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Manchester United football club announces deal to sell up to 25% of club to Jim Ratcliffe

British billionaire Sir Jim Ratcliffe has agreed to buy a 25% stake worth about £1.25 billion ($1.3 billion) in Manchester United soccer club, the BBC reported Sunday. As part of the deal, Ratcliffe’s Ineos Group will take control of the club’s football operations. Ratcliffe, 71, will also provide $300m (£236m) for future investment into Old… […]

I inherited a $300,000 bank account. When I pay taxes on the interest, would my spouse be entitled to a share of the account if we split?

I received a $300,000 inheritance from my mother, which is in a separate account earning interest. If I’m married and we file taxes jointly, our joint income taxes would have to pay for these interest earnings. How does the interest earned affect the “separateness” of that inherited account? Commingling Conundrum Dear Commingling, Your letter never […]

The Magnificent 7 dominated 2023. Will the rest of the stock market soar in 2024?

2023 will go down in history for the start of a new bull market, albeit a strange one. Despite some year-end catch-up by the rest of the S&P 500 index, megacap technology stocks, characterized by the so-called Magnificent Seven, have dominated gains for the large-cap benchmark SPX, which is up 23.8% for the year through […]

Why the 60-40 portfolio is poised to make a comeback in 2024

Speculation that the 60-40 portfolio may have outlived its usefulness has been rife on Wall Street after two years of lackluster performance. But as the yield on the 10-year Treasury note BX:TMUBMUSD10Y hovers around 4%, some strategists say the case for allocating a healthy portion of one’s portfolio to bonds hasn’t been this compelling in […]

Pharma had a year full of firsts

Soumyabrata Roy | Nurphoto | Getty Images Drugmakers are closing out a year when they achieved several historic firsts that will shape the pharmaceutical industry in 2024 and beyond.  The weight loss drug market transformed into the pharmaceutical industry’s newest gold rush this year, as demand for costly but highly effective treatments from Novo Nordisk […]

Aquaman and the Lost Kingdom marks end of era for DC

Jason Momoa stars as Arthur Curry, aka Aquaman, in Warner Bros.’ “Aquaman and the Lost Kingdom.” Warner Bros. Discovery Stick a trident in it. “Aquaman and the Lost Kingdom” opens Friday, marking the final installment in Warner Bros. Discovery’s DC Extended Universe film franchise and likely Jason Momoa’s final turn as the titular hero. The […]

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