Convicted Insurance Mogul Ordered to Give Up Control of Companies

Convicted Insurance Mogul Ordered to Give Up Control of Companies

A North Carolina court has ordered convicted insurance mogul Greg Lindberg to turn over control of hundreds of his private companies to a special board in an effort to salvage four financially troubled insurers that have been under regulatory supervision since 2019. The court order concluded that Mr. Lindberg committed fraud in failing to abide … Read more

‘I partially support my partner of 12 years as his business is, sadly, failing’: I’m 33, and have $ 300,000 in company stock. Should I sell those shares to pay off my debt of $ 56,000?

‘I partially support my partner of 12 years as his business is, sadly, failing’: I’m 33, and have $ 300,000 in company stock.  Should I sell those shares to pay off my debt of $ 56,000?

I am 33 years old, I currently make just over $ 120,000 a year, including an annual bonus, and my company has gifted me with around $ 300,000 in equity in the firm, although our stock is brand new, so it is constantly swinging up and down . I put around 6% toward a 401 … Read more

Grubhub is giving NYC office workers free lunch — but who’s in the office?

Grubhub is giving NYC office workers free lunch — but who’s in the office?

Could giving people free food work up the appetite to return to the office? GrubHub has been trending on Google throughout the day on Tuesday for offering a free lunch up to $ 15 for NYC office workers between 11 am and 2 pm Workers in the Big Apple’s five boroughs, as well as parts … Read more

Bitcoin ‘not going to take over as an alternative form of money’: Ben Bernanke

Bitcoin ‘not going to take over as an alternative form of money’: Ben Bernanke

Ben Bernanke, former chairman of the Federal Reserve, said he doesn’t think bitcoin would take over “as an alternative form of money.” Bitcoin BTCUSD, -4.75% and other cryptocurrencies have been “successful as a speculative asset,” Bernanke said in an interview with CNBC’s Squawk Box that aired Monday morning. “You are seeing the downside of that … Read more

Grayscale launches ETF in Europe to track ‘future of finance’ stocks like Coinbase, Robinhood

Grayscale launches ETF in Europe to track ‘future of finance’ stocks like Coinbase, Robinhood

Grayscale is launching its first European ETF, the Grayscale Future of Finance UCITS, which will list on the London Stock Exchange, Borsa Italiana, and Deutsche Börse Xetra. The fund will be based on the Bloomberg Grayscale Future of Finance Index which tracks companies that represent the “future of finance”. These include stocks such as Silvergate … Read more

Adani Group to Acquire Holcim’s India Business

Adani Group to Acquire Holcim’s India Business

Holcim (Paris: HOLN) has signed a binding agreement for the Adani Group to acquire its business in India, comprising its 63.11% stake in Ambuja Cement, which owns a 50.05% interest in ACC, as well as its 4.48% direct stake in ACC . The corresponding offer share prices of INR 385 for Ambuja Cement and INR … Read more

6 financial advisers and pros answer one question: ‘If a client came to you with $ 1,000 to invest right now, what would you tell them to do with it?’

6 financial advisers and pros answer one question: ‘If a client came to you with $ 1,000 to invest right now, what would you tell them to do with it?’

Imagine this: You’ve got $ 1,000 to invest, but you don’t know exactly what to do with it. We asked six financial advisers what they’d do if a client came to them with $ 1,000 – here’s what they advise. (You can use this tool to get matched with a financial adviser who may meet … Read more

Financial Advisor Glossary: ​​Terms You Should Know When Shopping for an Advisor

Financial Advisor Glossary: ​​Terms You Should Know When Shopping for an Advisor

CFA. Fiduciary. RIA. These terms aren’t exactly self-explanatory. But when it comes to finding a financial advisor, you’ll be better equipped if you’re familiar with the industry’s lingo and what’s behind a slew of acronyms. So we’ve assembled a handy glossary of fundamental financial advisor terminology and definitions that will help make you fluent in … Read more

Buy Citizens Financial Stock. Its Shares Could Gain 29%.

Buy Citizens Financial Stock.  Its Shares Could Gain 29%.

Bigger is better in banking — and Citizens Financial Group has been taking steps that should allow it to play with the bigger boys. Its stock looks like a winner. These days, it’s almost impossible for a bank to succeed without the scale to provide more than just loans and accounts to their clients. They … Read more

AppLovin stock jumps more than 20% as execs consider selling one business as the other finds a new gear

AppLovin stock jumps more than 20% as execs consider selling one business as the other finds a new gear

AppLovin Inc. shares rallied in the extended session Wednesday after the app-monetization company executives said they expect about $ 2 billion from their software business alone in 2023 and could sell their apps business. AppLovin APP, -5.90% shares, which were halted for trading soon after the market closed, rallied as much as 50% at one … Read more