Princeton cuts long-term return target on $36 billion endowment, flags deeper spending curbs

Princeton University has reduced its long-term return assumption for its $36 billion endowment, citing changing market conditions and pressure in private equity investments. According to a report by the Financial Times, the university has lowered its expected annual return from 10.2 per cent to 8 per cent. Princeton’s president Christopher Eisgruber said even the revised…

Read More

1,000s stranded on Mumbai-Pune expressway for 32 hours after propylene gas tanker overturns | Pune News

PUNE: Thousands of commuters of all ages and backgrounds had a harrowing time for several hours as traffic on the Pune-Mumbai expressway was disrupted for at least 32 hours after a tanker carrying highly flammable propylene overturned near the Adoshi Tunnel on the Mumbai-bound carriageway around 4.45pm on Tuesday.The accident occurred around 50m ahead of…

Read More

Trouble brewing in machines for coffee chains?

MUMBAI: India’s coffeehouse chains are staring at a troubling brew. A higher customs duty on roasting, brewing and vending machines which is already in place now, will raise costs for companies, hitting their margins.Factor in the rupee depreciation and a wobbly coffee inflation and you have a perfect mix for stirring up a storm in…

Read More

“I had to leave my marriage”: Melinda French Gates hints at Bill Gates’ link to Jeffrey Epstein as the reason for her divorce |

Melinda French Gates (file photo) Author-philanthropist Melinda French Gates’ voice trembled just a little on the NPR podcast, Wild Card with Rachel Martin, as she faced the elephant in the room. New Jeffrey Epstein files had just dropped, dragging her ex-husband, billionaire, philanthropist, and Microsoft co-founder Bill Gates, back into the spotlight and reopening wounds…

Read More