Beverley Schottenstein was 93 years old when she decided to go to war with the biggest bank in the U.S. Her two financial advisers at JPMorgan, who oversaw more than $80 million for her, had run up big commissions putting her money in risky investments they weren’t telling her about. It was the latest red flag about the bankers. There had been missing account statements. Document shredding. Unexplained credit-card charges. Although some relatives urged Beverley not to make waves, she was resolute. What the money managers did was wrong, she told the group. They needed to pay, she said. Even though they were her own grandsons. Click the link in our bio to read the full story.
Reuters Investigation: Amazon has for years given preferential treatment to a small group of sellers in India, publicly misrepresented its ties with the sellers and used them to circumvent tough foreign investment rules, company documents show https://t.co/D24dg6eWu3
The energy crisis affecting Texas is reminiscent of Hurricane Katrina and some don’t realize how bad it truly is https://t.co/e5YY3jqXHa
Organizations need strong, visionary executives. But they also need people who can make their ideas applicable, even if it means steering them in another direction. https://t.co/tBELxiWXYM
Goldman Sachs — whose services are traditionally the preserve of wealthy clients — has launched an app for customers with as little as $1,000 to invest. Users of the service can put money into automated portfolios rather than individual stocks and bonds, according to the company. Goldman’s latest move into the mainstream expands its Marcus platform, which also offers a high-interest savings account. Link in bio for more.
Fun while it lasted? Elon Musk ends an almost six-week run as the world's richest person, after a decline in Tesla shares erased $4.6 billion from his fortune. Jeff Bezos, who previously held the title for more than three years, is back at No. 1 with a net worth of $191.2 billion, or $955 million more than Musk. But it may not be long before he gets outdone by Musk again: SpaceX, a rival to Bezos’s Blue Origin, has been in talks to raise funds that would significantly increase its valuation. Click the link in bio for more.
A five-bedroom apartment in this Hong Kong residential complex just sold for a record-breaking sum. Spanning 3,378 square feet (314 square meters), the flat costs more than $17,500 per square foot. Situated in the exclusive Mid-Levels neighborhood, the house comes with a private roof, swimming pool and three parking spaces. The previous record was held by a property in Hong Kong's Mount Nicholson in 2017. Link in bio for more.