Month: May 2018

No Picture
Trading Ideas

The Unintended Consequence of Letting Workers Take Social Security at Age 62

May 29, 2018 admin Comments Off on The Unintended Consequence of Letting Workers Take Social Security at Age 62

With the Social Security system facing insolvency by 2034, one option to address the program’s fiscal shortfall is to raise the early retirement age of 62. While little is known about the effects this would have on the financial well-being of beneficiaries, a paper released this month by the National Bureau of Economic Research sheds some light on the dynamics involved. The Social Security Act of 1933 set the minimum age for claiming full retirements at 65, but Congress passed an amendment in 1983 that raised that age to 67, with the increase phased in over a 22-year …read more […]

No Picture
Business News

Wall Street drops on Italy worries

May 29, 2018 admin Comments Off on Wall Street drops on Italy worries

NEW YORK (Reuters) – The S&P 500 and the Dow Jones Industrial Average suffered their biggest one day percentage drop in a month on Tuesday as political turmoil in Italy sparked concerns about the stability of the euro zone and shares of U.S. banks tumbled.

…read more […]

No Picture
Trading Ideas

3 Strong Buy Stocks from an Impressive Industry

May 29, 2018 admin Comments Off on 3 Strong Buy Stocks from an Impressive Industry

As many investors know, there is an age-old saying that 50% of a stock’s price movement is the result of its group. For individuals who stick true to the aforementioned belief, we will highlight three of the strongest and most promising stocks within the Semiconductor industry, in hopes of guiding investors to a stock that holds its own merit, while being carried by the merit of the stocks surrounding it. …read more […]

No Picture
Business News

San Francisco subpoenas Uber, Lyft on driver classification

May 29, 2018 admin Comments Off on San Francisco subpoenas Uber, Lyft on driver classification

SAN FRANCISCO (Reuters) – San Francisco’s city attorney has subpoenaed Uber Technologies Inc [UBER.UL] and Lyft Inc to turn over records relating to how the ride-hailing firms classify drivers, as well as driver wages, health care and other benefits in the latest probe in the city’s year-long investigation into the companies.

…read more […]

No Picture
Business News

Italy, banks drive Wall Street southward

May 29, 2018 admin Comments Off on Italy, banks drive Wall Street southward

(Reuters) – U.S. stock markets sank more than 1 percent in value on Tuesday on downbeat guidance on trading from JP Morgan and worries over Italy, putting the S&P and Dow Jones Industrial Average on track for their biggest one-day drops in a month.

…read more […]