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FTC proposes ban on noncompete contracts
YOUR PRACTICE PRACTICE MANAGEMENT JAN 06, 2023
FTC proposes ban on noncompete contracts

The proposal would bar employers from entering into or enforcing such clauses and require companies to nullify any existing ones within six months.

Before FTX collapsed, it was targeting retirement accounts
RETIREMENT RETIREMENT PLANNING JAN 05, 2023
Before FTX collapsed, it was targeting retirement accounts

The push to interest retirement savers in crypto was part of an effort by FTX Group to expand its base of everyday retail customers.

Coinbase agrees to pay $100 million to settle compliance investigation
INVESTING ALTERNATIVES JAN 04, 2023
Coinbase agrees to pay $100 million to settle compliance investigation

The firm is required to pay a $50 million fine and spend $50 million to improve compliance over two years.

Investing novices call the shots on $4 trillion at public pensions
RETIREMENT RETIREMENT PLANNING JAN 04, 2023
Investing novices call the shots on $4 trillion at public pensions

Public-employee plans are underfunded, chasing higher returns and underperforming international peers overseen by professionals.

BlackRock, Citigroup among firms named as fossil-fuel boycotters by Kentucky
INVESTING ESG JAN 04, 2023
BlackRock, Citigroup among firms named as fossil-fuel boycotters by Kentucky

State legislation requires state entities to divest from firms on the list, with certain exceptions.

Blackstone's BREIT gets $4 billion boost from University of California
INVESTING ALTERNATIVES JAN 03, 2023
Blackstone's BREIT gets $4 billion boost from University of California

The infusion from UC Investments will give the $68 billion real estate investment trust a longer-term source of capital after it faced pressure from investors pulling cash.

Inflation lets wealthy Americans give heirs even more tax-free
RETIREMENT RETIREMENT PLANNING JAN 03, 2023
Inflation lets wealthy Americans give heirs even more tax-free

Last year's inflation, the highest in decades, means married couples can now hand their heirs almost $26 million tax-free, $1.7 million more than in 2022.

Cathie Wood's grim 2022 is almost over, but 2023 also looks bad
INVESTING MUTUAL FUNDS DEC 30, 2022
Cathie Wood's grim 2022 is almost over, but 2023 also looks bad

Wall Street has been slashing earnings forecasts for some of the biggest holdings of Wood's flagship ARK Innovation ETF, signaling more pain ahead for a strategy that took a beating in 2022.

VanEck liquidates two Russia ETFs
INVESTING MUTUAL FUNDS DEC 30, 2022
VanEck liquidates two Russia ETFs

Trading in the funds had ceased following Russia's invasion of neighboring Ukraine in February.

Can the 60/40 portfolio stage a comeback in 2023?
INVESTING EQUITIES DEC 28, 2022
Can the 60/40 portfolio stage a comeback in 2023?

The allocation that's supposed to hedge against both assets dropping simultaneously didn't pan out in 2022, with an index tracking a 60/40 mix down about 17% for the year.