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Ray Dalio names the top five forces shaping the global economy

Speaking at the Milken Institute's Asia Summit in Singapore, the founder of Bridgewater Associates said the five factors are interrelated and often cyclical.

2024-09-18T03:49:52Z

Broker First Horizon to pay fine to settle US SEC charges, regulator says

NEW YORK (Reuters) - Broker-dealer First Horizon Advisors, Inc has agreed to pay a civil penalty of $325,000 in connection with its recommendations for certain products, the U.S. Securities and Exchange Commission said in a statement on Wednesday. The SEC found First Horizon failed to maintain and enforce policies and procedures reasonably designed to achieve compliance with Regulation Best

2024-09-18T14:00:56Z

China's economy is going through a 'slow, painful, grinding adjustment,' analyst says

Beijing's economic outlook for the second half of the year is now "flashing red, or pretty close to red," said Eswar Prasad, professor of international trade and economics at Cornell University.

2024-09-16T08:03:11Z

Women in tech groups 'can’t run on inspiration alone'

Groups supporting women in science, technology, engineering and maths are struggling for funds.

2024-09-15T23:39:21Z

22 Rich and Famous People Who Won’t Give Their Riches to Their Kids

These billionaires and millionaires have made a very public decision about the future of their estates.

2024-09-19T20:12:50Z

Fed (finally) joins a global rate-cutting cycle

By Naomi Rovnick and Dhara Ranasinghe LONDON (Reuters) - The U.S. Federal Reserve has joined a global easing cycle with a larger-than-anticipated half-point interest rate reduction. Seven of the 10 big developed-market central banks tracked by Reuters have now started easing policy. Japan is the outlier, as it starts to lift its rates from ultra-low levels. Here's where major rate-setters stand

2024-09-19T13:02:01Z

Boeing to temporarily furlough tens of thousands of employees

By David Shepardson (Reuters) -Boeing said on Wednesday the planemaker will temporarily furlough tens of thousands of employees after about 30,000 machinists went on strike on Friday, halting production of its 737 MAX and other airplanes. "We are initiating temporary furloughs over the coming days that will impact a large number of US-based executives, managers and employees," CEO Kelly Ortberg

2024-09-18T16:51:06Z

Lucrative Skills to up Your Earning Potential — and Where to Learn Them

The right skills can help you keep your job and earn more.

2024-09-19T20:12:12Z

10 Billionaires Most Likely to Become the World’s First Trillionaire

Can you guess which billionaire is most likely to achieve trillionaire status before the rest?

2024-09-19T19:26:53Z

EU antitrust regulators tell Apple how to comply with tech rules

BRUSSELS (Reuters) - EU antitrust regulators on Thursday launched proceedings to ensure that Apple complies with landmark rules requiring it to open up its closed ecosystem to rivals. Under the so-called specification proceedings, the European Commission will spell out what Apple has to do to abide by the Digital Markets Act. "The first proceeding focuses on several iOS connectivity features and

2024-09-19T09:56:47Z

US bank stocks rise as jumbo rate cut eases credit risk, cost concerns

By Niket Nishant and Manya Saini (Reuters) -U.S. bank stocks rose on Thursday, a day after the Federal Reserve cut interest rates by 50 basis points, which is expected to reduce deposit costs and alleviate pressure on borrowers. Elevated interest rates have weighed on loan growth and consumer spending this year, while also increasing fears of borrowers defaulting on their loans. Commercial real

2024-09-19T14:07:06Z

Stocks shine, Treasury yields rise as rate cut stokes risk appetite

By Isla Binnie NEW YORK (Reuters) - Wall Street indexes marched past previous record highs after global counterparts booked gains and longer-dated Treasury yields rose on Thursday as the start of the Federal Reserve's first interest rate cutting cycle in more than four years whet investors' risk appetite. With a larger-than-usual move on Wednesday, the U.S. central bank turned the page on more

2024-09-19T20:12:21Z

50 Frugal Habits That Aren’t Worth the Money You Save

Whether you're saving up for that big purchase, spending less to pay off debt or just frugal by nature, there are plenty of ways to save money. However, some money-saving measures are just not worth...

