Category: Business
How did 769,000 Americans become 401(k) millionaires despite rising retirement worries?
The number of 401(k) millionaires has hit a record high.The number of Fidelity Investments 401(k) accounts with at least $1 million reached 769,000 in the…
Why is the S&P 500 at risk of a crash? CAPE ratio, Fed rates and Trump policies raise concerns
The S&P 500 is close to a record high, but investors may have a reason to be careful. The index is near its all-time high…
Why can’t Trump get the low interest rates he wants? Inflation, AI explain
Donald Trump wants much lower interest rates, but inflation is making that difficult. President Trump has repeatedly criticized the Federal Reserve for not cutting interest…
VW’s surprise job-slashing deal is a big win for its bosses
The casual observer might interpret the agreement on September 3rd between Volkswagen’s management and trade unions as Mitbestimmung (co-determination) in action. In fact, far from…
How Oura’s rings found their way onto millions of fingers
When Oura started out in 2013, wearable health devices, such as FitBits, were mostly the purview of fitness-neurotics. The company’s Finnish founders, however, had two…
Sugar prices see sharp drop at mill gates, decline yet to fully reach consumers
Sugar prices have fallen sharply at mill gates over the past two weeks, but the decline is yet to fully reach consumers, with retail prices…
For many individual traders, prediction markets are hot—and crypto is not
First, the AI trade stole bitcoin’s thunder. Now, the cryptosphere is losing some of its most-loyal traders to bets on soccer matches and congressional elections….
U.S., European bond yields little changed ahead of key jobs data
U.S. Treasury and European government bond yields were little changed Friday as investors awaited August U.S. employment data at 1230 GMT, a key input ahead…
Chinese businesses of all stripes are turning to Huawei
Driverless taxis are a common sight in Chinese cities these days. So, increasingly, are delivery drones. But to see one of the heaviest autonomous machines…
IIT-BHU alumnus Anil Chakravarthy named Adobe CEO, succeeds Shantanu Narayen
Anil Chakravarthy, an IIT-BHU alumnus and MIT graduate, was named as the president and chief executive officer (CEO) of Adobe on Friday. Chakravarthy completed his…