, TJX, Marshalls, Wynn Resorts, WYNN, Communication Services, Communication, Hollywood, Charter Communications, Disney, JMP Securities, Facebook, Industrials, Aerospace, Emerson, Caterpillar, Honeywell, Consumer Staples Sector, Consumer, Consumer Staples, Costco Wholesale, Procter & Gamble, Gillette, Constellation Brands, Corona, Modelo, Pacifico, Elliott Management, Energy Sector, Energy, Coterra Energy, Natural Resources, West Texas, Utilities Sector, Electric, Companies, Sempra Energy, Materials, Chemicals, Linde, LIN, DuPont, Sector, Equity, Real, Jim Cramer's Charitable, New York Stock Exchange, AFP, Getty Locations: U.S, FactSet, bioprocessing, Wells Fargo, China, Maxx, Macao, Asia, Pacifico —, California, Texas

☆ Criteo sees a $42 billion opportunity from retail media, but must solve a challenge that could cut those revenues by 20%
▼ + stars: | 2023-09-12 | by ( Ryan Joe | ) www.businessinsider.com time to read: +2 min

Criteo is eyeing a $42 billion slice of the retail media market. A glut of retail media networks could reduce that $42 billion retail media opportunity by 20%. Criteo said that this type of "fragmentation" could cause retail media revenues to drop 20%. He said brands will often buy across three or four individual retail media networks, which means smaller retail media networks can struggle to attract advertising dollars. The Trade Desk's CEO Jeff Green has previously announced his ambition to control "most" of the retail media market and it has aggressively sought partnerships to prove that retail ads drive sales, to inspire more advertisers to buy retail media.

Persons: Criteo, Let's, Brian Gleason, Megan Clarken, You've, Andrew Lipsman, Lipsman, Jeff Green Organizations: Boston Consulting, Amazon, New York City, Intelligence, Trade Locations: China —, New York

☆ Startup investors are fueling a boom in U.S. defense tech as China standoff opens doors at home
▼ + stars: | 2023-09-07 | by ( Lauren Feiner | ) www.cnbc.com time to read: +11 min

Louie added that he doesn't "know of a single major fund out there that isn't thinking about disruptive tech investing in the U.S., investing in defense tech, investing in microelectronics and AI in the next generation and next iteration." Stephen McCarthy | Sportsfile | Getty ImagesVC funding in aerospace and defense tech has shot up in recent years, according to data compiled by PitchBook for CNBC. The poster child for U.S.-focused defense tech is Anduril Industries, co-founded in 2017 by Oculus Rift designer Palmer Luckey. They can just look at the untapped potential in defense tech. "The government's becoming a better customer," said Shah, who previously served as managing partner of the Defense Department's Defense Innovation Unit, which seeks to accelerate the use of emerging technologies.

Persons: Hadrian, Chris Power Hadrian, Joe Biden, Gilman Louie, Alsop, Louie Partners, He's, Louie, Biden, Lindsay Gorman, she's, Gorman, Chris Power, Power, Hadrian's, Peter Thiel's, Palmer Luckey, Stephen McCarthy, Sportsfile, Anduril, Richard Jenkins, Bilal Zuberi, Lux, Zuberi, Jenkins, Saildrone didn't, Paul Kwan, Catalyst, What's, Kwan, Kyle Harrison, Saul Loeb, Raj Shah, Josh Wolfe, There's, Shah, Wolfe Organizations: Chris Power Hadrian Automation, America's Frontier, U.S, Marshall Fund's Alliance, Securing Democracy, Lux Capital, Fund, Andutil Industries, Enercare Center, Getty, PitchBook, CNBC, Industries, Oculus, Blue Force Technologies, Oceanic, Atmospheric Administration, Navy, Coast Guard, Google, Intel, AFP, Shield, Lux, Defense Department's Defense Innovation Unit, Power, YouTube, China Locations: China, U.S, America, Torrance , California, Los Angeles, Toronto, Canada, Ukraine, New Albany , Ohio, Silicon

☆ There's no 'free lunch' with high-interest cash options, advisor says. How to plan for taxes
▼ + stars: | 2023-08-24 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +1 min

Savers are now getting higher cash yields after several interest rate hikes from the Federal Reserve. "Everyone thinks it's kind of a free lunch," said Tommy Lucas, a certified financial planner and enrolled agent at Moisand Fitzgerald Tamayo in Orlando, Florida. Falling into the regular tax brackets, ordinary income is less favorable than long-term capital gains. Similarly, taxable money market funds — which typically invest in shorter-term lower-credit-risk debt — and Treasury bills also trigger ordinary income. But Treasury bill earnings aren't subject to state or local taxes.