2021-11-17T23:11:07Z

FedEx reports drop in quarterly earnings on lower demand for priority services

(Reuters) - FedEx reported a lower first-quarter profit on Thursday as demand in the package industry remained muted, especially for priority services. The company reported first-quarter earnings of $3.60 per share, compared with $4.55 per share a year earlier. (Reporting by Lisa Baertlein in Los Angeles and Ananta Agarwal in Bengaluru; Editing by Shounak Dasgupta)

2024-09-19T20:12:16Z

Food companies Ajinomoto and Danone launch partnership to cut dairy industry's CO2 emissions

(Reuters) - Food companies Ajinomoto and Danone unveiled on Thursday a partnership to reduce the dairy industry's greenhouse gas emissions. WHY IT MATTERS: Livestock is a major source of methane emissions, often from manure and the routine bodily functions of animals such as cows' belching, according to the United Nations Food and Agriculture Organization. Furthermore, leading global companies

2024-09-19T13:01:55Z

Target names PepsiCo executive Jim Lee as CFO

(Reuters) -U.S. retailer Target on Thursday named long-time PepsiCo executive Jim Lee as its chief financial officer effective Sept. 22. Lee succeeds Michael Fiddelke, who was appointed as the company's chief operating officer early this year after serving as its finance chief since late 2019. Lee has more than 25 years of financial, strategy and business experience and was most recently

2024-09-19T11:56:54Z

Alaska CEO sees 'significant improvement' at Boeing after door plug incident

(Reuters) - Alaska Airlines CEO Ben Minicucci said the airline has seen "significant improvement" at troubled planemaker Boeing in recent months after a door plug missing key bolts blew off one of the carrier's new 737 MAX 9 jets at 16,000 feet in January. "We saw a lot of significant improvement in the last few months," Minicucci said in an interview, adding he spoke recently to new Boeing CEO

2024-09-18T14:00:55Z

How Long It Will Take To Save For a Down Payment in 50 US Cities

Saving up for a down payment can be a financial hurdle for prospective homebuyers, particularly in large cities where home prices are far outpacing wages. Even in the most affordable cities, it would...

2024-05-02T14:09:46Z

Nike names company veteran Elliott Hill as new CEO; John Donahoe to retire

By Juveria Tabassum (Reuters) -Nike said on Thursday that former senior executive Elliott Hill will rejoin the company to succeed John Donahoe as president and CEO, as the sportswear giant shakes up its top rank amid efforts to revive sales and battle rising competition. The company's shares were up 9% in extended trading. Hill was at Nike for 32 years and held senior leadership positions

2024-09-19T21:12:21Z

Mexican-American media company TelevisaUnivision to replace Wade Davis as CEO

MEXICO CITY (Reuters) - The chief executive of TelevisaUnivision, a Mexican-American media company that combines content from two of the largest Spanish-language broadcasters, will be replaced, according to two sources with knowledge of the plan, with the shake up expected as soon as Wednesday evening. Davis, who had been CEO since the joint venture was formed in 2021, will likely be succeeded by

2024-09-18T22:21:15Z

Analysis-China to ramp up policy steps to revive economy but no 'bazooka' stimulus seen

By Kevin Yao BEIJING (Reuters) - Chinese policymakers will likely step up measures to at least help the economy meet an increasingly challenging growth target for 2024, analysts and policy advisers say, with a sharper focus on boosting demand to fight persistent deflationary pressures. Official data showed the world's second-largest economy slowed broadly in August, fuelling expectations for

2024-09-19T05:56:39Z

Boeing furloughs thousands as it hunkers down for extended strike

By David Shepardson and Allison Lampert (Reuters) -Boeing said on Wednesday it will temporarily furlough tens of thousands of employees after about 30,000 machinists went on strike on Friday, halting production of its 737 MAX and other airplanes. "We are initiating temporary furloughs over the coming days that will impact a large number of US-based executives, managers and employees," CEO Kelly

2024-09-18T22:21:15Z

Boeing furloughs thousands as no progress made to resolve strike

By David Shepardson and Allison Lampert (Reuters) -Boeing said on Wednesday it will temporarily furlough tens of thousands of employees after about 30,000 machinists went on strike on Friday, halting production of its best-selling 737 MAX and other airplanes. "We are initiating temporary furloughs over the coming days that will impact a large number of US-based executives, managers and employees

2024-09-19T03:56:33Z

Boeing suspends jobs for thousands after strike

Boeing says it is suspending jobs for thousands of staff in the US due to a worker strike.

