You've probably seen articles touting the "ideal" amount to have saved for retirement. However, the truth is far more nuanced. Simply put, some people need more than others. Still, for many, the goal is to save at least $1 million. While this goal may seem out of reach for the average worker, data exposes a surprising truth: Everyday people have reached the $1 million mark in their retirement acco...
You've probably seen articles touting the "ideal" amount to have saved for retirement. However, the truth is far more nuanced. Simply put, some people need more than others. Still, for many, the goal is to save at least $1 million. While this goal may seem out of reach for the average worker, data exposes a surprising truth: Everyday people have reached the $1 million mark in their retirement accounts without relying on luck, an inheritance, or an exceptionally high-paying job. Instead, they implemented a fundamental strategy that just about anyone can use. Here's a breakdown of the strategy used by those who were able to build retirement wealth on their own. Continue reading
Bloomberg's Charlie Wells looks ahead to today's reports from JPMorgan Chase & Co. and Citigroup Inc. after Goldman Sachs Group Inc. reported a surprise drop in bond-trading revenue on Monday. (Source: Bloomberg)
Bloomberg's Charlie Wells looks ahead to today's reports from JPMorgan Chase & Co. and Citigroup Inc. after Goldman Sachs Group Inc. reported a surprise drop in bond-trading revenue on Monday. (Source: Bloomberg)
MTStock Studio/iStock via Getty Images Dear Partner: The Greenlight Capital funds (the “Partnerships”) returned 9.0% in 2025, net of fees and expenses, compared to 17.9% for the S&P 500 index. In the fourth quarter, the Partnerships returned 8.5%, while the S&P 500 index returned 2.7%. Since the inception of Greenlight Capital in May 1996, the Partnerships have returned 3,406% cumulatively, or 12....
MTStock Studio/iStock via Getty Images Dear Partner: The Greenlight Capital funds (the “Partnerships”) returned 9.0% in 2025, net of fees and expenses, compared to 17.9% for the S&P 500 index. In the fourth quarter, the Partnerships returned 8.5%, while the S&P 500 index returned 2.7%. Since the inception of Greenlight Capital in May 1996, the Partnerships have returned 3,406% cumulatively, or 12.7% annualized, both net of fees and expenses. Over the same period, the S&P 500 index has returned 1,693% or 10.2% annualized. Greenlight’s investors have earned $6.1 billion, net of fees and expenses, since inception. 1 Many have reached out to express concern over New York City’s new mayor. We confess to sharing some of that apprehension. After all, we are not Democratic Socialists. However, when we hear President Trump say things like, “I, as President of the United States, am calling for a one-year cap on Credit Card Interest Rates of 10%,” and “We [the government] should take stakes in companies when people need something,” perhaps concerns about socialism should extend beyond the five boroughs. We wonder if in a few years there will be a trivia game called, “ Who said it: Trump or Mamdani? ” As we reflect on these uncertainties and think about our investment strategy and portfolio construction, our goal is to build a bottom-up portfolio of equity longs that are absolutely cheap and, where possible, misunderstood, paired with a portfolio of equity shorts that are overvalued, poorly understood and deteriorating. We complement this with a macro book, partly designed to hedge macro risks and partly to capture macro insights. We may also use index positions to adjust overall exposure to align with our top-down thinking. In a typical year, we would expect most of our performance to come from the long-short book, with a small contribution from macro. For 2025, we made all our return and alpha in the macro portfolio, as shown in the table below: Gross Contribution Net Contrib...
Top Arab Gulf oil producers can return half of shut fields to prewar levels of production within two weeks once transits through the Strait of Hormuz resumes, the International Energy Agency said.
Top Arab Gulf oil producers can return half of shut fields to prewar levels of production within two weeks once transits through the Strait of Hormuz resumes, the International Energy Agency said.
German solar power generation is set to surge this summer, helping to shield Europe from some Iran war fallout as it curbs demand for liquefied natural gas imports. Solar output in Europe’s largest power market will average about 16.5 gigawatts from April to September, up roughly 31% from a year earlier, according to BloombergNEF data. That will reduce gas demand for power generation by about 29% ...
German solar power generation is set to surge this summer, helping to shield Europe from some Iran war fallout as it curbs demand for liquefied natural gas imports. Solar output in Europe’s largest power market will average about 16.5 gigawatts from April to September, up roughly 31% from a year earlier, according to BloombergNEF data. That will reduce gas demand for power generation by about 29% over the same period — the equivalent of about nine LNG cargoes, according to Bloomberg calculations. The number of solar panels in Germany will increase by 15% this year, driving a boom that will help dampen competition with Asian LNG buyers as the conflict in the Middle East pushes up prices. The extra renewable generation should also provide breathing space as Europe replenishes its depleted gas storage facilities ahead of next winter. The jump in solar means that German gas generation is expected to fall to a low of around 2.5 gigawatts in July, according to BloombergNEF. Coal output, which still plays an important role in Germany’s power mix, is expected to fall by about 63% to roughly 3.2 gigawatts between April and September. Still, gas will remain essential for balancing the German grid and setting electricity prices, particularly when renewable output is low.