SEB CEO says productivity is key to ensuring banks grow Nordea CEO predicts half of bank jobs to vanish in 10 years Nordea Bank in Helsinki. Photographer: Vesa Moilanen/AFP via Getty Images Will every second banker lose his or her job in the next decade? The answer to that question is probably “yes,” according to the […]
Well-known author Michael Lewis offers up some sharp words on how Trump has performed one year into the presidency. Lewis tells TheStreet that Trump did do something good in selecting Jerome Powell to lead the Federal Reserve. How the stock market has performed during Trump’s first year in office has borderline shocked Michael Lewis. “If […]
Dear Moneyoloigst, I am 27 years old and a real estate agent in New York City. Lately, I have found myself really thinking about what to do with a sum of money that’s coming in to me from a couple of real estate closings next month. For the past 2 years I have ramped up […]
What it’s like for a student to meet the Oracle of Omaha Several times a year, Warren Buffett invites business students to Omaha, Neb., to listen to the Oracle himself. In mid-October I attended this event along with students from 10 universities and business schools. We met Buffett at the Hilton hotel in downtown Omaha, […]
If you’re a millennial looking to buy a home, put on your boxing gloves: The market is competitive. August housing sales fell to a 2017 low, dropping 3.4% from July’s numbers, according to the US Census Bureau. But while there are fewer homes on the market, there are more people looking to buy. This means the […]
Ready to start tackling your holiday gift list? Join the shopping frenzy—this year, holiday retail sales are expected to top $1 trillion, according to estimates by Deloitte. “People are feeling pretty good about things, incomes are rising, people have jobs, they’re in the spirit to spend and they’re going to spend,” said Vera Gibbons, a […]
You may have made a financial resolution for 2017—but did you keep it? Thirty-six percent of Americans made a financial resolution this year, according to Fidelity. The most popular resolutions? Save more, pay off debt and spend less overall. As the year comes to a close, it’s common for our resolutions to fall by the wayside. […]
Experts say this is the ideal retirement savings timeline. Planning how much to save for retirement, let alone actually putting away the money, can be overwhelming. Knowing is half the battle, but it can be difficult to wade through all the advice out there and get a clear answer to the question, am I where I […]
According to a new report published by CRU Group, cobalt demand is expected to exceed 100kt in 2017 and total demand of cobalt materials are estimated to increase at a CAGR of 11.6 percent over the next ten years. The cobalt market is growing rapidly due to a shift in cobalt demand from metallic products […]
Loneliness kills. Life without friends and family is not just dreary but difficult, especially as we get older. Strong social relationships boost a person’s chances of staying alive by 50 percent, according to a comprehensive 2010 review of 148 studies that followed 309,000 people for an average of 7.5 years. That’s about the same improvement to mortality as the […]
Treasury Secretary Steven Mnuchin speaks during a news briefing at the White House in Washington. Mnuchin is calling on Congress to combine a $7.9 billion disaster relief package for Hurricane Harvey with a contentious increase in the nation’s debt limit. (AP) The U.S. is up against its debt ceiling, with $19.847 trillion in debt securities […]
How real retirees make retirement work Shutterstock – The simple formula for a happy retirement. Every year, there is a new story of the scary “retirement crisis” facing our country. It makes you wonder how real retirees are making retirement work. Have they run out of money, or somehow, are they managing to get by? To […]
