Medicare beneficiaries would get dental, vision and hearing coverage if several bills now before Congress pass. In addition, the government would get authority to negotiate prices with drugmakers and create a cap for Medicare out-of-pocket spending on prescription drugs. All have cleared the necessary committees over the last couple of weeks and now await full
Month: October 2019
Letters in letterbox saying payment due Getty I’ve written multiple times about the concern that if people are prodded or even compelled to save for retirement who can ill afford it, it may have the effect of making them worse off, if rather than the proverbial forgoing of lattes at Starbucks they end up in
Antoni Porowski and Yael Aflalo at the Forbes 30 Under 30 Summit in Detroit. Adi Muhtarevic On July 4, Antoni Porowski posted a photo on Instagram of him and Queer Eye co-star Jonathan Van Ness sharing a kiss. The chaste peck was meant as a joke, a coy wink to hopeful fans, but the bit
Share to facebook Share to twitter Share to linkedin While the U.S. has stayed strong, some other major economies are facing recessions. Getty Topline: Amid a global slowdown in economic growth that has seen central banks lower interest rates near zero or below in an effort to provide stimulus, here’s a look at which of
A sales assistant arranges lipsticks at an Estee Lauder store. Qilai Shen | Bloomberg | Getty Images Estee Lauder was downgraded from overweight to neutral by Piper Jaffray, who says teenagers are wearing less makeup and changing their shopping habits. Cosmetic sales are soft due to a combination of beauty categories like skincare and hair
A trading post sports the Spotify logo on the floor of the New York Stock Exchange, Tuesday, April 3, 2018. Richard Drew | AP Spotify Technology posted a surprise profit on Monday and topped Wall Street’s expectations for revenue as the music streaming company added slightly more subscribers than expected for its premium service. The
Traders work on the floor of the New York Stock Exchange Lucas Jackson | Reuters Positive signs on the U.S.-China trade talks prompted investors to dive into stocks again, and J.P. Morgan believes the rally is here to stay and the market could reach the bank’s 2020 target eight months early. “Looking ahead, given improving
People with umbrellas pass by bull and bear outside Frankfurt’s stock exchange during heavy rain in Frankfurt, Germany, November 20, 2017. Kai Pfaffenbach | Reuters The stock market’s surge to new highs on Monday shows the historic bull market that began in 2009 is resuming its climb and should be viewed as a green light
Many of us near retirement or in retirement love to hate the government. But if we’re honest with ourselves, we also love the retirement benefits the government provides. This is probably attributable to how government programs stack up against other sources of retirement capital. Human capital, i.e. the income generating potential of a person at
Share to facebook Share to twitter Share to linkedin Portrait of a confident financial assistant using her digital tablet in the office. Getty There are many people that play a role in making real estate transactions happen. One of them is the broker. While some may use the term real estate agent and broker interchangeably,
Since most young adults are in a very low tax bracket, even 0%, a Roth IRA may be the perfect way to … [+] help your child begin to save and invest for their future. Getty You don’t have to be an adult to begin saving for retirement. Provided the teenager or college student has
U.S. Trade Representative Robert Lighthizer (C) gestures as he chats with Chinese Vice Premier Liu He (R) as U.S. Treasury Secretary Steven Mnuchin (L) looks on after posing for a “family photo” at the Xijiao Conference Centre in Shanghai on July 31, 2019. Ng Han Guan | AFP | Getty Images The U.S. and China
HSBC tower at Canary Wharf financial district in London, England Mike Kemp | In Pictures | Getty Images Europe’s largest lender HSBC reported third-quarter pre-tax profits that fell from a year ago, despite strength in its Asia operations. The bank said its reported profit before tax plunged 18% on-year to $4.8 billion in the three
Think people want government out of their lives? Here’s a counterexample: Most Americans want the government to force them to save and to force employers to provide a retirement plan. The polling behind this view is so clear that I don’t know why more politicians aren’t talking about it. Part of the growing mountain of
The Mexico City skyline wikimedia The affordable housing shortage is a big issue in America, one that’s just now getting the national attention it deserves. Millions of Americans are affected, including ones who endure longer commutes, more cramped dwellings, and more failing units than they otherwise would, if more decent housing were well-located. But compared
According to the Bureau of Prison Inmate Locator, Edward Brown, age 77, has a release date of 7/26/2045 and Elaine Brown, age 78, has a release date of 11/8/2042. Clearly, the sentences that they received in 2009 were virtually life sentences. They had been prosecuted as the result of a months long armed stand off
NEW YORK CITY – SpaceX President and COO Gwynne Shotwell outlined plans for its two development programs at a recent investor conference, giving her forecast for when the company will fly people on its next-generation rocket and begin offering internet from its satellite network. The company has raised more than $1.3 billion this year to
The Gmail email application is seen on a portable device in this photo illustration on December 6, 2017. (Photo by Jaap Arriens/NurPhoto via Getty Images) NurPhoto | NurPhoto | Getty Images Here are the most important things to know about Monday before you hit the door. 1. Busiest week of earnings season Monday marks the
Ark Investment Management founder and CEO Catherine Wood told CNBC that Thursday’s surge in Tesla stock is just the beginning of an eventual rise to $4,000 per share and possibly beyond. “Some of the shorts are covering” as Tesla shares see their best single-session gain in six years, said Wood, whose firm owns a considerable
Getty Images ‘Tis the season to spend a lot of money. Between buying gifts, booking travel and attending holiday parties, there are plenty of ways to splurge in the months ahead, regardless of whether Americans can afford it. The National Retail Federation said it expects holiday retail sales to rise between 3.8% and 4.2% over
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