In this article GM Follow your favorite stocksCREATE FREE ACCOUNT A Cruise vehicle in San Francisco on Feb. 2, 2022. David Paul Morris | Bloomberg | Getty Images DETROIT – General Motors’ Cruise autonomous vehicle unit on Tuesday announced former Amazon and Microsoft executive Marc Whitten as its new CEO. Whitten was a founding engineer
Month: June 2024
Prince Constantijn is special envoy to Techleap, a Dutch startup accelerator. Patrick Van Katwijk | Getty Images AMSTERDAM — Europe is at risk of falling behind the U.S. and China on artificial intelligence as it focuses on regulating the technology, according to Prince Constantijn of the Netherlands. “Our ambition seems to be limited to being
Morsa Images | Digitalvision | Getty Images It’s no secret that many college graduates are struggling with student loan debt. Still, many borrowers aren’t talking about their loans with their significant other. Nearly 1 in 5 student loan borrowers in the U.S. — or 19% — say they are hiding their loan balance from their
Have you ever imagined living under the Tuscan sun? If so, your dream could become a reality—thanks to a new initiative by this pretty region of Italy that is offering financial incentives to people willing to move to its charming, less-populated towns. With the program, “Residenzialità in Montagna 2024” (Residentiality in the Mountains 2024), Tuscany
In this article RIVN VOW3-DE Follow your favorite stocksCREATE FREE ACCOUNT Workers assemble second-generation R1 vehicles at electric automaker Rivian’s manufacturing facility in Normal, Illinois, on June 21, 2024. Joel Angel Juarez | Reuters Volkswagen Group plans to invest up to $5 billion in electric vehicle startup Rivian, starting with an initial investment of $1
In this article FDX Follow your favorite stocksCREATE FREE ACCOUNT A pedestrian walks by a parked FedEx delivery truck on March 21, 2024 in San Francisco, California. Justin Sullivan | Getty Images FedEx shares soared more than 15% after hours Tuesday after the company reported results that topped analysts’ estimates in both earnings and revenue.
A bank employee count China’s renminbi (RMB) or yuan notes next to U.S. dollar notes at a Kasikornbank in Bangkok, Thailand, January 26, 2023. Athit Perawongmetha | Reuters DALIAN, China — For China’s yuan to be used more globally, the currency needs more “applications” such as for stocks and bonds, Bonnie Chan, CEO of Hong
Hispanolistic | E+ | Getty Images A retirement savings crisis is looming for people who have 401(k) plans and other retirement balances woefully short of what they will need to live on. But some workers — called “super savers” — are managing to successfully grow their retirement nest eggs. Super savers are workers who are
In this article GM TM STLA TSLA Follow your favorite stocksCREATE FREE ACCOUNT Cars sit on a Chevrolet dealership’s lot on June 20, 2024 in Chicago, Illinois. A cyber attack on CDK Global, a software provider that helps dealerships manage sales and service, has crippled the workflow at approximately 15,000 dealerships across the United States
Shapecharge | E+ | Getty Images Fewer Americans are buying life insurance than in the past, which suggests households may be at financial risk in the event of an unexpected death, experts said. About half, 52%, of consumers had a life insurance policy in January 2023, down from 63% in 2011, according to a poll
Vladimir Vladimirov | E+ | Getty Images If you’re nearing retirement with a large pre-tax 401(k) plan or individual retirement account balance, you need a plan for managing future levies, financial experts say. Great savers could face a “tax time bomb” in retirement when required withdrawals kick in, said certified financial planner Scott Bishop, partner
In Disney and Pixar’s “Inside Out 2,” Riley’s Sense of Self is made up of all of her beliefs, each of which can be heard with the pluck of a string. Sadness (voice of Phyllis Smith) and Joy (voice of Amy Poehler) deliver key memories to this formative land. Disney | Pixar Disney and Pixar’s
Cisco established operations in China in 1994. Sopa Images | Lightrocket | Getty Images DALIAN, China — Cisco is “very optimistic” about its growing business with Chinese electric car companies as they expand overseas, the company’s Greater China head told CNBC on Tuesday. The EV segment is the U.S. tech giant’s second-largest for the region
Hispanolistic | E+ | Getty Images The average 401(k) savings rate — including employee deferrals and company contributions — has maintained historic levels as plan designs make it easier for workers to set money aside. In 2023, the average combined savings rate was an estimated 11.7%, which matched a record high from 2022, according to
Rhode Island made news this month when it became the twentieth state to establish a state-facilitated retirement savings program and the seventeenth to do so with an auto-IRA model. This action by the Rhode Island legislature means every state in New England, except New Hampshire, will now offer a state-facilitated savings program. States elsewhere in
In this article NOVO.B-DK Follow your favorite stocksCREATE FREE ACCOUNT Novo Nordisk’s new manufacturing facility in Clayton, North Carolina. Courtesy: Novo Nordisk Novo Nordisk on Monday said it will spend $4.1 billion to build a new manufacturing plant in Clayton, North Carolina, in a bid to boost the supply of its blockbuster weight loss drug
Ascentxmedia | Istock | Getty Images The pace of inflation has subsided from its 2022 peak, but retirees and near-retirees are still feeling the shock of the surge in price growth. That is prompting many people to make significant changes to their retirement plans, according to new research from insurance company Prudential Financial. The firm’s
Do you have a friend who you could call in the middle of the night? Or even help you move a couch? In my book Breadcrumb Legacy: How Great Leaders Live a Life Worth Remembering (Routledge), I challenge readers to think about who they could call to help them move a couch when thinking about
Getty Images Paramount Global is hiking the price of its flagship streaming service as the company looks to turn around its business. The company said Monday it will raise the price of the Paramount+ with Showtime plan by $1 to $12.99 a month, and the price of its Paramount+ Essential option will increase by $2
In this article RACE-IT Follow your favorite stocksCREATE FREE ACCOUNT Ferrari’s all-electric model won’t be launched for over a year, but early tests indicate it has all the driving traits and emotion of a true Ferrari, according to Ferrari CEO Benedetto Vigna. “The final judge will be the client,” Vigna told CNBC during the opening
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