Whether it’s money for something fun — like buying an RV to travel the country to see their children — or something painful — like replacing their roof — individuals often require emergency savings, but they tend not to think about it until they need it. “Most clients don’t see...
The exterior of a Dollar General convenience store is seen in Austin, Texas, on March 16, 2023.Brandon Bell | Getty ImagesDollar General's former CEO Todd Vasos is coming out of retirement to helm the company, which aims to rebound from slowing growth and allegations of unsafe working conditions.Vasos, who...
Inter Miami co-owner and President David Beckham backs a takeover of his original club Manchester United."At the moment, there's no stability," the longtime former midfielder for the Premier League club told CNBC's "Squawk on the Street" in an interview aired Thursday. "It's the right time for somebody to take...
There has been a flood of settlements this year in 401(k) plans lawsuits, netting plaintiffs and the law firms that built the cases millions of dollars. Several of those cases involved financial services firms, including MetLife, which recently indicated in court records that it has reached a deal to settle...
The mergers and acquisitions marketplace for registered investment advisors saw a summer surge this year, according to a report by Echelon Partners, a boutique investment bank focused on the investment management and wealth management industries. According to Echelon, in the quarter ended Sept. 30, RIA buyers announced 86 transactions,...
Jamie Dimon, Chairman of the Board and Chief Executive Officer of JPMorgan Chase & Co., gestures as he speaks during an interview with Reuters in Miami, Florida, U.S., February 8, 2023. Marco Bello | ReutersAmerican banks are closing out another quarter in which interest rates surged, reviving concerns about shrinking...
Members of the United Auto Workers union picket outside the Michigan Assembly Plant in Wayne, Michigan, on Sept. 26, 2023.Matthew Hatcher | AFP | Getty ImagesDETROIT – Ford Motor is "at the limit" of what it can offer the United Auto Workers union in terms of economic concessions, an...
A construction in a multifamily and single family residential housing complex is shown in the Rancho Penasquitos neighborhood, in San Diego, California, September 19, 2023.Mike Blake | ReutersIn theory, getting inflation closer to the Federal Reserve's 2% target doesn't sound terribly difficult.The main culprits are related to services and...
Maersk is one of the world's biggest container shippers.Andia | UIG via Getty ImagesDanish logistics giant Maersk is adding SpaceX's Starlink to more than 330 container ships, the companies announced Thursday.Maersk said the installation of the Starlink internet service is expected to be complete by the first quarter of...
A top House Republican is threatening to subpoena the Securities and Exchange Commission for any documents about U.S. involvement in crafting European Union environmental, social and governance regulations that GOP lawmakers say harm American businesses. House Oversight Committee Chairman James Comer expressed concern to SEC Chairman Gary Gensler in a...