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Correlation with equity benchmarks hits highest in at least five years, raising concerns over performance during downturns
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The iPhone maker projected gross margins well ahead of Wall Street estimates, reassuring investors that it's successfully managing the surge in memory prices
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Co-founder Andrew Dudum shares his approach to the biggest (and most expensive) marketing moment of the year.
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The storage maker's revenue guidance was almost 60% higher than the Wall Street consensus and profit guidance was more than double that analysts had expected.
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Venezuelan Lawmakers Approve Sweeping Overhaul of Oil Sector The New York TimesVenezuelan lawmakers approve new law opening oil industry to foreign companies CNNVenezuela's Rodriguez signs oil reform law while the US eases sanctions Al JazeeraSweeping oil reform in Venezuela approved, operators expected to gain autonomy Reuters
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GM's ability to walk such a tightrope has been easier to do when it can fall, if needed, onto $21.7 billion in cash to end 2025.
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Bruce Springsteen's ICE Protest Song Soars To No. 1 ForbesBruce Springsteen Releases ‘Streets of Minneapolis,' a Song Protesting ICE The New York TimesRage in the U.S.A. The AtlanticSpringsteen Slams "King Trump's Private Army From The DHS" In New Anti-ICE Song "Streets Of Minneapolis" DeadlineStreets Of Minneapolis brucespringsteen.net
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Patrick James, who was earlier ousted from the beleaguered auto-parts maker, is accused by federal prosecutors of faking invoices and lying about hidden debt for years.
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Bain Capital has entered the fixed-base operator sector through the acquisition of APP Jet Center, a provider of aviation services at "high-quality, supply-constrained airports" in the US.
The post Deal Roundup: Bain Capital buys into APP Jet Center, CAPZA seals UUDS deal appeared first on AltAssets Private Equity News.
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A bear market accompanied by market volatility has led to shifting perceptions of what constitutes a secure retirement, according to a new national poll by Kiplinger and retirement services company Athene. Top concerns of retirees and near-retirees include a possible recession, the financial security of Social Security, the cost of health care and inflation.
A majority of respondents say that having more guaranteed income in retirement would ease their concerns about running out of money. Even so, an overwhelming majority of current retirees report high levels of satisfaction and happiness. And retirees are generally confident about their financial future, with 70% reporting they expect to have enough income to live comfortably, and 66% saying they are confident they will not run out of money in retirement. However, preretirees are less sanguine. Less than 55% of respondents not yet retired expressed confidence that they will not run out of money at some point.
The poll targeted retirees and pre-retirees with a net worth of at least $100,000; the respondents' median household net worth (excluding primary residence) was $369,979 for retirees and $322,506 for pre-retirees. The relatively high net worth is one likely reason financial confidence in this survey is higher than reflected in other retirement-confidence surveys.
Retirees are a bit more positive about stock market volatility than preretirees. Nearly half (49%) of retirees are concerned that stock market volatility could cause serious economic hardship in retirement (versus 64% of preretirees). Some 68% of retirees say they are doing nothing (and waiting) in response to volatility this year (versus 60% of preretirees).
Among retired respondents, 83% have already claimed Social Security benefits, with a mean claiming age of 63. For 43% of these respondents, Social Security provides 50% or more of their annual retirement income. Top sources of stable income for current retirees (be
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