Archive for November 7th, 2019

<p>Sears told Reuters on Thursday it had won a $250 million lifeline from lenders that include billionaire owner Eddie Lampert, and will close additional stores, as mounting losses strain the beleaguered U.S. department store chain's finances.</p>

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<p>The arrival of robots at the nation's largest marine terminal, a 484-acre facility run by Danish conglomerate A.P. Moller-Maersk, is exposing a stark economic divide between two sets of Southern California workers.</p>

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The IRS has just released its figures for the 2020 tax year. Here's how to find out what tax bracket you'll be in next year and how much you can save in tax-advantaged accounts.

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Unemployment is hovering near a five-decade low, workforce participation is at the highest level in six years and Federal Reserve Chairman Jerome Powell recently called the labor market “strong.” Yet, 44% of Americans age 18 to 64 are low-wage workers, according to a Brookings Institution report.

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Some pension-fund managers are venturing further into unusual investment territory as this year’s plunge in bond yields makes it even harder to find decent long-term returns.

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There was also a drop in the share of people who think now is a good time to sell a home, from 44% to 41%, according to a monthly survey by Fannie Mae.

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When Mike Maslowski has trouble sleeping, he cracks open a beer in his Wenonah, N.J., living room, watches old movies and does not worry about it. “I don’t have to be anywhere at 8 a.m.,” said the 61-year-old retiree, who worked for 30 years as an ad salesman for the Philadelphia Inquirer and Daily News. Most nights, though, Mr. Maslowski sleeps soundly. He is pretty sure that his financial philosophy is among the reasons: Unlike retirees who…

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Baby boomers are putting off retirement and that may be making it harder for millennials and Gen Xers to get promoted: USA TODAY/LinkedIn survey.

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Here's what to watch for to make sure you don't fall prey to some of the biggest rip-offs targeting seniors.

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<p>U.S. stock index futures turned sharply higher Thursday morning after China reportedly said the world’s two largest economies had agreed to cancel additional tariffs imposed in their months-long trade war.</p>

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<p>China and the United States have agreed in the past two weeks to cancel tariffs imposed during their months-long trade war in different phases, the Chinese commerce ministry said on Thursday.</p>

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If you're a recent graduate, you're are now in for a real treat: It’s time to start making payments on federal student loans.

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Despite the U.S.-China trade war and slowing growth in the world's second largest economy, the total wealth of the 400 members on the 2019 Forbes China Rich List rose by more than 20% from a year ago.

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Around 50 cars with Uber and Lyft logos plastered on their windshields wound through the palm tree-lined streets of Beverly Hills, down Rodeo Drive and into the quiet hills, past palatial homes.

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