Author: News Room

It goes by many different names: semi-retirement, partial or phased retirement, second career, and so on. But typically, it means the same thing: working in some capacity after retiring early. According to the 2024 State of Retirement Planning Study by Fidelity Investments, the rise of remote and hybrid work has shifted retirement preferences for working Americans under age 42. The study found that 66% of Gen Z and Millennials prefer a phased retirement and 57% of all respondents plan to work part-time in retirement. As more workers consider the growing appeal of semi-retirement, some ask — is working part-time in…

By Leika Kihara TOKYO (Reuters) – Prospects of strong wage hikes this year have heightened the chances the Bank of Japan will phase out its massive monetary stimulus in what would be a landmark shift away from its decade-long stimulus programme. Below are the key tools that make up the central bank’s complex stimulus framework, and what will likely happen to them when the BOJ decides to exit from ultra-loose policy: NEGATIVE INTEREST RATE POLICY Since 2016, the BOJ has been applying a 0.1% charge on a small pool of excess reserves financial institutions park with the central bank. By…

By Karen Brettell NEW YORK (Reuters) -The dollar jumped against the euro and yen on Wednesday as investors positioned for U.S. and European inflation data due on Thursday, with month-end portfolio rebalancing also likely to sway market direction. hit a more than two-year high, benefiting from strong overall market liquidity. Brad Bechtel, global head of FX at Jefferies in New York, noted that foreign exchange volatility picked up on Wednesday, which may be “hedging in front of the inflation data,” and also because of month-end flows. The implied volatility used by banks to price three-month options on the euro against…

SANTIAGO (Reuters) – Chile wants to have three or four new lithium projects operational by 2026, the country’s Minister of Finance Mario Marcel said on Saturday. The South American country – the world’s largest producer and the second-largest producer of lithium – initiated a policy last year to increase state control of the strategic metal needed in batteries for electric vehicles. Marcel spoke following a meeting with U.S. Treasury Secretary Janet Yellen, who has been touring the country. On Saturday, Yellen visited the U.S. lithium producer Albemarle (NYSE:) in northern Chile, saying expanded U.S.-Chilean ties would benefit both countries, improve…

The Department of Justice says it won’t provide Congress with the audio tapes from Special Counsel Robert Hur’s interviews with President Joe Biden despite threats from House Republicans to hold Attorney General Merrick Garland in criminal contempt. In a new letter obtained by CNN, DOJ said it would not be turning over the audio tapes by the deadline Republicans set for them. The department noted the committees already have all of the transcripts of the interviews they requested from Hur’s investigation into Biden’s handling of classified documents, including the transcripts of interviews with the president and with his ghostwriter, which…

Stay informed with free updatesSimply sign up to the Science myFT Digest — delivered directly to your inbox.Millions of people are expected to watch a total solar eclipse sweep across central and North America on Monday, offering rare views of the star that sustains life on Earth. The alignment of Moon and Sun began to score a trail of darkness starting at Mexico’s Pacific coast at around 11am local time. It is expected to exit the continent 5,400km north-east at Newfoundland, Canada, just after 5pm local time, and head over the Atlantic Ocean.Total eclipses occur about once every 18 months…

Investment Thesis AppLovin Corporation (NASDAQ:APP) is a mobile advertising company. AppLovin provides services for mobile app developers and advertisers. In simple terms, it helps app developers make money from their apps by showing ads to users. In essence, AppLovin acts as a middleman between app developers who want to monetize their apps and advertisers who want to promote their products to mobile users. The business is growing at about 28% CAGR and priced at approximately 16x forward free cash flow. This strong growth at this scale, reaching $1.5 billion, isn’t easy to achieve. But AppLovin is on a path to…

Last updated: April 8, 2024 11:50 EDT | 3 min read Jim Lee, a 29-year veteran of the United States government with a significant tenure as the chief of the Internal Revenue Service’s (IRS) Criminal Investigations team, has transitioned to a new role at cryptocurrency analytics firm Chainalysis.In an announcement on April 8, Chainalysis revealed that Lee has joined the company as its global head of capacity building. In this capacity, he will focus on collaborating with international agencies to develop effective solutions against cryptocurrency-based crime.Former IRS Chief Joins Chainalysis to Combat Crypto Crime We’re honored to welcome former IRS-CI…

Spirit Airlines said on Monday it has reached a deal with Airbus to delay all aircraft deliveries scheduled from the second quarter of 2025 through 2026 and intends to furlough about 260 pilots, as the company looks to save cash. The low-cost airline said it would defer the scheduled deliveries to 2030-2031. As a result of the deferrals, along with quality issues with engines made by supplier Pratt & Whitney, Spirit is furloughing pilots effective Sept. 1. Shares of Spirit (SAVE) rose about 5% in early trade. A snag with Pratt & Whitney Geared Turbofan engines has forced Spirit to ground some of its A320neo aircraft, pinching the company…

Check out the companies making headlines in midday trading. GE Vernova — Shares of energy company GE Vernova, which spun off from General Electric last week, gained 5.4% following an upgrade to overweight from neutral from JPMorgan. The firm said investors should buy the dip in GE Vernova, and said shares have pulled back since the spinoff largely due to technical and flowback selling and are now trading at a discount. Tesla — The beaten-down electric vehicle maker gained 4% after CEO Elon Musk said late Friday that Tesla will unveil its long-awaited robotaxi design on Aug. 8. Taiwan Semiconductor…