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- SpaceX Said to Agree to Buy Cursor for More Than $50 Billion
The agreement comes as Elon Musk’s rocket and satellite maker, which has been emphasizing artificial intelligence, is preparing to go public. [TheTopNews] Read More.24 mins ago - Hotpot, bubble tea and sportswear: China’s new exports take on the world
Made in China used to mean cheap, mass-produced goods but a new wave of Chinese brands is emerging. [TheTopNews] Read More.30 mins ago - Gates Foundation Is Conducting an External Review of Its Epstein TiesThe action comes after the release of the Epstein files, in which Bill Gates and some former advisers figure prominently. [TheTopNews] Read More.51 mins ago
- A beginner-friendly ETF portfolio that requires almost no maintenance and delive...
Most people who delay investing aren't doing so because they think putting their money into the markets is a bad idea. They're stuck in front of a confusing smorgasbord of options, afraid to pile the wrong things on their plate, and at least a little afraid of looking like they don't know what they're doing (especially if it's true). Thus, analysis paralysis is often the default.Have no fear. There's a quick and simple way to build a sensible portfolio by using a small handful of exchange-traded funds (ETFs). So without further ado, let's get some clarity over what's going to go into this portfolio and how much of an allocation each ETF should get.For a portfolio to count as being both good and easy, it needs to be anchored with a hearty helping of market-tracking index funds. That way, you'll get exposure to growth and quite a lot of diversification, which will help to insulate you from all sorts of risks.COULD S&P 500 ETFS ALONE FUND YOUR ENTIRE RETIREMENT?Therefore, 65% of the portfolio could be allocated to the Vanguard S&P 500 ETF, and 20% could be allocated to the iShares Core MSCI Total International Stock ETF.The Vanguard ETF has an expense ratio of just 0.03% annually, tracks the performance of the biggest public companies listed in the U.S., whereas the iShares ETF has an annual expense ratio of 0.07% and tracks the performance of the biggest international companies, explicitly not including those in the U.S. The point of having both of these in the portfolio is that you'll be diversified across business sectors as well as across geographies, which reduces the chance that problems in the U.S. or any other specific country will drag down your portfolio's performance as a whole.Those two ETFs focus on stocks. A well-rounded and sufficiently diversified portfolio also needs some exposure to bonds to ensure that it has a fairly safe source of yield when times get tough, and to cryptocurrency, as it isn't represented well in any of the other ETFs.GOLDMAN SACHS COMPLETES INNOVATOR CAPITAL ACQUISITION, LIFTING ETF ASSETS TO $90BThus, you could also allocate 10% of the portfolio to the Vanguard Total Bond Market ETF and 5% to the iShares Bitcoin Trust ETF.In a nutshell, BND is crash insurance. It holds more than 17,000 U.S. investment-grade bonds for an annual expense ratio of just 0.03%. Its trailing-12-month yield is only 3.9%, but it… [TheTopNews] Read More.58 mins ago - LARRY KUDLOW: No sock puppet — Kevin Warsh will bring a gust of fresh air to t...President Trump’s Fed nominee Kevin Warsh appeared before the Senate Banking Committee today and passed with flying colors. It’s the best way I can put it. It may well be a new era for the Federal Reserve as Mr. Warsh outlined his long-held views that the central bank’s remit has grown too far and too wide and must be curbed.That its balance sheet of assets and liabilities should similarly be downsized, that it was never meant to be an overbearing central planning economic agency. And that monetary policy independence is essential. Yet it must be earned. In his testimony, Mr. Warsh said "low inflation is the Fed’s plot armor, its vital protection against slings and arrows. So, when inflation surges — as it has done in recent years — grievous harm is done to our citizens, especially to the least well-off."And finally, the Fed must stay in its lane. No politics. No diversity, equity, and inclusion, no climate change, no lobbying state legislatures, et cetera. Mr. Warsh challenged a number of hidebound Fed customs, such as forward guidance and constant chattering from reserve bank presidents. He indicated it’s time to look for new economic models. Mr. Warsh is an optimistic growth guy who doesn’t believe low unemployment means higher inflation, but does believe in the growth power of tax cuts and deregulation. He also suggested that Federal Open Market Committee meetings could resemble a "family fight," saying "I tend to favor messier meetings than some where people don’t show up with rehearsed scripts." He added that "we can have a good family fight if the central bank has that good family fight, I think that they’re going to make better decisions. And if they happen to make mistakes, they’ll correct them sooner." He even challenged inflation indicators suggesting that median inflation rates or trimmed mean inflation rates, where you chop off the high and low outliers, might be better than the straight up consumer price index or personal consumption expenditures deflator.At one point he mused out loud that it’s hard to make monetary policy without ever mentioning money. Asked about his forecast he suggested the broad contours of the economy are improving but we can do better, peak inflation has come down, but it can come lower, and interest rates are a better tool than the Central Bank balance sheet. Mr. Warsh also defended his long-run view that rapid technology advances like… [TheTopNews] Read More.1 hour ago
- Papa Johns box message telling customers to tip delivery drivers sparks fierce t...A message encouraging Papa Johns customers to tip their delivery drivers has enraged social media users, as frustration over America's expanding "tipping culture" continues to ferment.TikTok user @sydneeee___ posted a video last week showing a box from the pizza chain that stated: "DELIVERY FEE IS NOT A TIP. Please reward your driver for outstanding service." The message left viewers fuming, sparking a collective debate over the purpose of delivery fees and whether corporations should be responsible for paying their workers livable wages.Users labeled the message "tone-deaf," arguing that the company is shifting the financial responsibility of employee compensation onto the consumer.DOMINO'S PIZZA DEBUTS STUFFED CRUST IN EFFORT TO BOOST SALES "Companies telling us to tip their workers knowing they won’t pay them is crazy lol," one user commented. Another questioned the logic of the charge, asking, "So wtf are we paying a delivery fee for?" A third user noted, "If a delivery fee is not a tip... then why is there a delivery fee being paid to the business? It should be paid to the driver." One commenter pointed out the executive pay scale, writing, "Papa Johns CEO makes $8.44M annually btw."Rather than serving as a lighthearted reminder to reward good service, some users argued the message creates unnecessary friction between the customer and the delivery person.KFC BRINGS BACK A TASTE OF NOSTALGIA WITH FAN-FAVORITE ITEMThis backlash comes as more Americans express exhaustion with tipping practices creeping into industries that traditionally never requested them. Customers now frequently face "tip screens" for mundane tasks or at self-service kiosks, leading to awkward social scenarios.A WalletHub survey released in March found that nearly nine in 10 Americans believe the country's tipping culture is "out of control." Similarly, a recent Popmenu report found that 77% of consumers agree the practice has gone too far, with two-thirds of respondents admitting they only tip out of guilt.FOX Business has reached out to Papa Johns for comment.GET FOX BUSINESS ON THE GO BY CLICKING HEREThe viral video arrives at a difficult time for the pizza giant, which recently announced plans to close 300 underperforming restaurants across the U.S.Papa Johns Chief Financial Officer Ravi Thanawala described these "doomed" locations as being primarily franchise-owned, more than a decade old, and generating less than $600,000 in annual unit volume (AUV). [TheTopNews] Read More.1 hour ago
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