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UNITED NATIONS (AP) — The leaders of Serbia and Kosovo sparred at the United Nations over the latter's ban of the use of the Serbian currency in areas where minority Serbs live, the latest crisis between the two governments. The dinar was widely used in ethnic Serbian-dominated areas, especially in Kosovo's north, to pay pensions and salaries to staff in Serbian parallel institutions, including schools and hospitals. In 1999, a 78-day NATO bombing campaign ended a war between Serbian government forces and ethnic Albanian separatists in Kosovo. Serbian forces were pushed out but Belgrade never recognized Kosovo’s independence and still considers it a Serbian province. The European Union and the United States expressed concern that Kosovo’s ban of the dinar could raise tensions in an already volatile region and called for consultations and a delay in the ban.

Persons: Aleksandar Vucic, ”, Albin Kurti, ” Kurti, Linda Thomas, Greenfield, Dmitry Polyansky, Kurti Organizations: UNITED NATIONS, Kosovo sparred, United Nations, . Security, NATO, Albanian, European Union, Center for Peace Locations: Serbia, Kosovo, Serbian, Kosovo's, Belgrade, Western Europe, United States, Pristina

☆ Senators to question Merck, J&J and Bristol Myers Squibb CEOs over high U.S. drug pricing
▼ + stars: | 2024-02-08 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +2 min

Senators will question the CEOs of Johnson & Johnson , Merck and Bristol Myers Squibb on U.S. drug prices at a hearing Thursday, as lawmakers on both sides of the aisle work to rein in high health-care costs for Americans. Prescription drug prices in the U.S. are also more than 2.5 times as high as those in other high-income nations, another federal report showed. The Senate Health, Education, Labor and Pensions Committee says that's especially true for some of the top drugs from J&J, Merck and Bristol Myers Squibb. ET and include testimony from J&J CEO Joaquin Duato, Merck CEO Robert Davis and Bristol Myers Squibb CEO Chris Boerner. A spokesperson for Bristol Myers Squibb did not immediately respond to a request for comment ahead of the hearing.

Persons: Sen, Bernie Sanders, Ed Markey, Joaquin Duato, Robert Davis, Chris Boerner, Duato, Davis, Bristol Myers, Eli Lilly's, J Organizations: Capitol, Johnson, Merck, Bristol Myers Squibb, U.S, Health, Education, Labor, Pensions, Bristol Myers, CNBC, J, Bristol Locations: U.S

☆ A US veteran who says he fought in Ukraine accused Mike Johnson and MAGA Republicans of 'supporting the genocide of innocent people'
▼ + stars: | 2024-02-07 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewA US veteran who says he fought in Ukraine blasted House Speaker Mike Johnson, MAGA Republicans, and those who are blocking aid to Ukraine. The White House and war experts have said that Ukraine would fall without additional aid. AdvertisementHe also claimed to have seen the mass grave in Izium, a city in Ukraine that was eventually recaptured from Russia. Jackson added: "However imperfect we may be, we can come together on the simple fucking question that genocide is bad."

Persons: —, Mike Johnson, MAGA, John Jackson, Jackson, Jose Colon, Ronald Reagan Organizations: Service, MAGA Republicans, Business, Russia, Anadolu Agency, Getty, Republican Locations: Ukraine, Israel, Mexico, Izium, Russia, Ukrainian, South Africa

☆ Analysis-Russia's GDP Boost on Military Spending Belies Wider Economic Woes
▼ + stars: | 2024-02-07 | by ( Feb. | At A.M. | ) www.usnews.com time to read: +5 min

Other economists say Russia is pumping the economy with one-time, unproductive investments that yield limited future benefit. 'NOT ALL GROWTH IS GOOD'The International Monetary Fund expects Russia's economy to grow faster than all G7 economies this year but less than emerging European economies. Military expenditure has supported economic growth of countries at war throughout history. According to Rosstat, Russia's labour productivity index, one of Putin's key national development goals, fell 3.6% year-on-year in 2022, its steepest annual fall since the aftermath of the global financial crisis in 2009. "I don't see current economic growth as lasting or qualitative," said Nadorshin.

