Taking time off from work can be a challenge for many Americans, despite recognizing the importance of having paid time off. In a society where workaholism is praised, finding a balance between work and leisure can be difficult. According to a report by the Pew Research Center, 62% of workers consider having paid time off
In a recent analysis by Fidelity, it was revealed that the average 401(k) plan savings rate has hit a record high of 14.2% during the first quarter of 2024. This rate, which includes both employee and company contributions, is inching closer to the recommended benchmark of 15%. Fidelity estimates that a total retirement savings rate
News of the agreement between Paramount and Skydance has sent shockwaves through the entertainment industry. According to CNBC’s David Faber, the deal is set to be announced in the near future after weeks of negotiations. The terms of the merger involve David Ellison’s Skydance, backed by RedBird Capital and KKR, acquiring nearly 50% of class
In the midst of GameStop’s recent roller-coaster ride, Keith Gill, the figurehead of the meme stock movement, has continued to hold on to his significant position in the video game retailer. Known as “DeepF——Value” on Reddit and “Roaring Kitty” on YouTube, Gill has remained steadfast in his investment, as evidenced by a screenshot of his
Jeep, a brand under Stellantis, is aiming to significantly increase U.S. sales of its plug-in hybrid electric vehicles (PHEVs) this year by 40% to 50%. This move comes as a strategic approach to bridge the gap between their traditional gas-guzzling SUVs and the upcoming era of all-electric vehicles. The projected target of selling 160,000 to
Moderna and Merck have recently revealed positive three-year data on their experimental vaccine, which was administered to patients suffering from the most deadly form of skin cancer in combination with the therapy Keytruda. The vaccine, in conjunction with Merck’s Keytruda, has proven to enhance survival rates and demonstrate long-lasting efficacy in a midstage study involving
Monzo, the British digital challenger bank, has reached a significant milestone by reporting its first full year of profitability. The fintech startup revealed in its annual financial results that it achieved pre-tax profits amounting to £15.4 million ($19.6 million) in the 2023-2024 fiscal year. This marks a remarkable turnaround from the previous year, where Monzo
Dutch digital bank Bunq has set its sights on obtaining a banking license from U.K. financial regulators, a move that could open up new opportunities for the company. CEO and founder Ali Niknam expressed optimism about the potential for success, citing the firm’s track record and growth in the European market. However, the road ahead
North Dakota Governor Doug Burgum, who has been rumored to be a potential pick as former President Donald Trump’s running mate, is facing backlash amidst claims that Trump promised oil executives a reduction in regulations in exchange for financial support for his re-election campaign. The Washington Post reported that Trump allegedly made these remarks during
Social media platforms have become a hub for financial information, with TikTok leading the way in providing tips and advice. Generation Z, also known as Gen Zers, are flocking to #FinTok for guidance on managing their finances. This demographic prefers seeking information online rather than from professional advisors, making them more likely to engage with