Author: Editor-In-Chief
Mutual fund companies are increasing access to types of investments that provide guaranteed income for a lifetime. Last week, Vanguard, a mutual fund company and pioneer in index investing, announced a new line of target-date mutual funds. This allows shareholders to use a portion of their retirement funds to purchase an annuity. Annuities are products sold by insurance companies that guarantee policyholders a certain amount of regular income over a certain period of time.The mutual fund is expected to be available in 2026 and will only be available within defined contribution plans such as 401(k)s, the Wall Street Journal reports.…
An employee stands near the Amazon Inc. logo above the reception counter at the company’s campus in Hyderabad, India, on Friday, September 6, 2019.Bloomberg | Bloomberg | Getty ImagesAmazon on Wednesday pledged to invest more than $35 billion in India’s cloud and artificial intelligence space by 2030 as hyperscalers race to gain a foothold in the market. The commitment revealed in Amazon The Smbhav summit to be held in New Delhi will build on the approximately $40 billion already invested in the country. Amazon said in a press release that the new fund will target AI-driven digitization, export expansion, and…
The U.S. Navy said in a statement Tuesday that it has recovered two aircraft that crashed into the South China Sea while flying from the USS Nimitz in October. According to the Navy, on Dec. 5, a contract ship’s unmanned system was used to lift aircraft – an F/A-18 Hornet fighter jet and an MH-60 helicopter – from a depth of 400 feet (122 meters). Neither ship is the newest in the Navy’s fleet, but experts say the wreck could have yielded useful information had it been in enemy hands. “All involved brought significant expertise to the table that allowed…
Chelsea’s weaknesses were once again exposed in the loss to Atalanta. If they don’t tighten up their game further, they will likely remain without a win in four games.Talks of challenging for the Premier League title could be ignored unless Enzo Maresca’s young team starts to show strength. The humiliating defeat against Leeds was a wake-up call, but they learned little from it on Tuesday night. It was the 44th Champions League game Chelsea have lost after scoring the first goal, and the first time since 2005 that they have lost away after leading at half-time. Atalanta put pressure on…
Africa’s growing coup belt gained a new front on December 7 when soldiers appeared on Benin’s state television to assert power. Eight uniformed men, led by Lieutenant Colonel Pascal Tigri and calling themselves the Military Commission for Reconstruction, declared President Patrice Talon “removed”, suspended the constitution, dissolved state institutions and ordered the closure of borders.Observers were bracing for a now-familiar scenario of forced resignations, detention or house arrest of leaders, and routine condemnation from the African Union (AU) and Economic Community of West African States (ECOWAS).But by noon, those hopes were dashed.Within hours of the broadcast, Interior Minister Alassane Seydoux…
Naveen Rao, former head of AI at Databricks, has raised $475 million in seed capital for his new startup, Unconventional AI, at a valuation of $4.5 billion. The round was led by Andreessen Horowitz and Lightspeed Ventures, with participation from Lux Capital and DCVC. The funding is the first installment toward the round’s goal of up to $1 billion, Rao told Bloomberg. TechCrunch first reported in October that Unconventional AI was seeking this huge funding for Rao’s new startup, but the final valuation was slightly lower than the $5 billion that sources said he was seeking. If he ends up…
Eli Lilly CEO David A. Ricks speaks during a press conference at Generation Park in Houston, Monday, September 23, 2025. The company announced plans to build a $6.5 billion biomanufacturing plant north of Houston. (Raquel Natalichio/Houston Chronicle via Getty Images)Raquel Natalichio | Houston Chronicle | Getty ImagesEli Lilly The company announced Tuesday it will spend $6 billion to build a manufacturing plant in Huntsville, Alabama, to help expand production of its high-profile experimental obesity drug and other drugs. This is the third facility in a series of new U.S. investment plans by the pharmaceutical company. Eli Lilly announced in February…
Park Dae-joon, CEO of South Korean online retail giant Coupang, has resigned three weeks after the company became aware of a massive data breach that affected approximately 34 million customers.CoupangCEO of South Korean online retail giant Coupang The company’s resignation comes three weeks after the company became aware of a massive data breach that affected approximately 34 million customers.Coupang announced on Wednesday that CEO Park Dae-joon has resigned due to the data breach incident, which was disclosed on November 18, according to a Google translation of a statement in Korean.President Park said, “I deeply apologize for disappointing the people due…
Former employees claim the Trump administration rolled back enforcement of civil rights laws in favor of the president’s priorities.Published December 9, 2025December 9, 2025Click here to share on social mediaShare 2shareA group of more than 200 former U.S. Department of Justice (DOJ) employees has signed an open letter condemning the “destruction” of the Justice Department’s civil rights division under President Donald Trump.The letter, published online Tuesday, says the Trump administration has “upended” the department’s core mission of defending civil rights, leading to an exodus of staff.Recommended stories list of 3 itemsend of list”While each election brought changes, the fundamental mission…
The devastating violence in Gaza unfolded within an international system never designed to curb the geopolitical ambitions of great powers. To understand why the United Nations was able to mount such a limited response to what many see as a genocidal attack, we need to go back to the foundations of the post-World War II order and consider how its structures have long enabled impunity.After World War II, the structure of a new international order based on respect for the United Nations Charter and international law was agreed upon as the normative basis for a peaceful future. Above all, the…