More Equity Losses Ahead in Asia as New Concerns Boost Yen, Gold
published Nov 28th 2016, 4:54 pm, by Emma O’Brien (Bloomberg) — The global equity rally is petering out, with index futures signaling losses in Asia following U.S. benchmarks’ retreat from record highs. Haven assets maintained gains as the focus shifted from Donald Trump’s election win to fresh threats to market
Outdated 401(k) Rules Are Shortchanging Americans
published Nov 28th 2016, 5:32 pm, by Suzanne Woolley (Bloomberg) — Many company 401(k) retirement savings plans could use a swift kick into the 21st century, according to a new report from the U.S. Government Accountability Office. A number of longtime 401(k) plan designs fail to reflect a new, more
OPEC Pushes for Oil Deal as Saudis Open Door for No Output Cut
published Nov 27th 2016, 4:00 pm, by Angelina Rascouet, Grant Smith and Wael Mahdi (Bloomberg) — OPEC is embarking on a last-ditch diplomatic push to reach a production cut, with ministers flying to Russia for talks, as Saudi Arabia for the first time suggested the oil-club doesn’t necessarily need to
U.S. Existing Home Sales Climb to Highest Since Early 2007
published Nov 22nd 2016, 9:19 am, by Shobhana Chandra (Bloomberg) — Sales of previously owned U.S. homes unexpectedly climbed in October to the highest level since February 2007, a sign of momentum in the housing market a month before a jump in borrowing costs, National Association of Realtors data showed
Soaring Consumer Confidence: Are Americans Happy It’s Trump, or Just Happy It’s Over?
published Nov 23rd 2016, 11:12 am, by Luke Kawa and Julie Verhage (Bloomberg) — On the surface, the message from the University of Michigan’s final reading of consumer sentiment for November is that President-elect Donald Trump will fix what ails the nation — fast. The consumer expectations index of the
Women and Family: Prenups for Ideas Are All the Rage With Millennials
published Nov 1st 2016, 6:27 am, by Polly Mosendz (Bloomberg) — It’s well known that millennials prize experiences over possessions, but the latest trend in prenuptial agreements shows that this generation might also favor protecting what’s in their head over what’s in their wallet. The number of millennials seeking prenups
U.S. Stocks Advance to Highs as Dow Tops 19,000; Metals Rally
published Nov 22nd 2016, 3:26 pm, by Rita Nazareth and Lukanyo Mnyanda (Bloomberg) — All four major U.S. stock benchmarks rallied to records, with the Dow Jones Industrial Average topping 19,000 for the first time. Metals climbed, while oil was little changed. The Dow Average rose alongside the S&P 500
Devotional 11/23: Name a Country That Begins with the Letter, “U”
Somehow, I have gotten a lot of a certain kind of video recommended to me on YouTube. They have been videos from Bill O’ Reily’s Watters’ World segment and videos from Jay Leno’s Jaywalking (from years past). You know, the kind of videos where they walk up to someone on the
Saudi Arabia’s Vision for the Future Looks Dim to Jobless Youth
published Nov 22nd 2016, 1:42 pm, by Vivian Nereim (Bloomberg) — Saudi engineering graduate Marwan turned down a job from General Electric to hold out for a better salary. It’s a decision he now regrets. The 24-year-old native of the port city of Jeddah has been applying to jobs for
Trump Says ‘Can’t Have a Conflict of Interest’ as President
published Nov 22nd 2016, 3:35 pm, by John Voskuhl and Caleb Melby (Bloomberg) —President-elect Donald Trump said that a sitting U.S. president “can’t have a conflict of interest,” responding to a surge of questions about whether his global business interests will collide with his official duties when he takes office