London’s biggest divorce case hinges on this $353 million superyacht
05/21/2021 6:58 AM(Bloomberg) -- At the heart of the largest money fight that London’s divorce courts have ever known sits the Luna -- a 115-meter (380-foot), nine-deck luxury motor yacht holed up at a berth in a dusty marina in Dubai. The Luna is the largest and most expensive...
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In the future, we’ll pay to work, get paid to consume, and gamble to keep our money safe.
05/21/2021 6:26 AMWe live in a time of radical monetary policy and dramatic technological change. Cheap money finances innovation, and innovation helps hide the full effects of cheap money. In the process, everything we know about work, investment, and consumption is being redefined....
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Number of 401(k) and IRA millionaires hits record one year after Covid
05/21/2021 6:17 AMKEY POINTS Thanks to the market’s recent run-up and increased savings, retirement account balances have now surpassed pre-Covid highs. The number of 401(k) and IRA millionaires also hit an all-time record in the first quarter of 2021, according to Fidelity. Although...
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The Attorney General’s Astounding Attitude on Your Charter Rights
05/21/2021 6:15 AMSorry for the cliche but we don't know what we've got til their gone. It's time to pay...
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It’s not just Colonial Pipeline that’s paying off hackers
05/20/2021 2:22 PMCNA Financial Paid $40 Million in Ransom After March Cyberattack (Bloomberg) -- CNA Financial Corp., among the largest insurance companies in the U.S., paid $40 million in late March to regain control of its network after a ransomware attack, according to people with...
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Bonds Have Never Been So Useless As A Hedge To Stocks Since 1999
05/20/2021 6:26 AMBonds aren’t working as a safe haven like they used to. On a day when risk aversion swept across everything from stocks and commodities to crypto currencies, Treasuries barely budged. In fact, the S&P 500 and 10-year Treasury futures haven’t been so positively...
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Full Vaccination Has Its Privilege
05/20/2021 6:19 AMDr Fauci says no need to wear masks indoors as the fans flock back to pro sports. The EU says yes to international travel. Meanwhile in Canada we wait...and...
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Are Your Frequent Flyer Points In Danger?
05/20/2021 6:10 AMIf you spent the pandemic holed up at home, dreaming of the day you can jet away on vacation using all those miles you’ve banked, you may want to wake up. Airlines Are Under Heavy Pressure To Devalue Your Mileage Points Five of America’s largest airlines...
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Why Beijing’s ‘Made in China’ iron ore strategy is an empty threat
05/20/2021 6:09 AMChina has told its companies to produce more domestic iron ore as commodity prices hit record highs, but analysts say this will not reduce its reliance on Australian exports. Beijing’s warning to Australia that it will ramp up domestic iron ore production sounds...
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Today is a Day of Survival
05/19/2021 2:11 PM(Bloomberg) -- It’s been a rough two weeks in the crypto world, where as much as $1 trillion in market value has evaporated. Wednesday may be the worst of it, as the world’s two largest digital asset exchanges, Binance and Coinbase Global Inc., suffered service...
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