Forbes Financial News

OpenAI CEO Sam Altman is joining a high-profile list of more than 240 wealthy philanthropists committed to donating over half their fortunes

Taylor Swift, the pop icon whose wildly successful Eras concert tour catapulted her net worth to stratospheric heights last year, isn’t the only new billionaire to take a spot among the wealthiest women in the US.

Q4 results on May 28: At least 30 companies are set to announce their FY24 fourth quarter (Q4) financial results today, on Tuesday, May 28.Also Read | Q4 results this week: LIC, IRCTC, Aditya Birla Fashion, Tata Steel among companies to declare earnings; check full listThe FY24Q4 earnings season began in the second week of April and is still ongoing. Over 500 companies are scheduled to announce their fourth-quarter results this week.In domestic markets, the FY24Q4 results will have a significant impact on stock movements.

After six years at the Paris-headquartered asset manager, Sednaoui will join CG AM in August to form an investor relations team alongside Katie Forbes, who has taken on the role of head of relations for the Capital Gearing trust.  In her new role, Sednaoui will focus on team strategy, institutional and intermediary client relationships and oversight of open-ended funds.  Forbes, who joined after four years at JP Morgan Cazenove's investment funds team, will concentrate on digital media and press relations initiatives.  Cadarn Capital launches with trio of trust partners «I am de...

Nita Ambani are preparing for a second round of pre-wedding festivities for their son Anant Ambani and his fiancée Radhika Merchant. This comes after a lavish three-day celebration in Jamnagar, Gujarat, earlier this year. The initial pre-wedding event in Jamnagar saw around 1,200 guests, including notable figures like Meta founder Mark Zuckerberg, Microsoft co-founder Bill Gates, global pop star Rihanna, cricketers Sachin Tendulkar and MS Dhoni, and Bollywood stars such as Shah Rukh Khan, Alia Bhatt, and Katrina Kaif. Forbes reported that Mukesh Ambani spent a colossal Rs 1259 crore on his son and future daughter-in-law’s pre-wedding festivities.

full moon of 2024, known as the "Flower Moon," will illuminate the evening skies this week, rising in the east as the sun sets in the west. This celestial event also referred to as the "Milk Moon" or "Hare Moon," promises to be a stunning sight. Adding to the spectacle, the moon will appear near the red supergiant star Antares in the constellation Scorpius. Here’s everything you need to know to catch this enchanting lunar display at its best from your location.

Police officers detained and handcuffed top golfer Scottie Scheffler outside Valhalla Golf Club on Friday ahead of the second round of the PGA Championship. He was arrested after allegedly trying to drive around traffic controls near the golf club. In a series of bizarre incidents, the police officers took Scheffler into custody, booked him with a mugshot taken in an orange jumpsuit, released him and then took him back to the course for breakfast and practice.

Soccer superstar Kylian Mbappe is all set to move to Real Madrid from Paris Saint-Germain (PSG). This has been revealed by Javier Tebas who is the President of the La Liga. The president of the top Spanish football championship league said this in an interview to Argentine sports newspaper 'Ole', as per a report on Forbes. Last week, 25-year-old Mbappe had stated that he would be leaving PSG when his contract with the club expires in June. Though, he had not named Real Madrid, it was widely believed that he would be moving to Real Madrid. This has now been confirmed by the President of La Liga.

Canadian billionaire Arthur L

James Harris Simons, founder of Renaissance Technologies, was a pioneer of quantitative investing (QI) across asset classes. While he was less famous than some of his peers like Charlie Munger and Warren Buffett, he was equally, if not more, successful in investing, outperforming markets with an amazing level of consistency. The popular statistic floating around is that $1,000 in his signature Medallion Fund — known for its consistent gains and only accessible to Renaissance's owners and employees — in 1988 would be worth $42 mn today, compared to $40,000 if invested in S&P 500 and $1,52,000 in Berkshire Hathaway shares over the same period. Today, Renaissance manages $106 bn in assets. As estimated by Forbes, Simons' net worth equates to $31 bn. Simons was a leading philanthropist who gave away billions during his lifetime to support medical and science research and teaching. His journey had been exciting and intriguing. A maths genius, he was only 23 when he received his PhD from the University of California, Berkeley. Subsequently, aside from teaching at prestigious universities, he worked as a breaker of Soviet codes at the Institute for Defense Analyses, a position he held until he had divergent views on the Vietnam War.

