Girl Child Putting a Coin in a Piggy Bank. Natalia Lebedinskaia | Moment | Getty Images Most people begin saving for retirement when they start full-time jobs — but primary school kids in Germany could get an early start. The country’s new government has made plans to introduce a so-called early start pension, setting up…
President Trump’s budget proposal would shrink the Education Department, which he has called on Congress to eliminate, by slashing its funding by 15 percent, or $12 billion. The most significant chunk of that reduction, about $4.5 billion, would come from the Title I budget for high-poverty schools, a cut of nearly 25 percent at a…
The skyline of Doha, Qatar. Tim De Waele | Corbis | Getty Images The Qatar Investment Authority is leveraging its over-$500 billion in assets to attract venture capital firms to the hydrocarbon-rich state. The sovereign wealth fund’s $1-billion fund of funds program — which invests in both international and regional VC funds — is designed…
California Governor Gavin Newsom has asked the US federal government for $40 billion (£31.6b) in funds to help rebuild areas of Los Angeles devastated by January fires. Newsom sent the request to congressional leaders in a letter on Friday. He said the funds would help both immediate and long-term recovery work. “I’m asking Congress to…
Pavlo Gonchar | SOPA Images | Lightrocket | Getty Images Asset management giant Vanguard announced broad fee cuts for many mutual funds and ETFs on Monday, reinforcing its standing as one of the cheapest options for investors. The move reduces fees on 87 different funds, and 168 total share classes of those funds. The average…
Pavlo Gonchar | SOPA Images | Lightrocket | Getty Images Asset management giant Vanguard announced broad fee cuts for many mutual funds and ETFs on Monday, reinforcing its standing as one of the cheapest options for investors. The move reduces fees on 87 different funds, and 168 total share classes of those funds. The average…
Wu Qing, chairman of the China Securities Regulatory Commission, answers a question at a press conference during the second session of the 14th National People’s Congress in Beijing on March 6, 2024. Wang Zhao | AFP | Getty Images China’s financial regulators on Thursday unveiled a slew of measures to urge large state-owned mutual funds…
The logo for the Vanguard Group is shown on correspondence in Zelienople, Pa. Keith Srakocic | AP Asset management giant Vanguard has been fined more than $100 million to settle charges related to disclosures around target date investment funds, the Securities and Exchange Commission announced Friday. The alleged violations stem from a 2020 change where…
