Meet BlackRock, a giant in the financial world that's been making waves. The company, which manages over $11 trillion in assets, just crushed expectations with its latest quarterly earnings. CEO Larry Fink shared that the firm added a massive $2 trillion organically over the past five years, making
Remember Bed Bath & Beyond? It went out of business last year. But now, it's back – in a surprising way! The company, Beyond Inc., is giving it a new life by selling its famous products at a rival store, The Container Store. This partnership comes with a $40 million investment from Beyond Inc., help
Connor Tomasko from Chicago is a money management enthusiast who's urging people to be cautious about keeping money in payment apps. While these apps, like Venmo and Cash App, are easy to use, they don't offer the same protections as banks. For instance, funds in these apps aren't usually insured by
Walgreens, a well-known drugstore chain, has decided to close 1,200 stores over the next three years. This strategic move is part of the company's efforts to save money and improve its bottom line. Among these closures, 500 stores will shut down by the end of 2025. The company believes this will hel
Imagine walking into your local Walgreens store and finding it closed. That's what will happen to 1,200 Walgreens stores across the country by 2025. Why? The company wants to save $1 billion. High inflation and low drug reimbursements are hurting their profits. This year, Walgreens' stock hit a 30-y
Walgreens has decided to shut down around 1,200 of its stores over the next three years. This move is part of the company's strategy to improve its struggling U.S. business. The first 500 closures are expected to happen this fiscal year and should positively impact the company's earnings and cash fl
Nike has a new leader at the helm—Elliott Hill. He started his job on Monday, taking over a company facing tough times. Sales are down, and the stock price isn't looking great. Hill, a long-time Nike employee, retired in 2020 but is now back to steer the company through these choppy waters. Nike's
It's been over a month since Boeing's machinists started their strike, rejecting a contract offer from the company. The ongoing standoff is causing Boeing's new CEO, Kelly Ortberg, some serious headaches. The union and Boeing are still at odds, with negotiations falling apart and production coming t
Health costs are a major worry for U.S. retirees. Long-term care, like nursing homes and home health aides, isn't covered by Medicare. This can lead to huge bills late in life. Planning for these costs is key, says Christine Benz, director of financial planning at Morningstar. Retirement expens
China has been trying to revive its economy by offering support to the struggling property sector and local governments with heavy debt loads. However, recent updates from Finance Minister Lan Fo’an have left economists scratching their heads. They're wondering if the government is truly committed t
