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Business

Billionaire John Paulson Wins $48M in Provisional Arbitration Ruling in Puerto Rico

Billionaire John Paulson has secured a significant legal win in Puerto Rico. Court filings this week showed that an arbitrator provisionally awarded him nearly...

Wall Street’s AI IPO War Forces Bankers to Split Sides

Goldman Sachs and Morgan Stanley are forming separate teams to handle upcoming IPOs for OpenAI and Anthropic. The decision aims to prevent the sharing of...
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Here’s how stocks fared under past Fed chairs — and what a Warsh nomination truly means

Stock-market performance has varied significantly across different Federal Reserve chairs, offering a historical perspective on central bank influence. Going...

Is the stock market open on Juneteenth? Will the post office deliver mail?

The June 19 federal holiday falls on a Friday this year. Here is how trading hours and other services...

Americans’ 401(k) Balances Hit Record Highs in 2023—Here’s How Your Savings Stacks Up

Americans’ 401(k) balances soared to record levels last year, according to Vanguard’s latest "How America Saves" report. The analysis...

The $124 Trillion Wealth Transfer Is Happening Now — But the IRS or Nursing Homes Could Take Your Family’s Inheritance First

The Great Wealth Transfer, an estimated $124 trillion shift of assets from older to younger generations, is underway. However,...

We read the Social Security and Medicare trustees reports. If you’re not worried, you should be.

The latest Social Security and Medicare trustees reports paint a concerning picture for the future. Both programs face significant...

Europe’s Largest Banking Merger in Years Nears Reality as UniCredit Circles Commerzbank

UniCredit is moving closer to its long-held ambition to acquire Commerzbank. The Italian lender's pursuit of its German rival...