BBC Television Centre, 2 May 1990. “Who would spend £7m on an egg?” The question echoes around the TV studio. At home, six million people watch as chatshow host Terry Wogan smiles knowingly, his brown eyes twinkling. “Seven million pounds,” he repeats in his Irish brogue. “And you can’t even eat it.” The audience laugh. A heckler shouts that he’d offer a fiver for it. The band strike up. At the ba...
BBC Television Centre, 2 May 1990. “Who would spend £7m on an egg?” The question echoes around the TV studio. At home, six million people watch as chatshow host Terry Wogan smiles knowingly, his brown eyes twinkling. “Seven million pounds,” he repeats in his Irish brogue. “And you can’t even eat it.” The audience laugh. A heckler shouts that he’d offer a fiver for it. The band strike up. At the back of the studio, two burly bodyguards stand silhouetted. The egg’s diamond-studded shell sparkles under the bright lights. “It was no silly goose that laid this, the world’s biggest golden egg.” Wogan gestures towards the giant jewelled object, his voice infused with pantomime-style levels of excitement. “And let’s welcome the man who made it,” he says smoothly. “Paul Kutchinsky.” My father saunters out, beaming from ear to ear. His shiny new loafers glide across the studio floor and he stretches his arm out towards Terry Wogan to steady himself. With his unruly mane, slender build and gold-rimmed glasses, he looks a bit like a mad professor. The camera zooms in on the egg atop its golden pedestal. At 2ft tall, it’s the size of a small child. Its surface shimmers with thousands of pink diamonds, casting shadows across the studio floor. Its heavy gold shell is open to reveal the first of its surprises: a glittering miniature library topped by a tiny diamond clock. View image in fullscreen ‘I felt a mix of pride and bafflement towards my father’s creation’: Paul Kutchinsky’s egg. Photograph: Serena Kutchinsky For Paul, the past few days have been a whirlwind and the enormity of what’s happening is only just sinking in. His lifelong ambition is being realised – but somehow, alongside the elation, he feels piercing darts of dread. The egg is everywhere. On display in a museum. Splashed across the pages of national newspapers. Starring on breakfast TV. The press are comparing Paul to the legendary Carl Fabergé, whose ornate jewelled eggs won him the patronage of Russia’s last t...
China’s top envoy to Russia has urged more transport infrastructure along the countries’ shared border to cut logistics costs and address challenges. Zhang Hanhui, Beijing’s ambassador to Moscow , said on Thursday that the two countries could explore cross-border transport corridors as major maritime logistics had been affected by sanctions. “I have suggested to the Russian side that more convenie...
China’s top envoy to Russia has urged more transport infrastructure along the countries’ shared border to cut logistics costs and address challenges. Zhang Hanhui, Beijing’s ambassador to Moscow , said on Thursday that the two countries could explore cross-border transport corridors as major maritime logistics had been affected by sanctions. “I have suggested to the Russian side that more convenient crossings should be built along the China-Russia border, such as cross-river bridges,” Zhang said on the sidelines of the “two sessions” , the annual meetings of China’s top legislature and top political advisory body. Advertisement “There are still some boundary rivers where bridges could be built. For instance, on the Ussuri River, a bridge could also be constructed near Raohe,” he said, referring to a border county in the eastern part of Heilongjiang province. Zhang mentioned two bridges connecting China and Russia , and highlighted the need for more efforts in cross-border infrastructure. Advertisement One of them is a railway bridge connecting the countries across the Heilong (Amur) River from Tongjiang in China to Nizhneleninskoye in Russia’s Jewish Autonomous Oblast.
A relaxed environment has been part of McCullum's England set-up since he took over the Test side in 2022 - an attempt to relieve players of the pressures of playing international cricket. England were accused of a lack of adequate preparation for the Ashes, playing only one warm-up match against England Lions at a club ground in Perth before the first Test. After the Ashes it was revealed Harry B...
