Yahoo Finance - Business Finance, Stock Market, Quotes, News
- FinanceBusiness Insider•yesterday
The company is shutting down dozens of Kmart stores this month and two of its highest-ranking executives left this week in the midst of the key holiday shopping season. This comes following speculation among Sears and Kmart employees, suppliers, and several banks that the retailer will soon go bankrupt — something Sears has repeatedly dismissed. Jeff Balagna, formerly Sears' executive vice president, left the company Wednesday, "in order to focus on his other business interests and pursue other career opportunities," Sears said in an SEC filing dated November 23.
- PoliticsYahoo Finance•yesterday
President-elect Trump tours the Carrier facility in Indiana. This week in Indianapolis, President-elect Donald Trump announced that he would save hundreds of Americans’ jobs from going to Mexico. Speaking at United Technologies’ (UTX) Carrier air conditioning company, Trump announced a deal that kept 800 jobs in-state in exchange for $7 million in tax breaks.
- LifestyleMarketWatch•7 hours ago
Most Americans are filled with regrets — financial regrets. Fully three in four, in fact, admit they harbor financial regrets, according to a survey of more than 1,000 adults by Bankrate.com. Their biggest regret: not saving for retirement early enough (nearly one in five Americans put this in the No. 1 spot). What’s more, among those 65 and up, 27% said this was the biggest regret, compared with 17% of those aged 30 to 49. Indeed, it is costly to wait. A person who starts saving $300 a month for retirement at age 25 (assuming a 5% return on investment) will have about $450,000 saved by age 65, despite only contributing $144,000 into his retirement account. Meanwhile, if that person waits until