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

Which of Buffett’s bank stocks might make you the most money?

Which of Buffett’s bank stocks might make you the most money?

This is the time of the quarter when investors get to see what changes Warren Buffett and the management team at Berkshire Hathaway have made to the conglomerate’s stock portfolio. The big splash in Berkshire Hathaway Inc.’s BRK.B, + 1.67% 13F filing with the Securities and Exchange Commission for the end of the first quarter … 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

Opinion: Amazon’s stock price has slumped almost 34% this year. This money manager says it’s a steal and could surge 76% to $ 3,900 in 2 years

Opinion: Amazon’s stock price has slumped almost 34% this year.  This money manager says it’s a steal and could surge 76% to $ 3,900 in 2 years

The stock market is a funny place: When great businesses go on sale, most people don’t rejoice. Instead they freak out. This presents an excellent opportunity for long-term investors who keep their wits about them and triangulate between price and value. As I perform my own triangulations, I find many tech stocks on sale today, … Read more

Opinion: This pre-retiree was just terminated at work – is it worth paying off the mortgage with the severance money?

Opinion: This pre-retiree was just terminated at work – is it worth paying off the mortgage with the severance money?

Dear Ms. MoneyPeace: I have a question for you, and I would prefer a yes or no answer. When I am “termed” later this year, I’ll have about $ 150,000 in cash between service-termination money and savings, and will owe around $ 70,000 on my house. Should I just go ahead and pay it off? … 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

Matt Damon crypto commercial: How much you would have lost if you invested then

Matt Damon crypto commercial: How much you would have lost if you invested then

Remember when Matt Damon told you, “Fortune favors the brave”? Well, Twitter TWTR, -2.19% users do, and many of them are bringing up the viral Crypto.com ad, while prices for cryptocurrency like bitcoin BTCUSD, +0.71% and ether ETHUSD, +0.77% are slumping, and crypto exchange platforms like Coinbase COIN, +8.90% are losing billions in market cap. … Read more