Boeing, the embattled aerospace giant, recently announced a major management shake-up that will see CEO Dave Calhoun stepping down at the end of 2024. Additionally, Chairman of the board Larry Kellner will be resigning and leaving the board at Boeing’s annual meeting in May. This move comes in the midst of increasing pressure from airlines
China is currently facing a critical decision regarding its economic future. According to the International Monetary Fund’s Managing Director Kristalina Georgieva, the country is at a crossroads where it must choose between sticking to its old economic policies or implementing reforms to stimulate growth. With factors such as low productivity growth and an aging population,
The private equity market in Asia Pacific experienced a significant decline in deal value last year, reaching its lowest point since 2014. This downward trend was accompanied by a drop in fundraising to a 10-year low, reflecting the challenges posed by slowing growth, high interest rates, and volatile public markets. According to Bain & Company’s
Donald Trump is currently facing a severe risk as New York’s attorney general, Letitia James, is poised to start collecting a $454 million civil business fraud judgment against him. The former president’s son, Eric Trump, who is also a co-defendant in the case, has accused James of attempting to bankrupt his father with the judgment.
Income-Driven Repayment Plans have been a part of the student loan landscape since 1994. These plans calculate borrowers’ monthly payments based on their discretionary income, offering a lower payment alternative to standard repayment plans. The remaining debt is typically forgiven after 10, 20, or 25 years, depending on the specific plan. However, a major challenge
When it comes to stable dividend stocks, Enbridge (ENB) stands out as a top choice. As an energy infrastructure company that moves a significant portion of North America’s crude oil production and natural gas consumption, Enbridge has a proven track record of increasing its dividend for 29 consecutive years. With a current dividend yield of
Roundhill Investments, a major exchange-traded fund provider, is gearing up to launch a new fund that will concentrate on companies behind GLP-1 drugs in the health care sector. According to Dave Mazza, the firm’s chief strategy officer, the fund is expected to debut in May. Mazza highlights the importance of monitoring this space closely, as
Breaking up in old age can be a costly affair, especially for women. The term “gray divorce” refers to divorce occurring at age 50 and older, and statistics show that the rate of gray divorce has doubled from 1990 to 2019. A study published in The Journals of Gerontology revealed that the share of Americans
The demand for weight loss drugs in the U.S. is on the rise, with many individuals seeking treatments like GLP-1s for managing conditions like obesity and Type 2 diabetes. However, a recent survey conducted by Evercore ISI has shed light on the concerning relationship between annual income and the willingness to pay for these medications.
In the world of business, challenges often arise that require bold solutions and strategic actions. One such challenge is currently facing Greencore Group, an Ireland-based manufacturer of convenience foods, that has caught the attention of Oasis Management, a global hedge fund known for its activist approach to investing. Oasis Management’s recent interest in Greencore has