| More than one quarter of Americans have no money saved for retirement, according to a new survey. Almost one in five people age 59 and older said they didn’t have a retirement account, which compared to a quarter of Generation X respondents. And for those aging Americans who do have money socked away, inflation has thwarted their plans, worsening the $7 trillion retirement-savings shortfall. —Natasha Solo-Lyons Charles Schwab executives said the firm can weather any residual turmoil roiling US banks while pausing stock buybacks. Though Schwab is grappling with longer-term stresses, the first-quarter results it posted Monday showed the company kept the trust of customers, who continued to add to its investment products. It’s shares closed up almost 4%. Apple introduced a long-promised high-yield savings account with Goldman Sachs, turning to a key partner to push deeper into financial services. The new offering will let Apple Card users earn a 4.15% annual yield, more than 10 times the national average. Switzerland’s secret bank accounts and political neutrality turned the small Alpine nation into a financial giant. Now the demise of Credit Suisse, one of its two big banks, has shaken global finance and created a megabank in UBS that comes with new and potentially bigger risks.  Photographer: Stefan Wermuth/Bloomberg Wells Fargo leaders are privately expressing increased concern that a years-long effort to unionize the bank’s employees could soon notch victories—and have made plans to spend millions of dollars addressing the “pain points” that fuel organizing efforts. Blackstone is trying to curb rising employee health costs with an AI-powered individualized approach to diabetes to reduce people’s reliance on costly new drugs. Only 10 electric and plug-in hybrid vehicles will qualify for $7,500 federal tax credits in the US after stricter battery-sourcing rules take effect and render most plug-in models ineligible. Elon Musk’s SpaceX delayed the highly anticipated launch of its next-generation Starship rocket, putting off for at least two days a key step needed to eventually send crewed missions into deep space.  SpaceX's Starship rocket at the company's Boca Chica, Texas launch pad. Photographer: SpaceX Bloomberg continues to track the global coronavirus pandemic. Click here for daily updates. - A $300,000 salary feels like $100,000 in the priciest US cities.
- ChatGPT makes health-care jobs more promising than finance, tech.
- It can also decode Fed speak, predict stock moves from headlines.
- In Morgan Stanley CEO race, wealth boss emerges as one to watch.
- Bloomberg Opinion: No more cheap flights is new reality for air travel.
- One Tesla deal propels little-known family to $800 million fortune.
- How a surge of sargassum seaweed is changing the beach vacation.
Last summer, everyone from Musk to footballer Mo Salah was seen on Mykonos, enjoying the sun, the Aegean sea and the island’s famous nightlife. Greece’s tourism industry, which accounts for 25% of the country’s gross domestic product, is booming, with a peak season that’s gradually doubled, or even tripled, in length. Here are some of the most exciting recent openings and buzzy hotels set for this year.  Cali Mykonos, with the longest infinity pool on the island Source: Bloomberg Get the Bloomberg Evening Briefing: If you were forwarded this newsletter, sign up here to receive it in your mailbox daily along with our Weekend Reading edition on Saturdays. Transformation in a Time of Uncertainty: Join us in a city near you for Bloomberg’s Intelligent Automation briefing. Top business and IT executives are gathering to explore ways to offset economic pressures and help organizations thrive by enhancing operational efficiencies. Roadshow cities include New York on May 4; San Francisco on June 20; London on Sept. 20; and Toronto on Oct. 19. Register here.
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