valentinrussanov | E+ | Getty Images If you’re among the many workers who are headed for the door, be sure not to forget about the retirement savings account you’re leaving behind. While there have been signs that the so-called “Great Resignation” has slowed — the rate of workers quitting their jobs declined in October, according
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A Hangzhou location of the Element Fresh chain, which entered the bankruptcy liquidation process in December 2021, as the coronavirus pandemic took its toll. Costfoto | Future Publishing | Getty Images BEIJING — Sluggish consumer spending has dragged down China’s economy since the pandemic, with little relief in sight for 2022. Along with the property
A trader works on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., December 28, 2021. Andrew Kelly | Reuters Stock futures were flat on Thursday night ahead of the final trading day of 2021. Futures tied to the Dow Jones Industrial Average dipped 0.03%, while S&P 500
Bill Gates may not love New Year’s resolutions, but he’s still setting large goals for 2022 and beyond. At the top of his list: avoiding future pandemics. In his end-of-year blog post earlier this month, the billionaire Microsoft co-founder and healthcare philanthropist wrote that among the world’s biggest problems, the next Covid-level health scare is
Marko Geber If you couldn’t max out your individual retirement account in 2021, don’t despair. There’s still time to make a contribution to traditional and Roth IRAs. The deadline for putting money into IRAs for this year is April 15, 2022, giving savers an additional four months to contribute. For 2021, the maximum contribution to
In this article OSTK Attorney Sidney Powell looks at attorney L. Lin Wood as he speaks during a press conference on election results in Alpharetta, Georgia, December 2, 2020. Elijah Nouvelage | Reuters A lawyer allied with former President Donald Trump hosted numerous conspiracy theorists looking to overturn the results of the 2020 election at
In this article NCLH RCL CCL The Royal Caribbean Anthem of the Seas cruise ship is prepared for its next voyage as it is docked on December 24, 2021, in Bayonne, New Jersey. Gary Hershorn | Corbis News | Getty Images The U.S. Centers for Disease Control and Prevention on Thursday advised people against going
A recruiter hands out information to a job seeker during a job fair in Miami, Florida, on Dec. 16, 2021. Eva Marie Uzcategui/Bloomberg via Getty Images Initial claims for unemployment benefits ended 2021 near pre-pandemic levels, after an improving labor market led claims to fall roughly fourfold over the course of the year. However, a
Heading into 2022, the 10 wealthiest individuals in the world are all worth more than $100 billion, according to the Bloomberg Billionaires Index. Some of these individuals, like Bill Gates and Jeff Bezos, have been worth $100 billion for some time: Gates first reached the mark in 1999, while Bezos did it in 2017. But
Saul Loeb | AFP | Getty Images New Year’s Day luck could end up making a Powerball player a few hundred million dollars richer. No ticket matched all six numbers drawn Wednesday, which means the jackpot has climbed higher: It’s an advertised $483 million for Saturday night’s drawing, up from $441 million. The top prize
In this article JBLU JetBlue Airways Airbus A320 passenger aircraft landing at John F. Kennedy International Airport in New York City. Nik Oiko | LightRocket | Getty Images JetBlue Airways is cutting close to 1,300 flights from its schedule from Thursday through mid-January in anticipation of more Covid-19 infections among pilots and flight attendants. New
U.S. stock index futures were little changed during overnight trading Wednesday after the S&P 500 and Dow Jones Industrial Average closed at new records. Futures contracts tied to the Dow Jones Industrial Average inched higher, while S&P 500 futures were unchanged. Nasdaq 100 futures were slightly lower. During regular trading on Wednesday the S&P 500
James “Jimmy” Cayne, the swaggering bridge-champion Wall Street CEO who led investment bank Bear Stearns during its rise and ultimate fall that would serve as a touchstone for the financial crisis of 2008, has died at age 87. Cayne died Tuesday days after suffering a stroke, according to a report in Bloomberg. One of the
Samuel Corum/Bloomberg Democrats seem to have nixed the idea of taxing returns on unsold stock and other assets, favoring other ways to raise revenue as part of a nearly $2 trillion social and climate bill. Scrapping that tax on “unrealized capital gains” would primarily benefit the richest Americans, who hold the bulk of the country’s
A Covid-19 rapid PCR test site sign at Cape Town International Airport in Cape Town, South Africa, on Friday, Dec. 3, 2021. Dwayne Senior | Bloomberg | Getty Images The World Health Organization on Wednesday cautioned that omicron has not spread widely among the populations most at risk, making it difficult to determine whether or
A Thai investor checks an electronic board showing stock prices. Amphol Thongmueangluang | SOPA Images| LightRocket | Getty Images Some 2021 Asia-Pacific IPOs have seen a sharp reversal in their fortunes since their strong market debuts. At the top of the list is Chinese short video company and Tiktok-rival Kuaishou, which more than doubled from
Times Square, New York Jason Dean | Moment | Getty Images From the Big Apple to the Bay Area, cities and towns across the country are expecting celebratory crowds come Friday as a pandemic-weary population looks to bid 2021 good riddance. Amid the latest, delta and omicron waves of Covid-19 infections, you might think more
A new exchange is trying to make it easier to hedge against events in politics and other areas. Kalshi, a firm founded by Tarek Mansour and Luana Lopes Lara, was designated as a contract market by the Commodity Futures Trading Commission in late 2020 and officially launched in June. The exchanges offers binary, yes-or-no contracts
Jose Luis Pelaez Inc | DigitalVision | Getty Images Coming off several years of outsized gains in the stock market, investors may be hoping 2022 is like deja vu again. Don’t count on it. While future performance is impossible to predict with certainty, many financial advisors expect returns will come back down to Earth. “We
Chinese stocks currently look “very, very attractive,” but are unlikely to see a quick turnaround in the next few months, according to UBS Global Wealth Management’s Kelvin Tay. “I think China is cheap. If you look at the performance of China this year, on a relative basis, it has actually underperformed by about 40% against