Sept. 4 (UPI) — Gustavo Arnal, the chief monetary officer for the struggling house items retail large Mattress, Tub & Past, plunged to his demise Friday in New York Metropolis. He was 52.
Arnal, 52, appeared to endure from accidents “indicative from a fall from an elevated place” although the investigation stays ongoing and his reason behind demise might be decided by the town’s Medical Examiner’s Workplace, an NYPD spokesperson confirmed to UPI.
NYPD officers responded to 911 calls of an unconscious and unresponsive individual close to Leonard Avenue and West Broadway within the Tribeca neighborhood of Manhattan round 12:30 p.m. Friday, outdoors of the constructing the place he lived.
He was pronounced lifeless on the scene by paramedics.
The constructing, referred to as the Jenga Constructing for its distinctive architectural design, is a 60-floor skyscraper at 56 Leonard Avenue. Arnal is believed to have fallen from the 18th flooring of the tower.
Arnal bought 42,513 shares of Mattress Tub & Past inventory in a transaction on Aug. 16, in line with a submitting with the Securities and Trade Fee.
The shares had been bought at a median worth of $24.22, for a complete transaction of greater than $1 million, carry his shares within the firm all the way down to 267,896 shares valued at practically $6.5 million.
Arnal joined Mattress Tub & Past as its chief monetary officer in Might 2020 as the corporate went by an govt restructuring beneath Mark Tritton, its former chief govt officer, who left the corporate in June.
He beforehand served as CFO at Avon and held senior posts at Walgreens Increase Alliance and at Proctor & Gamble, in line with his company biography.
Mattress, Tub & Past issued a press release after Arnal’s demise, stating that the corporate “is profoundly saddened by this stunning loss.”
“I want to prolong our sincerest condolences to Gustavo’s household. Gustavo might be remembered by all he labored with for his management, expertise and stewardship of our firm,” stated Harriet Edelman, impartial chairwoman of the corporate’s board of administrators.
“I’m proud to have been his colleague, and he might be really missed by all of us at Mattress Tub & Past and everybody who had the pleasure of realizing him.”
Mattress Tub & Past on Wednesday introduced it could shut 150 of its shops, lay off roughly 20% of its workforce, and do away with a number of of its in-house house items manufacturers.
Gen-Z adults are more likely than Millennials to have a five-year financial plan, according to a new survey by First Direct. The survey, conducted by OnePoll in October among 4,000 participants, found that 59% of Gen-Z savers—those born after 1996—have set financial goals for the next five years, compared to just 40% of Millennials (born between 1981 and 1996).
Despite a challenging economic environment, including rising living costs and wage stagnation, both generations remain committed to achieving their financial aspirations. Around 73% of Gen-Z respondents and 76% of Millennials said they are determined to reach their financial goals, though many have had to delay milestones like home ownership or career progression.
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For Millennials, the most common financial goals include achieving a better work-life balance (34%), saving for retirement (29%), and increasing income (29%). However, half (50%) of Millennials reported that the cost-of-living crisis has delayed their financial plans, with economic uncertainty and stagnant wages cited as major factors.
Carl Watchorn, head of banking at First Direct, commented, “Younger people have very high aspirations when it comes to achieving their financial goals. Despite facing challenges like higher living costs and the aftermath of the pandemic, they remain incredibly resilient and committed to improving their standard of living.”
Also read: Micro-mance to future-proofing: Dating trends 2025 for Genz and millennials
-First Direct also shared several tips for boosting financial resilience, including:
-Speak to your bank about available tools and support.
-Set specific goals, such as saving for a trip, and adjust spending to meet those targets within a set timeframe.
-Use budgeting apps to track spending and compare it with your goals.
Also read: Rural women entrepreneurs: Overcoming economic & social adversities
-Build a financial buffer by setting aside a regular amount each month, with some financial products offering good returns for consistent savings.
As both Gen-Z and Millennials navigate economic pressures, their focus on long-term financial planning highlights a generation committed to securing a stable future.
SEOUL, South Korea, Nov. 25, 2024 /PRNewswire/ — Hyundai Capital Services (“Hyundai Capital” or the “Company”), the financial subsidiary of the Hyundai Motor Group, announced today launch of its finance options for Hyundai Motor Company in Australia. This launch marks another significant milestone for the Company, with Australia being the 12th overseas financial subsidiary of Hyundai Capital.