Persons: Darya Korsunskaya, Alexander Marrow, Vladimir Putin, Sergei Khestanov, Alexandra Suslina, CAMAC, Rosstat, Anton Kotyakov, Yevgeny Nadorshin, Central Bank Governor Elvira Nabiullina, Darya, Gareth Jones Organizations: Statistics, Reuters, Soviet Union, International Monetary Fund, IMF, Labour, PF, Central Bank Governor Locations: Russia, Ukraine

☆ Medicare now negotiating price of drug that costs $7,100 in US vs. $900 in Canada
▼ + stars: | 2024-02-06 | by ( Tami Luhby | ) edition.cnn.com time to read: +3 min

The annual list price of Bristol Myers Squibb’s Eliquis, a blood thinner that reduces the risk of stroke, is $7,100 in the US. Johnson & Johnson’s arthritis drug Stelara carries an annual list price of $79,000 in the US. Johnson & Johnson declined to comment on Sanders’ report. Medicare launches drug price negotiationsOther nations typically pay far less for medications, in large part because their governments often determine the cost. Those who have yet to meet their deductible and the uninsured may have to pay the full list price.

Persons: CNN — Sen, Bernie Sanders, Bristol Myers, it’s, Johnson, Sanders, drugmakers, Biden, Donald Trump, Sanders ’, Bristol Myers Squibb, Merck Organizations: CNN, Bristol, Health, Education, Labor, Pensions, Johnson, Merck, Bristol Myers Squibb, Medicare, Bristol Myers Locations: Japan, Canada, Germany, United Kingdom, France, Vermont

The Dearborn, Michigan, automaker posted a $523 million net loss from October through December versus a $1.26 billion profit for the same period a year ago. Ford reported a $1.7 billion noncash accounting loss during the quarter on remeasurement of pension and other post-retirement employee benefits. UAW workers shut down the company’s largest and most profitable factory in Louisville, Kentucky, which makes big SUVs and heavy-duty pickup trucks. The UAW strike began Sept. 15, targeting assembly plants and other facilities at Ford, General Motors and Jeep maker Stellantis. At the end of the contract, top-scale assembly workers will make about $42 per hour, plus they’ll get annual profit-sharing checks.

Persons: —, Ford Organizations: DETROIT, — Ford Motor Co, United Auto Workers, Wall, FactSet, Revenue, UAW, Ford, General Motors Locations: Dearborn , Michigan, Louisville , Kentucky

☆ Sebastian Pinera: Former Chilean president has died in a helicopter crash, says his office
▼ + stars: | 2024-02-06 | by ( Anneclaire Stapleton | Tara John | ) edition.cnn.com time to read: +3 min

CNN —Former Chilean President Sebastian Pinera has died in a helicopter crash in Chile. At the time of the crash, there was widespread rainfall in the area, but it is unclear if the weather caused the crash. Pinera, who was 74 years old, was Chile’s president from 2010 to 2014 and again from 2018 to 2022. The unrest led then-outgoing President Pinera to agree to a popular vote about the need to change the constitution inherited from the dictatorship. “I met President Pinera several years ago.

Persons: CNN —, Sebastian Pinera, of Interior Carolina Tohá, Pinera, Gabriel Boric, “, ”, Pinera’s, Michelle Bachelet, ” Boric, Luis Lacalle Pou, Javier Milei Organizations: CNN, CNN — Former Chilean, Chilean, of Interior, Harvard University, Forbes, Banco Locations: Chile, Ríos, Chilean, United States, San Jose, Uruguay, Argentina

It may be just electioneering: López Obrador leaves office in September, and he really wants his party’s candidate, former Mexico City mayor Claudia Sheinbaum, to win the presidential elections. López Obrador has made other unfulfilled promises in the past, like pledging Mexico would have a health care system “better than in Denmark." But the cost of what López Obrador is proposing for pensions is striking. The other half of Mexicans, who work under the table in the ‘informal’ economy, have no pension program at all. It seems unlikely to be achieved, so why would López Obrador propose it?

