WASHINGTON— Despite some good news, Medicare and Social Security still face long-term financial problems as millions of baby boomers reach retirement. At that point, unless Congress acts, the program will collect only enough payroll taxes to pay 81 percent of benefits.» Read More
WASHINGTON, July 23- Wages may be growing at a faster clip than envisaged by U.S. policymakers, with a recent raft of business surveys showing an increase in the number of companies raising compensation.
WASHINGTON— Out of a seemingly hollow recovery from the Great Recession, a more durable if still slow-growing U.S. economy has emerged. That conclusion, one held by a growing number of economists, might surprise many people. After all, in the five years since the recession officially ended, Americans' pay has basically stagnated.
Scammers posing as distressed grandkids are scamming grandparents into sending them money wires and credit cards. FT reports.
June 24- Howie Barokas had just ridden his Harley-Davidson Ultra Limited on Highway 50 across the searing Nevada desert when he heard about the company's new electric motorcycle. Then again, Harley-Davidson Inc was looking beyond loyal baby boomers like 49- year-old Barokas when it unveiled its first electric prototype bike last Thursday.
June 19- Drugstore operator Rite Aid Corp said higher drug costs and a fall in reimbursement rates would continue into the second quarter, sending it shares down 4.4 percent. Rite Aid's shares have been on a tear for most of the past year, until the company warned on first-quarter profit and cut its full-year earnings forecast earlier this month.
New York, June 13- The big retirement benefit consultants are facing increasing competition as financial advisers move in on their turf, according to Chip Castille, the head of BlackRock's U.S. retirement group.
WASHINGTON, June 5- For the first time in six years, the share of people who either have a job or are looking for one is on the rise in a majority of U.S. states, a sign one of the deepest scars of the economic crisis could be healing.
NEW YORK, May 19- In an era of stagnant wages and rising prices, Americans are expected not only to pay the daily bills and save millions for retirement, but also put away enough for college for their kids. Grandparents such as Maureen Reiter. The firm's 2014 529 Consumer Survey found that 13.1 percent of 529 accounts are now owned by grandparents.
Six years after the financial crisis, birth rates haven't bounced back. For the economy, that's bad news.
WASHINGTON, May 2- U.S. employers hired workers at the fastest clip in more than two years in April, pointing to a rebound in economic growth after a dreadful winter and keeping the Federal Reserve on track to end bond purchases this year. Nonfarm payrolls surged 288,000 last month, the Labor Department said on Friday.
TORONTO, May 1- Manulife Financial Corp said on Thursday its first-quarter profit rose by more than 50 percent as a stronger investment performance and higher wealth management fees more than offset weaker insurance sales, but the results just missed analysts' estimates.
NEW YORK, April 30- When it came time for Tom Moser and his wife to consider having his 83- year-old father move in with them, a house with a special multigenerational floor plan solved their problems- and may have saved his dad's life.
LOS ANGELES, April 25- Home ownership rates in the United States will likely fall to levels last seen in the 1980 s as baby boomers retire and millennials wait longer to form households, the manager of the DoubleLine Total Return fund said Friday, recommending that investors short exchange-traded funds focused on homebuilding companies.
Home ownership rates in the United States will likely fall to levels last seen in the 1980s, Jeffrey Gundlach says.
April 21- An army of U.S. labor force dropouts stands ready to get back in the game when conditions improve, implying wages, prices and interest rates will stay lower for longer.
April 10- Rite Aid Corp, the third-largest U.S. drugstore operator, forecast fiscal 2015 sales above analysts' estimates as it benefits from the launch of new generic drugs and enrolls more customers in its loyalty programs.
April 9- Younger investors may have drawn the right conclusion about the great financial crisis- that they were scammed- but their defensive reaction will simply add self-inflicted wounds to existing injuries.
OTTAWA, April 8- With the crushing defeat suffered by the Parti Quebecois in Monday's provincial election, Canadians are once again wondering aloud whether voters have finally buried the decades-old nationalist dream of an independent Quebec.
*Defaulters Ecuador, Greece prepare bonds; Pakistan, Zambia raise 10- yr cash. *After Q1 bond issuance tops $100 bln, second wave of riskier emerging credits.
The Centers for Medicare and Medicaid Services said that on average, reimbursement for such Medicare Advantage plans in 2015 would rise 0.4 percent, reversing what is said was a 1.9 percent average reduction proposed in February.