Author: News Room
The golden years are something to anticipate. Life is expected to become easier and less complicated with time for family, traveling, and hobbies becoming attainable. A comfortable retirement is part of the American dream; however, this dream has a price tag and the burden of saving for retirement luxuries has fallen to the individual. Each generation, and every individual person, faces different issues in accumulating retirement savings including the lack of employer sponsored plan options, failure to start saving until later in life, and a general lack of retirement funding. At the heart of these matters is an overwhelming degree…
Vice President Kamala Harris’ campaign is targeting red and rural counties in the final sprint to Election Day, according to campaign aides, with her appearance in Ripon, Wisconsin, on Thursday just part of a strategy to compete everywhere and narrow Donald Trump’s margins in those counties. “We got to turn out folks, obviously, in base Democratic areas, but we also need to persuade a lot of people,” Harris campaign battleground states director Dan Kanninen told CNN. “Shaving margins where you can, in counties that maybe Trump won 70-30, but if we can lose them 60-40 or 65-35, that makes a big difference over dozens of…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.A strike that closed US east and Gulf coast ports will be suspended after the dockworkers’ union and the group representing ocean carriers reached an agreement on Thursday. The agreement extends the International Longshoremen’s Association’s employment contract, which had expired, until January 15. It will allow them to return to work for the first time in three days, the union and the shipping lines’ group said in a joint statement.Negotiations, which had been at an “impasse” over wages and automation for months,…
This article was written byFollowThis is the official page of Croatian-American media personality Albert Anthony. Since 2023 he has been a contributor to global financial media portal Seeking Alpha, reaching +1MM investors worldwide & his content often averaging +25,000 views monthly. As an independent contributor, his content on the Seeking Alpha portal provides curated analysis of stocks trading on major US exchanges, with a strong focus on the financials and tech sector, and building a diversified dividend income portfolio, but also a forward- looking view of where he thinks a stock will go in a year and why. Appearing under…
Bitcoin’s bull market cycle is accelerating, CoinMarketCap says. It’s running 100 days ahead of its typical four-year cycle. This raises the possibility of a “super cycle” fueled by institutional adoption, ETFs, and changing market dynamics. Read the full article here
Striking members of the International Longshoremen’s Association will be back to work at the ports on Friday, the union announced Thursday evening, as the union and the management group representing shipping lines, terminal operators and port authorities have reached a tentative deal on wages. The agreement on wages amounts to a $4-per-hour raise for each year of the six-year contract, a source with knowledge of the negotiations told CNN. The union agreed to extend the contract it had with the United States Maritime Alliance, the management group known as USMX, which represents shipping lines, terminal operators and port authorities. That…
September’s jobs picture is expected to look a lot like August’s — a gradual slowdown in hiring, a modest increase in wages and a labor market that is looking a lot like many policymakers had hoped it would.Nonfarm payrolls are projected to show growth of 150,000, from 142,000 the month before, with a steady unemployment rate of 4.2%, according to the Dow Jones consensus. On the wage side, the forecast is for a 0.3% monthly gain and a 3.8% increase from a year ago — the annual rate being the same as August.Should the numbers come in as expected, they…
As the East and Gulf Coast ports strike continues for a third day on Thursday, consumer fears over product shortages have led to panic buying along the East Coast and Gulf Coasts, with shoppers buying up toilet paper and other household items, leaving barren shelves in their wake.The National Grocers Association, which represents more than 1,500 members in the independent supermarket sector — family-owned or privately-controlled food retail companies — told CNBC it is conveying to the public the need to remain calm. Nationally, there are more than 21,000 independent grocery stores in the United States, generating more than $250…
Mortgage rates are up slightly, with long-term notes lifting off a two-year low from last week. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed that the average rate on the benchmark 30-year fixed mortgage inched up to 6.12% from last week’s reading of 6.08%. The average rate on a 30-year loan was 7.49% a year ago. “The decline in mortgage rates has stalled due to a mix of escalating geopolitical tensions and a rebound in short-term rates that indicate the market’s enthusiasm on rate cuts was premature,” said Sam Khater, Freddie Mac’s chief economist. “Zooming out to the bigger…
The self-employed have the potential to earn more, and build wealth faster than a traditional employee, if their business allows. If not managed correctly, though, a solo owner can also find themselves well behind retirement unless they take proper steps to save. This reality was highlighted again with new research looking at the self-employed savings levels out of the United Kingdom. The UK, which has a public pension plan, encourages employees and business owners alike to fund their retirement. According to new research by the UK’s Institute for Fiscal Studies, only 20% of those making 10,000 pounds ($13,362) or more…
