Debt levels, economic concerns forcing Americans to make tough choices

Anxious Americans feel the need to choose — financially speaking, that is. According to a new survey by diversified financial services provider Thrivent, concerns about the economy and rising levels of personal debt have an increasing number of Americans feeling pressured to prioritize their financial needs. Most notably, Thrivent’s 2023...

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Blue Origin CEO Bob Smith resigns, replaced by outgoing Amazon exec Dave Limp

Jeff Bezos' Blue Origin will replace CEO Bob Smith with outgoing Amazon executive Dave Limp, CNBC has learned.Smith is retiring effective Dec. 4 and will remain with the company until Jan. 2 for the CEO transition, according to notes to Blue Origin staff written by Smith and Bezos that...

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Pfizer restarts production at tornado damaged plant in North Carolina

In this aerial image, damage is seen at a Pfizer pharmaceutical factory after a tornado hit the facility two days earlier, in Rocky Mount, North Carolina, July 21, 2023.Sean Rayford | Getty ImagesPfizer on Monday said it has restarted most production lines at a drug manufacturing plant that was...

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SEC fines Deutsche unit DWS $19M for not keeping ESG promises

The SEC ordered a subsidiary of Deutsche Bank to pay a $19 million penalty for not delivering to clients what it promised in its ESG mutual funds. In a Monday order, the Securities and Exchange Commission charged DWS Investment Management Americas Inc. with making misleading statements about incorporating environmental, social...

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LPL recruits $260 million group focusing on 403(b) plans

A group of financial advisors with $260 million in client assets and a specialty in retirement programs for schools, universities and hospitals, known as 403(b) plans, has jumped from Valic Financial Advisors Inc. to LPL Financial. The diverse practice is headquartered in Albuquerque, New Mexico, and led by financial advisor...

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