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Yale University’s famed endowment has been trying to offload one of the largest portfolios of private equity investments ever in a single sale, a move that reflects the pressures on both Wall Street and higher education under the Trump administration.The Ivy League school has sought buyers for up to $6 billion in stakes in private equity and venture funds, according to three people briefed on the sales process, amid uncertainty about its federal funding and the reality that many of these investments have not delivered the outsize returns that Yale...

Understanding a 401k: How it works and why it’s importantWhat is a 401k plan? Key benefits and how to maximize your savings.Retirement savers have faced plenty of white knuckle days in 2025 where stock market conditions — and on-again, pause-again tariffs — put everyone's nerves on edge.Amazingly, no matter how awful things felt some days, many have not seen a double-digit fallout in their 401(k) savings in the first quarter, according to the latest data from Fidelity Investments.Average 401(k) retirement account balances fell 3% from late last year through the...

Watch: Gov. Kim Reynolds discuses task force for Iowa 'DOGE'Hear from Gov. Kim Reynolds as she talks about Iowa's 'DOGE' on Thursday, Jan. 16, 2025, at the Iowa State Capitol.Iowa's DOGE task force is considering issuing a recommendation to consolidate the state's 99 counties to improve government efficiency and enable property tax cuts.The task force argues that the current county structure is outdated and wastes resources, citing Iowa's low population density.The task force is focusing on streamlining services and regionalization rather than directly addressing property tax reform.Iowa's government efficiency task...

Volkswagen is holding “fair” and “constructive” talks with the United States government on tariffs and wants to make further investments in the country, CEO Oliver Blume told German newspaper Sueddeutsche Zeitung. Several foreign companies have announced new US investments in response to President Donald Trump’s import tariffs, but German carmakers have been more cautious about committing more resources to what is their biggest export market. Volkswagen’s Audi brand, which has no production in the United States, is planning to produce some models in there, although the brand has said that...

Emerging market currencies rose, as President Donald Trump’s move to extend a deadline for aggressive tariffs on the European Union bolstered risk appetite.JPMorgan’s Emerging Market Currency Index edged higher, on track to kick off its eighth consecutive week of gains, which would mark its best run since at least 2010. Meanwhile, MSCI’s gauge of EM currency returns climbed as much as 0.4% to match its all-time high. Enthusiasm for the greenback has faded this year due to Washington’s unpredictable trade policy and concerns about the deficit, with developing-nation currencies some...

The euro and other global currencies experienced a significant boost on Monday following President Donald Trump's decision to delay imposing 50% tariffs on EU imports, initially set for June 1. This move, requested by the EU to facilitate a better deal, comes amid Trump's broader policy shifts, contributing to a weakening U.S. dollar.Ray Attrill of the National Australia Bank noted the resurgence of the 'Sell America' trend in the currency markets. Investors are factoring in the likelihood that the U.S.-EU tariff resolution won't reach the hefty 50% level, though...

US Stock Market Highlights: US stocks slipped on Tuesday (May 20) as the tech-driven rally lost momentum. The S&P 500 fell 0.39% to close at 5,940.46, while the Nasdaq Composite declined 0.38% to 19,142.71. The Dow Jones Industrial Average shed 114.83 points, or 0.27%, ending at 42,677.24. Tech stocks, which had powered the market’s gains over the past six sessions, saw broad declines.US Stock Market Highlights:  US stocks slipped on Tuesday (May 20) as the tech-driven rally lost momentum. The S&P 500 fell 0.39% to close at 5,940.46, while the...

Daedo Kim and Jaehyun Eom  |  BloombergThe dollar erased this week’s gains on fresh speculation President Donald Trump favors a weaker greenback and will prod other governments to let their currencies rise in return for trade deals with the US.The US currency extended an earlier decline on Wednesday after a Bloomberg News report that South Korea and US officials discussed exchange rate policies at a May 5 meeting in Milan and will continue to do so.The won rose nearly 2% and the Japanese yen also climbed, helping to push the...

The stock market is now higher than before President Trump’s broad and steep tariffs sent share prices into a tailspin. The 10-year government bond yield is now largely in line with where it started the year. On Tuesday, a widely watched measure of inflation nudged lower.Judging from a snapshot of today’s financial markets, it would be easy to conclude that very little had happened over the last four and a half months.As the administration has dialed down its trade offensive, delaying the worst of the tariffs announced on April 2...

FBI opens investigation into NY Attorney General Letitia JamesThe Department of Justice opened an investigation into New York Attorney General Letitia James, multiple news outlets reported.WASHINGTON — The Department of Justice has opened up an investigation into New York Attorney General Letitia James over real estate transactions, multiple news outlets reported.The FBI investigation is tied to loans and property purchases in New York City and Virginia, the Albany Times Union, Guardian and Washington Post reported on May 8.President Donald Trump has frequently attacked James since she won a $454 million...