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People Baby Boomers

  • Feb 21- Tiffany& Co on Tuesday struck a surprise deal with JANA Partners, an activist investor and now a shareholder, agreeing to add three directors to its board as the luxury retailer tries to entice younger shoppers and revive struggling sales. Tiffany, whose jewelry is a status symbol and popular among A-list celebrities and politicians, said on Feb. 5 that CEO...

  • $30 trillion is about to change hands in the U.S.

    The coming transfer of $30 trillion in assets from baby boomers to their heirs is creating challenges for clients and advisors alike.

  • NEW YORK, Feb 13- When it comes to romantic screwups, missing Valentine's Day is about as bad as it gets. Kathryn Hauer does that every single year. Almost two in five Americans, or 39 percent, have celebrated their love after Valentine's Day.

  • CHICAGO, Jan 17- Caesars Entertainment Corp has wrapped up the $18 billion bankruptcy of its main operating unit, allowing the casino company to focus on restoring the tarnished Harrah's, Caesars and Horseshoe brands after two years of Chapter 11 proceedings. Caesars' subsidiary, Caesars Entertainment Operating Co Inc, won court approval on Tuesday for a plan...

  • WASHINGTON, Jan 6- U.S. employment increased less than expected in December but a rebound in wages pointed to sustained labor market momentum that sets up the economy for stronger growth and further interest rate increases from the Federal Reserve this year. Nonfarm payrolls rose by 156,000 jobs last month, the Labor Department said on Friday.

  • WASHINGTON, Jan 6- U.S. employment increased less than expected in December but a rebound in wages pointed to sustained labor market momentum that sets up the economy for stronger growth and further interest rate increases from the Federal Reserve this year. Nonfarm payrolls rose by 156,000 jobs last month, the Labor Department said on Friday.

  • CHICAGO, Dec 21- Debates about improving America's infrastructure typically focus on projects like bridges, roads, railroads and power grids. But with President-Elect Donald Trump calling for $1 trillion in infrastructure spending over the next 10 years, here is an item that should be added to that list: affordable housing for seniors. Harvard Joint Center for...

  • Siegel: I don't think this rally is over

    Jeremy Siegel, Wharton finance professor, discusses the significance of Dow 20K, and why he still sees more room to run.

  • Nov 29- Recreational vehicle shipments in the United States are expected to climb to their highest level in nearly four decades this year, according to an industry association, as millennials join baby boomers in hitting the road. RV shipments, which include travel trailers and motorhomes, are expected to total 419,500 in 2016, a 12.1 percent jump from a year...

  • NEW YORK, Nov 13- Donald Trump's stunning victory for the White House may mark the long-awaited end to the more than 30- year-old bull run in bonds, as bets on faster U.S. growth and inflation lead investors to favor stocks over bonds. A two-day thumping wiped out more than $1 trillion across global bond markets worldwide, the worst rout in nearly 1-1/ 2 years, on bets...

  • NEW YORK, Nov 13- Donald Trump's stunning victory for the White House may mark the long-awaited end to the more than 30- year-old bull run in bonds, as bets on faster U.S. growth and inflation lead investors to favor stocks over bonds. A two-day thumping wiped out more than $1 trillion across global bond markets worldwide, the worst rout in nearly 1-1/ 2 years, on bets...

  • CHICAGO, Nov 7- Wal-Mart Stores Inc is in talks with several mobile wallet companies to offer more payment options in its Wal-Mart Pay app, an executive at the world's largest retailer said, after signing up JPMorgan Chase& Co last week. Starting next year, Chase Pay will become the first third-party digital wallet on Wal-Mart's website and app, they said on...

  • *Osterloh to brief staff on talks at Oct. 20 meeting. BERLIN, Oct 12- Volkswagen's works council chief said the company could cut up to 25,000 staff over the next decade as older workers retire to help the carmaker achieve cost-cuts needed to revive the VW brand. Volkswagen is under pressure to make cuts at high-cost operations in Germany to fund this...

  • Lincolnshire, Illinois- based Camping World, founded in 1966, is headed by Chief Executive Marcus Lemonis, star of the CNBC TV reality show "The Profit." The company operates 120 retail locations in 36 states under the banners Camping World and Good Sam. Lemonis, who co-owns Camping World with private equity firm Crestview Partners, will maintain "substantial...

  • Sept 19- The United States' largest public pension fund, the California Public Employees' Retirement System, forecast on Monday that benefits paid to retirees would outpace projected income by $9.2 billion within 15 years. "This is really a sobering look at what's going on," Board Member Theresa Taylor said during a presentation. The forecast presented on Monday...

  • Sept 19- The United States' largest public pension fund, the California Public Employees' Retirement System, forecast on Monday that benefits paid to retirees would outpace projected income by $9.2 billion within 15 years. "This is really a sobering look at what's going on," Board Member Theresa Taylor said during a presentation. The forecast presented on Monday...

  • NEW YORK, Aug 30- Sharon Kotzen is a 73- year-old retiree, but she is hardly taking it easy. By 2020, the wealth of those currently 52 to 70 will peak at more than 50 percent of the nation's assets, according to the Deloitte Center for Financial Services. Indeed, some 61 percent of grandparents financially supported adult children in the previous year, according to the "...

  • NEW YORK, Aug 30- Sharon Kotzen is a 73- year-old retiree, but she is hardly taking it easy. By 2020, the wealth of those currently 52 to 70 will peak at more than 50 percent of the nation's assets, according to the Deloitte Center for Financial Services. Indeed, some 61 percent of grandparents financially supported adult children in the previous year, according to the "...

  • Retiree careers

    These days, retirees are seeking adventure in their encore careers, securing work at national parks, on cruises and more.

  • millennial woman

    Millennials get a bad rep on money management, but they do have some smart money habits worth imitating.