Persons: Crane, Tommy Lucas, Moisand Fitzgerald Tamayo, you've Organizations: Federal Reserve, Crane Data, Finance Locations: Orlando , Florida

High-yield savings accounts, with easy access to your funds, are worth considering, said Ken Tumin, founder and editor at DepositAccounts.com. While investors expect the Federal Reserve to start cutting interest rates next year, online savings account rates won't fall significantly until the policy shifts, he added. Treasury billsAmid rising interest rates, Treasury bills have also become a competitive option for cash, with yields well above 5%, as of Aug. 18. Money market fundsAnother option to consider is short-term money market funds, said certified financial planner Chris Mellone, partner at VLP Financial Advisors in Vienna, Virginia. Money market mutual funds — which are different from money market deposit accounts — typically invest in shorter-term, lower-credit-risk debt, such as Treasury bills.

Persons: Ken Tumin, They're, Chris Mellone Organizations: Istock, Getty, Federal Deposit Insurance Corporation, Federal Reserve, U.S ., Treasury, U.S . Department of, VLP Financial Locations: TreasuryDirect, Vienna , Virginia

☆ Investors can get a 5% yield with this corporate bond fund
▼ + stars: | 2023-08-15 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

There's income to be found these days in corporate bonds, and the Invesco Corporate Bond fund is one place to look. The actively managed fund invests mostly in U.S. corporate bonds, a majority of which are investment grade. That's because the fund also has a small portion of high-yield corporate debt holdings. Some 74% of the holdings are in U.S. corporate bonds, as of June 30. For example, Netflix and Occidental Petroleum had high-yield bonds that were upgraded this year, he said.

Persons: Matt Brill, Brill, ACCBX, He's, Morningstar, Thomas Murphy Organizations: SEC, North, ING Investment Management, Netflix, Occidental Petroleum Locations: North America, U.S

In New York City, debates over affordability often center on the proliferation of opulent high-rise developments. But in the boroughs, deep-pocketed investors are buying up hundreds of smaller buildings, prompting a new set of concerns in the city’s deepening housing crisis. Over the past few years, private equity firms have quietly spent hundreds of millions of dollars buying apartments in neighborhoods like Bushwick, Bedford-Stuyvesant and Williamsburg in Brooklyn and Ridgewood in Queens, property records show. Private equity firms — which typically invest money on behalf of pension funds, endowments or other large sources of wealth — focus on assets, like businesses or housing, that they can buy relatively cheaply but that have big profit potential. Their expansion into the housing market across the nation has prompted scrutiny in Congress about whether the trend is amplifying America’s affordability problems.

Locations: New York City, Bushwick, Bedford, Stuyvesant, Williamsburg, Brooklyn, Ridgewood, Queens, New York

☆ Indian private credit funds rush to fill gap left by banks
▼ + stars: | 2023-08-08 | by ( Bhakti Tambe | ) www.reuters.com time to read: +2 min

MUMBAI, Aug 8 (Reuters) - A growing number of Indian alternative investment funds are expanding their private credit business, filling a void left by banks and non-bank lenders and mirroring a pick-up in activity across Asia. Private credit funds typically invest in debt or hybrid securities of unrated and lower-rated companies. Edelweiss Alternatives has invested 359 billion rupees in private credit and is looking to launch its next real estate credit fund. Vivriti Asset aims to add 15 billion rupees to the roughly 35 billion rupees it already manages in private credit, managing director Vineet Sukumar said. Private credit funds lend to these companies at 12%-18%, splitting transactions into tranches.

Persons: Lakshmi Iyer, Vineet Sukumar, Goswami Infratech, Amit Agarwal, Ankur Jain, Bhakti Tambe, Savio D'Souza Organizations: Advisors, Investments, Vivriti, Management, Edelweiss, Thomson Locations: MUMBAI, Asia, Edelweiss

There are multiple types of index funds, including:Broad market index funds: Index funds that try to track the overall performance of an entire asset class throughout the entire stock market. Fixed-income and debt index funds: Index funds that track bond indices for low expense ratios. International index funds: Index fund that invests funds in assets outside of the US. Sector-based index funds: Index funds that invest funds in a specific sector of the market, such as technology or even certain company services. Socially responsible index funds: Similar to sector-based index funds, socially responsible index funds invest specifically in companies that focus on environmental, social, and governance (ESG) services.

Persons: Warren Buffett, It's, Julian Schubach, Louis, Ameritrade, Charles Schwab, you've, Schwab Organizations: Service, Independence, US, Rutgers, Nasdaq, Nasdaq Stock Market Dow, NYSE, New York Stock Exchange, U.S, Federal Reserve Bank of St, Market, Fidelity, Vanguard, Chevron Locations: Wall, Silicon, Chevron

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