The national debt crisis is set to worsen no matter who wins the election — here’s what you can do to protect your portfolio
A US Bureau of Engraving and Printing’s Western Currency Facility employee overlooks newly printed hundred dollar bills. The US has a big, $35 trillion problem: the national debt. After a bout of pandemic stimulus, the national debt ballooned from an already hefty 103% of GDP in 2019 to 120% currently. Left unchecked, the deficit will…
Why Citadel’s longest-running equities unit is focused on shorting stocks
Ken Griffin’s Citadel manages $64 billion. While some big bets against specific stocks have blown up in hedge funds’ faces in recent years, there’s still a focus on shorting at Citadel’s longest-running equities unit. Citadel Global Equities, a market-neutral strategy that started in 2001 for Ken Griffin’s $64 billion firm, has generally made more in…
Five Apple Intelligence features that you can try out now on your iPhone
Apple Intelligence introduces several AI features to eligible iPhones. The first Apple Intelligence features are out now. Apple’s GenAI tools have been highly anticipated since first announced at the Worldwide Developer Conference in June, and eligible iPhone owners can now test out a handful of AI functions. Apple Intelligence is only available on iPhone 15…
A hint in 3rd-quarter earnings calls suggests S&P 500 corporate profits are about to boom, Bank of America says
Executives have been dropping hints in third-quarter earnings calls that suggest corporate profits will surge in 2025, according to Bank of America. Strategist Savita Subramanian highlighted in a Monday note that with more than one-third of S&P 500 companies having reported results, mentions of the word “bottom” on earnings calls have surged. “Companies have been…
I’m a California teacher who thinks phone use in classrooms is a big problem. I’m not convinced a new law will solve it.
Many school districts already have a smartphone rule in place. Joelle Clark says that just because it’s written in a law doesn’t mean it’s going to be followed. I’ve been a teacher for six years, and I teach special-ed high-school students with mild to moderate learning disabilities. I recently decided to take up travel teaching.…
The Fed is likely to disappoint markets with just one more rate cut this year amid global inflation, BlackRock CEO says
BlackRock CEO Larry Fink The Federal Reserve will disappoint markets by cutting interest rates just one more time in 2024, BlackRock CEO Larry Fink said. Fink said the Fed will likely cut interest rates by 25 basis points before the end of the year amid a rise in global inflation. “I think it’s fair to…
Palmer Luckey says he still holds a grudge over his Meta ousting — but not against Zuck
Palmer Luckey founded defense tech company Anduril after being ousted from Facebook in 2017. Palmer Luckey is still angry about his ousting from Facebook eight years ago — but the billionaire virtual reality guru doesn’t blame Meta CEO Mark Zuckerberg. Luckey, 32, told the MIT Technology Review this month that he isn’t angry with the…
BookTok author Ana Huang mastered the art of billionaire romances. She said her first sports novel didn’t come as easily.
Ana Huang is one of BookTok’s favorite authors. If you have read any of Ana Huang’s books, you know about her affinity for billionaires. Huang, 33, writes spicy romance novels, many featuring billionaire love interests, like Alex Volkov in “Twisted Love” or Dante Russo in “King of Wrath.” Readers seem as smitten with Huang’s wealthy…
New Diddy accusers say they were 10 and 17 when he sexually abused them during auditions
Sean “Diddy” Combs Sean “Diddy” Combs is accused in a new lawsuit of drugging and raping a 10-year-old boy during an audition at a hotel in New York City in 2005. He alleges in the suit that he remembers being given a soda and that he soon “felt funny” and lost consciousness during the attack.…
