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Pope Leo urges 'courage' to end Ukraine war in first Christmas address BBCPope Leo Surprises St. Peter's Crowd Before Christmas Eve Mass The New York TimesWhat Pope Leo said in his first Christmas message AxiosIn first Christmas message, Pope Leo decries Palestinians in Gaza forced to shelter in tents from ‘rain, wind and cold' CNNPope Leo XIV urges the faithful to shed indifference in face of suffering
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Wednesday Dec. 24 Powerball jackpot is $1.7B! Let us help you pick numbers. USA TodayPowerball $1.817 billion Christmas Eve jackpot won by single ticket, in Arkansas CBS NewsSingle Ticket Wins $1.8 Billion Powerball Jackpot on Christmas Eve, the 2nd Largest in History People.comWinning Powerball numbers last night, Dec. 24: Anyone win? Powerball winner in Arkansas
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An entrepreneurial mindset isn't just for startups. Learn how to lead with agility and discipline at any scale.
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The Federal Reserve was top of mind for investors Monday, with the central bank's next policy decision - a likely 75 basis-point rate hike - due out Wednesday. This led to back-and-forth trading for much of the session, though the major market indexes ultimately ended in positive territory today.
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While the economic calendar is relatively thin over the next few days, Wall Street will see a round of housing data in the leadup to the Fed announcement. Today, that was the release of the National Association of Home Builders (NAHB)/Wells Fargo housing market index, which showed builder confidence fell 3 points in September to 46, its lowest level since spring 2020. This was the ninth straight monthly drop in the index, and came amid a "combination of elevated interest rates, persistent building material supply-chain disruptions and high home prices [that] continue to take a toll on affordability," the report stated.
"We expect the other housing market releases this week (housing starts, existing home sales and building permits) will show similar weakness," says Raymond James economist Giampiero Fuentes. "Bad news continues to be good news for the Fed, as it indicates its tightening cycle is working to slow demand."
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In terms of sector performance, materials stocks ( 1.7%) were the leaders. Healthcare (-0.5%), meanwhile, lagged as COVID-19 vaccine makers like Pfizer (PFE, -1.3%) and Moderna (
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A bear market accompanied by market volatility has led to shifting perceptions of what constitutes a secure retirement, according to a new national poll by Kiplinger and retirement services company Athene. Top concerns of retirees and near-retirees include a possible recession, the financial security of Social Security, the cost of health care and inflation.
A majority of respondents say that having more guaranteed income in retirement would ease their concerns about running out of money. Even so, an overwhelming majority of current retirees report high levels of satisfaction and happiness. And retirees are generally confident about their financial future, with 70% reporting they expect to have enough income to live comfortably, and 66% saying they are confident they will not run out of money in retirement. However, preretirees are less sanguine. Less than 55% of respondents not yet retired expressed confidence that they will not run out of money at some point.
The poll targeted retirees and pre-retirees with a net worth of at least $100,000; the respondents' median household net worth (excluding primary residence) was $369,979 for retirees and $322,506 for pre-retirees. The relatively high net worth is one likely reason financial confidence in this survey is higher than reflected in other retirement-confidence surveys.
Retirees are a bit more positive about stock market volatility than preretirees. Nearly half (49%) of retirees are concerned that stock market volatility could cause serious economic hardship in retirement (versus 64% of preretirees). Some 68% of retirees say they are doing nothing (and waiting) in response to volatility this year (versus 60% of preretirees).
Among retired respondents, 83% have already claimed Social Security benefits, with a mean claiming age of 63. For 43% of these respondents, Social Security provides 50% or more of their annual retirement income. Top sources of stable income for current retirees (be
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What if your business tools could help you get things done without getting in the way? That's a question many tech executives ask these days. I spoke with one of them, Boomerang Co-founder and CEO Aye Moah, to get her perspective.
We know the world of work has undergone deep transformation in the last few years. Existing change trends accelerated with COVID-19, which sent people home and also set workers scurrying to identify tech solutions to help them work smarter and better. Boomerang makes some of these.
To read this article in full, please click here
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