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☆ More than 100 people rescued from overloaded sailboat before it hit sandbar in Florida Keys, Coast Guard says
▼ + stars: | 2022-11-22 | by ( Chantal Da Silva | Chantal Da Silva Is A Breaking News Editor For Nbc News Digital Based In London. | ) www.nbcnews.com time to read: +2 min

More than 100 people were rescued from an overloaded sailboat before it hit a sandbar in the Florida Keys on Monday, the U.S. Coast Guard said. A good Samaritan reported the vessel to Key West watch standers at around 5 a.m. local time, the Coast Guard’s 7th District tweeted. They encountered “6-10 ft seas, 25 mph winds to safely remove the people from the vessel,” the Coast Guard said. Initially, the Coast Guard said 22 people were rescued from the overloaded sailboat. Coast Guard Cutter Pablo Valent’s crew rescued nine people and recovered one body, while on Sunday and Monday, crews recovered five bodies, the Coast Guard's 7th District said in a news release.

☆ 5 dead, 5 missing after vessel carrying migrants from Cuba capsizes off Florida coast
▼ + stars: | 2022-11-21 | by ( Marlene Lenthang | Marlene Lenthang Is A Breaking News Reporter For Nbc News Digital. | ) www.nbcnews.com time to read: +1 min

Five people died and a search was underway Monday for five others after a homemade vessel carrying migrants from Cuba capsized near the coast of Florida over the weekend, the U.S. Coast Guard said. The search was taking place about 50 miles off Little Torch Key, an island in the lower Florida Keys. A total of 19 people were believed to be on the vessel in the “failed migration venture,” and four people reportedly drowned immediately upon capsizing Saturday, the Coast Guard’s 7th District said. Some of the rescued were wearing lifejackets, which authorities credited with saving their lives in furious 6-to-8 foot seas amid 30 mph winds. Those two unresponsive people were transferred into the care of emergency medical services and their current condition was not immediately known, the Coast Guard's 7th District said Monday.

☆ Bob Pisani: Heeding the investment wisdom of Jack Bogle starts with keeping it simple
▼ + stars: | 2022-11-18 | by ( Bob Pisani | ) www.cnbc.com time to read: +8 min

But selling the public on just buying an index fund that mimicked the S&P 500 was a tough sell. Keep costs low by owning index funds, or at least low-cost actively managed funds. He made a case for owning a single balanced fund (65/35 stocks/bonds) and said it could capture 97% of total market returns. Having too many funds (Bogle believed no more than four or five were necessary) would result in over-diversification. The total portfolio would come to resemble an index fund, but would likely incur higher costs.

☆ Vanguard launches Australian pension fund in bid for $2 trillion savings pool
▼ + stars: | 2022-11-10 | by ( ) www.reuters.com time to read: +2 min

SYDNEY, Nov 11 (Reuters) - The world's second-largest fund manager Vanguard launched a pension fund in Australia on Friday, the first new fund licence approved in six years as it bets a reputation for low fees will help break into the country's trillions of retirement savings. Twenty-four years after the launch of Vanguard's first Australian fund, Vanguard Super opens with 12 products, including a default "Lifecycle" fund that gradually shifts a member's holdings into more conservative investments as they age. Fees for the default option will be the lowest in the Australian pension market for younger members and those with balances under A$50,000 ($33,080), according to analysis from accounting firm Deloitte commissioned by Vanguard. "We want to deliver members a low-cost, high-quality super fund that includes a default offer designed to move with them right through life," said Vanguard Australia Managing Director Daniel Shrimski in a statement. ($1 = 1.5115 Australian dollars)Reporting by Lewis Jackson; Editing by Stephen CoatesOur Standards: The Thomson Reuters Trust Principles.

☆ Meet the key people involved in the passing of the torch at Ray Dalio's Bridgewater Associates
▼ + stars: | 2022-11-07 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

Co-CEOs of Bridgewater Associates Nir Bar Dea and Mark Bertolini. When it comes to the world of hedge funds, there's arguably no bigger name than Ray Dalio. It's not just the fact that Dalio grew Bridgewater Associates to the $150 billion behemoth that it is today. To be sure, Bridgewater isn't the only hedge fund in the midst of a changing of the guard. The dispute between billionaire Dan Och and Sculptor Capital Management doesn't seem like it'll be cooling off anytime soon.

☆ Vanguard's head of tech details the asset manager's move to the public cloud that's already helped it cut costs by 30%
▼ + stars: | 2022-11-07 | by ( Bianca Chan | Carter Johnson | ) www.businessinsider.com time to read: +5 min

Vanguard's tech chief is ready to play the field when it comes to the public cloud. Since Vanguard's first big push into public cloud in 2019, the firm has primarily relied on Amazon Web Services for much of its cloud tools. Similarly, he referenced the potential of Google Cloud Platform's "analytics capabilities" as another potential selling point. The public cloud is one of five main pillars of Vanguard's broader modernization of its application portfolio that began around 2019. In 2021, AWS detailed how the tech giant meets with Vanguard's Cloud Business Office monthly to review costs, and in one instance reduced its serverless compute expenses by 50%.

