Starbucks has gone to great lengths to entice Brian Niccol to take on the role of CEO and Chair, offering him a substantial pay increase and hefty one-time rewards to leave his position as the chief executive of Chipotle Mexican Grill. Niccol is set to start his new role at Starbucks on September 9th, facing
The construction boom in the United States has had a significant impact on the rental market, leading to lower rents and other benefits for renters. With record levels of construction activity since the pandemic, there has been a surge in the supply of empty units, resulting in more inventory being available for renters. In June,
Former President Donald Trump recently proposed an idea that has sparked quite a bit of controversy when it comes to Social Security. He suggested ending taxes on benefit income for seniors, claiming that they should not have to pay tax on their Social Security checks. While this proposal may seem appealing to beneficiaries at first
In a time where economic uncertainty looms large, many investors find themselves unsure of how to navigate their financial choices. Despite some positive economic indicators, a significant portion of the population mistakenly believes that the U.S. is currently in a recession. This misconception can lead to panic and poor financial decisions as people try to
Alaska Airlines flight attendants recently made headlines by rejecting a new labor deal that would have brought immediate raises averaging more than 24%. The union representing the flight attendants stated that despite a tentative agreement reached in June, there is still more work to be done. The rejection of the deal has set the stage
Norway’s sovereign wealth fund recently announced a staggering first-half profit of 1.48 trillion kroner, driven primarily by robust returns on technology stocks. With a value of 17.75 trillion kroner at the end of June, this fund is considered to be the world’s largest sovereign wealth fund. The impressive overall return of 8.6% over the six-month
Market volatility has been a significant concern for investors in recent times, with sharp sell-offs and uncertainty surrounding economic data creating a sense of apprehension among traders. UBS CEO Sergio Ermotti recently shared his views on the matter, stating that while the possibility of a recession in the U.S. cannot be ruled out, a more
Former President Donald Trump and Vice President Kamala Harris have both expressed support for eliminating taxes on tips for service and hospitality workers. This idea has generated mixed reactions from policy experts, with some criticizing the potential consequences of such a policy change. Harris recently voiced her support for tax-free tips during a rally in
The Federal Reserve’s potential interest rate cut has caused a waiting game among homeowners in the housing market, affecting major projects that require financing. The Chief Financial Officer of Home Depot, Richard McPhail, mentioned that many homeowners are postponing moving into new houses or starting projects due to the anticipation of lower interest rates in
Homeowners across the United States are currently in possession of an impressive $17 trillion in equity, a figure that has significantly increased from previous years. This substantial equity growth translates to an average homeowner gaining $28,000 more in equity compared to the previous year. Despite this wealth tied up in home equity, many homeowners are