My Take on the Zero-Sum New-Vehicle Market in the US: Decades of Stagnation & Decline Interrupted by Steep Plunges
But not all automakers are losers in this tough market. By Wolf Richter for WOLF STREET. Sales of new light vehicles…
$6B Commonwealth Team Starts Hybrid RIA
A $6 billion Commonwealth/LPL Financial team has split off to become a hybrid registered investment advisor, while keeping…
Why Trump rings stock market opening bells
WASHINGTON (AP) — President Donald Trump on Monday rang the opening bells for the New York Stock Exchange…
South Africa’s richest city wins Moody’s confidence despite growing debt burden
The ratings agency affirmed Johannesburg’s long-term issuer rating at Ba3 while revising its outlook to positive, ending…
Trump eyes Australia superannuation model for US retirement savings
President Donald Trump said his administration is working on a retirement savings plan modeled after Australia’s system, promising…
Stock Market Today: Dow Up As This AI Stock Tests Entry; Microsoft Drops Amid Job Cuts
The Dow Jones Industrial Average rallied Monday as other indexes popped after President Donald Trump made bullish remarks…
Central bank trims borrowing costs to 2022 low, sees room for further rate cuts
The Bank of Israel on Monday decided to lower interest rates, following the US deal with Iran, eased…
Savings may not be enough to fund retirement beyond life expectancy: study
According to the study, around half of today’s 65-year-old women will reach the age of 90, whilst men…
Watchdog warns of risks to patients as private equity’s stake in US healthcare grows | US healthcare
A watchdog group is calling for greater government oversight of joint ventures between private equity firms and non-profit…
A boomer looks back at 65 years of head-spinning economic change
And in the world of business, the US Department of Labor reported that the average weekly wage of…
Empower Completes Convergence with Milliman Division Additions
It’s always interesting to watch Empower’s acquisitions and strategies that do not follow the norm. Contrary to CEO…
Microsoft lays off nearly 5,000 employees across Xbox, commercial sales
Microsoft cut around 4,800 roles, or 2.1% of its global workforce, on Monday — the latest in a…