Netflix chief accounting officer gives up $2.4 million position after just 4 months on the job

Netflix Inc. is seeking a new chief accounting officer after its current one quit the role after less than four months. The streaming giant NFLX, -4.49% said in a regulatory filing Friday that Ken Barker has submitted his resignation effective Oct. 7. Barker, 55, joined the company on June 27 from Electronic Arts Inc. EA, … Read more

‘She never explained anything’: I’m a senior citizen and I lost $100,000 in the stock market this year. Can I sue my financial adviser?

I am a senior citizen and have suffered major losses to the tune of $100,000 in the recent stock market turmoil. Can I sue my financial adviser? I understand the dynamics of the market as far as its ups and downs, and have ridden them out before. However, it’s been different with the market in … Read more

Dow drops over 300 points as Fed decision looms over market, Treasury yields jump

US stocks traded lower early Tuesday as the Federal Reserve prepared to kick off its two-day interest-rate-setting meeting, with a profit warning from Ford Motor Co. the latest example of the supply chain woes still hitting companies. What’s happening The Dow Jones Industrial Average DJIA, -1.33% dropped 327 points, or 1%, to 30,694. The S&P … Read more

‘We’re seeing a complete reversal of market conditions in just 12 months’: Rents fell from July to August — the first decline in nearly two years

At last, a glimmer of hope for tenants: asking rents for apartments actually fell between July and August, according to a new analysis — breaking a 20-month growth streak. “We’re seeing a complete reversal of market conditions in just 12 months, going from demand significantly outstripping available units to now new deliveries outpacing lackluster … Read more

Norway’s sovereign fund will shun Canadian cannabis companies because the substance is still illegal in that country

Norway’s $1.2 trillion pension fund said it will not invest directly or indirectly in four Canadian cannabis stocks because cannabis remains illegal within its borders. The Norwegian Government Pension Fund Global said production and sale of cannabis for recreational use “should be excluded as a new criterion for the exclusion of companies” from the fund. … Read more

How the wisdom in Wordle can help you find your next job

I’ve never much enjoyed doing crossword puzzles. But this past summer, I got hooked on Wordle. For those who are unfamiliar, Wordle is a free web-based word game that became wildly popular during the pandemic. Each day, you’re given six attempts to guess one five-letter word. The goal is to solve the puzzle in as … Read more

Is your job-hopping helping or hurting your retirement?

This article is reprinted by permission from NerdWallet. The investing information provided on this page is for educational purposes only. NerdWallet does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks, securities or other investments. Millennials have been coined the “job-hopping generation,” and I’ve contributed … Read more

Alibaba stock gains after earnings as company says trends are improving

Shares of Alibaba Group Holding Ltd. closed up 1.8% Thursday after the Chinese e-commerce company topped expectations with its latest financials and indicated that business trends improved as the June quarter wore on. The company posted net income of RMB22.7 billion ($3.4 billion), or RMB8.51 per American depositary share, compared with RMB45.1 billion, or RMB16.38 … Read more

EY plan to split audit and consulting arms slowed down by leadership shifts, debt

Ernst & Young’s effort to split its audit and consulting businesses has been slowed by a change in its US leadership, as well as complications over its multibillion-dollar debts, according to people familiar with the matter. A “go or no-go” decision by the Big Four accounting firm’s senior executives, originally scheduled for June, is now … Read more

Bank of America, Marriott CEOs to meet with Biden on economy as recession debate heats up

President Joe Biden is due to huddle with a small group of top CEOs on Thursday and speak on the US economy, following the release of a report that’s intensifying the debate about whether a recession has already begun. Biden is scheduled to speak twice on economic topics, first at noon Eastern on a newly … Read more