News That Matters

Tag: $200

My 21-year-old sister is saving $200 a month for retirement. Here’s how much she’ll have at 65

My 21-year-old sister is saving $200 a month for retirement. Here’s how much she’ll have at 65

Finance
My 21-year-old sister, Janna McPartland, has a lot on her mind.Graduating from college. Finding a job. Dire predictions about global warming. The other day, I asked her how she was doing. "The planet is dying," she said.I was surprised, then, when she showed eagerness recently in starting to save for her retirement. I'd been nagging her to do that since I was hired as a personal finance writer at CNBC. My reporting has taught me a simple but powerful lesson: The earlier one starts saving, the easier it is to do.It's not just my professional experience that made me a nag. I've seen my mother, now in her late 60s, suffer the consequences of not saving. It's a painful reality. I don't want to see anyone else I love go through it.Janna McPartlandSource: Janna McPartlandAs a senior in college, ...
The volatility in stocks right now is 'abnormal,' says manager of $200 billion pension fund

The volatility in stocks right now is 'abnormal,' says manager of $200 billion pension fund

Finance
Investors should be careful as the recent spike in market volatility is far from normal, according to the manager of the California State Teachers' Retirement System, which has more than $ 200 billion in assets. "The last few days have been abnormal volatility," Christopher Ailman, chief investment officer at CalSTRS, told CNBC during a special aired Thursday night. "The volatility we saw earlier in October and November, I went on and said that was expected. That's typical when you have a bull market that's so old and so late in the economic cycle. But the last few days are abnormal because the machines are really picking over more than human beings." ...
Up to 200% returns! MFs raised stakes in 10 stocks for 8 quarters in a row

Up to 200% returns! MFs raised stakes in 10 stocks for 8 quarters in a row

Finance
NEW DELHI: Strong flows into mutual funds (MFs) have been among the key reasons why the domestic market has stood tall over the last two years. The flows have not only countered foreign outflows in challenging times, but have also lifted many midcap and smallcap stocks during the period. There are at least 10 small and micap stocks where mutual funds raised their stakes in eight consecutive quarters now, data compiled from database Capitaline showed. Among them is Tata Chemicals, which turned 179 on March 3. Mutual funds held 24.58 per cent stake in this Tata group firm as of December 31, 2017 from 11.27 per cent at the end of December quarter of 2015. Domestic funds have incrementally raised their stake in this firm in last eight quarters. The company came out with several initi...
KKR to invest $200 million for 49% in Radiant Life Care

KKR to invest $200 million for 49% in Radiant Life Care

Finance
MUMBAI: KKR, one of the largest PE investors in the world, signed a definitive agreement on Monday to invest $ 200 million for a 49% stake in Radiant Life Care. ET was the first to report the deal on June 2. Radiant Life Care, which runs two hospitals in New Delhi and Mumbai, is looking at consolidating the fragmented industry through acquisitions. KKR had earlier lent Rs 450 crore to the company. "KKR’s investment in Radiant continues the firm’s partnership, as it has previously extended financing to Radiant to support the company’s growth. KKR makes the proposed investment from its KKR Asian Fund III," the fund said in a release. "KKR has more than two decades of experience in investing and working alongside healthcare companies. With their expertise, we look forward to expand our b