After 15 years at the helm, Piyush Gupta announced last month that he will step down as CEO of DBS Bank in March 2025, to be succeeded by Tan Su Shan, who will become the bank’s first female head and first internal candidate to be chosen for the top spot. Tan, 56, joined the Singaporean … Read more
In a surprise announcement, global food giant Nestlé has named 38-year company veteran Laurent Freixe as CEO, effective September 1, replacing outgoing Mark Schneider. The move reportedly came the day after a board meeting at which Schneider was asked to step down. “[This] is another sign that this is not a planned transition,” Bruno Monteyne, … Read more
Bankruptcy filings are piling up all over the world now that government emergency supports linked to the Covid-19 pandemic have diminished. In the US, the world’s largest economy, more corporations went under in the first half of 2024 than in any comparable period since 2010. In total, 346 companies filed for Chapter 11 bankruptcy, according … Read more
Home Editor’s Letter Two Decisions And A Duel VOL. 38 NO. 8 The end of the summer in the Northern Hemisphere coincides this year with heightened expectations related to two major upcoming events. Both have been announced, but their outcome and potential consequences are uncertain: the November elections in the US and the Federal Reserve’s … Read more
Exchange-traded funds have exploded in popularity since 2000, growing from 66 at the turn of the century to 3,108 in 2023, according to the Investment Company Institute. They are now the most recommended investment by financial planners. Today, ETFs come in all shapes and sizes. Thematic ETFs focus on specific industries like electric vehicles, AI … Read more
Ads by Money. We may be compensated if you click this ad.Ad *Rates and APRs are subject to change. All information provided here is accurate as of August 28, 2024. Money’s Main Takeaways Home equity loans let you access the equity you’ve gained in your home over the years. These loans often have lower interest … Read more
We research all brands listed and may earn a fee from our partners. Research and financial considerations may influence how brands are displayed. Not all brands are included. Learn more. Americans who receive Supplemental Security Income, or SSI, won’t get a payment during the calendar month of September — but there’s no cause for alarm. … Read more
*Rates and APYs are subject to change. All information provided here is accurate as of August 28, 2024. Money’s Main Takeaways Debt consolidation loans can be an effective way to pay off high interest debt if you qualify for a favorable interest rate, make your loan payments on time and don’t accrue any more bad … Read more
Money’s Main Takeaways Home warranties cover system and appliance malfunctions that are due to normal wear and tear, excluding damage from pre-existing conditions. Home warranty companies typically offer plans for home systems, appliances or a combination of both. Service call fees range between $75 and $150. Bear in mind that most home warranty companies have … Read more
After a wonky August that saw two SSI payments, Social Security recipients can expect a semi-normal September payment calendar. Roughly 68 million Americans receive Social Security benefits every month, including almost 9 out of every 10 people age 65 and up. Social Security funds aren’t just for older folks, though. Payments go out to retirees, … Read more