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Nation’s largest public pension fund plagued by secrecy and underperformance, probe finds
EXCLUSIVEU.S. newsU.S. newsNation’s largest public pension fund plagued by secrecy and underperformance, probe findsThe independent report was commissioned by a nonprofit group that includes retirees who were concerned about the $630 billion California Public Employees’ Retirement System.Listen to this article with a free account00:0000:00The headquarters of the California Public Employees' Retirement System, or CalPERS, in Sacramento.Xavier Mascarenas / TNS via ShutterstockShareAdd NBC News to...
When Capital Aggregation Distorts Markets: The Case For Structural Reform Through Tokenization
InnovationWhen Capital Aggregation Distorts Markets: The Case For Structural Reform Through TokenizationByIvan Kan,Forbes Councils Member.for Forbes Technology CouncilCOUNCIL POSTExpertise from Forbes Councils members, operated under license. Opinions expressed are those of the author. | Membership (fee-based)May 22, 2026, 06:00am EDTIvan Kan, global investor and entrepreneur at the intersection of capital markets, tokenization and emerging tech. Investor in HackIndia. gettySomething fundamental...
Morrisons ‘to shut 100 lossmaking convenience shops’
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Samsung Chip Workers Face Colleagues’ Resentment Over Bonus Deal
Samsung Electronics Co. staved off a potentially catastrophic strike this week, reaching a tentative deal with leaders of its largest union at the last minute to share more profits from the AI boom. But inside the $1.1 trillion technology behemoth, not everyone is happy.
Cubans grapple with fuel shortages and blackouts as US steps up pressure
Cubans grapple with fuel shortages and blackouts as US steps up pressure10 minutes agoShareSaveAdd as preferred on GoogleWill GrantBBC's Mexico, Central America and Cuba correspondentBBCAna Rosa Romero says she barely leaves her apartment due to the uncertainty of what might happenThe incident at the centre of a murder charge against Cuba's former president, Raúl Castro, is burned into the collective memory of both Havana and Miami. The US case, unveiled on Wednesday, accuses Castro and five oth...
'You are going to lose your job': Nvidia CEO Jensen Huang warns employees across industries
Nvidia CEO Jensen Huang issued a stark warning: failing to embrace AI could cost jobs. He believes AI will automate routine tasks, boosting creativity and decision-making, potentially doubling global GDP. Huang also admitted Nvidia has largely lost China's AI chip market to Huawei due to US restrictions, with their market share dropping to zero.
Number of air conditioned UK homes doubles to more than 4m in three years
Greater working from home and hot summer temperatures believed to be driving increase in ownershipAn estimated 4m homes in the UK now have air conditioning, double the figure from three years ago as Britons complain of “unliveable” conditions during high temperatures.Portable units with power ratings around 1kW are slightly more common than the more powerful built-in versions that can guzzle 2.7kW of power – more than an electric oven. Continue reading...
Air India CEO says successor will have 'hands full' - Emirates 24|7
Air India CEO says successor will have 'hands full' Emirates 24|7
China to Penalize Tiger, Futu in Cross-Border Flow Crackdown
China’s securities regulator plans to penalize Futu Holdings Ltd., UP Fintech Holding Ltd.’s Tiger Brokers and Longbridge Securities Ltd. for operating on the mainland without a license, marking a sharp escalation in a yearslong campaign against illicit cross-border brokerages.
Estée Lauder ends merger talks with Gaultier owner Puig
Sticking points to build beauty powerhouse included which family would hold balance of power, according to FTBusiness live – latest updatesThe US cosmetics company Estée Lauder has ended merger talks with its Spanish rival Puig to create a fashion and beauty retailer worth almost $40bn (£30bn/€34.5bn) after failing to agree which would hold the balance of power in the combined group.Estée Lauder is one of the world’s biggest manufacturers of skin care, makeup and fragrances with a portfolio that...