A relaxed environment has been part of McCullum's England set-up since he took over the Test side in 2022 - an attempt to relieve players of the pressures of playing international cricket. England were accused of a lack of adequate preparation for the Ashes, playing only one warm-up match against England Lions at a club ground in Perth before the first Test. After the Ashes it was revealed Harry Brook was punched by a nightclub bouncer the night before a one-day international in New Zealand, while a mid-series trip to Noosa was heavily scrutinised. A review by the England and Wales Cricket Board into England's winter is under way, the culmination of which will confirm McCullum's future, but there have already been some changes. There will be a warm-up match when they travel to Australia for the 150th anniversary Test next year and preparation matches are also likely before next winter's other tours. England also added fielding coach Carl Hopkinson to their set-up for the World Cup after a host of dropped catches in Australia. That addition brought greater intensity to their training to the World Cup. McCullum will now return home to New Zealand before any formal announcement on his future is made. "We'll allow this period to land and you look back on the last five or six months, which has been pretty intense, and you look at what you got right, what you got wrong and start trying to work out ways you can improve on the areas that you need to," said McCullum. "That's just doing it with a bit of sound reason and logic when your emotions are out of it. "I make no apologies for running an informal, positive environment but to call it a casual environment is not quite fair. "But in the end people are always going to have their views on how you go about things and that's the role of the leader."
When Elon Musk burst onto the scene in his little Tesla Roadster, it seemed a matter of time before electricity rendered gas-powered sports cars obsolete. It hasn’t worked out that way. Automakers have struggled to bring purely electric two-seaters to market. The ones that managed to emerge have been flatly rejected by consumers. Porsche has walked back plans for an all-electric lineup of Boxster ...
When Elon Musk burst onto the scene in his little Tesla Roadster, it seemed a matter of time before electricity rendered gas-powered sports cars obsolete. It hasn’t worked out that way. Automakers have struggled to bring purely electric two-seaters to market. The ones that managed to emerge have been flatly rejected by consumers. Porsche has walked back plans for an all-electric lineup of Boxster and Cayman models, seemingly spooked by technical hurdles and tepid response from its fanatical customers. Lamborghini last week scrapped plans for its first all-electric model, with the CEO saying the brand’s customers have almost “zero interest” in a car without a gas engine. And yet, the Corvette ZR1X hybrid — surreal, spectacular, and a screaming bargain versus rivals — demonstrates how electrification is revolutionizing the highest ranks of performance, just not in the way people expected. That includes Formula 1 racing, where 50 percent of power this season comes from hybrid electricity. Among supercars and hypercars especially, if you don’t have a hybrid boost, you can no longer compete. My test of the ZR1X, at Sonoma Raceway and on roads in Napa Valley, underscores the inevitability of that electric helping hand. Read these numbers, and feel free to weep: 1,250 hybrid horsepower, up from 1,064 in the gasoline-only ZR1. A 0–60mph moonshot in 1.67 seconds, nose-to-nose with a $2.5 million Rimac Nevera R EV, and quicker than any Tesla or Lucid. Previous Next 1 / 5 A storming lap of Germany’s benchmark Nürburgring circuit took 6 minutes, 49 seconds and change. That set a new American production-car record, beat the Rimac by 16 seconds, and just nipped Porsche’s track-specialist 911 GT3 RS. It also handily beat the Yangwang U9 extreme, the 3,000-horsepower, roughly $235,000 Chinese EV that’s more a prototype than a legitimate “production car,” since no more than 30 will ever be built. That Yangwang clocked an impressive 6 minute, 59-second lap, the first EV in history to...
Getty Images At the start of this article, we first explain why the recent U.S. multi-theater strategy in Venezuela and Iran was not an opportunistic power grab. It was a deliberate plan, consistent with the National Security Strategy laid out at the beginning of Trump’s second term, aimed at denying adversaries access to resources in the Western Hemisphere and the Middle East. It is important tha...
