The rich have always wanted to own a team, and it seems like lately, they’ve been lining up to do it. Steve Ballmer walked away from Microsoft’s C-suite and into the Clippers, pouring more than $4 billion into the team and its new arena. Mark Walter closed a record $10 billion purchase of the Lakers…
Iraq and Syria signed an agreement Friday to rebuild an oil pipeline that would provide an alternative to the Strait of Hormuz. Baghdad and Damascus signed the deal at a Chamber of Commerce summit in Washington on U.S. investment in Iraq. Energy Secretary Chris Wright presided over the signing by Basra Oil Company CEO Bassem…
The semiconductor sector is undergoing a reset and has a tendency to underperform in the third quarter.
A high-yielding dividend stock that’s a good value with solid growth potential is a pretty strong combination. This describes Shoe Station (SHOE 4.69%), formerly known as Shoe Carnival, which traded under the ticker SCVL. The company made that rebrand on June 11, and it also has a new direction. The shoe stock has struggled in…
Social Security beneficiaries are likely to get an above-average benefit boost in January 2027, according to recent cost-of-living adjustment (COLA) projections. But it’ll likely be less than what you were hoping for, especially with the high inflation we’ve seen so far this year. A big part of this is the very unintuitive way the government…
At a time when the industry is clearly bifurcating along performance and fundraising, our awards recognise and platform the managers and service providers delivering true value. Entries close soon. By Aftab Bose, London At an LP-GP workshop we hosted recently, I asked a top UK allocator to visualise himself behind his laptop, in a scenario…
It’s hard to go for a month in the registered investment advisor sector without a new report detailing the challenge of succession planning in this founder-led, client-driven industry. Just take this week. According to Charles Schwab’s annual RIA benchmarking survey, just 45% of firms with under $250 million in assets under management have a written…
Dive Brief: The Council of the District of Columbia, in a unanimous vote Tuesday, advanced bill (26-494), which will establish an alternative path to becoming a certified public accountant that requires a bachelor’s degree, two years of experience and passing the CPA exam. The move, which must still be reviewed by District of Columbia Mayor Muriel Bowser…
The U.S. Capitol in Washington, D.C.Sarah Silbiger/Bloomberg The Council of the District of Columbia unanimously advanced Bill 26-494, which will establish an alternative path to CPA licensure. Processing Content The bill awaits the review of D.C. Mayor Muriel Bowser and then Congress before becoming law. The bill will create a third pathway allowing CPA candidates…
Recording on location at the Steward Symposium, host Ryan Nauman welcomes Scott Danner (Chief Growth Officer) and Valerie Rivera (Chief Operating Officer) of Steward Partners to discuss growth in wealth management, where organic expansion has become harder and M&A has become a major driver. Danner shares his background building Freedom Street Partners and joining Steward…