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Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The head of Boeing’s defence business is leaving the company after years of losses from fixed-price contracts and a high-profile debacle with its space capsule that left two astronauts in space.Chief executive Kelly Ortberg said in a memo to employees on Friday that Ted Colbert, who has run Boeing’s Defense, Space & Security arm since 2022, would depart the company “effective immediately”. A Boeing spokeswoman said Colbert was opting to leave.Colbert’s exit is the first change in the company’s executive ranks since…

This article was written byFollowI hold a Master’s in Accounting, am a small business owner, and am an assistant investing educator for beginning and intermediate individual investors. My investing analysis focus is on identifying and developing deep knowledge of great businesses. I have helped manage businesses, spend most of my extra time learning about investing and finance, and have been investing in the stock market for three years with a long-term investment focus. I do not consider myself an expert in stock analysis, but I seek to provide value for investors looking for stock and business information. I will never…

Many Americans have been priced out of purchasing a home or making a move for years now amid elevated mortgage rates, sky-high home prices, and squeezed budgets due to inflation. Although mortgage rates have started to decline some in recent months, the housing market has been largely stalled as would-be buyers and sellers remain on the sidelines, waiting for a more significant decline.So will the Federal Reserve’s larger-than-expected 50-basis-point rate cut on Wednesday make any difference for mortgage rates? Last week, mortgage rates fell to their lowest levels in more than 18 months, with the average 30-year fixed rate note…

Thirty-five years ago, Ken Dychtwald, PhD, wrote a landmark book, Age Wave. It was a thoughtful and well researched analysis on the impact of the baby boom population on the U.S. Dr. Dychtwald (Ken) went on to write many more books (19 in all) about the aging of America, but in this writer’s opinion, Age Wave offered us a seminal work and a prescient look at how the baby boomers, the biggest American population cohort ever, would change our country and the world – in ground-breaking and sometimes heartbreaking ways. After the book became a bestseller, Dr. Dychtwald formed a…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Nike chief executive John Donahoe will retire next month in an abrupt leadership change punctuating a period of dour financial performance at the world’s largest sportswear maker.Nike’s board of directors on Thursday said Elliott Hill, a Nike veteran who previously served as president of consumer marketplace before retiring in 2020, will return to take the top job effective October 14.Nike shares rose almost 10 per cent after the change was announced.Donahoe, formerly of Bain consulting and eBay, has served in the role…

Alliance Entertainment Holding Corporation (NASDAQ:AENT) Q4 2024 Results Conference Call September 19, 2024 4:30 PM ET Company Participants Bruce Ogilvie – Executive ChairmanJeff Walker – Chief Executive Officer, Chief Financial Officer Operator Greetings, and welcome to the Alliance Entertainment Fourth Quarter and Fiscal Year 2024 Financial Results Conference Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. As a reminder, this conference is being recorded. Before we begin the formal presentation, I would like to remind everyone that statements made on the call and webcast may include predictions, estimates or…

Mortgage rates declined again this week, sparking a subtle boost in demand for purchase and refinance applications.  Still, many buyers continue to hold off on making a move while waiting for steeper cuts, as fresh data shows existing home sales eased in August from the month before.Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed that the average rate on the benchmark 30-year fixed mortgage dropped to 6.09%, down from the 6.20% reading of the past two weeks. The average rate on a 30-year loan was 7.19% a year ago. The latest drop in rates comes after the Federal Reserve…

Really, I don’t want to be doing this. I just want a fact-based discussion on retirement income security, so we can fix what needs fixing and stop worrying about things we shouldn’t be worrying about. Is that too much to ask? Apparently, it is. Back in August I published an entire study through the American Enterprise Institute that fact-checked 10 reasons Americans should get over their “denial” there’s a retirement crisis, from Christopher Cook and Teresa Ghilarducci. My conclusion – and I invite you to fact check me if you like – is that none of their 10 reasons really…

Unlock the US Election Countdown newsletter for freeThe stories that matter on money and politics in the race for the White HouseThe International Brotherhood of Teamsters has decided not to endorse a candidate in November’s US presidential election, signalling that a once crucial part of the Democrats’ support may be shifting towards Donald Trump.The powerful union announced its unexpected decision after reporting that a phone poll had found that 58 per cent of its members wanted it to endorse the Republican former president — almost twice the number favouring vice-president Kamala Harris. It was unclear what share of the union’s…

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