Getty Images At the start of this article, we first explain why the recent U.S. multi-theater strategy in Venezuela and Iran was not an opportunistic power grab. It was a deliberate plan, consistent with the National Security Strategy laid out at the beginning of Trump’s second term, aimed at denying adversaries access to resources in the Western Hemisphere and the Middle East. It is important that we clearly establish this context before analyzing its implications for China: higher energy costs are structural and set to endure for the remainder of the Trump administration. The multi-theater strategy aimed to neutralize China’s two main sanctioned crude sources Two weeks after the capture of Nicolás Maduro, U.S. Secretary of State Marco Rubio delivered a speech at the Munich Security Conference. In that speech, he made two central arguments. First, that the United States may be located in the Western Hemisphere, but it will “always be a child of Europe,” reaffirming that the U.S. and Europe remain strategic partners as they share the same culture, language, and heritage roots. Second, he stated that the U.S. will abandon its “delusion[al]” post-Cold War liberal democracy doctrine in favor of strength and direct interventions. The liberal democratic peace theory emerged and popularized after the Cold War; it believes that democracies are less likely to go to war with each other because they share institutions, norms, and constraints. A simple illustration is the France and U.K. alliance - despite hundreds of years of warfare and rivalry, the two nations forged a close relationship and alliance once both were led by democratic governments. Parallel reconciliations were seen in other historical rival pairs, such as France and Germany, Japan and South Korea, and more. For decades, the liberal democratic peace theory dominated U.S. foreign policy, with the belief that the United States should leverage its world-leading soft power and influence to promote democracy and fo...
Germany Is Now Officially A Planned Economy Authored by Eduard Braun via Mises Institute , Germany’s push for a social-ecological market economy rests on far-reaching state interventions in energy and industry, including a government-driven hydrogen strategy. In a recent report Germany’s Federal Audit Office explicitly describes the policy as a planned economy and highlights fundamental problems. ...
Germany Is Now Officially A Planned Economy Authored by Eduard Braun via Mises Institute , Germany’s push for a social-ecological market economy rests on far-reaching state interventions in energy and industry, including a government-driven hydrogen strategy. In a recent report Germany’s Federal Audit Office explicitly describes the policy as a planned economy and highlights fundamental problems. At the same time, it doubts that the government will reach its own targets, indicating that these climate-policy experiments are likely to fail even on their own terms. Germany’s “social-ecological transformation” is the political program of turning the existing social market economy into what the government calls a “social-ecological market economy.” In practice, this means that climate and environmental targets are placed above the spontaneous outcomes of markets, and the state increasingly directs investment, production, and consumption through detailed regulation, bans, subsidies, and new bureaucratic structures. The federal government has committed itself—through the Paris Agreement, the EU Green Deal, the EU Climate Law, and Germany’s own Climate Change Act—to achieving greenhouse-gas neutrality by 2045 . On this basis, it is pushing a comprehensive restructuring of the entire energy and industrial base. Fossil fuels are to be phased out and replaced by renewable energy sources and new technologies. To enforce this, Berlin is tightening emissions limits, introducing sector-specific reduction paths, and expanding carbon pricing. At the same time, it is rolling out large-scale subsidy programs and support schemes aimed at “climate-friendly” investments, ranging from energy-intensive industries to housing, transport, and agriculture. According to the Scientific Service of the German Bundestag, the transformation will cost about 13 trillion euros (roughly 15.3 trillion dollars). Central to this transformation is not merely setting general framework conditions, but steerin...
Neuberger Berman Group LLC lowered its position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 1.0% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 412,941 shares of the electric vehicle producer's stock after selling 4,318 shares during the period. Neuberger Berman Group LLC's holdings in Tesla were worth $183,643,000 ...
