‘I’m an endless honey pot’: My wife and I are in our 70s. We gave our son $40,000 for his L.A. wedding. Now he wants more.
“We have four sons. We financed three of them through college, so none of our kids have student loans.” Source link
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Big endowments are heavily invested in hedge funds and other alts. They’ve been an expensive waste, study finds
An astonishing two-thirds of big university endowments are invested in hedge funds and other alternative investments that actually have delivered zero outperformance since the 2008 global financial crisis. Source link
Here’s why more than $1 billion in sales was not enough for Grocery Outlet
Grocery Outlet Holding Co.’s sales topped $1 billion in the fourth quarter, slightly above Wall Street expectations, but weaker quarterly profits and 2025 guidance dragged the stock down more than 12% late Tuesday. Source link
Boeing’s Stephanie Pope, once on CEO shortlist, is out as COO
Boeing Co. said late Tuesday that Stephanie Pope, once on a short list to become the aerospace and defense giant’s chief executive, is no longer its chief operating officer. Source link
Lucid aims to double EV production this year, stock rallies nearly 10%
Shares of Lucid Group Inc. shot up in after-hours trading Tuesday after the luxury EV maker narrowed its quarterly loss and announced a CEO change. Source link
PayPal has some big new growth targets. Can it hit its marks?
One analyst says the new growth goals seem achievable. Another worries competition from Apple Pay might get in the way. Source link