The price of oil could go sharply higher, depending on the duration of the disruption at Saudi oil facilities and whether there is a military response.Powering the Futureread more
Energy stocks, one of the worst-performing sector this year, spiked on Monday after an attack on Saudi Arabia's heart of oil production Saturday sent oil prices soaring.Marketsread more
The Saudi-led military coalition battling Yemen's Houthi movement said on Monday that the attack on Saudi oil plants was carried out by Iranian weapons and did not originate...Oilread more
President Donald Trump said Monday he's in no rush to respond to a coordinated attack that hit Saudi Arabia's oil industry over the weekend.Marketsread more
"The United States military, with our interagency team, is working with our partners to address this unprecedented attack and defend the international rules-based order that...Politicsread more
Traders in the fed funds futures market on Monday were pricing in a 34% chance that the Fed will stay put on rates.The Fedread more
J.P. Morgan's chief quant says oil prices would start to hurt stock prices when they hit the $80 to $85 range.Market Insiderread more
Walmart said Monday it's relaunching the once-beloved trendy New York fashion brand, Scoop NYC, on its website nationwide and in select stores.Retailread more
Gas prices could rise by about 20 cents per gallon "starting tomorrow," oil analyst Andy Lipow says Monday.Oil and Gasread more
Some operators are cashing in on the CBD craze by substituting cheap and illegal synthetic marijuana for natural CBD in vapes and edibles such as gummy bears, an AP...Health and Scienceread more
An oil processing facility at Abqaiq and the nearby Khurais oil field was attacked on Saturday.Marketsread more
All your retirement dreams can come true, just maybe not in the U.S.
Among the leading nations for retirement security, the United States didn't even crack the top 15, according to the 2017 Global Retirement Index by Natixis Global Asset Management.
Europe, however, continued to dominate the top spots, with Norway at No. 1 for the second year in a row, followed by Switzerland and Iceland. Sweden ranked No. 4 and New Zealand rounded out the top 5, Natixis reported.
With more retirees around the world responsible for their own financial security, the countries that ranked the best benefited from a combination of strong social programs, widely accessible health care and low levels of income inequality, according to Natixis.
Recent public spending in top-ranked Norway has bolstered the nation's pension plans, helped in part by the country's massive sovereign wealth fund. Other high-ranked countries, such as New Zealand and Australia, have universal, mandatory retirement savings plans.
Meanwhile, the United States slipped three spots to 17th for retirement security, according to the report.
Despite high per-capita income, stable financial institutions, low inflation, low unemployment and clean air, the U.S. also has one of the highest levels of income inequality among developed nations and a growing ratio of retirees to employment-age adults, which means there are fewer workers to support programs such as Social Security and Medicare.
A little more than half of working-age households are at risk of being unable to maintain their current standard of living in retirement, according to the National Retirement Risk Index measurement from the Center for Retirement Research at Boston College.
As a result, many workers say they are expecting to work past age 70, if they retire at all. And as they approach retirement age, older Americans are becoming steadily more pessimistic about their future economic prospects, according to a separate study by United Income, a startup that aims to apply big-data analysis to financial planning.
As much as 88 percent of Americans agree that the nation faces a retirement crisis, according to one survey by the Washington, D.C.-based National Institute on Retirement Security pension research group.
Natixis examined access to financial services and quality health care as well as the ability to live comfortably in a clean, safe environment across 43 countries.