Neuberger Berman Group LLC lowered its position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 1.0% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 412,941 shares of the electric vehicle producer's stock after selling 4,318 shares during the period. Neuberger Berman Group LLC's holdings in Tesla were worth $183,643,000 at the end of the most recent reporting period. Get Tesla alerts: Sign Up Other hedge funds have also recently modified their holdings of the company. Brighton Jones LLC raised its position in Tesla by 11.8% during the 4th quarter. Brighton Jones LLC now owns 87,929 shares of the electric vehicle producer's stock valued at $35,509,000 after purchasing an additional 9,293 shares during the last quarter. Revolve Wealth Partners LLC grew its position in shares of Tesla by 21.2% in the 4th quarter. Revolve Wealth Partners LLC now owns 5,317 shares of the electric vehicle producer's stock worth $2,147,000 after buying an additional 931 shares during the last quarter. Bison Wealth LLC increased its stake in shares of Tesla by 52.2% during the fourth quarter. Bison Wealth LLC now owns 10,368 shares of the electric vehicle producer's stock valued at $4,187,000 after buying an additional 3,558 shares during the period. Sivia Capital Partners LLC increased its stake in shares of Tesla by 9.1% during the second quarter. Sivia Capital Partners LLC now owns 12,135 shares of the electric vehicle producer's stock valued at $3,855,000 after buying an additional 1,011 shares during the period. Finally, AGP Franklin LLC raised its holdings in shares of Tesla by 21.2% during the second quarter. AGP Franklin LLC now owns 4,861 shares of the electric vehicle producer's stock valued at $1,544,000 after acquiring an additional 851 shares in the last quarter. Hedge funds and other institutional investors own 66.20% of the company's stock. Insider Buying and Selling at Tesla In other news, Director...
Posting on Instagram it said: "All we have got to see is use promo code TIMOTHEE to save 14% off select seats for Carmen, through this weekend only. Timmy, you're welcome to use it too."
Posting on Instagram it said: "All we have got to see is use promo code TIMOTHEE to save 14% off select seats for Carmen, through this weekend only. Timmy, you're welcome to use it too."
For much of the last 17 years, the stock market has been virtually unstoppable. With the exception of the five-week COVID-19 crash in February-March 2020 and the nine-month bear market in 2022, the Dow Jones Industrial Average (^DJI 0.95%), S&P 500 (^GSPC 1.33%), and Nasdaq Composite (^IXIC 1.59%) have spent roughly 16 of the last 17 years trekking higher. Investors have enjoyed no shortage of cat...
For much of the last 17 years, the stock market has been virtually unstoppable. With the exception of the five-week COVID-19 crash in February-March 2020 and the nine-month bear market in 2022, the Dow Jones Industrial Average (^DJI 0.95%), S&P 500 (^GSPC 1.33%), and Nasdaq Composite (^IXIC 1.59%) have spent roughly 16 of the last 17 years trekking higher. Investors have enjoyed no shortage of catalysts, including the rise of artificial intelligence, the advent of quantum computing, record S&P 500 share buybacks, and the Federal Reserve's rate-easing cycle, which have instilled optimism. However, in just two months, one of Wall Street's premier catalysts -- the Federal Reserve -- has the potential to serve as a tipping point for a historically expensive stock market. President Trump's Fed chair nominee may come with unintended consequences If there's one thing investors dislike, it's change. The more transparent the outlook for stocks and the U.S. economy, the happier investors tend to be. But change is inevitable -- especially at America's foremost financial institution. Jerome Powell's term as Fed chair is set to end on May 15. With President Donald Trump vocally critiquing Powell's monetary policy approach concerning interest rates since his second, non-consecutive term began in January 2025, it was a foregone conclusion that Powell's latest four-year term as Fed chair would be his last. On Jan. 30, the president nominated former Fed Governor and voting member of the Federal Open Market Committee (FOMC) Kevin Warsh to succeed Powell. The FOMC is the 12-person body, including the Fed chair, responsible for setting the nation's monetary policy. On the surface, Warsh's tenure as a prior voting member of the FOMC during the financial crisis lends credibility to his nomination. But there are nuances to Warsh's voting record and his critiques of Fed policy that can lead to unintended consequences for the U.S. economy and/or stock market. For instance, Kevin Warsh has o...
