A worker looks at the 9HA Gas Turbine, at the General Electric plant in Belfort, France. Frederick Florin | AFP | Getty Images General Electric‘s announcement that it is freezing pension plans for about 20,000 U.S. employees is part of the company’s “next steps in the balance sheet unwind,” J.P. Morgan analyst Stephen Tusa wrote
Month: October 2019
About 100,000 ex-employees of General Electric will face a choice soon: stay in the company’s pension plan or accept a lump sum and cut ties instead. Whether you count yourself among those former GE workers or are employed by another company with a similar option on the table, advisors say the decision shouldn’t be made
Coaches are everywhere these days. What used to be the province of the playing field or the ice arena, now is common to the board room, the gym, the hospital delivery room, the concert stage, and more recently, the retirement arena. I have been coaching recent and prospective retirees for the past eight years. It
Nowadays, any industry that technology takes on doesn’t stay the same for very long. Airbnb uprooted hospitality. Uber and Lyft changed transportation. Netflix not only changed entertainment, but shifted routines and enabled on-demand consumption. The list goes on. Each time tech puts its stamp on an industry, consumer behaviors shift and their expectations go up.
Share to facebook Share to twitter Share to linkedin Brokerages will cumulatively lose billions of dollars in revenue. BLOOMBERG NEWS Topline: As the race to the bottom continues, slashing trading fees will eliminate billions of dollars of revenue for discount brokerage firms, although some may be better positioned to weather the impact. Charles Schwab—the first
Impossible Foods CEO Pat Brown holds up an Impossible Burger 2.0, the new and improved version of the company’s plant-based vegan burger that tastes like real beef, at a press event during CES 2019 in Las Vegas, Nevada on January 7, 2019. Robyn Beck | AFP | Getty Images Impossible Foods CEO Pat Brown is
A group of protesters calling for climate change vandalized the iconic Wall Street charging bull on Monday, pouring red paint while climbing atop it. The protesters responsible belong to an organization called Extinction Rebellion, which organized a demonstration starting at 10 a.m. ET on Monday in 60 cities worldwide, according to its website. The protests
People carry retail shopping bags during Black Friday events on November 25, 2016 in New York City. Getty Images One major cluster of data shows the U.S. economy is doing well despite concerns of a potential recession. The hard data, which refers to actual numbers about the economy such as unemployment and retail sales, continue
Emergencies occur. So, it makes sense to start putting money aside. Yet many Americans aren’t. In fact, 28% of Americans have no emergency savings, a July survey from personal financial website Bankrate.com found. “Financial emergencies will happen, it’s only a matter of when,” said Kathy Kraninger, director of the Consumer Financial Protection Bureau. More from
Courtney Keating | Getty Images The past two years have been halcyon times for small businesses searching for capital. The lending landscape has never been higher during the post-recession era, and approval rates have increased steadily at big banks, regional and community banks and at institutional lenders for an ongoing basis. For instance, the SBA
Social Security may be one of your largest assets. What and when you collect will make a huge difference to your lifetime benefits. Today’s column addresses withdrawing an application for Social Security retirement benefits, what happens with Social Security disability benefits at certain ages, survivor’s benefits and domestic partnerships, submitting an application and whether to
2020 budget planning, a rite of October, now reaches a truth-or-dare moment as a critical path priority for housing’s big and small business players players. Real money’s at stake, tons of it. The fates and fortunes of firms hinge on superior skills at matching who they are, and how they invest, with what will come
If you’ve been tied up the past few Mondays, you may have neglected to notice that at the beginning of each week, we’ve been taking a look at the tax proposals put forth by one of the 20, 18, 17 remaining candidates for the Democratic nomination for President. If you need a reminder as to
Budweiser beer products manufactured by Anheuser-Busch InBev NV sit on display during a news conference in Hong Kong, China, on Thursday, July 4, 2019. Kyle Lam | Bloomberg | Getty Images The world’s largest brewer is making a big push for China and other parts of Asia — but it could prove challenging for Anheuser-Busch
The Wendy’s Co. logo is seen on a cup displayed for a photograph at a restaurant location in Daly City, California. David Paul Morris | Bloomberg | Getty Images Many investors may be concentrating on some of Wall Street’s biggest companies but analysts told clients this week not to overlook these other compelling stocks. CNBC
When something sounds too good to be true, it probably is. At odds with this old wisdom is a flood of investment information and recommendations to put your money where it supposedly will keep you safe and make you rich. Mirko Vitali / EyeEm | Getty Images The problem is, when you’re just starting out
By Randi Mazzella, Next Avenue Contributor Patricia Heaton stars in ‘Carol’s Second Act,’ which premiered this fall on CBS CBS Remember when NBC billed its Thursday nights shows as Must See TV? This fall, NBC and CBS have three new Thursday night half-hour comedies that might be called Second Act TV, featuring popular stars launching
Paul Manafort’s former condo listed for $3.2 million. Shoot and Showcase Paul Manafort’s former condominium, now in foreclosure, is listed for $3.2 million. It was the scene of the 2017 “no-knock raid” conducted in early-morning hours by FBI agents looking for documents and other materials related to the special counsel investigation of Russian meddling in
US President Donald Trump speaks to the press aboard Air Force One in flight as he travels from Joint Base Andrews in Maryland, to Bedminster, New Jersey, June 29, 2018. – Trump denied he is planning to withdraw the United States from the World Trade AFP/Getty Images The list of U.S. tariffs on EU products
An interview with billionaire and CEO of Starwood Capital Group, Barry Sternlicht. In this interview, Barry discusses the real estate market going into 2020 and the factors he assesses to determine the markets strength. Barry also talks about what he is long/short in his portfolio and what he has learnt from the many real estate
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