- BusinessBusiness Insider•19 hours ago
A cryptocurrency for weed is crashing a day after it sponsored Dennis Rodman's trip to North Korea
A digital currency for the legal marijuana industry is plummeting a day after it sponsored Dennis Rodman's trip to North Korea. PotCoin is a digital cryptocurrency — much like bitcoin — that was specifically developed to remove the need for cash transactions
- BusinessBloomberg•22 hours ago
BofA Says $53 Billion Expense Target Is Just the Beginning
Bank of America Corp. will keep cutting costs even after reaching its annual spending goal of $53 billion by finding more ways technology can replace people, Chief Operating Officer Tom Montag said. “There’s more to do after that,” Montag said Wednesday at a conference in New York. “How much technology can we do that replaces people? How many things do we have that we can use it? How much big data can we use that helps us target better and not waste our time on certain things?” Chief Executive Officer Brian Moynihan announced the expense target in July 2016 after profit dropped more than 20 percent, as persistently low interest rates cut into earnings at the Charlotte, North Carolina-based company. Bank
- BusinessMarketWatch•17 hours ago
Consider this career move if you want to climb the corporate ladder
Climbing the corporate ladder isn’t always as straightforward as people make it out to be. In general, American workers move from low-wage to high-wage firms, according to a working paper distributed by the National Bureau of Economic Research. Changing jobs is a money-making proposition for most workers. The overall flow from job to job each quarter leads to a 1% increase in earnings per worker, and 60% of these gains come from workers moving to a better-paying company. Even workers who make lateral moves to similarly paying firms are likely to see wage growth, though less substantial than if they worked up the ladder. And younger, smaller companies have a leg up on their larger, more established