Key Points The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite have all soared due to a confluence of factors. President Trump's nomination of Kevin Warsh comes with an assortment of potential unintended consequences. Additionally, a historic division has taken hold of the Federal Open Market Committee (FOMC) at the tail end of Jerome Powell's term as Fed chair. 10 stocks we like bette...
Key Points The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite have all soared due to a confluence of factors. President Trump's nomination of Kevin Warsh comes with an assortment of potential unintended consequences. Additionally, a historic division has taken hold of the Federal Open Market Committee (FOMC) at the tail end of Jerome Powell's term as Fed chair. 10 stocks we like better than S&P 500 Index › For much of the last 17 years, the stock market has been virtually unstoppable. With the exception of the five-week COVID-19 crash in February-March 2020 and the nine-month bear market in 2022, the Dow Jones Industrial Average (DJINDICES: ^DJI), S&P 500 (SNPINDEX: ^GSPC), and Nasdaq Composite (NASDAQINDEX: ^IXIC) have spent roughly 16 of the last 17 years trekking higher. Investors have enjoyed no shortage of catalysts, including the rise of artificial intelligence, the advent of quantum computing, record S&P 500 share buybacks, and the Federal Reserve's rate-easing cycle, which have instilled optimism. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » However, in just two months, one of Wall Street's premier catalysts -- the Federal Reserve -- has the potential to serve as a tipping point for a historically expensive stock market. President Trump's Fed chair nominee may come with unintended consequences If there's one thing investors dislike, it's change. The more transparent the outlook for stocks and the U.S. economy, the happier investors tend to be. But change is inevitable -- especially at America's foremost financial institution. Jerome Powell's term as Fed chair is set to end on May 15. With President Donald Trump vocally critiquing Powell's monetary policy approach concerning interest rates since his second, non-consecutive term began in January 2025, it was a foregone conclu...
The Beckham empire is a tangled web of family and fortune. After her Paris fashion week show on Friday evening, Victoria Beckham talked backstage about Tamara de Lempicka, the Polish art deco portrait painter from whose palette she took the glowing colours and sinuous lines of this season’s coral and jade party dresses. Strictly no mention of the other story of the night – the absence of her estra...
The Beckham empire is a tangled web of family and fortune. After her Paris fashion week show on Friday evening, Victoria Beckham talked backstage about Tamara de Lempicka, the Polish art deco portrait painter from whose palette she took the glowing colours and sinuous lines of this season’s coral and jade party dresses. Strictly no mention of the other story of the night – the absence of her estranged eldest son, Brooklyn, from a front row packed with the rest of the Beckham clan. The designer’s husband, David Beckham, brought her a fortifying glass of red wine as she spoke to reporters. “I relate to Tamara de Lempicka as a strong woman, and to how she conducted herself. She stuck to what she believed in.” In her professional life, Beckham is having a good year. Her label, which four years ago was about £54m in debt and at risk of closure, has turned around, due in part to successful expansion into makeup and beauty, which has smartly allowed her to leverage the appeal of her brand name among consumers who cannot afford a £1,500 coat. Beauty is now a larger part of the business than fashion, but fashion sales are also now in profit. Sales across fashion and beauty grew 19% to more than $170m in 2025, while operating profit quadrupled from the previous year. View image in fullscreen Many of the looks in Beckham’s fall/winter 2026/2027 collection featured sober, neutral tailoring. Photograph: Stéphane Mahé/Reuters Store openings in New York and Paris are planned for later this year, adding to the flagship boutique in London, despite a blow served by the collapse of the Saks department store business, which was Victoria Beckham’s biggest retail partner in the US. David Belhassen, Beckham’s investment partner since 2017, told Womenswear Daily this week that the brand was down “a few million” as a result. A navy greatcoat with a low-slung martingale half-belt opened the show, worn over a trouser suit. Many of the looks were sober, neutral tailoring. The designer’s own ou...