iPhone 16 Pro Max. According to the report, these upcoming models could feature a display that's 20 percent brighter than the current iPhone 15 Pro, boasting a peak brightness of 1,200 nits in typical usage scenarios. The iPhone 15 Pro already impresses with its peak brightness of 1,600 nits for HDR content.

University of Texas at Austin (UT Austin) and Rice University in Houston have been recognized by Forbes magazine as being among the top universities in the United States, similar to the prestigious Ivy League institutions. Forbes developed their own criteria for this ranking, excluding the traditional Ivy League schools and other well-known universities. Schools were evaluated based on factors like attracting high-achieving students, employer satisfaction, and admissions selectivity. UT Austin and Rice University are joined on the Forbes' list by other well-respected public universities like the University of Michigan and University of Virginia, along with private institutions like Johns Hopkins University and Carnegie Mellon University.

Billionaire investor James Simons, the mathematician and Cold War code-breaker who founded one of the world's most prominent and profitable hedge funds, Renaissance Technologies, has died at 86, his foundation said on Friday. The Simons Foundation did not give a cause of death.

Ivy League university was a guaranteed ticket to success. However, a recent Forbes survey suggests this trend is fading. Employers are increasingly looking beyond the Ivy League for talented graduates. The survey revealed a growing dissatisfaction with Ivy League graduates, with 33% of hiring managers indicating a decreased preference for them compared to five years ago. This shift coincides with concerns about recent campus controversies and the perceived value of an Ivy League education. In contrast, public universities and select private schools are gaining favor. The survey found that 42% of employers are more likely to hire graduates from public universities, and 37% expressed a preference for graduates from top private non-Ivy League colleges.

JPMorgan Chase’s wealth management unit has signed on a Merrill Lynch advisor team that managed $28 billion in client assets, potentially marking the largest advisor recruiting move in wealth management history.

LPL has made a hefty addition to its network in the Northeast with an award-winning independent practice.

The demand for air purifiers has also risen in recent years as people have realized the hazards of breathing polluted air. More and more people have started using these air purifiers in their homes, offices, and other spaces.

The cryptocurrency world has been going wild with speculation about BlockDAG , an upcoming crypto project that’s rapidly gaining traction with its innovative technology and an air of intrigue surrounding its origins. BlockDAG’s speedy progression through its presale batches has led to many scrambling to invest in this promising project before yet another price increase. 

Janney Montgomery Scott, the privately owned, independent subsidiary of Penn Mutual, has announced significant enhancements to its network with the addition of two seasoned financial advisors.

You can buy anything from apparel to water purifiers, smartphones to smartwatches, air conditioners to refrigerators, televisions to washing machines, and more with leading brands like Samsung, Philips, iQOO, OnePlus, Eureka Forbes, Prestige, Boat, Noise, Maybelline, Puma, Sony, Solimo, and many more. Start browsing now to snag the best deals before they're gone! The Amazon sale begins at noon on May 2; only Prime members may access the Great Summer deal on the Amazon page from midnight May 2. There are ICICI bank cards, BOB cards and Onecard offering 10% instant discounts alongwith summer bonanza rewards, easy returns, and fantastic discounts available along with additional deals like no cost EMI on bank cards, exchange offers, and certificates that can be redeemed later.

On the BSE, Forbes Company(down 9.32 per cent), Superior Ind(down 8.99 per cent), Megri Soft(down 8.93 per cent), India Lease Dev(down 8.73 per cent) and Neil Industries(down 8.44 per cent) were among the stocks that plunged over 5 per cent during the session.