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Stocks

“Sequoia and Andreessen to take a huge hit on their 2021 Instacart investment, after a 75% plunge in valuation”

“…In its latest IPO prospectus update, filed Friday, Instacart said it plans to sell shares at $28 to $30 apiece, valuing the company at around $10 billion at the top of the range. That’s more than 75% below where Sequoia and Andreessen invested… Continue Reading…

Personal Finance

“46% of 401(k) investors are clueless about their investments…”

“Almost half — 46% — of 401(k) investors don’t know what investments are in their workplace retirement plan, according to a new CNBC Your Money Survey, conducted by SurveyMonkey… Almost 59% of employers sponsoring a 401(k) plan used auto-enrollment in 2021, up… Continue Reading…

Economy

“America’s biggest liberal cities are dying”

“The liberal cities with the most recognizable brands were once the dream destinations for college graduates and aspiring professionals in various industries. Now, they are all recognized as overrated dumps that have been carried by their reputation for years. New York City,… Continue Reading…

Banking

“BlackRock Prefers Private Credit Over Public Amid Bank Troubles”

“BlackRock Investment Institute favors private credit over public as the banking-sector turmoil makes traditional lenders cautious, opening up new opportunities in the funding market. “We think private credit could help fill a void left by banks pulling back on some… Continue Reading…

Business

“Billionaire investment guru Warren Buffett issues stark inflation warning: ‘Fiscal deficits have consequences’ – after rate rose to 5.4% and Wall Street saw its worst week of 2023”

“Billionaire investor Warren Buffett sent out a clear warning to his shareholders as the Fed‘s inflation measure jumped to 5.4 percent over the last month. In his much acclaimed annual letter to Berkshire Hathaway shareholders, Buffett, 92, warned that ‘huge and entrenched… Continue Reading…

Business, Investing, Real Estate

“Soros says BlackRock’s China investments likely to lose money – WSJ”

“Billionaire investor George Soros said BlackRock Inc investing billions of dollars into China now is a “mistake” and will likely lose money for the asset manager’s clients, according to an opinion piece in the Wall Street Journal. “Pouring billions of… Continue Reading…

Banking, Business, Investing

“J.P. Morgan Acquires Forest And Timberland Investment Firm”

“This week, J.P. Morgan Asset Management announced that its $168 billion Global Alternatives division has acquired forest management and timberland investment firm Campbell Global, LLC.  Price and other terms of the deal with Campbell Global’s parent company, $140 billion asset manager BrightSphere Investment Group, were not… Continue Reading…

Banking, Business

“Goldman Sachs reports record results that top the Street amid booming investment banking”

“Goldman Sachs on Wednesday blew past analysts’ expectations with record first-quarter net profits and revenues on strong performance from the firm’s investment banking and trading businesses. The bank posted per-share earnings of $18.60, crushing the $10.22 estimate of analysts surveyed by… Continue Reading…

Stocks

“3 Big Dividend Stocks Yielding at Least 8%; Analysts Say ‘Buy’”

“Arbor Realty Trust (ABR)… Overall, there are 4 recent reviews on file for Arbor Realty, and they are all Buys – making the analyst consensus view here a Strong Buy. The average price target currently stands at $16.75, which indicates room… Continue Reading…

Stocks

“2 “Strong Buy” Dividend Stocks Yielding at Least 7%”

“Williams Companies (WMB)… With 8 recent reviews on record, including 7 Buys and just 1 Hold, WMB has earned its Strong Buy analyst consensus rating. While the stock has gained in recent months, reaching $23, the average price target of… Continue Reading…