A recent study conducted by the National Institute on Retirement Security revealed that only 11% of Americans who are not yet retired are aware of the exact amount of Social Security benefits they are eligible to receive. Furthermore, 24% of individuals claim to be “not very sure” about their benefit amounts, while 22% admit to
admin
American Airlines recently made headlines after slashing its profit forecast for the year due to a backfired sales strategy. The airline giant now expects to earn an adjusted 70 cents to $1.30 per share this year, a significant drop from the $2.25 to $3.25 a share it had forecasted earlier. This unexpected decline has left
Southwest Airlines recently announced a potential drop in unit revenue for the third quarter due to an oversupplied U.S. market. This has resulted in airlines having to discount tickets during what is typically the most lucrative period of the year. The company also forecasted an increase in nonfuel costs, which could rise as much as
Britain’s Labour government is gearing up to introduce updated plans to regulate the “buy now, pay later” industry. This comes in the wake of concerns about consumer debt and the need to protect individuals from financial instability. The Treasury department is working on finalizing the regulations, emphasizing the importance of providing certainty for the sector
Berkshire Hathaway’s recent move to dump more Bank of America shares has caught the attention of investors and analysts alike. Over the course of six consecutive trading days, Warren Buffett’s conglomerate has steadily decreased its stake in the bank. This week alone, Berkshire sold an additional 18.9 million shares, generating $802.5 million in proceeds. This
Unilever experienced a significant increase in share prices on Thursday, following the announcement of an upward revision in its full-year margin guidance. The consumer goods giant also provided an update on the progress of the spinoff of its ice cream business, which is expected to be completed by the end of 2025. Share prices surged
In the midst of an increasing demand for carbon-free energy, NextEra Energy is contemplating the idea of restarting the Duane Arnold Energy Center in Iowa. This nuclear plant ceased operations in 2020 after providing 45 years of service. NextEra CEO John Ketchum has emphasized the importance of a thorough risk assessment before making any decisions
Chipotle Mexican Grill has defied industry expectations by reporting quarterly earnings and revenue that surpassed analysts’ predictions. Despite concerns about the health of the restaurant industry, Chipotle saw an increase in traffic at its restaurants, leading to a rise in stock prices. The company’s stock had experienced a decline earlier in the month, but this
In recent times, there has been a noticeable decline in job seeker confidence as reported in a quarterly survey by ZipRecruiter. This decline has taken the level of confidence to its lowest point in over two years. Previously, workers had reason to be optimistic about the job market due to its strength and resilience, despite
The run up to the U.S. presidential election often sees an increase in stock market volatility, leaving investors feeling anxious about the potential impact on their finances. A survey conducted by the American Psychiatric Association revealed that 73% of people expressed anxiety over the election. This anxiety can lead some investors to make impulsive decisions,