2024-09-18T17:39:55Z

Target names Jim Lee as CFO

(Reuters) - U.S. retailer Target on Thursday named Jim Lee as its chief financial officer effective Sept. 22. Lee succeeds Michael Fiddelke, who took on the role as operations head at the start of the year. Lee has more than 25 years of financial, strategy and business experience at PepsiCo , Target said, adding that he will oversee its financial planning and analysis, finance capabilities,

2024-09-19T10:56:50Z

8 Luxury Items at Nordstrom Rack Millennials Need To Buy Ahead of Fall

The youngest millennials turn 28 this year while the eldest millennials are 43, according to Beresford Research. As such, their shopping needs have a sophisticated slant ahead of the fall 2024 season....

2024-09-05T13:25:27Z

UAW members at Ford's River Rouge tool and die unit set strike deadline

(Reuters) - The United Auto Workers (UAW) union said on Wednesday it has set a strike deadline at Ford's tool and die unit in the River Rouge Complex over local contract issues. Ford's Rouge Complex - which employs about 6,000 - has more than 500 workers in the tool and die unit, according to a union official. The union said it will go on strike on Sept. 26 if local contract issues are not

2024-09-18T22:21:16Z

Will the U.S. elections impact crypto markets? Insiders weigh in

Crypto insiders on Wednesday downplayed the importance of of the U.S. presidential race on the market at the annual TOKEN2049 event in Singapore.

2024-09-18T11:35:15Z

Which Political Party Is Better for Stock Market Returns?

An analysis of the numbers going back to 1937 shows which scenarios have resulted in the biggest market gains.

2024-09-19T19:56:45Z

AMC, Regal and other US chains plan $2.2 billion in theater upgrades

LOS ANGELES (Reuters) - The largest theater chains including AMC Entertainment, Regal Cinemas and Cinemark will invest more than $2.2 billion over the next three years to upgrade theaters in the U.S. and Canada, an industry group announced on Thursday. Improvements will be made by the eight biggest theater chains in the region, representing over 21,000 screens and 67% of box office sales,

2024-09-19T15:07:00Z

Factbox-Airlines suspend flights as Middle East tensions rise

(Reuters) - Concerns over a wider conflict in the Middle East have prompted international airlines to suspend flights to the region or to avoid affected air space. Below are some of the airlines that have adjusted services to and from the region: AIR ALGERIE The Algerian airline suspended flights to and from Lebanon until further notice. AIRBALTIC Latvia's airBaltic plans to resume flights

2024-09-19T20:12:19Z

Explainer-ECB's role in any UniCredit and Commerzbank combination

FRANKFURT (Reuters) - UniCredit, Italy's second-largest bank, has taken a 9% stake in Germany's Commerzbank and is seeking permission to potentially raise this to 29.9%, sources told Reuters, while saying it would be open to a full takeover bid. For UniCredit to raise its Commerzbank stake above 10% will, however, need approval from the European Central Bank, the supervisor of the euro zone's

2024-09-19T17:12:15Z

2 Travel Fees That Are About to Increase — and 2 That Are Cheaper

The fee for one popular travel program will more than double this fall.

2024-09-19T20:12:12Z

T-Mobile expects adjusted free cash flow between $18 billion and $19 billion in 2027

(Reuters) - Telecom operator T-Mobile said on Wednesday it expects adjusted free cash flow to be between $18 billion to $19 billion in 2027. The company expects to add 12 million 5G broadband customers by 2028, CEO Mike Sievert said at T-Mobile's Capital Markets Day. T-Mobile, one of the top three carriers in the U.S., has seen increased adoption for its premium plans that offer streaming

2024-09-18T18:41:09Z

Nikkei falls over 1% as yen strengthens; Asia markets trade mixed ahead of Fed meeting

Investors in Asia await the Fed meeting beginning Tuesday stateside as markets debate the size of the central bank's expected rate cut.

2024-09-16T23:58:54Z

Fed's next rate cut will be smaller, traders bet

(Reuters) - Traders on Thursday added to bets the U.S. Federal Reserve's next rate cut will be smaller than the one it delivered on Wednesday, after economic data showed an unexpected drop in unemployment insurance claims. Interest-rate futures contracts now price in about a 30% chance that the Fed, which cut rates by half a percentage point on Wednesday, will deliver a second cut of the same

2024-09-19T13:01:53Z

How You Can Stay Sharper Than Ever and Defy Aging With Confidence

Getting older doesn't have to mean cognitive decline.

