Gen Z says they’re on track for retirement — but they might be overconfident
The youngest workers believe they’ll be able to retire earlier than previous generations. But earlier generations have run into problems — and so will they.
Yotta CEO says 85,000 bank accounts locked
Oscar Wong | Moment | Getty Images When Adam Moelis co-founded a fintech startup named Yotta in 2019, he wanted to give Americans a new way to save money to help them cushion the ups and downs of life. Instead, his company has inadvertently been a source of deep pain for thousands of customers who […]
Agency won’t clear production expansion
Boeing 737 Max 8 fuselages manufactured by Spirit Aerosystems in Wichita, Kansas are transported on a BSNF train heading west over the Bozeman Pass March 12, 2019 in Bozeman, Montana. William Campbell | Corbis News | Getty Images It will likely be months before the Federal Aviation Administration clears Boeing to increase production of its […]
Faraday Future’s stock rises as ‘classic’ meme stock ends roller-coaster month
Shares of the electric-vehicle startup pared back their recent gains Friday.
Pfizer lung cancer drug shows promising long-term trial results
CHICAGO — Pfizer on Friday said its drug for an advanced form of lung cancer showed promising long-term results in a late-stage trial, which may help establish it as the new standard treatment for the condition. The company’s medicine helped patients live longer without seeing their cancer progress, and most people experienced that benefit for […]
Target’s plan to scale back Pride Month merchandise puts it in ‘a no-win situation,’ retail expert says
Target said its 2024 Pride collection will be available on its website “and in select stores, based on historical sales performance.”
FDA approves Moderna RSV vaccine for seniors
The FDA has approved Moderna’s RSV vaccine for older adults. Courtesy: Moderna The Food and Drug Administration on Friday approved Moderna’s vaccine for respiratory syncytial virus for adults ages 60 and above, the company’s second-ever product to enter the U.S. market. The decision is a win for Moderna, which desperately needs another revenue source amid […]
Celtics-Mavericks ticket prices are the most expensive in NBA Finals history
The average listing price for a game ticket in Boston or Dallas exceeds $4,000.
Strong Gap and Foot Locker earnings don’t spell a consumer comeback
The Gap logo is displayed at a Gap store in Los Angeles, April 25, 2023. Mario Tama | Getty Images Retail’s biggest winners during first-quarter earnings aren’t thriving because consumers are suddenly spending more on discretionary goods — it’s because they’re executing well and cash-strapped shoppers are choosing them over competitors. If there’s one takeaway […]
Aston Martin gets a boost from Formula 1, new models
With a parade of new models and a marketing tailwind from Formula 1, sports carmaker Aston Martin expects to become cash-flow positive this year, according to Executive Chairman Lawrence Stroll. “We’re now at a really transitional moment, with an inflection point for this company,” Stroll told CNBC. “We’re introducing all our products, finally, after designing […]