Neo Ivy Capital Management cut its holdings in shares of Intel Corporation (NASDAQ:INTC - Free Report) by 32.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 44,720 shares of the chip maker's stock after selling 21,763 shares during the quarter. Neo Ivy Capital Management's holdings in Intel were worth $1,500,000 at th...
Neo Ivy Capital Management cut its holdings in shares of Intel Corporation (NASDAQ:INTC - Free Report) by 32.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 44,720 shares of the chip maker's stock after selling 21,763 shares during the quarter. Neo Ivy Capital Management's holdings in Intel were worth $1,500,000 at the end of the most recent reporting period. Get Intel alerts: Sign Up A number of other hedge funds also recently bought and sold shares of the business. Icon Advisers Inc. Co. acquired a new stake in Intel in the 3rd quarter valued at about $1,279,000. DCF Advisers LLC boosted its holdings in shares of Intel by 33.3% during the 3rd quarter. DCF Advisers LLC now owns 40,000 shares of the chip maker's stock worth $1,342,000 after purchasing an additional 10,000 shares during the last quarter. Intellectus Partners LLC grew its position in shares of Intel by 1.6% in the third quarter. Intellectus Partners LLC now owns 19,491 shares of the chip maker's stock valued at $654,000 after purchasing an additional 300 shares in the last quarter. Foster Dykema Cabot & Partners LLC increased its holdings in shares of Intel by 12.0% in the third quarter. Foster Dykema Cabot & Partners LLC now owns 8,276 shares of the chip maker's stock valued at $278,000 after purchasing an additional 889 shares during the last quarter. Finally, Chapman Financial Group LLC increased its holdings in shares of Intel by 474.1% in the third quarter. Chapman Financial Group LLC now owns 4,989 shares of the chip maker's stock valued at $167,000 after purchasing an additional 4,120 shares during the last quarter. Institutional investors and hedge funds own 64.53% of the company's stock. Intel Price Performance NASDAQ:INTC opened at $43.42 on Friday. Intel Corporation has a 52 week low of $17.67 and a 52 week high of $54.60. The stock's fifty day moving average is $45.47 and its two-hundred day moving average is ...
Neo Ivy Capital Management lowered its holdings in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 72.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 8,514 shares of the semiconductor manufacturer's stock after selling 22,361 shares during the period. Neo Ivy Capital Management's holdings in Micron Technology were worth $1,4...
Neo Ivy Capital Management lowered its holdings in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 72.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 8,514 shares of the semiconductor manufacturer's stock after selling 22,361 shares during the period. Neo Ivy Capital Management's holdings in Micron Technology were worth $1,425,000 as of its most recent filing with the SEC. Several other hedge funds have also added to or reduced their stakes in MU. Sunpointe LLC grew its stake in shares of Micron Technology by 1.3% during the third quarter. Sunpointe LLC now owns 4,011 shares of the semiconductor manufacturer's stock valued at $671,000 after buying an additional 53 shares during the last quarter. LOM Asset Management Ltd lifted its stake in shares of Micron Technology by 21.0% in the 3rd quarter. LOM Asset Management Ltd now owns 10,612 shares of the semiconductor manufacturer's stock valued at $1,776,000 after acquiring an additional 1,845 shares during the last quarter. Barclays PLC lifted its stake in shares of Micron Technology by 3.3% in the 3rd quarter. Barclays PLC now owns 6,796,268 shares of the semiconductor manufacturer's stock valued at $1,137,152,000 after acquiring an additional 215,540 shares during the last quarter. Perennial Investment Advisors LLC boosted its holdings in Micron Technology by 22.8% during the 3rd quarter. Perennial Investment Advisors LLC now owns 4,064 shares of the semiconductor manufacturer's stock valued at $680,000 after acquiring an additional 755 shares during the period. Finally, Crossmark Global Holdings Inc. grew its position in Micron Technology by 8.6% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 233,046 shares of the semiconductor manufacturer's stock worth $38,993,000 after acquiring an additional 18,490 shares during the last quarter. 80.84% of the stock is owned by institutional investors. Get Micron Technology alerts: Sign Up...
