When it comes to building wealth, locking in a high rate of return is appealing. In general, savers and investors have to take on a higher level of risk in order to unlock potentially higher returns. But with moomoo’s current offer, you can earn up to 8.1% Annual Percentage Yield (APY) on your uninvested cash.That’s better than you can earn on almost every savings account product out there currently! In partnership with moomoo, let’s take a closer look at the offer details and see how you can take advantage of this offer.Open an account at moomoo and get started >>Earn…
Author: insighter
Only three CEOs have held the reins at Costco during the retail giant’s four decades in existence, points out Fortune’s Phil Wahba. And the latest freshman to enter the arena is none other than Ron Vachris, who started working at the membership warehouses when he was just a teenager. Working for Costco for as many years as the goods store has been around—41 years—Vachris has climbed the ranks from the inside. He’s inherited an empire built upon hotdogs perennially priced at $1.50 and the lure of a bargain. Vachris, who took over at the beginning of the year, knows what…
Catherine Wood, chief executive officer of ARK Investment Management LLC, speaks during the Bitcoin 2022 conference in Miami, Florida, U.S., on Thursday, April 7, 2022.Eva Marie Uzcategui | Bloomberg | Getty ImagesCathie Wood’s ARK Invest has taken a stake in Elon Musk’s startup xAI as she deepens her big bet on artificial intelligence.ARK Venture Fund has invested in xAI as of Sunday, the St. Petersburg, Florida-based asset manager said in an email to clients Tuesday evening. The fund also invests in OpenAI, the popular player behind ChatGPT, as well as other companies in the industry, such as Figure AI and Shield AI.The xAI…
Jim ChanosScott Mlyn | CNBCFamed short seller Jim Chanos called a lawsuit accusing him of embezzling funds for personal use, “false, baseless and defamatory.” Chanos gave the statement CNBC’s Scott Wapner in response to allegations made by a former investor in Chanos & Co. Conlon Holdings, a Chicago-based firm run by Sean Conlon, filed the suit in New York State court over the weekend, alleging that Chanos used his firm as a “piggy bank” with $10 million of outstanding loans that he borrowed from his company over more than a decade. The suit was originally reported by Bloomberg News.”As Mr. Conlon…
The PenFed Gold Visa® Card is an excellent pick for those looking to pay off debt, thanks to a lengthy interest-free window and no annual fee.But if you’re not on a debt-payoff journey, other credit cards that offer rewards will be more valuable. Plus, to qualify for the PenFed Gold Visa® Card, you’ll have to become a member of PenFed Credit Union. The financial institution is known for servicing members of the military, veterans and their communities, although anyone can join by meeting a few criteria.Here’s what to know about the PenFed Gold Visa® Card. 1. A few steps are…
Former US President and Republican presidential candidate Donald Trump awaits the start of proceedings in his criminal trial at Manhattan Criminal Court in New York City, on May 29, 2024.Charly Triballeau | Afp | Getty ImagesJurors in the criminal hush money trial of Donald Trump are set Wednesday to begin deliberating whether or not the former president is guilty of nearly three dozen felony counts of falsifying business records.The 12-member jury began receiving instructions from Manhattan Supreme Court Judge Juan Merchan shortly after 10 a.m. The judge reminded them that they “must set aside any personal opinions or bias” against…
Enterprises are adopting generative AI in a big way. We’re elevating work and transforming business processes from sales enablement to security operations. And we’re getting massive benefits: increasing productivity, improving quality, and accelerating time to market. With this advancement comes an equal need for consideration of the risks. These include software vulnerabilities, cyberattacks, improper system access, and sensitive data exposure. There are also ethical and legal considerations, such as copyright or data privacy law violations, bias or toxicity in the generated output, the propagation of disinformation and deep fakes, and a furthering of the digital divide. We’re seeing the worst…
Solar panels and wind turbines in the Netherlands.Daniel Bosma | Moment | Getty ImagesClean energy stocks may be underperforming in the public market, but there is still great appetite for companies focused on decarbonization in private markets — with Clean Energy Ventures’ new fund serving as the latest example.The climate tech firm said Wednesday that it raised $305 million for its second fund, five years after closing its first fund. This latest fund was oversubscribed — the initial target stood at $200 million — but interest from limited partners including The Grantham Foundation, Builders Vision and Carbon Equity led to…
529 plan investment strategies can be hard to navigate.College and retirement savings plans often involve dynamic investment strategies, such as age-based and enrollment-date asset allocations for 529 college savings plans and target-date funds for retirement. They start off with a high percentage invested in high-risk, high-return investments like stocks, and gradually shift the mix of investments to a lower-risk asset allocation as time passes.In most cases, dynamic investment strategies use a linear glide path, where the percentage invested in stocks drops by a fixed amount each year. For example, a typical asset allocation for target-date funds bases the percentage invested in…
Members of media chat before the start of a press conference by Aramco at the Plaza Conference Center in Dhahran, Saudi Arabia November 3, 2019. Hamad I Mohammed | ReutersSaudi Arabian state oil giant Aramco plans to offer a fresh sale of between $10 and $20 billion of its stock as soon as this week, the Wall Street Journal reported late Tuesday, citing individuals with knowledge of the matter.The Saudi state and its sovereign wealth fund, the Public Investment Fund, own the vast majority of Aramco, with just 1.5% of the company traded publicly on the Tadawul, the kingdom’s stock exchange,…
May 1 was supposed to be “college decision day” for high school seniors across the country. But months of Free Application for Federal Student Aid (FAFSA) errors and financial aid offer delays have left scores of students unsure of their post-secondary plans, or whether they can afford college at all. Nationwide, FAFSA completion is down about 17% from this time last year, according to the National College Attainment Network. Schools are now scrambling to get financial aid offers out. As of May 7, roughly 28% of institutions had yet to begin assembling financial aid packages for accepted applicants, according to…
The sole physical copy of Wu-Tang Clan’s unreleased “Once Upon a Time in Shaolin” is headed to Australia’s Museum of Old and New Art. Only a handful of ears have listened to Wu-Tang Clan’s seventh studio album to date. But next month, lucky MONA visitors may be able to hear part of it, too. In addition to putting the famed piece of music history on display, MONA said it would host private listening sessions featuring select tracks from the album between June 15 and June 24. Tickets, set to be released Thursday, are free — but there’s only a small…