Persons: —, Andrés Manuel López Obrador, López Obrador, Claudia Sheinbaum, “ It's, Morena, ”, Gabriela Siller, It's, he'll, “ López Obrador, Claudia, Sheinbaum, Viri Ríos Organizations: MEXICO CITY, Mexico City, Morena, Nuevo Leon, Banco Base, López Obrador doesn’t, National Guard Locations: MEXICO, Mexico, Denmark, Morena

☆ He moved to Italy with his husband. Then his ex-wife bought a home down the road
▼ + stars: | 2024-02-03 | by ( Tamara Hardingham-Gill | ) edition.cnn.com time to read: +14 min

Over five decades later, Randy Allen and Cindy Harding Nannarelli from the US are both living in Italy with their husbands. In fact, the two couples’ homes in Noto, Sicily are located just a short distance from each other. “There was a long period where we lost touch,” says Randy, explaining that he moved around a lot during that time. Randy AllenAs Steve had never been to Italy before, they traveled there soon after, and Randy was able to introduce his new husband to Cindy and Sandro. Randy, Steve and Cindy have all found life in Italy to be more affordable than in the US.

Persons: CNN —, Randy Allen, Cindy Harding Nannarelli, ” Randy, Randy, Cindy, Randy Allen “, ”, “, Sandro, Italy “, Steve Bertiz, Steve, Mimi, Lola, Donald Trump, Steve “, Florence –, they’d, grandmother’s, wouldn’t, ‘, ’ ” Randy, Luigi, they’ve, Giorgia Meloni, ’, Fried, ” Cindy, Sandro wasn’t, “ Noto, “ We’re, you’re Organizations: CNN, CNN Travel, Social Security Locations: California, Italy, Noto, Sicily, Europe, Italian, Florence, Germany, Mexico, Portugal, ”, San Francisco, Noto , Sicily, Noto . “, American, Greece, America

Paying state salaries and pensions - this means compensation for teachers, doctors, nurses, civil servants and other public-sector employees. Ensuring smooth power and water supplies, and keeping other public services running. Bohdan Yeremenko, a Ukrainian lawmaker and former diplomat, told Ukrainian media on Thursday that he expected the government to use some of the funds to ease downward pressure on the hryvnia, saying it was important for macroeconomic stability. Safety net for foreign investments in Ukraine. Yevheniia Kravchuk, another deputy from Zelenskyy’s Servant of the People party, told the German broadcaster Deutsche Welle Friday that Kyiv will use some of the aid to provide insurance and stable financing for foreign investments, including plants that produce arms and ammunition.

Persons: Bohdan Yeremenko, Yevheniia Kravchuk Organizations: People, Deutsche Welle Locations: Ukrainian, Ukraine, German

☆ Grateful for E.U. Aid, Ukraine Now Waits for the United States
▼ + stars: | 2024-02-01 | by ( Andrew E. Kramer | ) www.nytimes.com time to read: 1 min

Ukrainian officials were quick to thank the European Union Thursday for approving an assistance package of about $54 billion, funds that will help alleviate a potentially severe financial crisis. The money will cover pensions, payments to people displaced by war and routine outlays such as salaries for teachers and doctors. But in thanking his European neighbors, Ukraine’s president, Volodymyr Zelensky, also alluded to uncertainty over future American support, which Ukraine also needs. A $60 billion aid package for Ukraine is currently languishing in the United States Congress. Europe’s commitment, Mr. Zelensky said, would “send a signal across the Atlantic.”“Europe sets the tone for global affairs,” he told the E.U.

Persons: Volodymyr Zelensky, Zelensky, ” Organizations: United States Congress Locations: Ukraine, Europe

☆ Retiree Travels the World As a House-Sitter, Rents Own Home on Airbnb
▼ + stars: | 2024-02-01 | by ( Claire Turrell | ) www.businessinsider.com time to read: +6 min

I resigned from my job and booked my first house sit that winter in Breckenridge, Colorado. How to choose a good house sitI have now completed over 25 house sits. When I take on a house sit, I make sure I'm close to public transport or have access to a car. However, I've been so busy with house sits recently I haven't stayed there for almost a year. My last house sit in Naples, Florida, included two dogs, two cats, a guinea pig, two geckos, and a tortoise.

