Feel like you need to take a mulligan on your Social Security strategy? More than one-third of retirees decide to claim their benefits as soon as they can, at age 62. Retirees may have good reason to be worried. The program’s trust fund is projected to run out of money in 2030, meaning there won’t […]
Category: Business
Stock Market Hurt By Immigration Ban
The messy and contentious rollout of the executive order blocking entrance for refugees and travelers from seven majority-Muslim nations has dented the stock market surge enjoyed by President Trump since his election. Ever since winning the White House in early November, Trump has ridden a wave of stock market success as investors prepared for the […]
Trump Slashes Regulations On Businesses With Executive Order
President Trump signs an executive action in the Oval Office of the White House on Monday in Washington, D.C., saying he will “dramatically” reduce small business regulations overall. President Trump signed another executive order Monday morning, fulfilling another campaign pledge, this one to eliminate two federal regulations for every new regulation enacted. Trump signed the […]
Trump Budget Nominee Supports Cutting Medicare, Social Security
President Donald Trump’s nominee to become the nation’s budget director, Rep. Mick Mulvaney , R-S.C., defended Tuesday his support of cuts to popular entitlement programs that Trump vowed to keep intact and emphasized that he would bring a “fact-based approach” to the role. In appearances before the Senate budget and homeland security committees, Mulvaney acknowledged […]
Should You Take Social Security At 62?
American workers who are eligible for benefits can claim Social Security as early as age 62, although full retirement age isn’t until at least 66. The most common age at which people file for their Social Security retirement benefit — you guessed it — 62. It’s easy to see why many people want that money […]
Stock Market Is Soaring
Stock markets have been on the rise since Donald Trump’s electoral victory in November, but many Wall Street experts say the president-elect can’t take all the credit. While it’s true that expectations for many of his proposed policies have accelerated the markets’ tear, the economy was in good shape way before the election, and it’s up for […]
Social Security Could Be Short 11 Trillion Dollars
President-elect Donald Trump has said he will preserve Social Security, though if he and Congress do nothing to fix the funding, the financial reckoning will be huge — as much as $11.4 trillion down the road. The last time Congress changed Social Security in a significant way with a series of benefit cuts and payroll […]
General Motors To Invest $1B In American Factories And Job
DETROIT – General Motors will announce a $1 billion investment in its factories that will create or keep around 1,000 jobs, a person briefed on the matter said Monday. The Detroit automaker will make the announcement Tuesday morning. The investment is part of the normal process of equipping factories to build new models, and it’s […]
German Automakers At Odds With Trump
It’s Germany’s turn to feel the heat after President-elect Donald Trump turned his ire on the country’s automakers, its supposed dominance of the European Union, and the failings of Chancellor Angela Merkel’s refugee policy. In a weekend interview given jointly to Germany’s biggest tabloid, Bild-Zeitung, and (somewhat incongruously), the august Times of London, Trump repeated […]
Investors Betting On Post Inauguration Downturn
If options traders are correct, stocks are in for a wild ride in February. Demand for one-month call options tied to the CBOE Volatility Index, a popular gauge of stock-market volatility, has spiked in the past week, a sign that some are bracing for a sharp downturn following the inauguration of President-elect Donald Trump. In […]
Mexico Wants To Re-Negotiate Nafta With Trump As Soon As Possible
MEXICO CITY – Mexico’s new foreign relations secretary says the country isn’t only willing to negotiate changes to the North American Free Trade Agreement, it wants negotiations as soon as possible. Luis Videgaray says there’s “enormous uncertainty” following the U.S. election of Donald Trump as president. Trump has pressured companies not to move jobs to […]
Sears On Brink Of Bankruptcy
Business Insider spoke with more than a dozen employees, ranging from store clerks to senior executives, about the unraveling of Sears. Many spoke on the condition that they not be identified for fear of legal retribution from Lampert and Sears, including one person who specified that she would only speak off the record upon the […]