Rivian Automotive has announced significant upgrades to its R1 pickup and SUV models for the 2025 model year. These second-generation vehicles have been redesigned to enhance range, performance, and computing power. The company has made notable changes to over half of the hardware components for these updated models, as well as reengineered the batteries and
Mega backdoor Roth conversions are a popular strategy among investors looking to boost their tax-free retirement savings. This involves making after-tax 401(k) contributions, which are then shifted to Roth accounts. Unlike regular backdoor Roth conversions, mega backdoor conversions allow investors to exceed the yearly 401(k) deferral limit, providing an opportunity to save more for retirement.
The PGA Tour and the Saudi-backed LIV Golf have been actively engaging in discussions, as revealed by a source familiar with the matter. This comes a year after the initial announcement on CNBC where they disclosed their intention to form a partnership. The talks have been described as “extremely active” and involve the PGA Tour
The global workforce has seen a significant shift towards remote work in recent years, with the COVID-19 pandemic playing a major role in accelerating this trend. While the initial transition to remote work was driven by necessity, it has now become a preferred choice for both companies and employees. According to labor economists, remote work
Salesforce, a leading enterprise technology company, recently announced the opening of an artificial intelligence center in London, showcasing a strong belief in the U.K. as a flourishing global tech hub. The new facility, spanning over 40,000 square feet in London’s Blue Fin building, is designed to accommodate more than 300 individuals. This move is intended
Boeing CEO Dave Calhoun is set to testify before a Senate panel on June 18, where he will be addressing serious concerns raised by whistleblowers regarding quality control at the aircraft manufacturing company. This move comes as Boeing continues to grapple with a safety crisis that has significantly impacted its reputation and credibility. Senator Richard
American Airlines CEO Robert Isom made a bold move on Wednesday by offering flight attendants an immediate 17% wage increase as contract talks with the Association of Professional Flight Attendants continue without a resolution in sight. The airline and the union have been at odds over various issues, particularly pay, with flight attendants not having
Lululemon, a well-known athletic apparel retailer, recently reported flat comparable sales in the Americas, its largest market. Despite beating Wall Street’s earnings estimates, the company only narrowly topped revenue expectations. In its first fiscal quarter, Lululemon reported earnings per share of $2.54, surpassing the expected $2.38, and revenue of $2.21 billion, slightly above the anticipated
Generation X, often referred to as the sandwich generation, finds themselves in the challenging position of balancing financial and emotional responsibilities for both their adult children and aging parents. This generation not only has to manage their current lifestyle aspirations but also secure their retirement future. The juggling act of life and finances can be
Dollar Tree recently made headlines by announcing its contemplation of a sale for its struggling Family Dollar brand. This decision comes on the heels of the company’s plan to close almost 1,000 Family Dollar stores in an effort to turn around the business. With over 500 locations already shuttered in the fiscal first quarter, Dollar