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Search resuls for: "Genna Contino"


6 mentions found


☆ The unemployment rate hit 4% for the first time in 2 years. Here's why economists say you shouldn't worry
  + stars: | 2024-06-21 | by ( Genna Contino | ) www.cnbc.com   time to read: +1 min
The unemployment rate, which has remained low for two years, has been inching higher in the first half of the year, according to data from the Bureau of Labor Statistics. For the first time since January 2022, the unemployment rate ticked to 4.0% last month, up from 3.9% in April. Even though the employment rate has reached the highest it has been in a couple of years, 4% is still historically low, experts point out. Economists say people shouldn't be too concerned because both the number of jobs and the size of the labor force are growing. May's unemployment rate was impacted heavily by people, particularly those who are between 20 and 24 years old, entering and reentering the workforce, according to Moody's Analytics head labor economist Marisa DiNatale.
Persons: Marisa DiNatale, DiNatale Organizations: Bureau of Labor Statistics, Google
☆ As retirement looms, many Gen Xers are still playing catch-up
  + stars: | 2024-06-20 | by ( Genna Contino | ) www.cnbc.com   time to read: +1 min
About half, or 48%, of Gen Xers say they won't have enough money to enjoy their retirement, a 2024 report from global asset management company Natixis Investment Managers found. Gen X is typically defined as those born between 1965 and 1980. "I think where it's very stressful for [Gen X] is being sandwiched in that tug of war, saving for their retirement as well as helping aging parents," said Marguerita Cheng, a certified financial planner and Gen X mother. Gen X is the first generation of U.S. workers to come of age with 401(k) plans as their primary retirement vehicle after employers largely shifted away from traditional pensions in the 1980s. As retirement approaches, Gen X is feeling the financial squeeze — but financial planners say there are still ways to maximize your savings.
Persons: Gen Xers, they'll, Gen, Marguerita Cheng, Cherry, Cheng Organizations: Natixis Investment, Preston D, Blue, Wealth, CNBC, CoreData Research
☆ Gen Z is harnessing 'one of the magical qualities of investing,' advisor says — how it helps them build wealth
  + stars: | 2024-06-14 | by ( Genna Contino | ) www.cnbc.com   time to read: +3 min
More than a quarter of Gen Z, 28%, say they learned about investing in school, compared to 19% of millennials and 12% of Gen X. There's also a greater abundance of information available online and on social media that older generations did not have access to, especially at such early ages. However, experts recommend turning to a trusted financial advisor before taking advice from social media. About three-quarters (76%) of Schwab survey respondents said they don't follow any finance influencers and 65% reported that social media has no impact on their investments. Overall, respondents said they are more likely to engage with a financial advisor (57%) than social media platforms (42%) for financial advice.
Persons: Roth, Ed Slott, Schwab, Gen, There's, Williams Organizations: Stone, Roth IRA, Trust, . Department of Education
☆ WeWork emerges from bankruptcy, announces John Santora as new CEO
  + stars: | 2024-06-11 | by ( Genna Contino | ) www.cnbc.com   time to read: +2 min
WeWork , the shared office space company once valued at $47 billion, emerged from bankruptcy on Tuesday and named Cushman & Wakefield executive John Santora as its new CEO. WeWork filed for Chapter 11 bankruptcy protection in November, with total liabilities of $18.65 billion against assets of $15.06 billion. Santora becomes WeWork's fourth permanent CEO in five years after the company's failed initial public offering in 2019 and subsequent restructuring. He replaces David Tolley, who began service as interim CEO in May 2023 before assuming the permanent CEO position in October. WeWork also announced a new board, including Anant Yardi, CEO of property management software company Yardi Systems.
Persons: John Santora, WeWork, Santora, David Tolley, Anant Yardi, Adam Neumann, Miguel McKelvey, Neumann Organizations: Cushman & Wakefield, Yardi Systems, State
☆ WNBA reports record TV viewership for 2024 season, highest game attendance in 26 years
  + stars: | 2024-06-10 | by ( Genna Contino | ) www.cnbc.com   time to read: +1 min
Indiana Fever guard Caitlin Clark (22) maneuvers past Washington Mystics guard Ariel Atkins (7) and Washington Mystics guard DiDi Richards (12) during the Washington Mystics-Indiana Fever WNBA game at Capital One Arena in Washington, D.C., on June 7, 2024. Across ABC, ESPN, ESPN2 and CBS, the WNBA is averaging 1.3 million viewers per game, tripling last season's average of 462,000 viewers. About 400,000 fans attended games in May, the most first-month attendees in 26 years, according to the league. The number of people tuning in to games on TV grew 60% year over year among people of color. Viewership in the first week of the season more than doubled for young girls and people under age 35.
Persons: Caitlin Clark, Ariel Atkins, DiDi Richards, Angel Reese, We're, Colie Edison Organizations: Indiana, Washington Mystics, Indiana Fever, Capital, Washington , D.C, NCAA, Women's National Basketball Association, ABC, ESPN, ESPN2, CBS, WNBA, Chicago Sky Locations: Washington ,, Jersey
☆ Evergy CFO Kirk Andrews to replace retiring Con Edison CFO Robert Hoglund
  + stars: | 2024-06-10 | by ( Genna Contino | ) www.cnbc.com   time to read: +1 min
Evergy Chief Financial Officer Kirk Andrews will leave to replace Consolidated Edison 's current CFO Robert Hoglund, who plans to retire on July 8, the companies announced Monday. Andrews has been CFO of the Midwest utility company since 2021. Evergy said Geoffrey Ley, vice president, corporate planning and treasurer, will be acting CFO as the company conducts an internal and external search to fill the role. Hoglund, who became CFO in 2005, will leave Con Edison after 20 years with the company. He plans to continue to serve as senior vice president in the transition until his official retirement later in the year.
Persons: Kirk Andrews, Robert Hoglund, Andrews, Evergy, Geoffrey Ley, Con Edison Organizations: Consolidated Edison, Midwest, Con, New York, RPM International Inc Locations: New, New York City, Westchester County
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