BlackRock CEO Larry Fink sees retirement as ‘silent crisis’ facing global economy
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Vanguard Names Former BlackRock Executive as CEO
Salim Ramji led BlackRock’s ETF business and left in January.The Wall Street Journal - World -
Vanguard chooses former BlackRock executive Salim Ramji as CEO
The first outsider to lead the $9tn money manager will take up his role in JulyFinancial Times - Business -
Indian spices face heat over global safety concerns
India is a global powerhouse of spices. But recent quality concerns have cast a cloud on its position.BBC News - Top stories -
It's no surprise to see Amazon shares lower after cloud CEO shakeup
The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET.CNBC - Business -
These stocks could see ‘immense’ profits as Canada’s economy sinks, says veteran trader
Veteran trader Kevin Muir is really bearish on Canada, and offers a couple ways for investors to play that.MarketWatch - Business -
10 reasons we must urgently get over our retirement crisis denial
Whether the deniers want to admit it or not, America is experiencing a retirement crisis.The Hill - Politics -
Maryland Senate primary will decide which Democrat faces former Gov. Larry Hogan
The Democratic primary for Maryland’s Senate race features Rep. David Trone against Prince George’s County Executive Angela Alsobrooks, with the winner facing the Republican nominee, former Gov. Larry Hogan. NBC News’ Mark Murray reports on the ...NBC News - Politics -
Apple Taking Vision Pro Headset Global
Reports say international stores are sending workers to Cupertino to learn the new gear and sell it worldwide after Apple'sWorldwide Developers Conference in June.Inc. - Business - Apple -
Global violence causing record numbers of internally displaced people
Conflicts in Gaza, Sudan and the Democratic Republic of the Congo have led to a total of 68m IDPs across the world. Conflict has forced more than 68 million people to leave their homes as of the end of 2023 – the highest figure since data became ...The Guardian - World -
In Maryland's Senate race, Prince George's County Executive Angela Alsobrooks beat Rep. David Trone in the Democratic primary to face former two-term Republican Gov. Larry Hogan.
In Maryland’s Senate race, Prince George’s County Executive Angela Alsobrooks beat Rep. David Trone in the Democratic primary to face former two-term Republican Gov. Larry Hogan.The Wall Street Journal - World -
Sony to Adopt Dual-CEO Structure for Videogame Unit
The company said it would adopt a new leadership structure for its Sony Interactive Entertainment unit overseeing PlayStation, with two separate chief executives.The Wall Street Journal - Business -
Who is Salim Ramji, the new Vanguard CEO?
Vanguard Group on Tuesday appointed BlackRock Inc. veteran Salim Ramji as its new chief executive, a move that will give the asset-management giant a leader with years of experience in wealth advisory and management who is known for his efforts to ...MarketWatch - Business -
What do Biden's new China tariffs mean for the economy?
The White House announced new tariffs on Chinese imports Tuesday as part of an effort to protect U.S. businesses. William Reinsch, senior adviser at the Center for Strategic and International Studies, joins CBS News to assess the policy changes.CBS News - Top stories - China -
Intensifying war increasing threat to Ukraine economy, EBRD warns
European Bank for Reconstruction and Development cuts growth forecasts for regions it operates in, saying war ‘casting long shadow’ . Ukraine’s war-torn economy faces a renewed threat as Russia’s intensifying war takes its toll on power plants and ...The Guardian - World - Ukraine -
BlackRock closes in on crown of world’s largest bitcoin fund
Asset manager pushes deeper into digital assets after ETF successFinancial Times - Business - Crypto -
Global stock markets at record high ahead of crunch US inflation report – business live
Rolling coverage of the latest economic and financial news. In the City, profits at Burberry have dropped by 40% as the luxury goods market continues to struggle.. Burberry’s profits fell to £383m in the 12 months to the end of March, down from ...The Guardian - World -
Amazon Web Services CEO Adam Selipsky to step down
Adam Selipsky, CEO of Amazon’s cloud computing business, will step down from his role next month, the company announced Tuesday.NBC News - Top stories - Amazon -
Amazon’s AWS business is getting a new CEO, and the stock is dipping
Matt Garman, a sales and marketing leader for AWS, will succeed Adam Selipsky.MarketWatch - Business -
Amazon Web Services CEO Adam Selipsky to step down
The departure of Adam Selipsky, CEO of Amazon's cloud computing business, is the latest high-profile executive exit from the company led by Andy Jassy.CNBC - Business - Amazon -
Sony Names Two PlayStation CEOs, Says PS5 Growth Is Likely Over
The PS5 might be outselling its chief competitor, but it seems that its overall sales have slowed in recent months. In a recent financial report, Sony said that PS5 sales are down 29% year-over-year in the last fiscal quarter, and it further ...GameSpot - Tech - Playstation -
TotalEnergies CEO: Moving main listing to New York would be ‘no matter of emotion.’