Persons: —, Bernadine, you'd, would've, I'd, wouldn't, shih, I've, haven't Organizations: Service, Business, Lady, Social Security, Virgin Islands, New Zealand Locations: Bernadine Swale, Swale, Denver, Breckenridge , Colorado, New Zealand, New York, Botswana, St Croix, Virgin, Caribbean, Japan, States, Airbnb, United States, Naples , Florida

☆ With Aid Stalled, Ukraine Scrambles to Make Ends Meet
▼ + stars: | 2024-01-31 | by ( Andrew E. Kramer | ) www.nytimes.com time to read: +1 min

Strapped for cash as well as personnel and equipment for its war against Russia, Ukraine’s government says it has cobbled together financing to last several months without long-stalled aid from the United States and Europe. But further delays would trigger an all-but-certain economic crisis, officials and analysts say. Museums and theaters — as well as government research institutes and universities — could be forced to shut their doors. Restaurants, department stores and a host of other businesses currently remain open in Ukrainian cities away from the front line. But without enough financial aid, the ripple effects would quickly be felt across the economy, as the government runs out of cash to support a wide range of people and institutions.

Persons: Ukraine’s Locations: Russia, United States, Europe

☆ UPS announces 12,000 job cuts, says package volume slipped last quarter
▼ + stars: | 2024-01-30 | by ( Laya Neelakandan | ) www.cnbc.com time to read: +2 min

UPS fell short of Wall Street revenue estimates Tuesday, reporting drops in shipping volume, both internationally and domestically, in its fourth-quarter earnings report. The company also announced 12,000 layoffs as part of an effort to align resources in 2024. The workforce reductions will save the company about $1 billion in costs, CEO Carol Tomé said on a company earnings call. Adjusting for one-time items related to pensions and intangible assets, UPS earned $2.47 per share. The company reported a 7.4% drop in average daily volume domestically and an 8.3% decrease internationally.

Persons: Carol Tomé, Tomé Organizations: United Parcel Service, UPS, Teamsters Locations: Cape Cod, Orleans , Massachusetts, Europe

☆ Merck, Johnson & Johnson CEOs agree to testify in Senate hearing on high drug prices
▼ + stars: | 2024-01-26 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +3 min

Sen. Bernie Sanders, I-Vt., holds his news conference with Sen. Ed Markey, D-Mass., in the Capitol on Thursday, January 25, 2024, on issuing subpoenas for pharmaceutical company CEOs to testify regarding drug prices. The CEOs of Merck and Johnson & Johnson have voluntarily agreed to testify at an upcoming Senate hearing on high drug prices in the U.S., Sen. Bernie Sanders announced Friday, as lawmakers ramp up efforts to rein in health-care costs for Americans. Meanwhile, Bristol Myers Squibb CEO Chris Boerner and another unnamed pharmaceutical CEO agreed to initial invitations to testify. The push to cut drug prices is one of the rare issues that has united both major political parties in recent years — though they have often backed different approaches to doing so. Last year, the Senate Health Committee similarly heard testimony from the CEOs of Moderna , Eli Lilly , Novo Nordisk and Sanofi on high drug prices.

Persons: Sen, Bernie Sanders, Ed Markey, Johnson, Joaquin Duato, Robert Davis, Chris Boerner, Sanders, Januvia, Bristol Myers, Joe Biden's, J, Eli Lilly Organizations: Merck, Johnson, Health, Education, Labor, Pensions, Bristol Myers, Bristol, J, Moderna, Novo Nordisk, Sanofi Locations: U.S

☆ Italy, EU's Oldest Country, Plans More Spending for Elderly
▼ + stars: | 2024-01-25 | by ( Jan. | At A.M. | ) www.usnews.com time to read: +2 min

The government was set to present the package at the end of a cabinet meeting later on Thursday. With a median age of 48, Italy is the EU's oldest country, and also has the highest old-age dependency, defined as the ratio of people aged 65 and over to those of working age, according to statistics agency Eurostat. Pensions already eat up more than 15% of gross domestic product (GDP), and the Treasury expects spending to reach 17% of output in 2042. In its 2024 budget, the government earmarked around 1 billion euros for several measures aimed at addressing Italy's demographic crisis. One temporarily removes social contributions paid by working mothers with at least two children.

