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How long $1 million in retirement lasts in cities across the U.S.

Dollars will stretch the farthest in cities like Memphis, Tennessee, but in San Francisco, retirees can blow through $1 million in less than a decade.

5 years ago

Top French court deals blow to Uber by giving driver 'employee' status

France's top court has recognized the right of an Uber driver to be considered an employee, in a ruling that could upend the U.S. firm's business model and potentially require it to pay more taxes as well as benefits such as paid holidays.



5 years ago

Next Bank of England governor Bailey tells UK firms to expect coronavirus help

Andrew Bailey, who is due to become Bank of England governor this month with Britain facing an economic hit from coronavirus, said financial support would probably have to be provided for companies struggling with disruption caused by the outbreak.



5 years ago

Mild weather bolsters U.S. private payrolls in February

U.S. private payrolls increased more than expected in February, pointing to labor market strength before a recent escalation of recession fears ignited by the coronavirus epidemic that prompted an emergency interest rate cut from the Federal Reserve.



5 years ago

U.S. service sector races to one-year high in February

U.S. services sector activity accelerated to a one-year high in February, suggesting underlying strength in the economy despite the coronavirus outbreak, which has triggered financial market fears of a recession and led to an emergency interest rate cut from the Federal Reserve.



5 years ago

Campbell Soup boosts guidance as profit beats forecasts; shares jump

Campbell Soup Co on Wednesday raised its fiscal full-year earnings forecast and posted better-than-expected quarterly profit and sales due to strong demand for soups and snacks, and its shares rose 5% in early trade.



5 years ago

How you can profit from the record low 10-year Treasury yield

A recent surge in demand for safe-haven investments sent the yield on the benchmark 10-year Treasury note below 1% the first time ever. Home buyers and student loan borrowers could benefit.

5 years ago

Fragile safety net leaves U.S. economy vulnerable to coronavirus hit

The spreading coronavirus outbreak poses a double-barreled threat to U.S. workers who face not only the prospect of lost wages if they are forced to stay home during a quarantine but also a fragile safety net to fall back on during such a crisis.



5 years ago

GE says coronavirus will hit first-quarter cash flow, sticks to full-year forecast

General Electric Co predicted on Wednesday that the coronavirus would wipe out a substantial chunk of industrial free cash flow in the first quarter, but stuck to full-year financial targets the company set in January.GE predicted that the outbreak would erase $300 million to $500 million from industrial free cash flow and cause a hit of $200 million to $300 million to its first-quarter operating profit. GE set a forecast for first-quarter earnings of about 10 cents a sh



5 years ago

Fiat Chrysler's U.S. sales chief Reid Bigland who sued company steps down

Fiat Chrysler Automobiles said on Wednesday its U.S. sales chief, Reid Bigland, is leaving the company to pursue other interests.



5 years ago

IMF chief says coronavirus wipes out hopes for faster growth in 2020

The faster spread of the coronavirus will wipe out any hope of stronger growth in 2020, International Monetary Fund Managing Director Kristalina Georgieva said on Wednesday, adding that a third of the Fund's 189 member countries were now affected.



5 years ago

GM challenges Tesla with 'Ultium' batteries and fleet of EVs

General Motors Co Chief Executive Mary Barra said Wednesday the Detroit automaker will invest $20 billion by 2025 in electric and automated vehicles as it races to catch up with Elon Musk's Tesla Inc as vehicles go electric.



5 years ago

GM CEO: North American plants secure 'quite far into this month'

General Motors Co Chief Executive Mary Barra said on Wednesday the automaker's North American vehicle production should be secure from parts shortages caused by the coronavirus outbreak "quite far into this month."



5 years ago

GM launches advanced electric batteries to power its EVs

U.S. automaker General Motors Co on Wednesday launched Ultium, a battery with higher capacity and fast charging capabilities, to power its upcoming line of electric vehicles.



5 years ago

Next BoE governor Bailey sees coronavirus help for UK firms

Andrew Bailey, set to become Bank of England governor just as Britain is facing an economic hit from coronavirus, said financial support would probably have to be rushed out for companies struggling with disruption caused by the outbreak.



5 years ago