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Damircudic | E+ | Getty ImagesCash may seem like a safe parking space for your money. But holding too much can hurt savers over the long term — especially if it comes at the expense of owning stocks, the growth engine of a portfolio. “Cash can feel safe, but it doesn’t grow your wealth,” Gargi Chaudhuri, chief investment and portfolio strategist, Americas, at BlackRock, an asset manager, wrote this month in an investment commentary.Why? While cash is insulated from the whipsawing nature of stocks, it’s at risk due to a more insidious threat: inflation. More from Financial Advisor Playbook:Here’s a look…

Middlesbrough have announced the appointment of new boss Kim Hellberg to replace Rob Edwards, while Swansea have brought in Vitor Matos as their new head coach.Thirty-seven-year-old Hellberg is one of the most highly regarded young coaches from Scandinavia having led Hammarby for the last two years. He replaces Edwards, who contentiously left the Riverside Stadium for Wolves earlier this month. Twitter This content is provided by Twitter, which may be using cookies and other technologies. To show you this content, we need your permission to use cookies. You can use the buttons below to amend your preferences to enable Twitter…

Check out the companies making the biggest moves in premarket trading: Novo Nordisk — Shares tumbled 10% after the Danish pharmaceutical company’s trial for Alzheimer’s disease failed to meet its main goal of slowing the disease’s progression. Tesla — CEO Elon Musk said on X that the company is close to finalizing its latest artificial-intelligence chip, A15, and is starting work on A16, sending the stock 2% higher. Musk said Tesla’s goal is to bring a new AI chip design to volume production every 12 months. Alphabet — The tech giant gained 3.5%. Alphabet was the only “Magnificent Seven” stock…

PORTLAND, Maine (AP) — An energy company has received the final permit it needs from Maine to build a controversial hydropower transmission line project that promises to power hundreds of thousands of homes in Massachusetts.The project is slated to supply up to 1,200 megawatts of Canadian hydropower to the New England power grid. Maine voters rejected the project in a 2021 referendum after opponents ran a campaign alleging it would destroy woodlands in the state.A jury ruled in 2023 that developers had a constitutional right to proceed. Avangrid Inc., the power company behind the project, received the final permit it…

WASHINGTON (AP) — A federal judge on Monday dismissed the criminal cases against former FBI Director James Comey and New York Attorney General Letitia James, concluding that the prosecutor who brought the charges at President Donald Trump’s urging was illegally appointed by the Justice Department.The rulings from U.S. District Judge Cameron McGowan Currie halt at least for now a pair of prosecutions that had hastened concerns that the Justice Department was being weaponized to pursue the president’s political adversaries and amount to a stunning rebuke of the Trump administration’s legal maneuvering to install a loyal, and inexperienced, prosecutor willing to…

HARRISBURG, Pa. (AP) — Pennsylvania Gov. Josh Shapiro and leaders of Philadelphia’s mass transit agency said Monday that the system is fully complying with federal orders to take measures to help prevent fires in an aging electric railcar model that is heavily used in its regional rail fleet.The October order from the Federal Railroad Administration came after federal transportation authorities investigated five fires this year involving the Silverliner IV passenger railcars used by the Southeastern Pennsylvania Transportation Authority, or SEPTA.Shapiro, a Democrat, said he is sending an extra $220 million in state aid to SEPTA to help it comply with…

BOGOTA, Colombia (AP) — Immigration authorities in Colombia have taken 17 children into protective custody after they were rescued from an ultra-Orthodox Jewish sect whose members have been accused of sexually abusing and kidnapping minors in several countries.Gloria Esperanza Arriero, the director of Colombia’s national immigration service, told The Associated Press on Monday that her agency questioned nine members of the Lev Tahor sector during a hotel inspection Sunday.“We will likely deport them,” Arriero said, “because there are no arrest orders for them in Colombia.”She said that the group of 17 children and nine adults arrived in Colombia during the…

Turkish President Recep Tayyip Erdogan (not seen) and the President of Ukraine Volodymyr Zelenskyy speak during a joint press conference after their official meeting at the Presidential Complex in Ankara, Turkiye on November 19, 2025.Anadolu | Anadolu | Getty ImagesUkrainian officials have spent the weekend scrambling to make up lost ground when it comes to talks with the U.S. over a peace plan to end the war with Russia, with Kyiv having to tread a fine line between showing the U.S. it’s willing to engage in discussions, while anxious to safeguard its sovereignty and territorial integrity.Talks between U.S. and Ukrainian…

Luis Alvarez | Digitalvision | Getty ImagesAs December approaches, some older Americans must soon take required withdrawals from retirement accounts — and mistakes can be costly, according to financial experts. Starting at age 73, most retirees must start required minimum distributions, or RMDs, from pretax accounts, based on your balances, age and an IRS “life expectancy factor.” Your first RMD is due by April 1 of the year after turning 73, and Dec. 31 is the deadline for future withdrawals. Waiting until April 1 after turning 73 means you would need two RMDs that year. Read more CNBC personal finance coverageMillions…

Rangers have sacked chief executive Patrick Stewart and sporting director Kevin Thelwell.The duo had come under pressure in recent months following a difficult start to the season, while questions were also raised over a number of summer signings. In June, Stewart and Thelwell appointed Russell Martin as head coach, but the club were forced to sack him after just 123 days – making him the shortest-serving boss in Rangers’ 153-year history. Image: Fans had protested against Stewart, Thelwell and former boss Russell Martin Thelwell also led Rangers’ summer recruitment drive, sanctioning a deal worth up to £10m for Youssef Chermiti,…