Did you know there's bipartisan legislation that aims to change when you claim Social Security? The legislation is also supported by several senior citizens groups. If you didn't know about this, you're not alone. But you should be aware of the proposed law, as it could have a big impact on your Social Security choices. Here's what you need to know. Lawmakers want to change when you claim Social S...
Did you know there's bipartisan legislation that aims to change when you claim Social Security? The legislation is also supported by several senior citizens groups. If you didn't know about this, you're not alone. But you should be aware of the proposed law, as it could have a big impact on your Social Security choices. Here's what you need to know. Lawmakers want to change when you claim Social Security The bill that aims to change your Social Security claiming decisions is called the Claiming Age Clarity Act. According to Reps. Lloyd Smucker (R-Pa.) and Don Beyer (D-Va.), the goal of the act is to "help seniors better understand how the timing of their decision to claim Social Security affects their monthly benefit." The legislation was introduced last year and would make some major changes to the language the Social Security Administration uses when explaining benefits to seniors. Specifically: Age 62 would no longer be called "Early Eligibility Age." Instead, it would be called "Minimum Benefit Age." Full Retirement Age (FRA) would be changed to "Standard Benefit Age." This is age 67 for anyone born in 1960 or later. Age 70 would no longer be called "Delayed Retirement Age." Instead, it would become "Maximum Benefit Age." The Bipartisan Policy Center, along with numerous senior advocacy groups, has come out in support of this rule change. Unlike the current language, which some may find vague and confusing, the new names would make clear that a decision to claim at a specific age could increase or decrease the standard benefit. Why do lawmakers want to try to change when you claim Social Security? Rep. Beyer explained why lawmakers believe this bill could be helpful in influencing retirees' decisions about when they claim Social Security. "Our bill would be an important first step toward helping older Americans make clearer, more informed decisions about when to claim their retirement benefits. By better reflecting the design of Social Security's claiming option...
Key Points Verizon posted big gains in February as analysts significantly raised their price targets on the stock. The company's strong quarterly report at the end of January helped power the gains. Verizon has managed to keep gaining in March despite volatility for the broader market. 10 stocks we like better than Verizon Communications › Verizon (NYSE: VZ) stock continued to rally in February fo...
Key Points Verizon posted big gains in February as analysts significantly raised their price targets on the stock. The company's strong quarterly report at the end of January helped power the gains. Verizon has managed to keep gaining in March despite volatility for the broader market. 10 stocks we like better than Verizon Communications › Verizon (NYSE: VZ) stock continued to rally in February following the company's strong fourth-quarter results at the end of January. The telecommunications' share price surged 20.4% higher in the month, and the performance looks even stronger amid a 0.9% decline for the S&P 500 and a 3.4% decline for the Nasdaq Composite in the month. Blowout quarters are a rare thing in Verizon's corner of the telecommunications industry, but the company delivered at the end of January -- and it's translated into a sustained rally for the stock. The stock is now up roughly 25.5% across 2026's trading. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » Analysts became much more bullish on Verizon last month Following its strong fourth-quarter report, Verizon received a large number of stock rating raises and price-target increases in February. Firms including JPMorgan Chase, RBC Capital, Scotiabank, UBS, Wells Fargo, TD Cowen, and Morgan Stanley all increased their price target forecasts for the telecommunications company's share price near the beginning of February. The last major piece of bullish analyst coverage for the stock last month arrived on Feb. 19, with Daiwa raising its rating on the company from outperform to buy. The investment firm also increased its one-year price target on the stock from $48 per share to $58 per share. Daiwa's analysts singled out Verizon's addition of 616,000 net postpaid subscribers in the quarter as a fantastic performance achievement. The team ...