PM Shehbaz says Pakistan taking measures on a priority basis to increase foreign investment
Prime Minister Shehbaz Sharif on Friday said that Pakistan was taking measures on a priority basis to increase foreign investment in the country, according to a statement by the Prime Minister’s House (PMO). He made the remarks during a meeting with a delegation from Qatar’s Taameer Group, led by its founder Mohammad Hussain Al Ali, the PMO said in a statement. “Qatar is a longstanding friend of Pakistan that has always stood by the country in diff...
Biggest drop in petrol purchases in six years hits retail sales in Great Britain
Drivers conserve fuel amid Iran war uncertainty, pushing overall sales down 1.3% in AprilBusiness live – latest updatesMotorists cutting back on petrol and fuel purchases at the steepest rate since the Covid pandemic in 2020 drove retail sales in Great Britain to their biggest monthly decline in a year.The Office for National Statistics (ONS) said the overall volume of retail sales plunged by 1.3% in April compared with the previous month, the biggest contraction since May last year and worse th...
Morrisons planning to close 100 stores in next few months
Morrisons planning to close 100 stores in next few monthsJust nowShareSaveAdd as preferred on GoogleJemma CrewBusiness reporter Getty ImagesMorrisons is planning to close 100 stores over the coming months, as it blamed government policy choices for rising costs. The supermarket chain said the affected convenience stores had been loss-making for some time and were acquired through its McColls acquisition in 2022.It said the difficulties had been exacerbated in more recent years by "significant co...
RBI steps in with heavy dollar sales to defend rupee: Report
The Reserve Bank of India aggressively intervened, selling billions to defend the rupee against sustained pressure. This significant dollar selling, even before markets opened, helped the currency strengthen. Elevated oil prices remain a key concern, with policymakers considering further measures, including a potential interest rate hike, to stabilize the rupee.
Warhammer firm set for record revenues and profit jump
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'The Assassin' Fahmi Quadir on How to Survive as a Short-Seller | Odd Lots
A short-seller is a gumshoe who roots out a particular story about a specific company and brings it to light. In this way, a short-seller is similar to an investigative journalist. Fahmi Quadir, the founder and CIO of Safkhet Capital, is known as "the Assassin." Her notoriety proceeds her: Among her most well-known bets include short-selling Wirecard AG and Valeant. In today's conversation with Qaudir — recorded at our live show in London at Wilton's Music Hall — she dishes on what life is like...
Total Explores Selling Stakes in European Green Assets
TotalEnergies SE is exploring selling a 50% stake in some of its European renewables assets, as the French energy giant seeks a partner for its green investments, people familiar with the matter said.
Odd Lots: Fahmi Quadir on Surviving as a Short-Seller (Podcast)
A short-seller is a gum shoe who roots out a particular story about a specific company and brings it to light. In this way, a short-seller is similar to an investigative journalist. Fahmi Quadir, the founder and CIO of Safkhet Capital, is known as the Assassin. Her notoriety proceeds her: Among her most well-known bets include short-selling Wirecard AG and Valeant. In today’s conversation with Qaudir — recorded at our live show in London at Wilton’s Music Hall — she dishes on what life is like f
Messi supera los US$1.000M y entra al club de multimillonarios
Lionel Messi ya entró al club de los multimillonarios. Su patrimonio superó los US$1.000 millones gracias a salarios, patrocinios, negocios e inversiones ligadas al Inter Miami y Apple. (Source: Bloomberg)
Laura Pomfret - CCJs, decrees and unpaid court debts
Laura Pomfret - CCJs, decrees and unpaid court debtsImage caption, Laura PomfretPublishedJust nowOn Friday 22nd of May, Laura Pomfret joined Morning Live to talk about the rise of County Court Judgments (CCJs) across the UK, known as decrees in Scotland, which are issued to individuals who fail to repay money they owe.Laura explains why the number of CCJs has increased, what your options are if you receive one, and advice on how to avoid an unpaid debt becoming a court case.To find the steps and...