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Outrag£ as a lady narrated how her partner she met in NYSC camp d¥mped his girlfriend of 7 years to marry her.

She said the lady that was d¥mped called her to be sure not was between them. Anyways, they go married last week.

This incidence angered some people as they felt was the lady did was wrong a karma will definitely visit her, sooner or later.

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Rapper Erigga has told men that When you finally become their type, make sure you u§e them very well.

He said dear kings, when you finally become their type, make sure you use dem very well.

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BBN’s Bella has revealed what’s considered a ‘big flex’ for her in this Gen Z era.

She said that feeling when you are in a doctors office and he asks if you sm%ke and you say no it’s a big Flex plus she also think it’s important for doctors to include “do you do drugs?” to their routine questions cause this our Gen z generation.

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Singer Kizz Daniel has said that If you want to breakup with him, you should pay him for all things he did for you, as he hinted that his marriage with his wife has cra§hed.

He added that he has no issue with anyone breaking up with him, as long has he will get back all his investment as pension, which included the airtime, gifts, the f¥ck and everything he has done, then you can leave.

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It’s been a good year for pension funds. While public pension funds still face pressure to resolve long-run funding shortfalls, a new study projected that in 2024, state and local government pension funds would net a solid average yearly return of 7.4% due to gains in artificial intelligence (AI) stocks.

A pension fund is an employer-sponsored retirement benefit plan that’s funded by governments, companies, or organizations like unions, and sometimes also employees. Those contributions are then invested in the financial markets. 

Whenever a pension fund has more liabilities, or benefits promised, than assets, it has a funding shortfall. The study by Equable, a nonprofit think tank that works with the public retirement system, found that the national shortfall in assets for public pension plans is expected to decrease to $1.34 trillion this year from $1.61 trillion in 2023. So despite strong returns performance this year, pension funds still face more than a $1 trillion debt.

“This is a welcome improvement, but it will require additional years of similar performance to break public plans out of their pension debt paralysis,” researchers wrote in the State of Pensions 2024 report from Equable.

The researchers attribute the overall increase in public pension debt that's led to underfunded plans, from 2000 to 2022, to three factors: better actuarial assumptions used to calculate benefits, underperforming investments, and interest on pension debt that's grown faster than employee contributions.

Growing debt is "why pension fund investment managers continue shifting assets toward high-risk, high-reward bets even as contribution rates continue to set historic highs,” said the report.

Since fiscal 2001, state and local pensions have increasingly shifted their portfolio allocation toward private capital, hedge funds, and real estate in an effort to boost investment returns, according to the Equable report. 

The study said government employers have had to increase their contribution rate to make up for the funding shortfalls as well. Between fiscal 2001 and fiscal 2024, government employer contributions increased more than threefold, from 9.30% of payroll to more than 31%.

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The Dow climbed to a record high in intraday trading Tuesday following several better-than-expected earnings reports, while the S&P 500 also gained, and the Nasdaq was slightly lower.

UnitedHealth Group (UNH) led gains on the Dow after the health insurance provider beat profit forecasts as it posted higher revenue from its Optum health care unit.

Shares of PNC Financial Services Group (PNC) also rose as the bank reported results that exceeded forecasts and gave a stronger full-year outlook for net interest income (NII).

Match Group (MTCH) shares took off after it was revealed activist investor Starboard Value has taken a 6.6% stake in the operator of online dating services, and is calling for the company to explore a sale.

Shares of firms in the housing sector, including Pultegroup (PHM), Builders FirstSource (BLDR), and Home Depot (HD), advanced amid rising optimism the Federal Reserve will cut interest rates this year, boosting home sales. 

Charles Schwab (SCHW) shares tumbled as the investment and stock trading provider said it would have to downsize to maintain profitability.

The price of gold rose to a record high, while oil futures fell. The yield on the 10-year Treasury note declined. The dollar was up on the euro, pound, and yen. Most major cryptocurrencies traded higher.

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