Mohamad Faizal Bin Ramli/iStock via Getty Images Closed-end funds and long-term capital gains Closed-end funds are one of my favorite tools for taxable brokerages trying to maximize income. I've stated my case in previous articles: if you choose a fund with minimal to no leverage and a diversified, mostly equity strategy, it's akin to owning a large-cap equity portfolio and having an advisor sell ...
Mohamad Faizal Bin Ramli/iStock via Getty Images Closed-end funds and long-term capital gains Closed-end funds are one of my favorite tools for taxable brokerages trying to maximize income. I've stated my case in previous articles: if you choose a fund with minimal to no leverage and a diversified, mostly equity strategy, it's akin to owning a large-cap equity portfolio and having an advisor sell a percentage of your gains each year and give them to you as a paycheck. The fees are higher than index funds, but management usually consists of CFAs that consider tax efficiency first and foremost. As simple as they are, sometimes more sophisticated investors would like to operate their own capital gains replicator with guardrails. My favorite strategy to do so is to use the Dow 30 ( DIA ) index. While many accuse this index of being ancient and ridiculous in its construction, I disagree. The index is price-weighted rather than market-cap-weighted. You can replicate something like The State Street SPDR Dow Jones Indust Avg ETF Trust simply by buying an equal amount of each constituent by shares, not by dollar weight. I will demonstrate this ease of replication in a bit. Owning all 30 equally by shares gives a couple of distinct advantages over owning the index fund. A million dollars in a fund is a wrapper of stocks. You can't put your hand into the cookie jar and sell gain shares or loss shares; you sell all the shares at once. Thus, in this case, some tax timing is not available in the Dow via fund form vs. replication form. I like to use the Dow 30 as my go-to 'self index' Again, as stated, the main reason I like to use the Dow 30 for a sleeve of my taxable brokerage is because it's so easy to replicate. The current holdings are as follows. Stocks in the index : Boeing ( BA ) Chevron ( CVX ) Citigroup ( C ) Caterpillar ( C AT) Microsoft ( MSFT ) Walt Disney ( DIS ) Cisco ( C SCO) Goldman Sachs ( GS ) JPMorgan ( JPM ) Coca-Cola ( KO ) McDonald’s (M C D) Merck & Co. ( MR...
Key Points Amazon is seeing strong operating leverage in its e-commerce business and accelerating revenue growth at AWS. MercadoLibre is one of the most under-the-radar growth stories in retail. Chewy offers a great combination of solid sales and operating leverage in a defensive industry at a cheap price. 10 stocks we like better than Amazon › While technology gets all the headlines, the retail s...
Key Points Amazon is seeing strong operating leverage in its e-commerce business and accelerating revenue growth at AWS. MercadoLibre is one of the most under-the-radar growth stories in retail. Chewy offers a great combination of solid sales and operating leverage in a defensive industry at a cheap price. 10 stocks we like better than Amazon › While technology gets all the headlines, the retail space can still be a good place to find attractive stocks. Although not always as exciting as the tech sector, there are companies in the space with solid long-term growth potential. Let's look at three retail stocks to buy this month. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » 1. Amazon Amazon (NASDAQ: AMZN) is a great combination of an e-commerce retailer and a tech company through its Amazon Web Services (AWS) cloud computing unit. The company is the largest e-commerce operator in the world, and it has built a wide moat through its far-reaching logistics network. The company's e-commerce operations continue to see solid growth, but the most intriguing part of the Amazon story is the operating leverage it is seeing in this business. After years of building out its logistics and fulfillment network, the company is now using artificial intelligence (AI) and robotics to make it more efficient. Amazon is actually the largest operator and manufacturer of robots in the world and now deploys more than 1 million in its warehouses, all coordinated by its DeepFleet AI model. This operating leverage could be seen in the fourth quarter, when its North American operating income climbed 24% on a 10% increase in sales. At the same time, Amazon is seeing strong growth from AWS. AWS revenue accelerated to 24% growth last quarter, and that strong growth should continue as it ramps up its capital expenditures (capex) ...