BusinessThe Street•8 hours agoMcDonald's Has a Restaurant in Poland That Looks Like the Future of the Golden Arches
McDonald's Corp. (MCD) restaurants of the future are almost unrecognizable. In Tuesday's conference call, McDonald's President, CEO and Director Stephen J. Easterbrook said its Polish eateries provide a look at the company's plans for the future. Easterbrook called the eastern European nation McDonald's "incubator market," since its restaurants there have adopted all aspects of the fast-food chain's "Experience of the Future," or EOTF at once. "Experience of the Future, or EOTF, as we call it, fundamentally changes the way customers interact with our brands," Easterbook said in the call. "We're providing an experience that is more personal and less stressful, matching our best people with technology
NewsThe Street•4 hours agoHow Amazon Billionaire Jeff Bezos Gained Vast Riches and a Tech Giant Someday Worth $1 Trillion
Amazon's (AMZN) Jeff Bezos has had quite the week. Shares of Amazon climbed 1.2% to $1,065.78 on Thursday morning, propelling Bezos' net worth to more than $90.6 billion and squeezing him past Microsoft (MSFT) founder Bill Gates, whose worth stood at $90.0 billion, according to Forbes. A day later, Bezos found himself back in second place as Amazon shares fell 2.5% to $1,020.04. Bezos owns about 81 million shares of Amazon, or roughly 17% of the company, according to FactSet. Gates has been the reigning champ on and off since 1995. At one point, Gates topped the list for 13 straight years, but dropped to third place in 2008 when Microsoft's stock fell 15% after it made a failed bid for Yahoo.
- BusinessMarketWatch•yesterday
It’s harder than you think to spend down your 401(k) account in retirement
At a recent conference, retirement experts concluded that the lack of an easy drawdown mechanism in 401(k) plans was the major challenge facing the 401(k) system. In 2014, the Treasury Department and the IRS issued guidance that made longevity annuities accessible to 401(k) plans and that enabled target date funds to include annuity contracts either as a default or as a regular investment option. But individual plan sponsors feel under siege by lawsuits and see little payoff to being innovative. At the same time, Congress is unlikely to mandate that annuities be a part of 401(k) arrangements. So we are at a standstill. Millions of Americans — having been told that their retirement plans are automatic
