Going forward

Share to Twitter Share to Linkedin Robert F. Smith Photo credit: The Washington Post/Getty Images (Photo by Ricky Carioti/The Washington Post via Getty Images) How's this for a graduation present? Robert F. Smith, a billionaire investor and philanthropist, just gave the ultimate graduation gift to the Morehouse College Class of 2019: Smith said he will pay off each graduate's student loan debt - in full. Here's what you need to know. The Gift of All Gifts: Student Loan Forgiveness Smith has an estimated worth of $5 billion and is the founder and CEO of Vista Equity Partners, an investment firm focused on software, data and technology, and served as commencement speaker at Morehouse on Sunday. During his speech, he announced that his family would establish a grant to pay off student loan debt for all Morehouse graduates in the Class of 2019, which is approximately 400 students. The gift is estimated at about $40 million, and is in … [Read more...] about This Billionaire Just Pledged To Pay Off Everyone’s Student Loan Debt In The Morehouse Class of 2019

- A + A NEW YORK (May 27): World shares rose on Thursday and the U.S. dollar edged lower, a day after minutes from the U.S. Federal Reserve's May meeting indicated the central bank would remain flexible and might pause rate hikes later in the year. Wall Street closed higher with the three main U.S. indices positioned for their biggest weekly gains since mid-March. The MSCI's benchmark for global stocks was up 1.54% at 4:25 p.m. EDT (2025 GMT). Europe's pan-regional STOXX 600 equity benchmark index rose 0.78%, while the MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.02%. The Dow Jones Industrial Average rose 516.91 points, or 1.61%, to 32,637.19; the S&P 500 gained 79.11 points, or 1.99%, to 4,057.84; and the Nasdaq Composite added 305.91 points, or 2.68%, to 11,740.65. The three indexes were on track to snap their longest streak in decades of weekly declines. The minutes of the Fed's May meeting, released on Wednesday, showed a majority … [Read more...] about World shares climb, dollar falls on relief over Fed’s flexible stance

Major Moves The U.S. stock market has had a rough two weeks. Beginning on May 22, bearish pressure started to mount as crude oil prices started falling and stocks in the energy sector began to lose ground. By the next day (May 23), the bearishness had spread throughout the market, and the major indexes started pulling back. While many of the sectors in the S&P 500 have been moving in lock step with each other during these turbulent weeks, a few have stood out for either their out-performance or their under-performance. You can see how this has played out in the hourly sector-comparison chart below, which uses the following sector-based ETFs managed by State Street Global Advisors: Technology Select Sector SPDR Fund ( XLK ) Real Estate Select Sector SPDR Fund ( XLRE ) Consumer Staples Select Sector SPDR Fund ( XLP ) Consumer Discretionary Select Sector SPDR Fund ( XLY ) Health Care Select Sector SPDR Fund ( XLV ) Materials Select Sector SPDR Fund ( … [Read more...] about Can the FOMC Combat the Impact of Tariffs?

Delhi Capitals (DC) captain Rishabh Pant during an 2021 IPL match (Image courtesy: Twitter/@IPL, BCCI) Seeing the loss in their previous game as a blip, Virat Kohli-led Royal Challengers Bangalore (RCB) will have to be at their best to beat a formidable Delhi Capitals (DC) unit in the Indian Premier League (IPL) in Ahmedabad on April 27. While RCB will have to shrug off their 69-runs thrashing at the hands of Chennai Super Kings in their last game and start afresh, Delhi’s confidence would be boosted by their thrilling ’Super Over’ win against Sunrisers Hyderabad on April 25. Up against Delhi Capitals, RCB will need to address their middle-order woes, to return to winning ways, in what could be touted as a battle of equals. Read: RCB's Adam Zampa, Kane Richardson withdraw citing personal reasons For the RCB, it will be important that the openers- the in-form Devdutt Padikkal (171 runs) and Kohli (151 runs)- continue to provide a solid start at the Narendra Modi … [Read more...] about IPL 2021 | DC vs RCB: Delhi Capitals, Royal Challengers Bangalore look to outsmart each other in ‘battle of equals’

Share to Twitter Share to Linkedin The singing bowl rings out. It’s a deep, otherworldly sound that you feel within your soul. Then the music, or, rather, let’s call it a ‘soundscape’, slowly creeps out of the speakers to wash over you. You might make out a harp, you can definitely hear crashing waves. Perhaps there’s a distant whistle, voices… In truth, you won’t be sure what you are hearing. It doesn’t matter. It’s lyrical yet dark; uplifting yet moody. It’s the future of spa-ing. Coworth Park , part of the Dorchester Collection, found on the boundary of Windsor Great Park, made ‘waves’ of a different kind when it opened in 2010. Carved out of a mansion which dates back to 1776, it ramped up the typical country-house hotel offering with its refined dining, slick service (which remains heads above everyone else) and beautifully elegant rooms. No surprises there – after all, this is a Dorchester Hotel. Yet, it was The Spa that caught everyone’s … [Read more...] about Coworth Park X Ishga: Sound-Bathing In The Scottish Hebrides

