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☆ Cruise vehicles cause weekend traffic jam one day after California approves 24-7 robotaxi service
▼ + stars: | 2023-08-14 | by ( Hayden Field | ) www.cnbc.com time to read: +4 min

In an aerial view, Chevrolet Cruise autonomous vehicles sit parked in a staging area on June 08, 2023 in San Francisco, California. On Thursday, California regulators voted to approve round-the-clock robotaxi service in San Francisco from two rival companies: Waymo and Cruise. By Friday night, a group of Cruise vehicles had stopped short in the city's North Beach neighborhood, flashing hazard lights and causing a traffic backup, according to reports. "There's over 10,000 human ride-hail drivers in San Francisco, potentially much more than that, depending on how you count it," Vogt said on the call. So it does not make a very high number to generate significant revenue in a city like San Francisco.

Persons: Cruise, Waymo, Tekedra Mawakana, Chris Ludwick, We've, Ludwick, Kyle Vogt, Vogt Organizations: Chevrolet Cruise, California's Public Utilities Commission, Google, Cruise, General Motors, CNBC Locations: San Francisco , California, Autonomous, San Francisco, California, Cruise, Beach, U.S, Vallejo, North Beach

Here are four important steps to take to determine just how much money you'll need to save:1. Calculate how much you'll need to save during retirementUnderstanding what you expect retirement to look like will help determine how much you'll need in order to fund that lifestyle. In retirement, your savings will cover many of the same expenses that you had prior to retirement. This rule states that retirees can withdraw up to 4% of their retirement savings in year one of retirement. So, if you have $2,000,000 in retirement savings, you would withdraw $80,000 that first year.

Persons: you'll, it'll, Jim Ludwick, They're, Roth, Ludwick, Tolen Teigen, Everyone's, Charles Schwab Organizations: Service, Gallup, Utilities Insurance, Inc, Fidelity, Social Security, IRA, Roth IRA, Consulting, Security Locations: Wall, Silicon, Chevron

☆ Bank of America's Merrill names new leaders to head divisions
▼ + stars: | 2023-05-19 | by ( ) www.reuters.com time to read: +1 min

May 19 (Reuters) - Bank of America Corp's (BAC.N) investment and wealth management arm Merrill named insider Greg McGauley as the head of private wealth management, international and institutional, Merrill said on Friday. Merrill offers investment management services to its clients including, wealth planning, insurance, retirement and savings planning. McGauley joined Merrill in 1994 and has held several senior roles at the company, including leading private wealth services. Lydia DiClemente was also named as the head of Merrill Banking Enablement and Merrill Financial Solution Advisors. DiClemente, who has more than 20 years of experience in the wealth management industry, will also work in partnership with April Schneider, the head of wealth management banking and lending.

☆ The not-quite-redemption of South Africa's infamous ultra-marathon cheats
▼ + stars: | 2022-12-30 | by ( Ryan Brown | ) www.businessinsider.com time to read: +35 min

"A runner can always recognize another runner," Eugene tells me. Ryan Brown for insiderIn those days, they didn't run for South Africa, but for QwaQwa – one of ten "homelands" established for Black South Africans. Tiny, non-contiguous territories – supposedly, the original territory of different Black South African ethnic groups – dotted across the country. It didn't turn out like that, but it didn't turn out like that for most Black South Africans either. As I sat speaking to Sergio, South Africa's president, Cyril Ramaphosa, was fighting for his political life after revelations that wads of cash, potentially ill-gotten, had been stolen from inside his sofa.

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