Boomers Face This Risk in Retirement: Here’s How To Avoid It

Boomers stand to draw down on their retirement savings faster because of their reliance on defined contribution plans. Baby boomers seem to be overestimating how long their retirement savings will last — or maybe underestimating how long they’ll live. New research from the Center for Retirement Research at Boston College found that Boomers may be […]

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This week’s sell-off, brought to you by the letter ‘C’: Morning Brief

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Tuesday, September 21, 2021 Two words that hint of volatility, connected by a third An ugly start to September, and the even uglier start to this week’s trading session, […]

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TrueLayer nabs $130M at a $1B+ valuation as open banking rises as a viable option to card networks

Open banking — a disruptive technology that seeks to bypass the dominance of card networks and other traditional financial rails by letting banks open their systems directly to developers (and new services) by way of APIs — continues to gain ground in the world of financial services. As a mark of that traction, a startup […]

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FOMC preview: Fed seeks to downplay rate hike prospects as taper talks advance

The Federal Reserve is not expected to announce any major policy change at the conclusion of its meeting on Wednesday, but markets could jitter from Fed signals that one could be coming soon. The Fed has signaled that it will likely start pulling back on its extraordinary monetary support before the end of the year. […]

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Celebrating the Diversity of Our Workforce

How we're leaning into the voices, perspectives and experiences that strengthen our mission Northampton, MA –News Direct– Merck & Co., Inc. In January 2015, Celeste Warren, vice president and chief diversity officer, suggested during a team meeting that we need to celebrate the diversity of our employees and provide them with time to pause, learn […]

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Bitcoin Retreats to August Low Amid Bout of Global Market Angst

(Bloomberg) — Bitcoin extended losses on Tuesday, falling to the lowest level since August after a global selloff in riskier assets took the overall value of the cryptocurrency market back below $2 trillion. Most Read from Bloomberg The Global Housing Market Is Broken, and It’s Dividing Entire Countries Merkel’s Legacy Comes to Life on Berlin’s […]

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The Multiple Reasons Why Microsoft Stock Is a Winner

It’s business as usual for Microsoft (MSFT) in 2021, with the stock on an almost constant steady upward trajectory. Looking ahead, Tigress analyst Ivan Feinseth expects the good times to continue, claiming the “ongoing digital transformation, increasing cloud strength and new product introductions will continue to drive significant revenue and Economic Profit growth.” In fact, […]

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Student loans: Ending the pandemic payment pause ‘is a defining moment,’ Federal Student Aid COO says

The head of the federal government's massive student loan portfolio recently described the pandemic payment pause as "an unprecedented challenge," adding that restarting payments for tens of millions Americans after January 2022 will be "a defining moment." Federal Student Aid (FSA) Chief Operating Officer Richard Cordray made the remarks in a Sept. 16 speech to […]

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S&P 500’s Late Bounce Came on Extreme Volume in Futures Market

(Bloomberg) — The late-afternoon bounce in U.S. stocks came amid a trading frenzy in the futures contracts. Most Read from Bloomberg The Global Housing Market Is Broken, and It’s Dividing Entire Countries Merkel’s Legacy Comes to Life on Berlin’s ‘Arab Street’ Is There Room for E-Scooters in New York City? Amazon, Microsoft Swoop In on […]

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Deserted Factories Show How China Electric Car Boom Went Too Far

(Bloomberg) — Visitors to Byton Ltd.’s website are greeted with color-saturated images of shiny electric cars gliding along manicured streets. Those paying a visit to the automaker’s factory in Nanjing, eastern China may be less impressed. The plant is modern and huge, gleaming under the hot summer sun. But there’s total silence. Production has been […]

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