The days of traditional pensions are coming to an end as companies continue turning to 401(k)s for employee retirement plans. Some members of today’s workforce, mostly Generation X and older, were lucky to be enrolled in blue-chip pension plans before they were no longer offered. However, new pension access has plummeted to 4% of the
Getty Public and private organizations often implement labor-intensive policies and procedures to govern interactions between related parties. These compliance requirements frequently sacrifice administrability in favor of precision. Let’s say that the finance director of a U.S.-based multinational’s foreign distributor needs to lower the transfer prices on its intercompany inventory imports. The local currency has declined
photo credit: Getty Getty The year of rejuvenation continues for the domestic-focused U.S. real estate sector following one of the toughest years for REITs and homebuilders since the financial crisis. For the U.S. housing industry, the story of this year continues to center around the resilient demographic-led growth in household formations along with the sharp
Elon Musk attends the groundbreaking ceremony of the Tesla Gigafactory in Shanghai, east China, on January 7, 2019. Ding Ting | Xinhua News Agency | Getty Images China’s industry ministry has put Tesla Model 3 cars that are built inside the country on a list of vehicles recommended for government subsidies, according to a Reuters
Ulta Beauty beat quarterly profit estimates on Thursday, driven by sales of higher-margin cosmetics products, sending the retailer’s shares up over 11% in extended trading. The near 30-year-old company has capitalized on booming demand for celebrity-led beauty brands, which are usually priced at a premium, and has attributed cosmetics lines from Kylie Jenner and YouTuber
Job growth should appear strong in November as striking GM workers returned to the workforce. Economists surveyed by Dow Jones expected 187,000 jobs were added in November, and Refinitiv’s consensus forecast was 180,000. Wages are expected to rise by 0.3% in the month, and unemployment is expected to remain at 3.6%. The government’s monthly employment
What to buy for the frequent-flying road warrior who sees it all in their travels? Here are creative gadgets that can make upcoming 2020 travel that much more comfortable. Wireless earphones: Nuheara’s IQbuds Boost Nuheara IQbuds Boost Courtesy of Nuheara. Eliminate the endless noise pollution of airports, planes, trains and city life with these wireless
Chime CEO Chris Britt Source: Chime A war is brewing in digital banking, and one leading player just loaded up on ammunition. Chime, the largest of a new breed of branchless U.S. banks, raised $500 million in a series E round it closed recently valuing the company at $5.8 billion, according to people with knowledge
Ah, the joys of new marital bliss. Now … about those tax returns. If you tied the knot this year (or plan to this month), it’s worthwhile evaluating what getting married will mean for your 2019 tax situation. While many couples will see their taxes drop, some will face a “marriage penalty” — paying more
Entrepreneurs who work at H Street Greenhouse in Washington, D.C. Kerry Hannon Question: Are business co-working spaces for midlife entrepreneurs taking off? Answer: Not yet. But… stay tuned. Here’s why: In Washington, D.C., something called the H Street Greenhouse is developing a model boutique co-working space for midlife entrepreneurs that offers a tantalizing alternative to
Share to facebook Share to twitter Share to linkedin Friday’s jobs report will deliver key insights into the U.S. economy. Lynne Sladky/ASSOCIATED PRESS Topline: With the U.S. Labor Department set to release its monthly jobs report on Friday, Wall Street will be watching the numbers closely to get a gauge of the economy’s momentum and
That’s not a typo. This article is not about first time homebuyers. It’s for those of you who are considering buying or building a hotel, for the first time. In case you never think about who owns the hotels that operate flying the flag of your favorite brand, or those independent gems, often times it
CNBC’s Jim Cramer breaks down data and explains why most Americans are not benefiting from the 2019 bull market. The “Mad Money” host gets insight into why Chipotle’s operations are working in an interview with CEO Brian Niccoli. Later in the show he sits down with the CEOs of cloud software company ServiceNow and medical
A shopper at a Dollar General store Daniel Acker | Bloomberg | Getty Images Dollar General raised its full-year profit forecast on Thursday after reporting a better-than-expected quarterly same-store sales as it attracted more shoppers to its stores. Shares of the company rose nearly 6% in premarket trading as same-store sales rose 4.6% in the
Pedestrians pass in front of an Ulta Beauty store in New York. Gabby Jones | Bloomberg | Getty Images Check out the companies making headlines after the bell: Shares of Ulta spiked more than 9% during extended trading after the beauty retailer posted mixed third-quarter earnings and matched same store-sales estimates. The company earned $2.25
Elon Musk, chief executive officer of Space Exploration Technologies Corp. (SpaceX) and Tesla Inc., speaks during an event at SpaceX headquarters in Hawthorne, California, U.S., on Thursday, Oct. 10, 2019. Patrick T. Fallon | Bloomberg | Getty Images Elon Musk testified under oath he’s not sure know how much he’s worth. The Tesla and SpaceX
Workers walk outside the Tesla Inc. Gigafactory in Shanghai, China, on Friday, Nov. 1, 2019. Qilai Shen | Bloomberg | Getty Images Morgan Stanley increased its “bull case” for Tesla to $500 a share on Thursday, in the firm’s calculation of a best case scenario for the company’s value if Cybertruck is successful and the
Before the calendar flips to 2020, you might want to see if there are some moves you can make to take advantage of the tax breaks for medical expenses. Experts say it’s worth exploring, as the cost of health care continues its upward climb. The U.S. spent about $3.5 trillion on health care in 2017,
Gov. J.B. Pritzker signs the state budget and legislation related to a graduated income tax in … [+] Illinois, during a bill signing Wednesday, June 5, 2019 at the Thompson Center in Chicago. (AP Photo/Amr Alfiky) ASSOCIATED PRESS Which matters more: Providing the necessary funding for the intellectually disabled to be able to access group
Share to facebook Share to twitter Share to linkedin It’s not the first time the senator has gone after big business. Elijah Nouvelage/Getty Images Topline: While Elizabeth Warren has made her presidential campaign all about going head-to-head with big business, the presidential hopeful is now working on a sweeping new anti-monopoly bill, first reported on