Month: May 2019

The Social Security Office in Alhambra, California. Mario Anzuoni | Reuters As Washington and Beijing face off on tariffs, there could be one unseen group affected: retirees. The Senior Citizens League, a nonpartisan group advocating for seniors, on Tuesday released its latest report on the buying power of Social Security benefits. The group also projected
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Public pensions,at risk, need your help. Getty A network of financial advisers capable of responding to growing concerns of workers participating in our nation’s largely underfunded public pensions is needed—immediately. With nearly 80 million Baby Boomers retired, or on the verge of retiring, news that the overwhelming majority of this population is unprepared financially for
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Copies of ‘Grand Theft Auto V’ on display for sale at a GameStop store in Peru, Illinois. Daniel Acker | Bloomberg | Getty Images Take-Two Interactive Software reported lower-than-expected quarterly revenue and forecast first-quarter sales below analysts’ expectations, as it faces intense competition from free-to-play “battle royale” games “Fortnite” and “PUBG.” Shares of the company
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rear view of puzzled man scratching his head against concrete wall filled with question marks Getty I’ve written before that media coverage of retirement issues often, well, stinks. There’s too many click-seeking headlines and not enough deep dives into what’s really going on with retirement savings (which is surprisingly positive). Too many reporters run single-source
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Monday’s market sell-off was inspired by the escalating trade war with China coupled with Friday’s Uber IPO fiasco, CNBC’s Jim Cramer said. “Whenever there’s a huge, highly visible initial public offering that implodes, it discredits the entire asset class,” the “Mad Money” host said. “That’s exactly what happened after the failed Facebook IPO in 2012.
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President Donald Trump, U.S. President Donald Trump’s national security adviser John Bolton, U.S. Treasury Secretary Steven Mnuchin attend a working dinner with Chinese President Xi Jinping after the G20 leaders summit in Buenos Aires, Argentina December 1, 2018.  Kevin Lemarque | CNBC The United States kicked off the necessary process before Washington can impose tariffs
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Two years ago, the Securities Industry and Financial Markets Association conducted a cybersecurity simulation that mimicked a real attack. The test included the participation of more than 50 financial firms, as well as government regulators and SIFMA itself. Now, the industry trade group is preparing for the latest iteration of its test — dubbed Quantum
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Dara Khosrowshahi, chief executive officer of Uber Technologies Inc., speaks during the company’s initial public offering (IPO) on the floor of the New York Stock Exchange (NYSE) on Friday, May 10, 2019. Photographer: Michael Nagle/Bloomberg © 2019 Bloomberg Finance LP After arguing for years that its drivers were not employees, the ride-share company Uber announced
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