PATONG: More than 400 workers in Patong’s entertainment industry gathered on Saturday at Loma Park to vent their anger over government proposals to restrict the opening hours of entertainment venues to the period from 6 pm to midnight. The change, if approved, is likely to go into effect March 1. Patong Entertainment Business Association (PEBA) president Somphet Moosopon urged the government to take into consideration Patong’s reliance on tourist income and called for the area to be declared a special entertainment district, exempting it from the proposed early closing. “Before, when Deputy Prime Minister Purachai Piemsomboon was Interior Minister, we accepted the government’s “Social Order” policy, which brought closing times forward from 4 am to 2 am,” he pointed out. He added that Deputy PM Purachai’s approach, which consisted of enforcing laws to keep minors out of nightclubs, was more realistic than closing them at midnight to everyone. “Today, we are informing everyone about the … [Read more...] about Patong protests early closings

Sixty percent of Americans are worried that automation is putting jobs at risk, and 39% think their own job will be obsolete within five years, according to PwC’s Hopes and Fears survey . New positions that may not exist today, however, will replace some of the jobs that will be lost to AI. But, if your job is at risk, it’s a good idea to have plan B in place now so you can seamlessly transition and stay relevant. advertisement advertisement “The only thing we can predict is the unpredictable,” says Scott Steinberg, author of Think Like a Futurist 2022: The Next Normal . “Things tend to move fast and change from week to week at this point, and there will be many next ‘normals.’ Even when many events are outside your ability to control, you can always steer things toward a more positive outcome.” The first thing is to gain situational awareness. It should raise major red flags if your job is easily reduced to a description on paper that anyone … [Read more...] about How to future-proof your job by thinking like a futurist

Ambition . It gets things done. Most Inc. readers have it. Some wish they had more. Many hide theirs. Too many, if you ask me. Like determination , resilience, self-awareness , and grit , among other properties, successful people have it and unsuccessful ones make excuses for lacking it. A panel of experts I recently attended a panel the Harlem WeWorks on ambition of successful, ambitious people who have accomplished a lot early in their careers. They include a TED resident, an award-winning Broadway dancer and actor, a Marvel artist, MakerBot's General Cousel, and the podcaster who brought them together. To call each an entrepreneur is an understatement. I asked each, after the panel: What was the most useful advice or insight on ambition that you shared at the event? What was the most useful advice or insight on ambition that you learned at the event? The Marvel artist Todd Wahnish, award-winning designer and … [Read more...] about How to Improve Your Ambition, From 5 Achievers

Share to Twitter Share to Linkedin Whether it’s a blazing hot day or a breezy one, there’s one item that will get you through the entire summer: A dress. No matter if you prefer mini or maxi, neutral or poppy prints, the perfect summer dress exists for everyone. “Those essential, elevated pieces are a must-have in her wardrobe to take her from day to night,” says Tara Rudes Dann , Fashion Director of L’Agence . One of the best things about a summer dress is it’s one simple piece and you’re done—all you need are accessories to complete the look, which can take dresses in any direction for every occasion. “It's effortless to put on a dress,” Dann says. “I feel like she's been looking forward to having this opportunity to have a selection of dresses that she can wear every day with her open toed shoe or even a bootie to have it be casual. Every season we love for her to always feel that she has the option of a dress, but summer is when she really gravitates … [Read more...] about The 7 Types Of Dresses Every Woman Needs In Her Closet This Summer

Share to Twitter Share to Linkedin There’s no argument that today’s cars, trucks, and SUVs are built and engineered far better than at any point since the days of the horseless carriage. The fact is, contemporary cars last far longer than they did in, say, the 1960s, when registering 100,000 miles was about the limit for most models. Today cars require less maintenance, yet can easily last for well over 200,000 miles. In fact, the average age of all vehicles on the road now stands at 12.2 years. That’s up by nearly two percent in the last 12 months, according to research conducted by S&P Global Mobility. That means the most typical ride you’ll see on the road today is likely to be a 2010 Ford F-Series pickup truck (the top selling vehicle in the U.S. over the past 30 years). And it’s a good thing cars have become long-distance runners, as the ongoing supply and demand imbalance has caused prices in both the new- and used-vehicle markets to skyrocket, … [Read more...] about Cars Are Running Longer, But Face Higher Repair Costs