So, why are so many chief executives and investors still seemingly bullish about a Trumpian economy? And the people whom Mr. Trump has appointed come from the most senior ranks of business, bringing with them a frame of reference that is almost strictly about profit and economic growth. It isn’t often said aloud, but the aristocracy that Mr. Trump has put in place may be more important than any rule written on paper. set, Mr. Trump speaks their language. “We are absolutely destroying these horri

Health benefits broker Zenefits was fined $1.2 million with New York’s financial services regulator on Tuesday for letting unlicensed employees solicit, negotiate and sell insurance policies, the latest regulatory blow for the software startup. Zenefits in 2014 and 2015 engaged in “repeated” violations of the state’s insurance law, including failures to maintain adequate compliance controls and train employees, said the New York State Department of Financial Services (DFS). In a consent order, t

“Your quality system does not adequately ensure the accuracy and integrity of data to support the safety, effectiveness, and quality of the drugs you manufacture,” the FDA said in its letter to Mylan. These conclusions were drawn after the FDA launched an investigation into Mylan’s Nashik facility, the group said. Production from Mylan’s Nashik site continues uninterrupted at this time, the spokesperson also noted. According to Reuters, Mylan has nine independent sites, including this facility,

Maintain a close relationship with your familyFamily is an invaluable part of any life, but it can be particularly important to a leader. A newly-installed CEO of a successful company gets positive media coverage and is treated like a rock star. As a CEO myself now, I can tell you that you will enjoy more success, longevity and clear-headedness when you stop seeking out the “You’re great!” He likely needed to learn about human resources as he grew his staff. And he might even have needed to lear

It’s about “putting yourself out on a limb for somebody else with no expectation of immediate payback,” she says. “For instance, offering yourself as a reference, placing a call to help someone land a job, or working a weekend or holiday so others can be with their families. Essentially, its currency is performing small acts of kindness and generosity as a way of life.” “And that can sort of have a numbing effect. You hit the work world not sure how much you should be helping others.”

President Donald Trump said on Tuesday he gave his Chinese counterpart, Xi Jinping, an ultimatum in their meeting last week: solve the North Korea crisis and get a good trade deal. Trump tweeted, “I explained to the President of China that a trade deal with the U.S. will be far better for them if they solve the North Korean problem!” John Engler, former president of the Business Roundtable advocacy group, called Trump’s trade relations “carrot” to China “a little bit novel.” In a second tweet Tr

In the ongoing assault on active management over high fees and underperformance, famed hedge fund manager Lee Cooperman defended the industry’s ability to outperform on CNBC last week. “All I know is the ability to underperform exists, the ability to outperform also exists,” he said. “Warren Buffett, Mario Gabelli, Stan Druckenmiller and Ken Langone — and a little bit of Lee Cooperman — didn’t get to their net worth by buying an index.” But the prevalence of passive instruments inside hedge fund

Pope earns $80,000 a year, has $20,000 in retirement savings. Fifty-four percent say they’ll need more than $500,000 to live comfortably and a third believe they should sock away $1 million or more. The couple, who live in Forth Worth, Texas, have $250,000 to $500,000 in retirement savings, but Jacobsen says, “I don’t think that’s going to be enough. Even some who seem poised to kick back in retirement are looking to work part-time. While he’s confident he can afford basic expenses when he retir

But while anecdotes of the absurd, dysfunctional medical system abound these days, it can be difficult to know how best to navigate health care and avoid massive bills. Elisabeth RosenthalThere are a lot of choices we can make about how to deal with health care in this country. Julia BelluzWhat’s striking to me watching the discussion about health care here is how the rhetoric has become so divorced from reality. Elisabeth RosenthalYou hear these mantras repeated again and again that we have the

Sales of vacation homes slumped nearly 22 percent in 2016 to the lowest level in three years, even as overall home sales hit their highest level in a decade, according to a new report from the National Association of Realtors (NAR). But vacation home sales tanked last year as demand outstripped the supply of available homes, said Lawrence Yun, chief economist at the NAR. It was the second straight year of falling sales for the vacation sales sector, which is now down 36 percent from its latest p

