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Baby Boomers
NEW YORK— What is the sound of a stock market at a record high and nobody buying it? "It's still one of the first things that comes up" when Brian Jacobsen, chief portfolio strategist at Wells Fargo Funds Management, talks with clients and even some friends. Through the first seven months of this year, investors pulled a net $8 billion out of U.S. stock funds.
CHICAGO, Sept 14- Immigrants- we get the job done is one of the most famous lines from " Hamilton," the hit Broadway musical. The Trump administration's move last week to end protections and benefits for young people who were brought into the United States illegally as children is a nightmare for undocumented people and so-called Dreamers. But the immigration...
WASHINGTON— Sluggish pay raises have been an Achilles' heel for American workers since the Great Recession ended more than eight years ago— and a major headwind for faster economic growth. As a result, many people are spending less than they otherwise would. Dan North, chief economist for Euler Hermes North America, part of the world's oldest and largest credit...
Aug 30- Harley-Davidson enthusiast Jo Verrette, 65, finally sold her 2006 model Harley Deluxe this year for $6,500, a third of what she bought it for, after listing it on Craigslist on and off for two years. I have a projection of total motorcycle ridership for the country declining for at least the next five years, "Bernstein analyst David Beckel said.
The housing recovery is suffering partly because baby boomers aren't downsizing as they used to — it's getting too expensive.
Aug 18- Nestle SA on Friday paddled back claims in a new lawsuit in which Atari SA accused the Swiss food company of pilfering its classic 1970 s video game "Breakout" to help sell Kit Kat chocolate-covered wafer bars. Nestle damaged Atari's goodwill and reputation on Facebook, Twitter and television by exploiting the name, look and feel of "Breakout," it said in a...
LONDON, Aug 18- As Wall Street and world stocks chalk up record high after record high, anxiety about a steep correction is mounting. Yet all else being equal, the odds of say, a 20 percent fall are pretty much the same as another 20 percent raally. Much can be explained by behavioral economics, in particular the "prospect theory" advanced by Daniel Kahneman and Amos...
Aug 17- A new lawsuit accuses Nestle SA of blatantly violating the rights of Atari by using without permission the classic 1970 s video game "Breakout" in a new marketing campaign for its Kit Kat chocolate-covered wafers. In a complaint filed on Thursday in federal court in San Francisco, Atari said Nestle knowingly exploited the "Breakout" name, look and feel...
ZURICH, Aug 17- Sonova on Thursday launched a new hearing aid microchip capable of streaming audio directly from wireless devices as the Swiss company tries to close the gap with Danish competitors that pioneered similar technology years ago. "We needed a solution that works for everybody," Sonova Chief Executive Lukas Braunschweiler told Reuters in an...
ZURICH, Aug 17- Sonova on Thursday launched a new hearing aid microchip capable of streaming audio directly from wireless mobile devices as the Swiss company aims to close the gap to Danish competitors that pioneered similar technology years ago. "We needed a solution that works for everybody," Sonova Chief Executive Lukas Braunschweiler told Reuters in an...
SAN FRANCISCO, Aug 14- U.S. wages are on the rise at a pace that is probably faster than the topline data suggest, according to a leading labor economist at the U.S. central bank. Officials at the Federal Reserve and other economists have publicly puzzled over sluggish wage growth despite a 16- year low unemployment rate. In a blog post Monday titled "The good news on...
Parents of the bride and groom cover roughly two-thirds of a wedding, says WeddingWire. What to know before you offer cash.
*Second-quarter productivity rises at 0.9 percent rate. WASHINGTON, Aug 9- U.S. worker productivity rose more than expected in the second quarter as hours increased at their fastest pace in 1-1/ 2 years, keeping labor costs under control. The Labor Department said on Wednesday that nonfarm productivity, which measures hourly output per worker, increased at a 0.9...
*Second-quarter productivity rises at 0.9 percent rate. WASHINGTON, Aug 9- U.S. worker productivity rose more than expected in the second quarter as hours increased at their fastest pace in 1-1/ 2 years, keeping labor costs under control. The Labor Department said on Wednesday that nonfarm productivity, which measures hourly output per worker, increased at a 0.9...
WASHINGTON, Aug 9- U.S. worker productivity rose more than expected in the second quarter amid an increase in hours, but the trend remained weak, suggesting that robust economic growth could remain elusive. The Labor Department said on Wednesday nonfarm productivity, which measures hourly output per worker, increased at a 0.9 percent annualized rate in the...
Strategist David Rosenberg named demographics the single most important factor for investors to monitor over the next decade.
The Milwaukee- based motorcycle maker, which had previously forecast flat to modestly down full-year shipments, said it expects to ship 241,000 to 246,000 motorcycles in 2017, compared with 262,221 a year earlier. Harley's dealers in the United States had too many 2016 models at the end of the fourth quarter, which led the company to limit shipments of its 2017...
By Paul Sandle and Ben Hirschler. LONDON, July 6- The world's top medical technology companies are turning to robots to help with complex knee surgery, promising quicker procedures and better results in operations that often leave patients dissatisfied. Now U.S.-based Stryker and Britain's Smith& Nephew believe that is about to change, as robots give them an...
Picture it: 40 picturesque acres nestled in Wisconsin lake country. That is the ideal getaway the grandfather of Chicago financial planner Tim Obendorf's wife built around 50 years ago. "Whenever a number of families are under the same roof, conflicts are going to arise," said Jill Shipley, managing director of family dynamics for Abbot Downing, a division of Wells...
Picture it: 40 picturesque acres nestled in Wisconsin lake country. That is the ideal getaway the grandfather of Chicago financial planner Tim Obendorf's wife built around 50 years ago. "Whenever a number of families are under the same roof, conflicts are going to arise," said Jill Shipley, managing director of family dynamics for Abbot Downing, a division of Wells...
