A mini retirement is a planned, extended break from full-time work that’s taken before traditional retirement age. Unlike a vacation or employer-sponsored sabbatical, a mini…
Merck on Monday announced the groundbreaking of its new Virginia pharmaceutical manufacturing facility, a cornerstone of the company’s $70 billion U.S. investment strategy. The 400,000-square-foot site in Elkton, Virginia, is expected to create 500 full-time…
JPMorgan Chase CEO Jamie Dimon warned this week that there could be credit risks lurking in the economy, saying that “when you see one cockroach there are probably more.” Dimon spoke on the bank’s quarterly earnings call on Tuesday and acknowledged that the firm had to take a $170 million write-off in…
Business groups are expressing concern that the ongoing government shutdown is having negative impacts on economic activity and the ability of firms to operate and grow. The U.S. Chamber of Commerce on Thursday warned the impact of the government shutdown, which began on Oct. 1, is beginning to have an impact on…
Lawrence Golub, billionaire founder and CEO of private credit firm Golub Capital, emphatically dismissed fears that the rapid growth of private credit, specifically direct lending, is leading to a bubble. Speaking at the ninth annual Forbes/SHOOK Top Advisor Summit in Las Vegas, NV, on Thursday, Golub argued that direct lending…
At the peak of the pandemic, Congress established the Employee Retention Credit (ERC), a program designed to help eligible employers stay afloat during the COVID pandemic. The lure of free money proved to be too much for some, and as checks rolled out, the IRS began to point fingers at…
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Some major airports across the U.S. are refusing to play a video featuring Homeland Security Secretary Kristi Noem blaming Democrats for the government shutdown that has prompted significant flight delays. Those airports are in Las…
