Opinion: The 4% rule for retirement spending is now the 4.7% rule
In some areas of life, working backwards or reverse engineering the answer you’re looking for can help. Retirement savings might be one of those areas. Here’s how to reverse engineer how much you’ll need to have for retirement and how much you’ll need to save to get there. Step one: Start from the end or […]
Disney highlights theme park revenue growth
Visitors can avoid lines at Disney World if they buy into the system. Joseph Prezioso | Anadolu Agency | Getty Images Disney‘s restructuring has triggered some changes in how the company shares its financial details, shedding light on just how strong its theme park business is for its bottom line. According to a Wednesday filing, […]
Chick-fil-A will pay settlement for delivery up-charges — how to check a claim
Fast-food chicken chain Chick-fil-A has reportedly agreed to pay customers $4.4 million in rebates or gift cards to settle a class action suit filed after it lowered delivery fees but up-charged the food being delivered without letting users know. Chick-fil-A did not admit guilt in the case but will create a $1.45 million cash fund and […]
Union’s Fain says ‘more to be won’ despite record offers
Striking United Auto Workers (UAW) members from the General Motors Lansing Delta Plant picket in Delta Township, Michigan September 29, 2023. Rebecca Cook | Reuters DETROIT – The United Auto Workers union believes there is “more to be won” in ongoing contract negotiations with the Detroit automakers following five weeks of labor strikes against the […]
Philip Morris (PM) earnings Q3 2023
Philip Morris International’s Marlboro brand cigarettes are arranged for a photograph in Shelbyville, Kentucky, on Oct. 2, 2015. Luke Sharrett | Bloomberg | Getty Images Philip Morris International on Thursday reported quarterly earnings that topped Wall Street’s expectations but revenue that missed estimates, as sales for its heated tobacco and oral nicotine products remain strong. […]
Oil scores back-to-back weekly gains as Israel-Hamas war raises risks in the Middle East
Oil futures settled with a loss on Friday, but scored a second straight weekly gain after the Oct. 7 attack on Israel by Hamas sparked a war that threatens to spillover across the region, potentially endangering the supply of crude. Natural-gas prices, meanwhile, marked an eighth consecutive session decline after a U.S. government report on […]
TGL golf announces ownership team led by Marc Lasry, Steph Curry
Andre Iguodala, #9; Stephen Curry, #30; and Klay Thompson, #11, of the Golden State Warriors high-five one another during the game against the Boston Celtics at the Oakland Arena in Oakland, California, on March 8, 2017. Noah Graham | National Basketball Association | Getty Images Some of San Francisco’s biggest sports stars are the new […]
Middlemen pocket 70% of Medicare spending on widely used generic drugs, study finds
About 70 cents of every dollar spent on widely used generic drugs under Medicare’s Part D prescription-drug benefit goes into the pockets of intermediaries, according to new research published Friday in JAMA Health Forum, a peer-reviewed journal. The largest chunk of 2021 Medicare Part D spending on those drugs — more than 40% — went […]
Sanofi to offer insulin for $35 to Americans through GoodRx
Sanofi Lantus brand insulin pens are arranged for a photograph in Brooklyn, New York, on April 5, 2019. Alex Flynn | Bloomberg | Getty Images Americans, regardless of their insurance status, can now access Sanofi‘s most widely prescribed insulin for $35 through the prescription drug savings company GoodRx, the companies announced Thursday. Patients with a […]
S&P 500 futures slip as a week of soaring bond yields, geopolitics take a toll
U.S. stock futures pointed to a struggle for Wall Street on Friday, as rising bond yields and geopolitical tensions continue to take a toll on investors, who were digesting comments from Federal Reserve Chairman Jerome Powell. What’s happening S&P 500 futures ES00, -0.23% fell 10.25 points, or 0.2%, to 4,293 Dow Jones Industrial Average futures […]
