Thousands of American institutions are struggling to keep business running smoothly with a limited staff in the Covid-19 era. That includes Wall Street’s top regulator, the Securities and Exchange Commission. Chairman Gary Gensler said Wednesday that the SEC is trying to juggle an unprecedented list of financial challenges with a smaller staff. “We are short… Continue reading The SEC is ‘short staffed’ and it needs more help to tackle everything from crypto to China, Gensler says
About 1 in 3 of the lowest-income families have a savings account, according to research published Monday by the Consumer Federation of America, a consumer advocacy group. Thirty percent of households in the bottom fifth — those who earn less than about $26,000 a year — owned a traditional savings account at a bank or… Continue reading Just 30% of the poorest families have a savings account
A rising industryAmerica has long remained one of the most wasteful countries in the world, generating 239 million metric tons of garbage every year, about 1,600 to 1,700 pounds per person. While some view it as a threat to our environment and society, the solid waste management industry sees an opportunity. “It’s a profitable industry,”… Continue reading The garbage industry has outperformed the market since 2015. Here’s why
In the wake of the pandemic, many families are taking a hard look at college and whether it is worth the high cost. Tuition and fees plus room and board for a four-year private college averaged $50,770 in the 2020-21 school year; at four-year, in-state public colleges, it was $22,180, according to the College Board,… Continue reading College is more expensive than ever. Here’s how families are paying the tab
The Boys Scouts of America more than doubled its initial offer of compensation to sexually abused Scouts late Thursday to $850 million, setting the stage for an historic settlement as part of the youth organization’s bankruptcy proceedings. The offer comes more than a year after the nonprofit group filed for bankruptcy as it faced 275… Continue reading Boy Scouts offer to compensate sexual abuse victims in historic $850 million bankruptcy settlement
CFOs grow more worried about rising costs and pricesThe stock market has overcome inflationary fears on the way to setting new records this year, but in C-suites, the concerns about input costs, wage pressures and Fed policy remain elevated. U.S.-based chief financial officers see inflation as the biggest external risk factor that their businesses face,… Continue reading As pricing fears peak, corporate America lacks faith in the Fed to control inflation: Survey
Macy Gray thinks America’s ready to walk away from its national flag, and even though we may stumble … she thinks it’s for the best, and that the time has come for a new design. The “I Try” singer penned an op-ed this week for, of all outlets, MarketWatch … in which she made the… Continue reading MACY GRAYLET’S TRY & SAY GOODBYE, OLD GLORY… Gimme a New U.S. Flag!!!
Will Texas remain a top state for business amid inclusion controversy?Red states that claim to be upholding traditional values are upending some traditional alliances between conservatives and corporate America. They could also upend the competitiveness of some perennial leaders in the battle between the states for business and jobs. One measure of that landscape —… Continue reading Can a state restrict voting and LGBTQ+ rights and still be a Top State for Business?
Engine No. 1, the activist firm that gained three board seats at Exxon Mobil after months of targeting the oil giant, may have focused its campaign on climate, but Bank of America believes shareholders who voted in favor of the board shake-up were likely focused on one thing: the dividend. And following aggressive cost-cutting measures… Continue reading Bank of America predicts Exxon will hike its dividend, shares will rise 45%
Watch full interview with Bank of America CEO Brian MoynihanBank of America CEO Brian Moynihan said the company has ramped its cybersecurity spending to over $1 billion a year. “I became CEO 11 and a half years ago, and we probably spent three to $400 million [per year] and we’re up over a billion now,”… Continue reading Bank of America spends over $1 billion per year on cybersecurity, CEO Brian Moynihan says