Hyundai Capital Australia Pty Ltd (“HCAU”) aims to offer products tailored to the passenger vehicles of Hyundai dealerships and Genesis showrooms in Australia. HCAU has started servicing and providing exclusive financial solutions for Genesis in October. This launch of Hyundai Finance, together with Genesis Finance, marks the beginning of HCAU’s drive of auto financing business in Australia.
Leveraging the global credit ratings of Hyundai Motor Company, HCAU designed competitive rate loan products for its customers and introduced flexible and personalised financial services tailored to each vehicle.
For example, the Guaranteed Future Value* (“GFV”) is HCAU’s premier offering for the Australian market. The GFV loan guarantees a minimum resale value of the vehicle, which enables to lower monthly payments compared with traditional financing, making Hyundai vehicles more accessible with flexible end of term options. When the loan matures, customers can choose to:
HCAU seeks to lead the auto financing market in Australia with its seamless and convenient digital financing services. With the global IT system developed and implemented by Hyundai Capital, HCAU offers a streamlined, digital finance application process. HCAU has improved the efficiency of its underwriting process through online document submission and system auto-approval functionality. Furthermore, HCAU introduced an AI chatbot service that operates 24/7, enhancing customer convenience to the next level.
“We are proud to introduce our full offering of auto financing products and services to our Australian customers who are already using or looking to purchase a Hyundai or Genesis vehicle at their respective dealerships,” said Hyung-Jin David Chung, CEO of Hyundai Capital. “With our strong partnership with Hyundai Motor Group, Hyundai Capital Australia will offer highly differentiated products and services to meet all of our customers’ needs.”
He added, “Hyundai Capital will continue to expand its business reach in key strategic markets to promote Hyundai Motor Group’s global sales growth.”
* GFV is for approved applicants only and is subject to fair wear and tear and kilometres driven conditions. Applicable terms, conditions, fees, charges and lending criteria apply.
SOURCE Hyundai Capital
Stocks drifted higher leading into the shortened trading week that includes the Thanksgiving holiday.
The Dow Jones Industrial Average (^DJI) gained nearly 2% for the week while the S&P 500 (^GSPC) and tech-heavy Nasdaq Composite (^IXIC) added over 1.5%.
In the week ahead, a fresh reading on the Fed’s preferred inflation gauge, the Personal Consumption Expenditures (PCE) index, will highlight the economic calendar. Updates on third quarter economic growth and housing activity are also on the schedule.
In corporate news, quarterly results from Zoom (ZM), Dell (DELL), Best Buy (BBY), CrowdStrike (CRWD), and Macy’s (M) are likely to catch investor attention.
Markets will be closed on Thursday for Thanksgiving, and Friday’s trading session will end early at 1 p.m. ET.
Recent sticky inflation readings have raised questions about whether the Fed will cut interest rates in December and how much the central bank will lower rates over the next year.
Earlier this month, the “core” Consumer Price Index (CPI), which strips out the more volatile costs of food and gas, showed prices increased 3.3% in October for the third consecutive month. Meanwhile, the “core” Producer Price Index (PPI) revealed prices increased by 3.1% in October, up from 2.8% the month prior and above economist expectations for a 3% increase.
On Wednesday, Federal Reserve governor Michelle Bowman expressed concern that the Fed’s progress toward 2% inflation has “stalled” and the central bank should proceed “cautiously” when lowering interest rates.
“We have seen considerable progress in lowering inflation since early 2023, but progress seems to have stalled in recent months,” Bowman said in a speech at the Forum Club of the Palm Beaches.
Read more: Jobs, inflation, and the Fed: How they’re all related
Economists expect more signs of that stalling in Wednesday’s Personal Consumption Expenditures (PCE) release. Economists expect annual “core” PCE — which excludes the volatile categories of food and energy — to have clocked in at 2.8% in October, up from the 2.7% seen in September. Over the prior month, economists project “core” PCE at 0.3%, unchanged from September.
Bank of America Securities US economist Stephen Juneau wrote in a research note that a print in line with expectations will “certainly lead Fed participants to reassess their inflation and policy outlook.”
“That said,” he added, “we still expect the Fed to cut rates by 25bp in December, but the risk appears to be tilting towards a shallower cutting cycle given resilient activity and stubborn inflation.”
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