Author: Daniel snow
“Are there other types of loans I should be thinking about?” Source link
Seksan Mongkhonkhamsao | Moment | Getty ImagesThe average 401(k) plan savings rate recently notched a new record high — and the percentage is nearing a widely-used rule of thumb. During the first quarter of 2025, the 401(k) savings rate, including employee and company contributions, jumped to 14.3%, according to Fidelity’s quarterly analysis of 25,300 corporate plans with 24.4 million participants.More from FA Playbook:Here’s a look at other stories affecting the financial advisor business.Despite economic uncertainty, “we definitely saw a lot of positive behaviors continue into Q1,” said Mike Shamrell, vice president of thought leadership for Fidelity’s Workplace Investing. The report found…
Needham analysts say the stock looks pricey, while Apple faces growing threats from its tech rivals. Source link
LinkedIn CEO Ryan Roslansky speaks at the Concordia Annual Summit in New York on Sept. 20, 2021. in New York City.Riccardo Savi | Concordia Summit | Getty ImagesMicrosoft is giving LinkedIn CEO Ryan Roslansky a bigger job, expanding his role to include oversight of Office productivity software, CNBC has learned.Roslansky, who took over LinkedIn five years ago, is becoming executive vice president of Office, reporting to Rajesh Jha, Microsoft’s executive vice president for experiences and devices, according to a person familiar with the matter. Microsoft CEO Satya Nadella informed employees about the change in an email on Wednesday, said the…
President Donald Trump’s pledge to double tariffs on steel and aluminum imports to 50% took effect Wednesday – the latest twist in the trade saga that has defined the stock market this year. We don’t own the stocks of any steel or aluminum producers — Nucor is in our Bullpen — but we stay on top of the moves in commodity prices because they often represent material input costs for companies across sectors of economy. Therefore, it’s the perfect opportunity to delve into how a tariff works, who may benefit, and determine the actual costs. We broke it all down…
The large service side of the U.S. economy contracted in May for the first time in almost a year, another victim of ongoing trade wars that have frozen hiring and caused havoc among businesses. Source link
If you’ve just taken the top job, Nissan’s new CEO Ivan Espinosa has some advice for you.Espinosa steps into the role at a turbulent time for the global auto industry — with slowing EV sales, intensifying competition from China, and new tariffs threatening profits.”Keep the optimism up, because the environment is very tough, and you don’t want to get overwhelmed,” Espinosa told CNBC on Wednesday. “If you get overwhelmed, you can paralyze — and paralysis is not what you need in the current environment. You need to keep moving.”And it’s not just the auto world. Across sectors, CEOs are under…
George Kurtz, chief executive officer of Crowdstrike Inc., listens during an interview in San Francisco, California, U.S., on Wednesday, Sept. 25, 2019. Michael Short | Bloomberg | Getty ImagesShares of CrowdStrike slumped more than 6% Wednesday morning after the cybersecurity company issued lackluster revenue guidance for the current quarter.The security software maker said it expects revenue to range between $1.14 billion and $1.15 billion this quarter, falling short of the $1.16 billion estimate from analysts polled by LSEG. CrowdStrike called for adjusted earnings per share between 82 cents and 84 cents for the quarter, versus an LSEG estimate of adjusted earnings of…
U.K., abstract of glass and steel built office towers in the London financial district.Shomos Uddin | Moment | Getty ImagesBERLIN – At the world’s largest gathering of private equity professionals, the buzz around opportunity in Europe is undeniable, in a sharp reversal of sentiment from this time last year.That shift comes amid subdued dealmaking, depressed new listings on public markets and stuttering returns, coupled with U.S. President Donald Trump’s volatile policymaking stateside.Blair Jacobson, co-president of private equity firm Ares Management, told the SuperReturn conference in Berlin on Wednesday that there was a “feeling right now that European markets are very…
A nationwide coordinated crackdown on retail crime — what authorities are calling the first of its kind — led to hundreds of arrests in 28 states last week.The blitz, led by Illinois’ Cook County regional organized crime task force, involved more than 100 jurisdictions and over 30 retailers including Home Depot, Macy’s, Target, Ulta Beauty, Walgreens, Kroger and Meijer.”When you give specific focus to a crime, it reverberates,” Cook County Sheriff Tom Dart told CNBC. “When they see it is being prosecuted and taken seriously, it deters conduct. They don’t want to get caught.”Organized retail crime — a type of…