‘Cities live and die by the critical mass, the question now becomes, how much further does San Francisco have before it loses its critical mass?’ asks Moody’s Analytics.
: Costco to clamp down on sharing of membership cards
The bulk retailer intends to ask customers to show photo ID in addition to a Costco membership card when they go through the self-checkout process.
: American retirement looks ‘very scary’ if Social Security or Medicare are threatened, experts say
It’s harder to shore up retirement finances as pensions become rare, Americans balance spending and savings goals
: ‘You have an obligation.’ Employers need to step up to help workers prepare for retirement.
About 40% of workers lack access to a 401(k) plan.
The Ratings Game: Unity stock soars 15% after new AI marketplace announced, analyst highlights IronSource
Unity shares rallied 15% Tuesday after the software company introduced a new AI software marketplace and an analyst highlighted IronSource opportunities.
: After Lordstown bankruptcy, shakeout expected in the EV market
“No one is making money except for Tesla and BYD in China,” said Louis Navellier, chair and chief investment officer at Navellier & Associates.
Key Words: Bank of America CEO sticks to ‘mild recession’ view and sees signs of bank stabilization after failures
CEO Brian Moynihan talks up bank’s new branch push and expects the U.S. economy to cool in 2024, but it’s still growing its footprint
Banking: UBS reportedly cutting half of Credit Suisse workforce after merger
Job reductions will come from layoffs and attrition in London, New York and parts of Asia as UBS digests Credit Suisse after emergency takeover.
The Ratings Game: Carnival’s stock rallies to reverse almost all of its ‘perplexing’ post-earnings selloff
Carnival’s stock rallied Tuesday to take back nearly everything it lost in the previous session’s “perplexing” post-earnings selloff.
The Margin: Sean ‘Diddy’ Combs and spirits giant Diageo end billion-dollar relationship
Diageo is cutting ties with Combs amid a lawsuit alleging racism.
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