Month: April 2019

Editor’s Note: Updates have been made throughout this story to correctly report that Amazon is not shutting down Souq. Rather, the brand is still available in Saudi Arabia and Egypt. Amazon launched a new Middle East marketplace on Tuesday, two years after buying the Dubai-based e-commerce company Souq.com for $580 million. With the launch, Amazon said
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In my opinion, the worst 401(k) mistake is the failure to focus on employee outcomes. The “outcome” should be for employees to have enough money to retire with confidence and financial security. To help employees get there, employers need to ask the right questions. For example, are employees participating in the plan? Are they saving
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The U.S. Census Bureau projects that by 2035, for the first time in American history, there will be more adults age 65 and older than children. By 2060, nearly twenty-five percent of Americans will be age 65 and above.  At the same point, the number of people age 85 and older will triple. What will they all
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Check out the companies making headlines midday Tuesday: Alphabet — Shares of Alphabet tanked more than 8%, on track for its worst day since Dec. 1, 2008, after the Google parent posted weaker-than-expected quarterly results. The company posted revenue of $36.34 billion in the first quarter, versus $37.33 billion expected per Refinitiv. The revenue was
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The Las Vegas market leads Trulia’s list Getty A recent Trulia study reports shifting markets in some areas where it’s becoming a buyer’s market. That long-awaited and long overdue shift is finally becoming a reality. You can tell a buyer’s market when homes take longer to sell, with increasing price cuts resulting in a larger percentage of homes
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Barry Sternlicht Cameron Costa | CNBC Questions raised by progressives in the 2020 presidential race about whether capitalism still works for America reflect mistaken beliefs about how prosperity is created, global investor Barry Sternlicht told CNBC on Tuesday. “The left does not understand that companies need to make money in order to invest in new
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