The United States is home to more than 33 million businesses, the vast majority of which are small businesses, with millions being created (and others closing shop) every year. These businesses often rely on loans, provide the goods and services that keep the economy flowing, and sometimes even grow large enough to enter public markets or provide private investment opportunities. Explore key topics central to business and finance, from the role of the Federal Reserve to how initial public offerings work, how millions of American students finance higher education, and more.
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For one year, most annuitants won’t be able to withdraw any funds. After that, most contracts allow them to take out up to 10% of their accumulated total annually before fees, called surrender charges, are applied to their withdrawals.
Referring to MBA programs as “corporate America’s breeding ground,” comedian Dan Toomey recently interviewed experts on MBAs like Adam Grant, as well as MBA students themselves, to get a better idea of why the degree is so popular. Warning: profane language and content.
On average, the total investment for an MBA degree is more than $200K, which includes tuition, living expenses, lost income, and potential interest on student loans. This calculator can help you figure out your own future MBA degree’s estimated ROI based on your unique situation.
The gold reserves were previously used to back the US dollar under the gold standard. Although the US went off the gold standard in 1971, Fort Knox continues to store a large portion of the nation's gold reserves.
In 1938, the New Deal established a minimum wage for one-fifth of the labor force, with many sectors—including service workers—not covered. Today, although the subminimum wage of $2.13 an hour is enforced, a large portion of those paychecks go to taxes like Social Security and Medicare.
The habit runs contrary to economic rationality: Why pay more for a good or service you have already received when it isn’t mandatory? Researchers found that people tip, in part, to avoid the psychological pain of not fitting in.
Tariffs have impacted the wine industry in Canada significantly, given that California winemakers are responsible of 80% of the country's wine supply.
From the classroom to the boardroom, MBA students hear plenty of corporate jargon in their lifetimes (think: “bandwidth,” “turnkey solution,” “modularize,” and more). This website—a relic from the internet—includes an MBA jargon dictionary and a corporate BS generator tool that creates helpful phrases for office life, like “incubate synergistic e-markets.”
Austrian artist Gustav Klimt's most iconic image, "The Kiss," can be seen today printed on tapestries, t-shirts, mugs, and more. The painting comes from a decade in his career where gold held a prominent place. Klimt's family business of goldsmithing, in tandem with inspiration from Byzantine churches, coalesced in his obsession with gold.
That’s a sharp increase from the 75% who thought tipping culture had gone too far in 2024. One potential culprit? The proliferation of tipping screens in places outside sit-down restaurants, such as coffee shops and hair salon. Three in 10 Americans say they give less when presented with tipping screens.