Persons: Giorgia Meloni, Angelo Amante, Giuseppe Fonte, Alvise, Peter Graff Organizations: Italian, Reuters, Ageing, Pensions, Treasury Locations: ROME, Italy, Rome

☆ Corporate America's loyalty problem is on display in Big Tech
▼ + stars: | 2024-01-22 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +8 min

In today's big story, we're looking at how there's no more loyalty in corporate America between employers and their workers. Business Insider's Aki Ito, who has covered workplace trends better than anyone, dove into the deterioration of loyalty in corporate America. The best example of the deterioration of loyalty in corporate America these days is in Big Tech. AdvertisementOne year later, Big Tech's layoffs are back and could become the new normal, Business Insider's Peter Kafka writes. However, the best representation of the growing employee-employer chasm in Big Tech is at Google.

Persons: —, hustleharder, Insider's Aki Ito, they're, Insider's Peter Kafka, Kali Hays, BI's Eugene Kim, Ashley Stewart, Long, Sundar Pichai, BI's Hasan Chowdhury, Brian Moynihan, Moynihan, Laura Labovich, Asher, Emerson, Bill O'Leary, there's, Frederic J . Brown, haven't, Christian Dior, Dan DeFrancesco, Diamond Naga Siu, Hallam Bullock, Jordan Parker Erb Organizations: Service, Big, Workers, Amazon MGM Studios, Big Tech, Google, OsakaWayne, Investment, New, Bank of America's, Fed, Washington, Getty, Meta, OpenAI Mafia, Shoppers, Spotify, Couture, United Airlines, The, Business Locations: America, Big Tech, Big, Bethesda, That's, Paris, New York, San Diego, London

☆ The end of workplace loyalty
▼ + stars: | 2024-01-22 | by ( Aki Ito | ) www.businessinsider.com time to read: +16 min

Do that, and you generate the kind of trust and loyalty that leads to high productivity and low turnover. A world in which the psychological contract is profoundly broken. In the three decades following World War II, as Rick Wartzman documents in his book " The End of Loyalty ," a booming economy made American companies rich. Today, disillusioned workers might assume that the norm of workplace loyalty was nothing but a capitalistic ruse, a way for companies to exploit their employees. But the new loyalty would recognize that employees have to uphold their end of the bargain.

Persons: I've, Gen Xers, Gen Zers, they'll, Rick Wartzman, Wartzman, Denise Rousseau, Rousseau, who's, Mark, —, it's, I'm, he's, quitters, Nick Bloom, Stanford University who's, Anthony Klotz, Klotz, they're, It's, Aki Ito Organizations: Companies, Kodak, GE, Carnegie Mellon University, Stanford University, University College London, Employers, Business

When Nikki Haley was a South Carolina legislator, she backed budgets boosted by federal aid. Now, Haley is running against Trump for the 2024 Republican nomination saying he is an agent of chaos. The daughter of Indian immigrants, she defeated a 30-year legislative veteran in the Republican primary. As governor, Haley had disputes with fellow Republicans that often seemed personal. But she reminds Republican primary voters that the deals were always for non-union shops.

Persons: Nikki Haley, Haley, Donald Trump, ”, Doug Brannon, “, Bill Clinton, Slick Willie ”, Trump, Roe, Wade, I’m, Rob Godfrey, ” Godfrey, ” Haley, Hillary Clinton, Gresham Barrett, Whit Ayres, Barrett, Sarah Palin, ” Ayres, Palin, Mitt Romney, Romney, “ She’s, Kay Koonce, Haley burnished, Godfrey, Godfrey said, Koonce, Barack Obama’s, Obama, Florida Sen, Marco Rubio, Jan, Ayres, Chris Christie’s, ’ ” Ayres, Christie, Haley “, “ Chris Christie, ” Koonce, ’, Holly Ramer Organizations: Trump, GOP, firebrand, Republican, today's Republican Party, Fox, New York Times, U.S, Rep, Wall Street titans, Gubernatorial, Democratic National Committee, Conservative, House Republicans, Republicans, Florida, Capitol, New, Associated Press Locations: South Carolina, Washington, Charleston, New Hampshire, Columbia, China, New York, Trump, Iowa, New Jersey, Concord , New Hampshire

With 23% of the vote, Wilders stands a good chance of leading any future governing coalition. In the Netherlands, forming a majority coalition with Wilders' party was considered unthinkable not long ago. "And Wilders took off in the polls.”In December, a member of Wilders' party became president of parliament, marking a breakthrough in political acceptance. There is now a real prospect of his far-right party joining, or even leading, a majority governing coalition. Rather than far-right parties being pulled to the center, the center may veer to the right.

