75% of Retirees Underestimate This Lurking Expense
We all like to believe that we’ll stay healthy during our golden years, but the statistics don’t lie. Among adults 65 and older, 68% will require long-term care at some point, according to a study by the Insured Retirement Institute (IRI.) However, only 25% of retirees surveyed believed that they are likely to need long-term […]
4 Ways You’re Robbing Yourself of Your Social Security Benefits
Social Security isn’t enough to support you fully in retirement, but it’s a nice supplement to your personal retirement accounts. Even if you receive only a few hundred dollars each month, that’s money you don’t have to withdraw from your own savings. Often times, when people don’t understand the mechanics of Social Security, they end […]
Bitcoin trades back below $4,000 as selloff returns
Speculative traders are taking profit of short-term longs above $4,000, says research firm Any bitcoin revival is on hold as the price of the world’s best-known cryptocurrency trades back below $4,000. After bouncing more than 20% of its low, bitcoin BTCUSD, +0.39% has surrendered close to half of the gains and was last trading at […]
Microsoft surpasses Apple as most valuable U.S. company
After briefly surpassing Apple earlier in week, Microsoft retakes top spot for first time in 15 years It’s official: Microsoft Corp. on Friday took back its title as the most valuable U.S. company by market capitalization at the close of trading, unseating Apple Inc. after a more than two-year run in the top spot. Microsoft […]
Apple launched probe into possible business misconduct within its supply chain
Company says it found no evidence of bribery or kickbacks Apple Inc. conducted an investigation in May into possible business misconduct within its supply chain, including possible kickbacks and bribes to employees from suppliers, rattling some of the tech giant’s suppliers and employees as they geared up to produce the company’s newest devices. In response […]
Stocks finish higher as optimism mounts over potential U.S.-China trade deal
Stocks ended higher Friday, with the S&P 500 index and the Nasdaq notching their best week in nearly seven years, after upbeat comments from a U.S. trade official who suggested that some sort of a trade deal is possible during a meeting between President Donald Trump and Chinese leader Xi Jinping at the G-20 summit […]
Sleep Country buys Endy
Sleep Country Canada’s $88.7 million purchase of Canadian mattress start-up Endy won’t mean the two will be amalgamated or that the brand will cease selling products from Endy’s bed-in-a-box competitors. Toronto-based Sleep Country said Friday that the two will operate separately and that Sleep Country won’t abandon selling the Bloom mattress-in-a-box that it launched in […]
Lawrence Solomon: Who killed GM’s non-electric cars? The government did
U.S.-Canada Auto Pact’s fuel-economy regulation established subsidies, handouts that carmakers now love to game Don’t blame General Motors or declining market demand for automobiles for the plant closings in Canada and the U.S. announced this week. The closings are largely the work of governments. Demand for cars hasn’t plummeted, as some media outlets have reported. […]
USMCA signed, but not yet sealed and delivered. Stay tuned
President Trump is certain the deal will be ratified by Congress, but then again, he may also threaten to withdraw Prime Minister Justin Trudeau signed off on a new trilateral trade deal with the United States and Mexico Friday, ending a 15-month chapter of difficult negotiations while simultaneously opening up rocky new one in which […]
Canadian economic growth weakens as business investment drops and consumers spend less
The Canadian economy grew at an annualized pace of 2.0 per cent in the third quarter compared with 2.9 per cent in the second quarter OTTAWA — The pace of economic growth in Canada slowed in the third quarter as business investment spending fell and the growth in household spending slowed, raising questions about the […]