Ken Frazier, Chairman and CEO, Merck & Co., speaks during a meeting of the Economic Club of New York, October 3, 2018. Brendan McDermid | Reuters The outspoken CEO of Merck, Ken Frazier, is retiring from the company effective June 30 after almost 30 years with the company, Merck announced on Thursday. A former attorney,
Signage is displayed outside a Yum! Brands Inc. Taco Bell and Kentucky Fried Chicken (KFC) restaurant in Louisville, Kentucky, U.S., on Thursday, Jan. 30, 2020. Luke Sharrett | Bloomberg | Getty Images Yum Brands on Thursday reported quarterly earnings and revenue that topped analyst predictions, despite international dining room closures weighing on same-store sales growth
Take a look at some of the biggest movers in the premarket: Canada Goose (GOOS) – Canada Goose shares surged more than 15% in the premarket after the outerwear maker beat estimates on both the top and bottom lines. Results were helped by strong growth in China sales as well as a surge in online
Khailee Ng has a keen nose for spotting promising start-ups. As a managing partner for venture capital firm 500 Startups, he is tasked with identifying and helping cultivate some of the businesses of the future. And he has advice for would-be founders hoping to build the next big thing: Look beyond the top segment of
Rafael Henrique | LightRocket | Getty Images The past two weeks have seen an astonishing number of allegations about the motives of the main actors in the GameStop drama. The players include the WallStreetBets forum on Reddit, the Robinhood trading app, long-short hedge funds, politicians, and regulators, to name a few. However, to equate this
Tom Williams | CQ-Roll Call, Inc. | Getty Images Americans have it worse than all other developed nations when it comes to benefits for workers, according to a new ranking. The U.S. places last relative to its national policies around healthcare, unemployment, retirement, parental leave, and paid vacation and sick days, according to Zenefits, a
This episode of What’s Ahead warns that the trading frenzy in GameStop and other so-called meme stocks is stoking Washington politicians’ desire to enact a new tax on every securities transaction. That would simply drive trading offshore, while damaging domestic financial institutions. Other ideas being ginned up in this new tax environment include a wealth
To get what they wanted in their first home, many recent buyers had to compromise. getty For first-time homebuyers looking to buy in 2021, a new survey from realtor.com indicates that getting finances in order is a critical place to start. Almost half (47%) of those who bought their first home last year — successfully
If you find yourself in need of funds to support a new addition to your family, your 401(k) plan … [+] might be able to help. getty Welcoming a new child to your family is an exciting time. However, if money is tight or your income has declined due to the pandemic, what should be
Director of the National Institute of Allergy and Infectious Diseases Dr. Anthony Fauci speaks during a White House press briefing, conducted by White House Press Secretary Jen Psaki, at the James Brady Press Briefing Room of the White House January 21, 2021 in Washington, DC. Alex Wong | Getty Images There have been “no red
The economic report to watch this week may disappoint Wall Street. According to MKM Partners’ Michael Darda, the January jobs report out Friday will likely show the labor market needs more time to recover from coronavirus case spikes and closures. “We have a slight chance of a beat, but it’s uncertain,” the firm’s chief economist
Although Jeff Bezos announced on Tuesday that he will step down as Amazon CEO and transition to executive chair of the company’s board, he has no plans of retiring. “Being the CEO of Amazon is a deep responsibility, and it’s consuming,” Bezos wrote in a letter to employees announcing his role change. “When you have
A person works out at Planet Fitness as they re-open at 25 percent capacity in Boston’s Dorchester on Feb. 1, 2021. Jessica Rinaldi | Boston Globe | Getty Images As Washington squabbles over stimulus, the bond market is already counting on lots of fiscal spending and an economic bounce back. In an extreme case, inflation
DEA / M. BORCHI | De Agostini | Getty Images Unemployment benefits aren’t reaching most jobless Americans — suggesting that lawmakers who wish to target aid to the unemployed would likely need to use stimulus checks or other relief measures. At most, 30% of jobless individuals are currently being reached by the unemployment system, according
WASHINGTON, DC – FEBRUARY 01: U.S. President Joe Biden (Center R) and Vice President Kamala Harris … [+] (Center L) meet with 10 Republican senators, including Mitt Romney (R-UT), Bill Cassidy (R-LA), Susan Collins (R-ME), Lisa Murkowski (R-AK), Thom Tillis (R-NC), Jerry Moran (R-KS), Shelley Moore Capito (R-WV) and others, in the Oval Office at
In our pandemic environment, prices in Manhattan have fallen to their lowest levels in almost a … [+] decade. This fact disturbs the members of the Boards of Directors of many of the city’s co-operative apartment corporations, who want values in their buildings maintained. getty When is the price of your home not the actual
Click here to read the previous part of this article. The most natural use for permanent life insurance is to fund a legacy goal. Exhibit 7.4 compares the effectiveness of two strategies for meeting a legacy goal during retirement: “buy term and invest the difference” in Scenario 1 and using whole life insurance in Scenario
A person wears a protective face mask outside McDonald’s in Union Square during the coronavirus pandemic on April 30, 2020 in New York City. Noam Galai | Getty Images McDonald’s on Wednesday said that it has entered its final phase of testing a U.S. loyalty program before it launches nationwide later this year. The fast-food
Capitol dome Congress Mark Makela | Getty Images News | Getty Images President Joe Biden and congressional Democrats are hoping to pass $1.9 trillion of additional pandemic relief, including extra jobless benefits. Still, many unemployed workers haven’t yet gotten benefit payments from the last stimulus package, which former President Trump signed more than a month
Jeff Bezos announced on Tuesday that he will step down as Amazon CEO later this year and transition to executive chair of the company’s board – his successor will be Andy Jassy, who has built Amazon Web Services, or AWS, into a multibillion-dollar business. Although he has not had the spotlight like Bezos, Jassy has