By Scott DiSavino
March 22 (Reuters) - U.S. energy firms this week cut the number of natural gas rigs operating to the lowest level since January 2022, energy services firm Baker Hughes said in its closely followed report on Friday.
The oil and gas rig count, an early indicator of future output, fell by five to 624 in the week to March 22. (Reporting by Scott DiSavino Editing by Marguerita Choy)
Walmart's CEO went from earning $6.50 an hour to $25 million a year—here are his three tips for climbing the corporate ladder like him
Retirement savings play a crucial role in securing financial stability in your golden years. For those aiming high, being in the top 3% of retirees in terms of savings enhances comfort and offers greater financial freedom. Using data from the Federal Reserve's Survey of Consumer Finances, a 2024 survey by the Employee Benefit Research Institute, reveals that individuals with over $1 million in retirement accounts rank in the top 3% of retirees. Only 3.2% of retirees have surpassed the $1 million
Philip Morris and Altria earnings showed which one is gaining market share of smokeless alternatives.
Lindsey and David Barber save 80% to 85% of their income for retirement and their son's future, though neither want to retire early.
The bank CEO says the company looks for candidates who are “smart, ethical, decent people.”
U.S. and European politicians have raised alarms that their domestic auto industries could be destroyed by a wave of cheap Chinese electric vehicles. The goal: to rake in hefty profit margins the automaker can’t get in China amid fierce competition. In some foreign showrooms, BYD charges more than double — sometimes nearly triple — the price it gets for three key models in China, according to a Reuters review of the automaker’s pricing in five of its biggest export markets.
The good news for retirement savers using 401(k) plans and similar workplace retirement accounts is that the improving stock market is raising account balances. The average 401(k) is up by an average of $7,250 – a gain of 9.6% – since the end of 2022, according to a Bank of America report. The report also […] The post Here’s How Much Americans’ 401(k) Balances Have Grown in 2023. Is Yours Keeping Pace? appeared first on SmartReads by SmartAsset.
Many Americans headed toward retirement don't have the funds. It could contribute to the peak boomer crisis.
If you're going to the bank for a loan, you might think it would be easier as a millionaire. However, when it comes to high-net-worth lending, more money can mean more problems if the individual doesn't have conventional income or … Continue reading → The post How Does High-Net-Worth Lending Work? appeared first on SmartAsset Blog.
General Mills, the maker of Cocoa Puffs and Cheerios breakfast cereals, is exploring a sale of its North America yogurt business including its popular Yoplait brand in a deal that could be worth more than $2 billion, people familiar with the matter said. The Minneapolis-based food conglomerate is working with investment bank JPMorgan Chase to gauge interest from potential buyers that could include rival snack food makers and private equity firms, the sources said, requesting anonymity as the discussions are confidential. General Mills is hoping to fetch a valuation for the yogurt portfolio of nearly 10 times the unit's 12-month earnings before interest, taxes, depreciation and amortization of about $250 million, the sources said.