California’s contributions to the California State Teachers’ Retirement System are projected to almost triple in less than a decade and may increase even more due to low investment returns and the cost of benefits enhanced in boom times.
Persado CEO Alex Vratskides could raise venture funding. He’s just not sure he wants to.
His New York-based startup doubled annual revenue this year and is on track to break even in 2017. Valued at about $200 million in April, the marketing automation company counts Bain Capital and Goldman Sachs among its backers — a source of validation in the eyes of many venture investors.
Wells Fargo’s attempt to force aggrieved customers into closed-door arbitration over its fake-accounts scandal is drawing a legislative backlash in its home state of California and risks subjecting the bank to another round as a public punching bag.
California Treasurer John Chiang’s decision to ban Wells Fargo & Co. from underwriting state debt isn’t interfering with demand for the securities of the municipal market’s biggest issuer.
Girls on the Run of Greater Sacramento is an afterschool positive youth development program that inspires girls to be joyful, healthy and confident, using a fun, experience-based curriculum that creatively integrates running
For more and more investors and would-be funders, nonprofits need to have more than a worthy cause and a compelling mission: They need a plan. Specifically, they’re now being asked to showcase the same mindset that’s required of for-profit organizations, meaning that spreadsheets, metrics and core competencies can matter just as much as pulling the heartstrings.
Ann Thompson, a regional sales executive for Bank of America, knows that the surest route into the hearts and minds of millennials is through their hands — not hand-holding, but talking to them through technology. “They want to be self-served and want things convenient,” Thompson says. “So, we have to reach them through that thing they hold in their hands, a smartphone.”
Millennials are the cusp of their prime spending years. But will they spend those dollars on home ownership?
Between the day-to-day demands of life, and fiscal responsibilities (like budgeting) necessary for retirement preparation, sometimes important aspects of planning for the future get overlooked. It’s not uncommon for someone to have spent their entire career with an eye toward their post-work life, only to retire and wonder, what am I going to do now?
The Golden State is losing its luster to municipal-bond buyers, such as American International Group and Principal Global Investors. Following a five-year run when California bonds outperformed the $3.7 trillion municipal market, investors are starting to retreat: They’re demanding the highest yields in 16 months to own the state’s 10-year securities instead of benchmark debt. The shift is threatening the rally ignited by a wave of good financial news that’s led to eight upgrades to its credit rating since the end of the recession.