Persons: SINT, ”, Geert Wilders, Wilders, ’ ”, Rem Korteweg, “, Walter de Jong, De Jong, Mark Rutte, Tom Theuns, ” Wilders, Theuns, ” Theuns, Jean, Marie Le Pen, Le Pen’s, —, North Africa —, Mark Rutte's, Frans Timmermans Organizations: Party, Freedom, European Union, EU, Party for Freedom, Rabobank, “, Leiden University, National, Frontex, ”, Pulitzer Center, Crisis Locations: SINT WILLEBRORD, Netherlands, Willebrord, Europe, Germany, France, Spain, Sweden, Austria, The Hague, Hungary, Serbia, Poland, Rucphen, Sint Willebrord, Ukraine, Soviet, Syria, Turkey, Belgium, Dutch, North Africa, EU

☆ Considering a move abroad in 2024? These are the best countries for expats
▼ + stars: | 2024-01-13 | by ( Blane Bachelor | ) edition.cnn.com time to read: +26 min

The survey, which has been running for a decade, reflects input from nearly 12,000 expats representing 177 nationalities in 181 countries or territories. John Coletti/The Image Bank Unreleased/Getty ImagesA longtime retirement destination for Americans, Mexico also has attracted more families and the digital nomad set over the past few years. Pros: Mexico ranked first in InterNations’ 2023 Expat Insider survey and has ranked among the top five countries since 2014. Cons: As is the case in Mexico and other countries with large expat communities, there’s growing backlash against the influx of foreigners, especially Americans, and especially in Lisbon. That popularity among auslanders has contributed to a housing pinch in major cities, especially Berlin, where finding accommodation is one of the most stressful aspects of a move.

Persons: It’s, Megan Frye, Frye, ”, “, We’ve, John Coletti, San Miguel de Allende, margarita, Sean Pavone, expats, Alex Ingrim, Chase, Ingrim, it’s, pollsters, they’re, it’s MVV, Arielle Tucker, that’s, auslanders, Andriy Kravchenko, “ Costa, ” David Lesperance, Costa Rica’s, “ Tico, Sebastien Lecocq, Lesperance, he’s, what’s, Emily, ” Tucker, Roth, Tucker, Carte Organizations: CNN, Invest Overseas, Braga, InterNations, Mexico, National Institute of Statistics, Human Rights Watch, Visa, USA, CNN Travel, ”, Spain, International, Travel Association, pollsters Gallup, Michelin, Changi, Cons, United, Costa Rica Costa, Central, Costa, Lesperance, Associates, Panama Panama, Miami of, Panama City, Panama Qualified Investment, Panama Golden Visa, France France Locations: Valencia, Spain, Portugal, Mazatlán, Mexico, United States, Mexico City, Michigan, Mexico Mexico, Plaza Carso, Polanco, North America, —, Oaxaca, San Miguel, Playa, Carmen, InterNations, Portugal Portugal, Porto, Douro, Europe, Lisbon, Western Europe, Madrid, Barcelona, Seville, Bilbao, Catalonia, Catalan, Netherlands, Amsterdam, Statista, Haarlem, Delft, Leiden, Maastricht, Washington, Miami , New York, San Francisco, Germany Germany, Munich, Germany, Berlin, Frankfurt, Stuttgart, Switzerland, Singapore Singapore, Singapore, Asia, Entre, Costa Rica, “, “ Costa Rica, Costa Rican, Panama City, Miami, Miami of Central America, Panama, North, South America, Italy, Venice, Italian, Paris, France, Lyon, Strasbourg

☆ Japan wants higher returns for investors — here's what it's doing
▼ + stars: | 2024-01-12 | by ( Clement Tan | ) www.cnbc.com time to read: +5 min

3D render Da-kuk | E+ | Getty ImagesJapan is stepping up efforts to ensure its listed companies become more efficient with capital allocation and increase shareholder returns this year. "It's not just the Tokyo stock exchange, but the entire Japan government is pushing for better corporate governance right now," said Toru Yoshikawa, a business professor at Waseda University in Tokyo. watch nowWith this move, the onus also falls on Japan's government to ensure steady and reliable returns from Japan's companies. Corporate governance pushMonday's disclosures will be based on information as of December and the releases will be a monthly affair. "If rival companies are doing great improvements in corporate governance, others will tend to follow that move."

