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Small business owners are losing the equivalent of 33 working days a year due to financial stress, according to a report from Xero.
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Goldman's Top Lawyer Departs Amid Revelations About Her Ties to Epstein The New York TimesKathy Ruemmler, top Goldman Sachs lawyer, resigning amid Epstein fallout CNNTop lawyer at Goldman Sachs resigns after revelation of Epstein relationship The GuardianTop Goldman Sachs lawyer Kathy Ruemmler to resign over Epstein links Financial Times
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Laid-Off Battery Plant Workers Pin Blame on Ford, not Trump, for Lost Jobs The New York TimesManufacturers pivot from EV batteries to storage as AI boom drives demand Financial TimesA Kentucky town bet big on Ford's EV strategy. Then the battery plant closed WKU Public RadioFord Motor Co. incurred billions in charges after ending SK battery venture Daily Memphian
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Stock Market Today: Dow, S&P 500 Rise, With Earnings, AI in Focus — Live Updates The Wall Street JournalStock Market Today: Dow tumbles 600 points to below 50,000, Nasdaq and S&P 500 skid on AI jitters and weak home sales; Treasury yields drop; gold and silver fall MarketWatchU.S. stocks mixed, as gains in the Dow are offset by a slide in Cisco Investing.comDow drops below 50,000 as S&P 500 falls back under year's opening level Proactive financial news
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Steven Spielberg Donates $25K to James Van Der Beek's GoFundMe as It Nears $2M The Hollywood ReporterAlfonso Ribeiro Shares Photo of His ‘Last Moment' with James Van Der Beek: ‘I Really Miss Him Already' People.comGoFundMe for James Van Der Beek's family tops $2 million to help with 'financial strain' following star's death YahooJames Van Der Beek's Death Underscores Early-Onset Colorectal Cancers The New York Times
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Montana Capital Partners has raised $1.4bn for its first flagship fund since being bought out by Prudential Financial's asset management arm PGIM in 2021.
The post Montana Capital Partners picks up $1.4bn for first secondaries fund since being bought by PGIM appeared first on AltAssets Private Equity News.
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A bear market accompanied by market volatility has led to shifting perceptions of what constitutes a secure retirement, according to a new national poll by Kiplinger and retirement services company Athene. Top concerns of retirees and near-retirees include a possible recession, the financial security of Social Security, the cost of health care and inflation.
A majority of respondents say that having more guaranteed income in retirement would ease their concerns about running out of money. Even so, an overwhelming majority of current retirees report high levels of satisfaction and happiness. And retirees are generally confident about their financial future, with 70% reporting they expect to have enough income to live comfortably, and 66% saying they are confident they will not run out of money in retirement. However, preretirees are less sanguine. Less than 55% of respondents not yet retired expressed confidence that they will not run out of money at some point.
The poll targeted retirees and pre-retirees with a net worth of at least $100,000; the respondents' median household net worth (excluding primary residence) was $369,979 for retirees and $322,506 for pre-retirees. The relatively high net worth is one likely reason financial confidence in this survey is higher than reflected in other retirement-confidence surveys.
Retirees are a bit more positive about stock market volatility than preretirees. Nearly half (49%) of retirees are concerned that stock market volatility could cause serious economic hardship in retirement (versus 64% of preretirees). Some 68% of retirees say they are doing nothing (and waiting) in response to volatility this year (versus 60% of preretirees).
Among retired respondents, 83% have already claimed Social Security benefits, with a mean claiming age of 63. For 43% of these respondents, Social Security provides 50% or more of their annual retirement income. Top sources of stable income for current retirees (be
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