☆ The co-manager of Vanguard's $48 billion income fund has beaten 88% of competitors this year by finding winning dividend stocks using this simple strategy
▼ + stars: | 2022-10-29 | by ( James Faris | ) www.businessinsider.com time to read: +5 min

Vanguard's Sharon Hill has overseen a fantastic performance for her $48 billion income-focused fund. She targets stocks with promising dividend growth, valuations, fundamentals, and sentiment. This market environment may be choppy, but her view is that investing in the right stocks with proven dividend growth is better than letting idle money erode under high inflation. "Dividend growth is one of the few things that has kept up with inflation as you go back and look over the decades," Hill said. "So when you go back and you look at the '70s, '80s — which is the last time you can actually find any notable inflation — what you see is dividend growth pretty much kept pace with it."

☆ The US Coast Guard's biggest ship made a rare trip to the North Pole amid warnings about Russian and Chinese moves in the Arctic
▼ + stars: | 2022-10-23 | by ( Christopher Woody | ) www.businessinsider.com time to read: +7 min

US Coast Guard icebreaker Healy made a rare trip to the North Pole at the end of September. Healy is one of only two icebreakers operated by the Coast Guard, and both of them are aging. Kenneth Boda, said in a release, calling it a "rare opportunity" and "a highlight of our Coast Guard careers." "This includes expanding the US Coast Guard icebreaker fleet to support persistent presence in the US Arctic and additional presence as needed in the European Arctic," the document adds. (The icebreaker Polar Sea, built alongside Polar Star, has been nonoperational since 2010 and is used for spare parts.)

☆ Vanguard's Paul Malloy on the state of munis: It's the best investment in fixed-income
▼ + stars: | 2022-10-21 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailVanguard's Paul Malloy on the state of munis: It's the best investment in fixed-incomePaul Malloy, Vanguard head of municipal principal investment, joins 'The Exchange' to discuss the state of municipal bonds.

☆ Americans think you need $1.7 million to retire comfortably—here's how much you need to save each month to get there by 65
▼ + stars: | 2022-10-20 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +1 min

On average, American workers think they'll need $1.7 million saved for retirement, but a little less than half believe they're likely to meet their savings goals, according to a recent Charles Schwab study. That's understandable: Financial planners typically recommend saving between 10% and 15% of your gross annual salary for retirement, which is no small feat. Workers with employer-sponsored retirement plans only contribute around 7% of their income toward their retirement fund on average, according to Vanguard's "How America Saves 2022" report. With this in mind, CNBC calculated how much you'd need to put away to save $1.7 million by 65, as well as how much you'd need to earn to accomplish this without saving more than 15% of your income. Here's how much you need to put away each month to save $1.7 million by 65.

☆ A quiet US move in the Mediterranean may help put more pressure on Russia, but not everyone in NATO is happy about it
▼ + stars: | 2022-10-17 | by ( Constantine Atlamazoglou | ) www.businessinsider.com time to read: +8 min

The US lifted its 35-year-old arms embargo on the Republic of Cyprus in September. But the US decision has rankled Turkey, which is at odds with NATO ally Greece over the island. Increased cooperationThe Cypriot Underwater Demolition Team and US Naval Special Warfare Task Unit Europe train in Cyprus in September 2021. "This is a landmark decision, reflecting the burgeoning strategic relationship between the two countries, including in the area of security," Cypriot President Nikos Anastasiades said after the announcement. Cyprus is one of many points of contention between Greece and Turkey, whose worsening relations have worried other NATO members.

☆ Indonesian murder trial puts spotlight on police impunity
▼ + stars: | 2022-10-17 | by ( ) www.reuters.com time to read: +2 min

Ferdy Sambo, a former Indonesian police general embroiled in a murder scandal, attends his trial at South Jakarta District court, in Jakarta, Indonesia, October 17, 2022. REUTERS/Ajeng Dinar UlfianaJAKARTA, Oct 17 (Reuters) - The trial of a former Indonesian police general accused of orchestrating the murder of his bodyguard started at a Jakarta court on Monday, in a case that has put a spotlight on alleged impunity and corruption in the country's police force. Police had initially said the bodyguard, 27-year-old brigadier Nopryansyah Yosua Hutabarat, was killed in a shootout with another officer at Sambo's Jakarta residence on July 8. In total, five people, including Sambo, his wife, two police officers and a driver, are facing charges of premeditated murder in relation to Hutabarat's death. Ahead of the trial, police chief Listyo Sigit Prabowo had said there had been attempts to destroy evidence in the case.

REUTERS/Dado Ruvic/IllustrationLONDON, Sept 28 (Reuters) - Borrowing costs for UK firms are soaring, with sterling corporate bond prices headed for their biggest monthly fall since the 1990s as fallout from the British government's "mini-Budget" grows. That, according to Vanguard credit portfolio manager Sarang Kulkarni, in turn helped ease conditions slightly in the investment grade bond market. Yields and bond prices move inversely. The sterling corporate bond market, much smaller and less liquid than the equivalent euro or U.S. dollar markets, is driven largely by moves in UK gilts, which have slid in value in recent days. He said that liquidity in the corporate sterling market - not great at the best of times - was looking "almost non-existent" right now.