$1 billion in tax refunds is waiting to be claimed Wednesday, 22 Mar 2017 | 11:51 AM ET | 00:48Already filed your 2016 return? The IRS said earlier this spring that it is holding more than $1 billion in unclaimed tax refunds for an estimated 1 million taxpayers who did not file a 2013 federal income tax return. “Students and many others may not realize they’re due a tax refund,” IRS Commissioner John Koskinen said in the announcement. IRS regulations don’t require a federal tax return for people

It’s finally happening, and I’m super psyched! Even though many of us are used to frigid winters (and toes and fingers), and, all things considered, this one wasn’t so bad at all, I’m still really ready to put on my espadrilles and drink a beer outside (among other things). March is a thing of the past for now (phew), and spring is in full, sweet swing. More from The Muse:3 Reasons Waking Up Early to Run Makes Me Better at My Job3 Changes to Your Morning Routine That Will Drastically Improve You

AutoNation CEO Mike Jackson took aim at Tesla on Tuesday, saying the company’s market cap surpassing that of General Motors’ is “inexplicable.” This is despite the fact that Tesla produced only a fraction of the 10 million cars GM made last year. Jackson said Tesla’s valuation fails to recognize that the company can’t seem to turn a profit regularly. “It is underappreciated that gasoline is affordable in the U.S. as far as the eye can see,” he said, saying that should factor into Tesla’s valuati

The rate of U.S. adults without health insurance jumped in the first quarter of 2017, as the Trump administration worked to repeal Obamacare and replace it with its own health-care reform bill. The latest Gallup-Healthways poll found that 11.3 percent of U.S. adults didn’t have health insurance in the first quarter of the year, compared to 10.9 percent of adults uninsured in the third and fourth quarters of 2016. Despite the increase Gallup found in its survey, the rate of adults without insuran

Some Chinese travelers are shredding their United Airlines credit cards after a video of a man being forcefully removed from an overbooked United flight went viral. The disturbing footage lit up Weibo, the Chinese equivalent of Twitter, where users also called for a boycott of the airline as Chinese state-run media described the man as being of Chinese descent. Under the trending topic #UnitedAirlinesforcespassengeroffplane, users expressed outrage and anger over the incident, and a couple image

It’s been difficult for Americans to legally invest in the world’s booming marijuana business but a new online fund will let you do it at the click of a mouse. Canadians are bringing a new meaning to the term “investor high,” with the world’s first marijuana-focused exchange-traded fund opening on the Toronto Stock Exchange. The Horizons Medical Marijuana Life Sciences exchange-traded fund is comprised of 14 stocks, allowing investors to diversify their risk. The fund uses the North American Med

For the fourth year in a row, Singapore is the most expensive city in the world. That’s according to the Economist Intelligence Unit’s annual Worldwide Cost of Living survey, newly released for 2017. Each city is then ranked in comparison to New York on the World Cost of Living (WCOL) Index, with New York assigned a score of 100. Other cities earn a relative score, where a one-point increase or decrease equates to a 1% change in the cost of living. Below, check out the 10 most expensive cities i

Commissioners in a Florida county are so tired of spending money on President Donald Trump’s frequent visits to his Mar-a-Lago resort that some are suggesting a special tax be levied against the property if the federal government doesn’t reimburse its costs. Palm Beach County spends more than $60,000 a day when the president visits, mostly for law enforcement overtime — almost $2 million since January. County Commissioner Dave Kerner has suggested turning Mar-a-Lago into a special taxing distri

The weather is still cold in much of the United States, so many Americans have forgotten about the dangers that can accompany warm weather. One such danger is the Zika virus, and while it may not be on many people’s minds just yet, it will be again, when temperatures climb. In the United States more than 5,000 cases were reported between Jan. 1, 2015, and March 1, 2017. One company on the front lines in the Zika war is Oxitec, a biotech company in the U.K. This means the offspring will never rea

Tensions in Venezuela have escalated recently as people flooded the streets protesting the leftist regime of President Nicolas Maduro. In Caracas on Saturday, thousands of anti-Maduro protesters faced off against government forces, who fired tear gas and rubber bullets at them. The encounter took place after the government banned opposition leader Henrique Capriles from running for office for 15 years. Last week, the Venezuelan government was forced to walk back an earlier attempt to strip Venez