An estimated 23 million people would lose health coverage by 2026 under Republican legislation aimed at repealing Obamacare, a nonpartisan congressional agency said on Wednesday in the first calculation of the new bill's potential impact. The report from the Congressional Budget...Read More »
Sears will now pay $100 million in July, instead of the full amount. Sears' situation grew even more dire this month as the company revealed that some suppliers are trying to cancel contracts and cut back on orders amid fears that the retailer could soon go bankrupt. Sears says the new financing deals will help it reach its goal of reducing outstanding debt and pension obligations by $1.5 billion for fiscal 2017.
I've been managing teams for about six years now, and there's one phrase I've grown to hate hearing from employees: "Somebody should..." Sometimes this phrase is followed by a very specific task or product improvement. Other times, it's a suggestion to change a process, either on our team or somewhere else in the company. Employees who use this phrase think they're being helpful. They think they're saying, "I'm a strategic and creative thinker who looks beyond the limits of my defined role and thinks of ways to improve the fortunes of the business overall. Please consider my larger value to the company when you think about my performance." But that's not what their boss hears. Their boss hears,
To profit from the stock market, be sure to follow the "smart money." Just figure out where hedge funds are investing, and then do the same. It's a strategy that would have worked this year if executed properly, as the stocks most widely held by hedge funds have outperformed the broader market. Luckily for any aspiring smart-money tracker, Goldman Sachs maintains an index of stocks in which fundamentally-driven hedge funds hold large positions — in other words, the companies that matter most to speculative institutional investors.