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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

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

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

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

20 Places in America That Are Getting Poorer

Economic changes over the past couple of years, particularly high inflation, have made many people feel poorer, but some cities in America really have faced dramatic financial shifts. While many...

2023-03-13T13:07:31Z

20 Small Towns in America With Red-Hot Real Estate Markets

The market isn't struggling everywhere — see the small towns where it's unstoppable.

2024-09-19T13:12:14Z

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

Google wins challenge against 1.49 billion euro EU antitrust fine

By Foo Yun Chee BRUSSELS (Reuters) - Alphabet unit Google won its challenge on Wednesday against a 1.49 billion euro ($1.66 billion) antitrust fine imposed five years ago for hindering rivals in online search advertising, a week after it lost a much bigger case. The European Commission in its 2019 decision said Google had abused its dominance to prevent websites from using brokers other than its

2024-09-18T09:00:38Z

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

Steve Cohen stops trading for hedge fund Point72, Bloomberg News reports

(Reuters) - Steve Cohen, billionaire and founder of hedge fund Point72 Asset Management, has stepped away from the trading floor and will focus on driving the firm's growth, Bloomberg News reported on Tuesday. Cohen, who remains as the hedge fund's co-chief investment officer along with Harry Schwefel, will invest his time in mentoring and developing talent, the report added, citing an emailed

2024-09-17T20:39:58Z

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

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

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

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

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

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

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

7 Sam’s Club Items Middle-Class Shoppers Need To Buy After Buying a House in 2024

The shortlist of items that middle-class shoppers need to buy after purchasing a home isn't exactly short when you think about it. Depending on how much or how little you already own, this shopping...

2024-09-19T15:16:06Z

25 Stars Who Shop at Costco, Target and Walmart

Stars, they're just like us. No, really they are ... in some ways. While you likely didn't have an elite hair and makeup team get you ready for work this morning, odds are you did make a point of...

2024-09-19T12:16:18Z

How to Plan by Age to Protect Your Finances From Chronic Illness

Decade by decade, build a life that plans for physical and financial well-being.

2024-09-19T14:11:47Z

Alaska Airlines, Hawaiian can close merger deal, DOT says

WASHINGTON (Reuters) - The U.S. Transportation Department said on Tuesday it had agreed to allow Alaska Airlines to close on its $1.9 billion acquisition of Hawaiian Airlines, after the carriers agreed to maintain key Hawaiian routes and adopt consumer protections. The Justice Department in August opted not to block the deal that was announced in December by Alaska, the fifth-largest domestic U.S

2024-09-17T18:49:51Z

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

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

8 Best Member’s Mark Items To Buy at Sam’s Club in September

Are there any Member's Mark items you should pick up during your next Sam's Club shopping run? The answer is yes. Ahead of the fall season, Sam's Club members will be able to save money on Member's...

2024-09-06T11:25:49Z

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

10 Beach Cities Where It’s Now Cheaper To Buy a Home

In an August 2024 report, Realtor.com found that some of the biggest housing markets in the United States have more homes for sale than they did last year. Since this generally translates to less...

2024-09-19T12:15:44Z

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

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

Is a Second Passport Hanging on Your Family Tree?

Here's how you could inherit citizenship from your ancestors.

2024-09-18T21:26:33Z

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

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

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

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

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

Canadian union, GM reach tentative agreement

(Reuters) - Canadian labor union Unifor said on Wednesday it has reached a tentative agreement with General Motors for workers at automakers' plant in Ingersoll, Ontario. Both parties had extended a deadline late on Tuesday for reaching a deal, and the Unifor Local 88 had previously said that 97% of its more-than-1,300 members were in favour of stopping work at the CAMI plant if a deal was not

2024-09-18T08:00:36Z

Australia's Harvey Norman served with class action over warranties

(Reuters) - Australia's biggest appliance retailer Harvey Norman and one of its units have been served with a class action lawsuit on behalf of consumers who were allegedly sold bad warranties, law firm Echo Law said on Wednesday. The class action is based on allegations that extended warranties sold by Harvey Norman offered "little or no value," because consumers were already guaranteed the same

2024-09-18T06:00:38Z

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

7 Name-Brand Items You Should Always Buy at Sam’s Club

There's no shortage of name brands members can shop for at Sam's Club. The warehouse club offers tons of name brands to shop with instant savings regularly available to help you save some extra money....

2024-09-19T11:15:33Z

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

24 Worst Big Cities To Live on Just a Social Security Check

Retirement is often a major adjustment and a formidable transition from working life. It's not only a big lifestyle change, it brings a substantial change in income. The average retirement-aged...

2022-04-27T11:39:07Z

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

10 Personal Finance Fads That Are Totally Buzzing Right Now

Could social media help you get a better handle on your financial goals?

2024-09-18T21:26:41Z

5 of the Worst Fast Foods for Your Health — and 5 That Aren’t so Terrible

Here are the best — and worst — options for your health at 24 chains.

2024-09-18T21:41:32Z

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

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

Microsoft and BlackRock to launch $30 billion fund for AI infrastructure

(Reuters) -BlackRock is planning to launch a more than $30 billion artificial intelligence investment fund with Microsoft to build data centers and energy projects to meet growing AI-related demands. MGX, the Abu Dhabi-backed investment company, will be a general partner in the fund, while AI chip firm Nvidia will provide expertise. (Reporting by Harshita Mary Varghese in Bengaluru; Editing by

2024-09-17T20:40:02Z

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

See What the Average American Family Takes Home After Taxes in Every State

"In this world, nothing is certain except death and taxes," Benjamin Franklin once famously said. All of these years later, he's still spot on. No matter how lucrative your job is, paying taxes is...

2024-02-22T12:19:58Z

Colombia government will not change proposed 2025 budget value, finance minister says

By Nelson Bocanegra BOGOTA (Reuters) - Colombia's government will not modify the value of 523 trillion pesos ($123.9 billion) for its proposed 2025 budget, Finance Minister Ricardo Bonilla said in an interview on Tuesday. Furthermore, if Congress does not approve a proposed fiscal reform, which it hopes will raise an additional 12 trillion pesos, the government will look to cut costs, he told

2024-09-17T21:40:08Z

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