The chief executive of French energy giant TotalEnergies reiterated that the company is looking at moving its primary listing to the U.S. as he sought to play down the significance of such a decision.MarketWatch - Business - New York -
Is it time to rethink the 4% retirement withdrawal rule? Experts weigh in
Experts are taking a new look at a retirement-planning rule of thumb for how much retirees can safely withdraw from their portfolios.CNBC - Business -
Iowa's Bluder retires after 24 seasons, 528 wins
Longtime Iowa women's basketball coach Lisa Bluder has retired after going 65-12 the past two seasons with Caitlin Clark leading the way.ESPN - Sports -
Is it time to rethink the 4% retirement withdrawal rule? Experts weigh in
When it comes to spending money in retirement, there’s one rule of thumb — the 4% rule — that has persisted for decades.NBC News - Top stories -
How to save money so you can retire in style
Saving for retirement is easier than most people think, as long as you get two things rightMarketWatch - Business -
I’m 49 and my husband is 59. We have a $2.2 million house and $885,000 saved for retirement. Can we retire by 2030?
“We are homebodies with fairly simple and inexpensive tastes.”MarketWatch - Business -
Cramer's gig economy roundup: Where he stands on Uber, Lyft, DoorDash and Instacart
CNBC's Jim Cramer on Monday gave investors his take on four major stocks in the gig economy sector.CNBC - Business -
Mester Says Fed in 'Really Good Place' to Study Economy Before Charting Rate Path
The Cleveland Fed president said she wasn’t eager to consider interest-rate hikes.The Wall Street Journal - World - Federal Reserve -
China's economy reveals pockets of softness. Here's what to watch ahead of Friday's data
As China's economy moves into the second quarter of the year, a few indicators are raising expectations for monetary policy easing.CNBC - Business - China -
Larry Hogan wins GOP Senate primary in Maryland
Former Maryland Gov. Larry Hogan (R) has won the Republican nomination in the closely watched race for the state's open Senate seat, according to a projection from Decision Desk HQ. Hogan is vying to succeed retiring Democratic Sen. Ben Cardin ...The Hill - Politics -
GameStop’s meme-stock rally is a ‘short-term baseless frenzy,’ brokerage CEO says
The meme rally that sent shares of GameStop Corp. soaring this week will likely peter out in a couple of days, says Dan Raju, the CEO of cloud-based financial-services provider Tradier.MarketWatch - Business -
Nvidia CEO Jensen Huang saw his pay jump 60% last year, topping what rivals made
Nvidia CEO Jensen Huang’s base salary stayed the same last fiscal year — but other sources drove a sharp increase in his total compensation.MarketWatch - Business -
House Democrat presses oil CEOs for details of Trump's fundraising dinner at Mar-a-Lago
In letters to nine oil CEOs, the House Oversight Committee's top Democrat asked for details of any pledges Trump made as he asked them for campaign donations.CNBC - Business - Donald Trump -
Google CEO Pichai says company will 'sort it out' if OpenAI misused YouTube for AI training
YouTube's videos have been used to help companies with AI model training.CNBC - Business - Google -
Lisa Bluder retires: Iowa coach steps away after 24 seasons with Hawkeyes, two straight title game appearances
Bluder, 63, helped Caitlin Clark become Division I college basketball's all-time leading scorerCBS Sports - Sports -
Iowa coach Lisa Bluder retires after Caitlin Clark's departure; longtime assistant Jan Jensen to take over
Bluder coached Iowa for 24 years. She's retired at the conclusion of the Caitlin Clark era.Yahoo Sports - Sports -
Recapping Paul Skenes’ debut, Rockies sweep the champs, Cardinals’ deep-rooted problems & Dylan Bundy retires
Jake Mintz & Jordan Shusterman talk about Paul Skenes’ eventful debut with the Pirates this weekend, the Rockies completing a shocking sweep, the deep- rooted problems the Cardinals are facing and the woeful retirement of Dylan Bundy.Yahoo Sports - Sports -
Larry Hogan, Maryland’s Former Governor, Wins G.O.P. Senate Primary
Mr. Hogan’s popularity in the deep-blue state sets up an uncommonly competitive general election contest.The New York Times - Top stories -
Can banks really fix the climate crisis?
New research suggests that their green commitments are not paying off yetFinancial Times - Business - Climate