Executive pay hit a record high for the sixth year in a row, led by a post-pandemic boom in travel and tech
The average CEO earned $14.7 million in compensation in 2021, according to the Wall Street Journal. Read More Source link
China’s COVID-zero controls have caused an economic slump not seen since the pandemic began
China retail sales and industrial output had greater-than-estimated declines in April in an indication of how China’s COVID-zero policy is hurting the economy. Read More Source link
The frequently long waits for insurance prior approvals frustrate doctors and patients needing treatment
Health plans say that prior authorization requirements help them protect patients’ safety and improve the quality of care, but doctors disagree. Read More Source link
Goldman Sachs calculates a worst-case recession forecast as investors dump stocks and crypto
On cue, global stocks and U.S. futures sank on Monday morning. Read More Source link
Goldman Sachs pushed staff to return to the office. Now the Wall Street bank is giving executives unlimited time off
The increasing competition for talent may be pushing Goldman Sachs to offer more flexible leave policies. Read More Source link
Ethereum co-founder says every ‘average smallholder’ impacted by Terra’s stablecoin crash should be made whole
“The obvious precedent is FDIC insurance (up to $250,000 per person),” Vitalik Buterin tweeted, adding that he “strongly supports” helping the “average UST smallholder.” Read More Source link
Bezos takes another shot at Biden on inflation: It ‘most hurts the least affluent’
“Inflation is a regressive tax that most hurts the least affluent,” Bezos tweeted. Read More Source link
FAANGs find little comfort in what charts suggest lies ahead
There might be more punishment in store for the big-tech FAANG companies licking their wounds after a $2 trillion-plus tumble, technicals show. Read More Source link
Goldman, Barclays invest in Alan Howard crypto trading platform
The financing valued the six-year-old company at over $500 million, according to a person familiar with the matter. Read More Source link
Walmart woos college grads with $210,000 future as store bosses
Walmart seeks to bolster the supply of managers for its more than 4,700 U.S. stores amid a tight labor market. Read More Source link