Marelli confirms Favre as CEO, eyes Schot as chairman after restructuring

Worried you’ll come up short in retirement? When Brian Waters ran the numbers, he realized he was still decades away from being able to leave his nine-to-five. He needed a lifeline, and he found one in real estate investing. In just five years, he has scaled to 20 rental properties, and against all odds, he’s…

Sticky headline inflation and rising tariff risks could give the Bank of Canada pause in October

Retired boxer Floyd Mayweather Jr. has been ordered to pay $340,000 following a bitter legal battle over unpaid rent at a luxe Manhattan condo. A New York state judge entered a default judgement against the former athlete in the case involving dwelling owners Leila and David Centner, who rented him their property, which was located…

Mortgage rates dropped 0.03% today on average leaving the top-tier 30yr fixed rate index at 7.40% vs 7.43% yesterday–the third lowest level in more than 3 weeks. As has been and continues to be the case, the lower rates seen since last Wednesday are primarily being driven by concerns about deleveraging and potential contagion in…

On news that the company is planning to raise $95 billion to fund artificial intelligence (AI) spending, including a $35 billion stock offer, shares of Meta Platforms (META) have been walloped in recent weeks, shedding more than 16% over the past month. Declines of more than 10% mark a correction. With the social media stock…

Rockbridge clients will remain with their existing advisers. Credit: Chayanit/ Shutterstock.com. Creative Planning has acquired Rockbridge Investment Management, a fee-only, fiduciary wealth management firm, for an undisclosed sum. The deal adds around $2.2bn in assets under management to Creative Planning’s books along with 23 employees. Access deeper industry intelligence Experience unmatched clarity with a single…