Aware Financial News

More 401(k) plan sponsors like the idea of retaining participants after retirement, which is helping drive the development of more in-plan retirement income products, data published Friday by Cerulli show.

Bubs Australia says its key distributor in China is seeking to claw back more than $20 million from the troubled baby formula company as refund for ageing stock sitting unsold in its warehouses.

Retail investors—the very people who helped propel Robinhood to prominence in online trading—may have also been the ones who took the shine off the company’s initial public offering.

Investing with your conscience may get easier because of a new government proposal involving employer-sponsored retirement plans.

Hundreds of airline passengers stand in United Airlines' customer service line following a slew of flight cancellations and delays at Newark Liberty International Airport on Tuesday, June 27, 2023. 

Financial decisions are key to your relationship. Without mutual respect for each other’s financial goals, it becomes difficult to manage your house. Often family members tend to ignore each other’s financial challenges and fail to discuss their common goals. However, there are critical signals you must know about to avoid getting into a financial mess owing to the fault of your partner.

Individuals are preferring to buy single premium life insurance policies because of higher interest rates, convenience and flexibility the plans offer. The share of single premium to total premium has grown to 70% in May this year as compared to 55% in December last year. For private insurers, the share rose to 53% from 43%, and for Life Insurance Corporation, it grew to 82% from 70% during the same period.

By Adhil Shetty

Adani Group companies regained some of the lost ground in the June quarter after seeing mayhem in the March quarter that was triggered by the massive negative report of US-based Hindenburg Research. Shares of Adani Group’s flagship company Adani Enterprises net gained over 36% in the quarter ended June, after shedding 55% in the preceding quarter. Shares of Adani Power gained more than 30% in the last quarter, recouping almost all of the losses it made in the March quarter.

Dr. Prashant Patel is 75 years old and retired. During his lifetime, he succeeded in accumulating a large amount of wealth from his investments.

Parenteral Drugs (India) have backed out of a deal to sell the stressed loans of the pharma company to National Asset Reconstruction Company (NARCL), after an external committee of one of the banks rejected the offer, saying it is «too low», according to people aware of the development.State Bank of India (SBI) and Punjab National Bank (PNB) had given loans to Parenteral Drugs, a contract manufacturer of liquid formulations which is undergoing corporate insolvency. A binding offer by NARCL for the pharma company had triggered a Swiss Challenge auction, following which SBI invited counter offers from other asset reconstruction companies (ARCs). The lenders, led by SBI, held a Swiss auction on June 16, and they even declared NARCL as the winning bidder, the people cited earlier said.

Windows 10 offers a convenient feature that many users are not aware of? Speech-to-text! This feature allows you to dictate text instead of typing it manually, making it especially useful for those, who struggle with typing efficiency.

Gen Z are 50% more likely to buy products based on a friend's recommendation than that of an influencer or a celebrity endorsement. This indicates a shift in the perception of content creators and their 'influence' on the demographic cohort that also forms one of the largest audience groups on most social media and content platforms. In its Not all Gen Z report, Yuvaa--a youth media, insights and impact company--exclusively shared this and other findings with ET on the behaviour and ideologies of the generation born between 1997 and 2012.

Congress Party's (NCP) Sharad Pawar «thanked» Prime Minister Narendra Modi and lay blame at the feet of the Enforcement Directorate for his nephew Ajit Pawar's move to become the state's deputy Chief Minister. The 83-year-old party president said that PM Modi had hurled allegations of corruption against the Congress-NCP. «Today, his party has joined hands and sworn-in (as Ministers) some people from the same party against whom Modi had pointed fingers.

Bahujan Samaj Party chief Mayawati on Sunday said her party is not opposed to the idea of a Uniform Civil Code (UCC), but does not endorse the way the BJP and its government «seek to implement it in the country». The former chief minister said the Constitution mentions securing a UCC for all citizens but there is no provision of «imposing it».

It’s pedal to the metal for deal teams waiting on the auction for Melbourne toll-road operator EastLink, with a July kick-off still on the calendar after the most likely buyer, Transurban, was warned that the competition regulator had concerns about it acquiring another motorway.

GQG Partners has ramped up its shareholding in two Adani group companies to more than 5 per cent in signs of its confidence in the group despite the damning report of a US short seller. On June 28, GQG bought USD 1 billion (Rs 8,265 crore) worth of additional stakes in the group's flagship Adani Enterprises Ltd and renewable energy firm Adani Green Energy Ltd.

Jo Lindner, better known as “Joesthetics,” has died. He was just 30. His death was confirmed by his girl friend Nicha.

smart home devices fell 5.6% (year-on-year) to 186 million units in the first quarter (Q1) of this year.Smart speakers and networked video entertainment devices faced the steepest declines in the first quarter, down 15.4% and 7.8%, respectively, compared to the prior year, according to the International Data Corporation (IDC). The overall market is likely to decline by 1.8% in 2023 as weak consumer demand and economic volatility continue to put significant downward pressure on the market.

RBC Capital Markets has hired Andrea Sartore as a director from Morgan Stanley to cover consumer and retail clients.

The price of Bitcoin Cash (BCH) has experienced a remarkable rally of 70% within just seven days, igniting speculation about its potential to surpass Bitcoin.