☆ Finland says traffic on border with Russia increasing
▼ + stars: | 2022-09-22 | by ( ) www.reuters.com time to read: +1 min

Register now for FREE unlimited access to Reuters.com RegisterHELSINKI, Sept 22 (Reuters) - Traffic arriving at Finland's eastern border with Russia has "intensified" during the night, the Finnish Border Guard said early on Thursday, while adding that the situation was under control. "The number clearly has picked up," the Finnish border guard's head of international affairs Matti Pitkaniitty told Reuters. read moreWednesday's number of people crossing the border was, however, lower than during the weekend, according to Pitkaniitty. He said 4,824 Russians arrived in Finland via the eastern border on Wednesday, up from the 3,133 a week earlier. Register now for FREE unlimited access to Reuters.com RegisterReporting by Stine Jacobsen, Essi Lehto and Gwladys Fouche, editing by Terje Solsvik and Kim CoghillOur Standards: The Thomson Reuters Trust Principles.

A man smokes while walking past a mural, which was painted on a multi-storey building in support of the Russian army, in Moscow, Russia September 21, 2022. read morePrices for air tickets out of Moscow soared above $5,000 for one-way tickets to the nearest foreign locations, with most air tickets sold out completely for coming days. $5,000 TICKETSA tourism industry source told Reuters that there was desperation as people sought to find air tickets out of Russia. Traffic arriving at Finland's eastern border with Russia "intensified" overnight, the Finnish Border Guard said. read moreRussian police detained more than 1,300 people in Russia on Wednesday at protests denouncing mobilisation, a rights group said.

☆ Gen Z is increasingly using TikTok videos instead of Google search, but 1 in 5 of them contain misinformation, a new study says
▼ + stars: | 2022-09-19 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +2 min

A new study by a site that tracks online misinformation found that 1 in 5 videos on TikTok contain misinformation. The study found that TikTok often yields more partisan search results than Google. Gen Z users are increasingly turning to TikTok instead of Google as their primary search engine. Gen Z users have begun replacing Google with TikTok as their primary search engine, The New York Times recently reported. A new study by NewsGuard, a site that monitors misinformation across the internet, found that one in five search results on TikTok contains misinformation.

☆ How BlackRock is angling to get it on the boom in renewable natural gas, a controversial energy source
▼ + stars: | 2022-08-25 | by ( Rebecca Ungarino | ) www.businessinsider.com time to read: +6 min

BlackRock's acquisition of Vanguard Renewables underscores the rise of renewable natural gas. It is also where the world's largest asset manager went and found its latest target: An eight-year-old energy company with 160 employees called Vanguard Renewables. Last month BlackRock said one of its funds would acquire Vanguard (no relation to its asset management rival), which produces what the industry calls renewable natural gas, or biomethane. "The gas industry has done a great job in branding both natural gas and renewable natural gas. RNG projects capture methane, which has a far greater global warming potential than carbon dioxide, and turn that into a renewable energy.

☆ 'Super savers' share 7 strategies they use to save more than half of their income
▼ + stars: | 2022-06-21 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +10 min

'Super savers' who save more than 50% of their income track their spending and set specific goals. They also focus on increasing their income so they have more money to save. Insider rounded up seven savings tactics from "super savers," or people who are setting aside more than 50% of their income, to help you keep more of what you make. Focus on cutting the other 2 major expenses: food and transportationSuper savers will often focus on cutting "the big three expenses": housing, food, and transportation. If you're trying to save money on transportation, use public transit to get around if it's available in your area.

☆ 'The investments just grew so much': A single mom quit her job after reaching financial freedom in 4 years with a $900,000 portfolio. She shares 3 steps every woman should take to reach earlier retire
▼ + stars: | 2022-01-12 | by ( Laila Maidan | ) www.businessinsider.com time to read: +7 min

She started her career in 2002 but had contributed only about 10% of her salary to her retirement accounts — and not every year. Before 2017, she had $125,000 saved in her retirement accounts, she said. Everything changed that year when she decided to start maxing out her tax-deferred accounts. Her process didn't involve any strategic maneuvers in the stock market like swing or options trading. The second key step is you need to max out your tax-deferred accounts, such as a 401(k), 403(b), and 457(b), she said.

Before reading "Millionaire Teacher," I thought my investing options were: go it alone, or hire a pro. But, as it turns out, there's a Goldilocks-esque option sitting smack-dab in the middle that I'd never considered: intelligent investment firms. Hallam uses Vanguard's Target Retirement Funds to outline how intelligent investing works (though robo-advisors aren't quite the same thing). In addition to the Vanguard Target Retirement Funds described above, which come with a wide range of target retirement dates, Hallam lists out a series of companies that offer the same services. ), you might really benefit from handing the reins over to an intelligent investment firm.

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