Persons: It's, Toru Yoshikawa, Fumio, Yoshikawa, Warren Buffet, Yunosuke Ikeda, Goldman Organizations: Getty, Japan, TSE, Waseda University, The Tokyo Stock Exchange, kickstarted, Japan Inc, Nippon, Savings, Corporate, Tokyo Stock Exchange, CNBC, Toyota, Goldman Sachs Locations: Japan, Tokyo, Denso, Goldman Sachs Japan

☆ China, debt and Disney: Three economic themes that will dominate the Republican primaries
▼ + stars: | 2024-01-11 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

New York CNN —Republican presidential candidates Nikki Haley and Ron DeSantis sparred on a wide range of economic issues during the CNN GOP presidential debate on Wednesday evening. But as Haley and DeSantis duked it out to crown themselves the most fiscally prudent candidate, some clear economic themes began to emerge that will likely have a big influence on the upcoming Republican primaries and beyond: China, debt levels and the government’s role in business. ChinaBoth Haley and DeSantis sought to prove how tough they could be on China. But as my colleague Elisabeth Buchwald points out, the US and China are the first- and second-largest economies in the world. President Joe Biden has also made reducing economic dependence on China a platform in both his 2020 and 2024 campaigns.

Persons: Nikki Haley, Ron DeSantis sparred, Nancy Pelosi’s, ”, “, Ron, you’re, Haley, Haley, DeSantis, Donald Trump, Elisabeth Buchwald, Joe Biden, DeSantis didn’t, Trump, wouldn’t, ” DeSantis, Gary Gensler, “ I’m, ” Sen, Sherrod Brown, Brown, Nick Smart, It’s Taylor, Taylor, Swift, Ramishah Maruf, “ Taylor Swift, Pollstar Organizations: CNN Business, Bell, New York CNN, Republican, CNN, Social Security, Walt Disney Company, FBI, SEC, Securities, Exchange, SEC’s, ”, Banking Committee, Spotify, AMC, Bloomberg Locations: New York, China, Iowa, Beijing, United States, South Carolina, Florida, DeSantis

☆ State-run 'auto-IRA' programs aim to close retirement savings gap
▼ + stars: | 2024-01-04 | by ( Greg Iacurci | ) www.cnbc.com time to read: +4 min

They save about $165 a month, on average, said John Scott, director of Pew's retirement savings project. It's unclear how many other companies instead opted to sponsor their own 401(k) plan or other workplace plan. Why states are stepping inThere's a common thread here: A realization that people aren't saving enough for retirement, Scott said. The typical saver age 55 to 64 has just $71,000 of 401(k) savings, according to Vanguard data. Pew estimates that state spending will rise by $334 billion from 2021 to 2040 due to insufficient retirement savings.

Persons: John Scott, Scott, Pew, Washington —, Roth, they've Organizations: Auto, Workers, Trusts, Center for Retirement, Companies, Vanguard, Social Security Locations: Delaware, Hawaii , Maine, Minnesota , Nevada , New Jersey , New York, Vermont, Massachusetts , Missouri, New Mexico, Washington, U.S

☆ These were the most traded stocks and options heading into Christmas, Interactive Brokers says
▼ + stars: | 2023-12-27 | by ( Fred Imbert | ) www.cnbc.com time to read: +2 min

Interactive Brokers on Tuesday compiled a list of its 25 most traded stocks and options between Dec. 18 and Dec. 22. They also put in more than 62,000 Tesla options orders. Other heavily traded stocks include Nvidia , crypto mining company Marathon Digital and Advanced Micro Devices . They also traded more than 32,000 Nvidia options orders, along with 14,694 for Marathon and over 16,000 for AMD. Clarification: This story has been updated to reflect the data refers to stock and options orders.

Persons: Steve Sosnick, Tesla, it's, Sosnick Organizations: Interactive, Nvidia, Marathon, Devices, Traders, AMD, Nasdaq, Dow Jones

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