Global Finance

In today’s world, where saving for retirement is crucial, many employers are taking steps to ensure that their employees are building a sufficient nest egg. One popular mechanism that has been gaining traction is “automatic escalation” in company 401(k) plans. This strategy involves automatically increasing workers’ savings rate each year, typically by 1 percentage point
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The Consumer Financial Protection Bureau recently declared that customers of the buy now, pay later industry are entitled to the same federal protections as credit card users. This development has significant implications for the rapidly growing sector, which is currently dominated by fintech firms like Affirm, Klarna, and PayPal. The regulatory framework put forth by
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DocuSign, a popular contract management platform, is adamant about staying a public company and is actively working to showcase its potential in artificial intelligence to investors, according to CEO Allan Thygesen. Despite rumors of private equity firms like Bain Capital and Hellman & Friedman expressing interest in acquiring the company, Thygesen stated in an interview
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The U.S. Securities and Exchange Commission is currently grappling with the decision to approve ether exchange-traded funds, with a verdict expected next week. Ric Edelman, head of the Digital Assets Council of Financial Professionals, believes that the lack of a comprehensive regulatory framework for all cryptocurrencies will likely lead to a delay in approval. Edelman
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China recently reported data that indicated slower growth in retail sales, with only a 2.3% increase in April compared to the previous year. This figure fell short of the expected 3.8% increase, signaling a potential slowdown in consumer spending. The pace of growth was also slower than the 3.1% reported in March, which raises concerns
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The influx of higher-income consumers at Walmart has been a driving force behind the retailer’s recent success. These affluent shoppers have played a significant role in propelling Walmart to all-time stock highs. However, former Walmart U.S. CEO Bill Simon cautions that maintaining these customers will be a daunting task. According to Simon, the Walmart experience,
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