Opening of the Trans Mountain Expansion Project to Tighten Canada Oil Discounts, RBC Capital Markets Says
While retiring with a $2 million nest egg might seem rare, it’s closer to what many Americans now believe they need to retire comfortably. A survey from Northwestern Mutual reveals that Americans feel they need $1.46 million for a comfortable retirement, a number that has surged by 53% since 2020. This dramatic increase, influenced by inflation and growing financial pressures, suggests that a $2 million target may not be as far-fetched as it appears, especially for someone who is 60 and plans to
The US oil giant Chevron has announced it will quit the North Sea after 55 years, the day after Jeremy Hunt turned down industry pleas for support at a private meeting.
Mike Cagney admitted that there were cultural "deficiencies" at SoFi when he was CEO—and how it was a wake-up call.
(Bloomberg) -- Shut out of US markets and under fire in Europe, China’s electric carmakers are zeroing in on the countries where they’re welcome. One of the big ones is Brazil.Most Read from BloombergUS Inflation Data Was Accidentally Released 30 Minutes EarlyWith a BlackRock CEO, $9 Trillion Vanguard Braces for TurbulencePutin and Xi Vow to Step Up Fight to Counter US ‘Containment’Jamie Dimon Sees ‘Lot of Inflationary Forces in Front of Us’Dow Average Touches 40,000 Before Pulling Back: Markets
Cathy, a 63-year-old clerical worker in Minnesota, fears she may never be able to fully retire, even though she's worked her entire life.
Ford Motor Co has asked its electric-vehicle suppliers to reduce costs in an attempt to support profitability, saying "everything is on the table," according to a company memo seen by Reuters. Discounts and sharp price cuts from competitors, including EV market leader Tesla, to sustain consumer demand amid high interest rates have forced Ford to reciprocate. "To ensure affordability, it is of paramount importance that our portfolio achieves further levels of material cost efficiency."
A New York Times (NYT) article recently sparked a discussion on Reddit about whether the shift from traditional pensions to 401(k) plans was a mistake. The debate captured a range of opinions reflecting the complexities of retirement savings in the U.S. The Reddit post highlighted key points from the NYT piece, noting that not all companies offer 401(k)s, which affects millions of private-sector employees. The post also noted that while 401(k)s are widely utilized, many people do not invest enou
These retirement savings rules can transform your strategy and set you up for success.
(Bloomberg) -- Applied Materials Inc., the largest US maker of chipmaking machinery, failed to impress investors with its latest forecast following a rally in the shares this year. Most Read from BloombergUS Inflation Data Was Accidentally Released 30 Minutes EarlyWith a BlackRock CEO, $9 Trillion Vanguard Braces for TurbulencePutin and Xi Vow to Step Up Fight to Counter US ‘Containment’Jamie Dimon Sees ‘Lot of Inflationary Forces in Front of Us’Dow Average Touches 40,000 Before Pulling Back: Ma
Tesla threatened to fire a law firm over Charles Elson’s objections to the CEO’s proposed pay package, an email suggests.