Returns are up and people are saving more. But account balances for the median 401(k) are too low and Americans are still very reliant on Social Security.
Kategorie-Archiv: CNBC Financial News
Europe is at risk of over-restricting AI and falling behind U.S. and China, Dutch prince says
Prince Constantijn of the Netherlands told CNBC Europe risks limiting its role in artificial intelligence to being a regulator, rather than an innovator.
The yuan’s status as a global currency might be gaining ground. But top CEOs see more hurdles to clear
For China’s yuan to be used more globally, the currency needs more „applications“ such as stocks and bonds, said Bonnie Chan, CEO of the Hong Kong exchange.
Southwest Airlines cuts revenue forecast, blaming changing booking patterns
The company said it still expects record quarterly operating revenue in the second quarter.
FedEx shares jump after hours as massive cost-cutting measures kick in
FedEx shares jumped 15% after hours as the company begins to bear the fruits of its $4 billion cost-cutting plan.
Fewer Americans are buying life insurance. Here’s when you might need it
Fewer Americans have bought life insurance in recent decades. That may put some households at financial risk.
Cisco is ‚very optimistic‘ about its expanding business with China EVs
Cisco is „very optimistic“ about its growing business with Chinese electric car companies as they expand overseas, Cisco’s Greater China head Ming Wong told CNBC.
Fast-food customers are shifting to casual-dining chains, Darden Restaurants CEO says
Chili’s and Applebee’s are among the casual-dining chains that have been trying to win over fast-food customers.
Darden beats on earnings, even as Olive Garden, fine-dining sales drag
Olive Garden owner Darden Restaurants reported flat same-store sales growth in its latest quarter.
Adobe shares soar 17% on better-than-expected results
Adobe reported results on Thursday that sailed past analysts‘ estimates.