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Fidelity Investments’ first-quarter data puts the average balance in employer-sponsored 401(k) retirement plans for savers aged 50 to 54 at $215,700. That figure covers 25.6 million participants across 26,800 employer-sponsored plans. It also falls $234,300 Read more…
Seth Klarman’s latest portfolio sends a powerful message to an investor whose reputation was built on buying with a “margin of safety.” When he discovers something he likes, he’s willing to make it matter. Klarman’s Read more…
A major restaurant company is continuing to trim its footprint as it works to strengthen some of its biggest brands, with more closures ahead. The latest shutdowns come as the company navigates a broader turnaround Read more…