The 60/40 portfolio ‘certainly isn’t dead,’ says senior wealth advisor

Cravetiger | Moment | Getty ImagesThe 60/40 portfolio — a cornerstone strategy for the average investor — has been stressed by the pandemic-era economy and market dynamics.However, "the 60/40 portfolio certainly isn't dead," Holly Newman Kroft, managing director and senior wealth advisor at asset manager Neuberger Berman, said Thursday...

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Block acquires music financial services startup Hifi

Block, the Jack Dorsey-founded fintech company previously known as Square, has acquired Hifi, a music-focused fintech startup. Hifi founder and CEO Damian Manning announced the news in a LinkedIn post yesterday. The company also updated its website, which states that it’s joining Block to “further our shared purpose of economic...

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Viasat won’t replace damaged Americas satellite, improves financial targets

A long-exposure photo shows a trail left by SpaceX's Falcon Heavy rocket while launching the ViaSat-3 Americas satellite from Florida on April 30, 2023.ViasatViasat shares rose on Thursday after the company said it expects to meet financial growth targets earlier than expected and that it won't need to replace...

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