Month: May 2018

With an entire generation on the cusp of retirement, the rules governing retirement plan administration need to be modernized to make it easier for employers to offer savings programs for the men and women they employ. In particular, the Employee Retirement Income Security Act of 1974, also known as ERISA, should be updated to facilitate
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The sketches were featured in A.A. Milne’s famed series of children’s books chronicling the adventures of Winnie the Pooh and have not been seen in more than half a century. The most noteworthy of which includes a 1926 sketch of the original map of the fictional “Hundred Acre Wood” mentioned in the books, which is
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Conservative politician and U.K. government minister Ian Duncan dubbed the excuses “shocking and pathetic,” while Amanda Mackenzie, CEO of responsible business organization Business in the Community, said that “you might think it’s 1918, not 2018. It (the list) reads like a script from a comedy parody, but it’s true.” However, Mackenzie remained optimistic that a
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Investors betting on buying in bulk have been rewarded this year. Shares of wholesale retailer Costco have jumped more than 7 percent this year, outperforming retail stocks and the broader market in that time; the S&P retail ETF (XRT) has risen more than 4 percent in 2018. Some strategists say the stock can continue to
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Shannon Stapleton | Reuters A man enters a Dollar Tree discount store in Garden City, New York. Discount store operator Dollar Tree on Thursday reported first-quarter same-store sales that missed analysts’ estimates as performance at its namesake and Family Dollar banner lagged due to colder-than-normal spring weather. Sales at established stores open for more than
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Dollar General missed Wall Street forecasts for same-store sales on Thursday as the discount store chain faced weaker demand for apparel and home products because of cold weather. The news drove the company’s shares down 6.4 percent to $90.35 in premarket trading. Customer traffic at established stores was hit by unseasonably cold and damp weather,
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Anindito Mukherjee | Getty Images Dara Khosrowshahi, chief executive officer of Uber, looks on following a 2018 event in New Delhi, India. Uber is in discussions with Alphabet’s Waymo to add the latter’s self-driving cars to its platform, Chief Executive Dara Khosrowshahi said Wednesday. Speaking at the Code Conference in Rancho Palos Verdes, California, Khosrowshahi
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The U.S. is the best place for investors to put their money, according to Bessemer Trust’s Rebecca Patterson. In fact, she said the U.S. market has been overweight from a combination of added stimulus from tax reform, a February spending package that filters into government agencies and global turmoil that benefits the U.S. market. “We’ve
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Source: Sotheby’s International Realty | YouTube The childhood home of Jacqueline Kennedy Onassis in McLean, Virginia. The government Saudi Arabia just bought the sprawling Virginia estate that was once the childhood home of Jacqueline Kennedy Onassis. The purchase price: $43 million, according to a report in the Wall Street Journal. The estate, called Merrywood, in
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Exchange-traded funds hold a basket of stocks and can be traded in real time. The investment product has become increasingly popular, and BlackRock predicts global ETF assets will more than double from $4.7 trillion this year to $12 trillion by the end of 2023. U.S. stocks are in the middle of their second-longest bull market
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Fabian Bimmer | Reuters Workers of German steel manufacturer Salzgitter AG stand in front of a furnace at a plant in Salzgitter, Germany, March 1, 2018. Digital infrastructure and digital inclusion, O’Reilly added, will be core to providing those in rural and underprivileged areas access to better tools for education, financial literacy, and business opportunities.
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