corporate

Forget the $22,500 limit, some workers can supersize their tax-deferred retirement savings up to $265,000 in 2023

Forget the $22,500 limit, some workers can supersize their tax-deferred retirement savings up to $265,000 in 2023

If you really want to rev up your retirement savings and minimize income taxes, the best thing to be is a late-career professional in private practice. When you’re making a lot of money and are close to retirement age, you have savings options that go way beyond the levels of the typical workplace 401(k) plan. …

Forget the $22,500 limit, some workers can supersize their tax-deferred retirement savings up to $265,000 in 2023 Read More »

Eurozone Inflation Rate Rises to 10.7% as Recession Looms

Eurozone Inflation Rate Rises to 10.7% as Recession Looms

The annual rate of consumer-price inflation in the eurozone increased to double digits in October, reaching a record and highlighting the challenges facing the European Central Bank after it signaled a coming slowdown in the pace of its rate increases. The broad measure of consumer prices has risen sharply since Russia’s invasion of Ukraine and …

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Blackstone, Emerson Electric Strike $14 Billion Buyout Deal

Blackstone, Emerson Electric Strike $14 Billion Buyout Deal

Emerson Electric Cho. EMR 1.76% is selling a majority stake in its climate-technologies business to Blackstone Inc. BX 0.68% in a transformational deal for the industrial company that would value the unit at $14 billion including debt and mark the biggest private-equity buyout in months at a time when such activity has been choked off …

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Americans Take Ketamine at Home for Depression With Little Oversight

Americans Take Ketamine at Home for Depression With Little Oversight

Startups are prescribing ketamine online to treat serious mental-health conditions, raising concern among psychiatrists about the safety of taking the mind-altering anesthetic without medical supervision, sometimes at high doses that raise risks of side effects. Ketamine is approved by the Food and Drug Administration to anesthetize people and animals and has been used safely in …

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Inside a Chinese iPhone Plant, Foxconn Grapples With Covid Chaos

Inside a Chinese iPhone Plant, Foxconn Grapples With Covid Chaos

HONG KONG—Foxconn Technology 2354 -0.76% Group is scrambling to contain a weekslong Covid-19 outbreak at an iPhone factory in central China, trying to appease frightened and frustrated workers during a crucial period for smartphone orders. In Foxconn’s main Zhengzhou facility, the world’s biggest assembly site for Apple Inc.’s AAPL 7.56% iPhones, hundreds of thousands of …

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Exxon Hits Record Profits Again as Oil Industry Sees Banner Quarter

Exxon Hits Record Profits Again as Oil Industry Sees Banner Quarter

The world’s largest oil companies continue to reap rewards from sustained high commodity prices as Exxon XOM 2.93% Mobile Corp. reported almost $20 billion in profit, its most lucrative quarter ever, while rival Chevron Corp. CVX 1.17% reported just a slight dip from the record haul it set in the previous quarter. Despite the hefty …

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The 20 Richest Tech Billionaires Have Lost Nearly Half a Trillion Dollars This Year

The 20 Richest Tech Billionaires Have Lost Nearly Half a Trillion Dollars This Year

The 20 richest tech billionaires have collectively lost nearly half a trillion dollars this year amid the stock market’s sharp tumble, a loss of wealth that is more than the market values ​​of all but seven companies in the S&P 500. The world’s richest tech moguls—including Mark Zuckerberg, Bill Gates and Larry Ellison—have seen more …

The 20 Richest Tech Billionaires Have Lost Nearly Half a Trillion Dollars This Year Read More »

Elon Musk Purchases Twitter, Firing Top Executives

Elon Musk Purchases Twitter, Firing Top Executives

Elon Musk fired several Twitter Inc. executives after completing his takeover of the company, according to people familiar with the matter, capping an unusual corporate battle and setting up one of the world’s most influential social-media platforms for potentially broad change. Mr. Musk fired Chief Executive Parag Agrawal and Chief Financial Officer Ned Segal after …

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The cloud boom has hit its stormiest moment yet, and it is costing investors billions

The cloud boom has hit its stormiest moment yet, and it is costing investors billions

The cloud boom has finally reached a resting altitude, but Wall Street is doing anything but resting. Amazon.com Inc. AMZN, -4.06%, the original pioneer in cloud computing, confirmed Thursday what rivals Microsoft Corp. MSFT, -1.98% and Alphabet Inc. GOOGLE, -2.85% GOOG, -2.34% suggested with their earnings reports earlier in the week: Cloud-computing growth has finally …

The cloud boom has hit its stormiest moment yet, and it is costing investors billions Read More »

Intel to Cut Jobs in Cost-Savings Drive as PC Slump Weighs on Earnings

Intel to Cut Jobs in Cost-Savings Drive as PC Slump Weighs on Earnings

Intel Corp. INTC -3.45% has embarked on an aggressive cost-cutting push as the chip maker tries to navigate a sharp plunge in demand for PCs that has weighed on the company’s earnings. Intel posted a 20% drop in third-quarter sales, issued a forecast for even weaker revenue in the current quarter and lowered its full-year …

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