April 4, 2021

Day: April 4, 2021

Barron’s 100 Most Influential Women in U.S. Finance: Seema Hingorani

Seema Hingorani

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When Seema Hingorani was chief investment officer of New York City’s Retirement Systems, she spotted a problem: little diversity among the asset managers vying to invest the city’s roughly $160 billion in assets, with many complaining they couldn’t find any women or people of color.

Hingorani, a daughter of Indian immigrants who started her asset-management career as an analyst at T. Rowe Price and eventually became a hedge fund manager, decided to fix the so-called “pipeline” problem by founding the nonprofit Girls Who Invest in 2015.

100 Most Influential Women in U.S. Finance

More than 500

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Here’s how much Americans in their 40s have in their 401(k) accounts

The earlier you start saving for retirement, the better.

Many people put off saving for retirement early in their careers because of how distant in the future retirement seems, but experts say that starting to save early can make a huge difference in how much you end up with.

To help you know if you’re on track, retirement-plan provider Fidelity set benchmarks for how much you should have saved at every age. By 40, Fidelity recommends having three times your salary put away.

If you earn $50,000 a year, you should aim to have $150,000 in retirement savings by the

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Hunter Biden recounts personal troubles, drug addiction in wide-ranging CBS interview

Hunter Biden, the president’s son, said he expects to be exonerated after the U.S. Justice Department concludes an inquiry into his finances, in a wide-ranging interview that aired Sunday morning and also touched on his drug addiction and long-running personal troubles.

The son of President Joe Biden appeared on the “CBS Sunday Morning” news program to promote a new memoir, “Beautiful Things,” in which he talks about his addiction to crack cocaine, his recovery, and his relationship with his father.

He said in the interview that he is “cooperating completely” with a federal probe centered on his tax dealings. The

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Matteson’s newest Black-owned business opens following year of COVID shutdowns

MATTESON, Ill. (WLS) — A new restaurant and coffee shop opening in the south suburbs is a welcoming sight following a year of closures and shutdowns due to COVID-19.

Red Star restaurant has teamed up with Sip and Savor Coffee to launch the new spot in Matteson.

The 5,000 square foot space is designed to bring the community together.

“We are not here to just make money. We are here to make a difference,” said Trez Pugh with Sip and Savor Coffee House. “In addition, this is a community feel, a modern-day cheers. This place wraps its arms around you.”

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The perfect time to start a business is now

New Yorkers may be wearing masks, but their eyes are wide open. With every empty storefront or closed restaurant, there’s the question of what will fill the space, because New York City always bounces back. In fact, it’s already happening, with a new generation of restaurants, lounges, stores and businesses popping up.

“Business development in the city is the busiest it has been since last March,” said Dan Clark of the New York City Economic Development Corporation. Not only that but many of those who fled New York City when the pandemic hit are flocking back, according to cellphone

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Business Community Rallies Against Insurance Assessment

Steve Fradianni, who owns a paving business in South Windsor. (via Zoom)

The business community is teaming up with farmers, grocery store owners, and small employers to oppose Democratic proposals to expand health care coverage for low-income residents. 

Democratic lawmakers and Gov. Ned Lamont both proposed bills that include provisions to assess insurers $50 million in fees to give an additional subsidy to residents who fall around 200% of the federal poverty level. 

The business owners say the assessment would be passed along to them through higher health insurance rates. 

Lamont argues that since the federal government is getting rid

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