Combining small 401(k) accounts helps preserve retirement saving
A private sector answer to a big problem is finally getting some traction Good news. The Department of Labor, with its request for public comment, may be about to give Retirement Clearinghouse LLC the green light to proceed with its proposal to automatically transfer small balances from one 401(k) to another. Such an arrangement would […]
Bitcoin trades higher, but struggles to regain $4,000
Cryptocurrency prices traded mostly higher Tuesday, looking to claw back some of the ground lost on Monday. After falling as much as 8% on Monday, bitcoin, BTCUSD, -1.27% the best-known cryptocurrency, was last changing hands at $3,930.23, up 1% since Monday’s level at 5 p.m. Eastern Time on the Kraken cryptocurrency exchange. Bitcoin mining gets […]
TSX, U.S. stocks lower
Canada’s main stock index was lower in late-morning trading, weighed down by losses in the influential energy, financial and industrials sectors. The S&P/TSX composite index was down 38.33 points at 15,236.65. In New York, the Dow Jones industrial average was down 204.57 points at 25,621.86. The S&P 500 index was down 22.27 points at 2,768.10, […]
Climate talk details
Negotiators at the U.N. climate talks got down to the nitty-gritty task Tuesday of finalizing the rules for the Paris accord, a landmark agreement by countries three years ago to curb global warming. The 2015 accord set a goal of keeping average global temperature increases well below 2 degrees Celsius (3.6 Fahrenheit) by the end […]
Thomson Reuters cuts jobs
Thomson Reuters Corp. says it is cutting 12 per cent of its global workforce, or 3,200 full-time jobs, by 2020. The news and information company made the announcement at its annual investor day conference in Toronto. Executives at Thomson Reuters says the move is part of a larger plan to further reduce the company’s expenses […]
Vancouver sales slide
Both sales and prices for Metro Vancouver homes have dropped in what the head of the Real Estate Board of Greater Vancouver says is a return to historical demand levels. Board president Phil Moore says home buyers have been taking a wait-and-see approach for most of 2018 and the slower activity has prompted home prices […]