2024-09-19T20:26:52Z

Insurer AIG names Keith Walsh as finance chief

(Reuters) -Insurer American International Group named industry veteran Keith Walsh as its executive vice president and chief financial officer on Wednesday, effective Oct. 21 this year. Walsh has over two decades of experience in finance leadership and had earlier served as the CFO of Marsh, a unit of Marsh McLennan. He had also worked as an equity research analyst at Citi for 14 years, where he

2024-09-18T23:16:16Z

Oil stares at a bleak future as China's economy sputters. The good news: A market 'bust' is unlikely

Lower oil prices were the dominant theme in Asia's largest oil conference. The question was not whether oil will go lower, but mostly by how much will it decline in the coming years.

2024-09-18T00:50:14Z

6 Aldi Items Retirees Should Stock Up on Before Winter Hits

Aldi offers affordable, high-quality products tailored for winter, helping retirees stay cozy indoors and safe outdoors. With reduced mobility and fewer outdoor activities, having the right essentials...

2024-09-19T20:30:50Z

30 Cities Where the Middle Class Is Thriving

The American middle class is often depicted as a kind of mythical economic group living in perfect financial balance. The middle class continues to shrink in much of the country amid recent economic...

2023-04-03T11:17:53Z

China says will negotiate 'until the last minute' on EU EV probe

HONG KONG (Reuters) -China's commerce minister said on Wednesday that Beijing will continue to negotiate "until the last minute" on the European Union's electric vehicle probe, with the investigation undermining confidence of Chinese companies investing in Europe. Wang Wentao was speaking in Brussels at a China-Europe Electric Vehicles event where around 30 top executives of Chinese and European

2024-09-19T01:06:21Z

Richest ZIP Codes in Every State

Whether you’re looking to move, settle down, retire or just want to admire mega-mansions, here's where the richest ZIP codes across the nation are located.

2024-02-22T13:21:06Z

8 Best Halloween Items at Home Depot That Can Be Reused Next Year

Halloween is in a little over a month, so now's a good time to go shopping for decor, candy, costumes and anything else you need for a good time. While some things (like candy) have a very clear...

2024-09-19T13:30:47Z

Marriott CEO says company watching if slowdown in travel spending was 'just a blip'

By Doyinsola Oladipo NEW YORK (Reuters) - Marriott International's Chief Executive Officer Anthony Capuano said on Wednesday that the company is watching to see if higher-end consumers will continue to pull back their travel spending in the third quarter. High-income consumers continue to prioritize travel, but the company in the second-quarter saw a small pullback on ancillary spending such as

2024-09-18T19:36:12Z

Hedge fund Two Sigma in settlement talks with US SEC, WSJ reports

(Reuters) - Hedge fund Two Sigma is likely to have to pay as much as $100 million to resolve a U.S. Securities and Exchange Commission probe into a trading scandal at the firm, the Wall Street Journal reported on Thursday. The U.S. hedge fund is likely to be held accountable for how it oversaw an ex-employee at the center of the misconduct, which led to hundreds of millions of dollars in

2024-09-19T17:12:05Z

Insurer AIG names Keith Walsh as CFO

(Reuters) -Insurer American International Group named industry veteran Keith Walsh as its chief financial officer, effective Oct. 21 this year. Walsh has over two decades of experience in finance leadership and had earlier served as the CFO of Marsh, a unit at Marsh McLennan. Earlier, he worked as an equity research analyst at Citi for 14 years, covering the insurance sector. Insurers have

2024-09-18T22:26:15Z

7 Pantry Items To Buy at Trader Joe’s This Fall

Every trip to Trader Joe's is an adventure to discover what new items have dropped and which favorites are still in stock. And since it's fall, you'll find apple, maple, and of course, pumpkin...

2024-09-19T19:30:34Z

US homebuilder Lennar posts bigger Q3 profit on higher home deliveries

(Reuters) -Lennar Corp posted a higher third-quarter profit on Thursday, compared with a year earlier, as a historically low housing supply kept demand strong, with declining fixed mortgage rates luring in more skittish buyers to the market. With the popular 30-year fixed mortgage rates having declined to about 6.1%, compared with a high of 8% months ago, previously skittish buyers are returning

2024-09-19T21:12:19Z

15 Best Places in Texas for a Couple To Retire With Just $100K in Savings

A comfortable retirement can cost upward of hundreds of thousands of dollars, or even millions, for retirees in many cities throughout the United States. However, this is not true of every U.S. city...

2024-05-02T14:09:46Z