Leaving the Wrong Beneficiary on Your IRA Plan Can Be a Costly Mistake
Many savers pay little attention to retirement-account beneficiaries. That’s a mistake. Source link
Finance
Employers said they cut more than a million jobs so far this year, a sharp rise in job losses compared with the same period last year, according to a new report
The report from private consulting firm Challenger, Gray & Christmas shows a sharp rise in job losses in the first
The Bank of Mexico extended its monetary easing cycle with an 11th consecutive cut in its benchmark interest-rate, and kept the door open to more reductions in the future
The board of governors lowered the benchmark rate by a quarter of a percentage point to 7.25% and kept the
‘After last week’s meeting, I see monetary policy as barely restrictive, if at all,’ Cleveland Fed leader Beth Hammack says
The central banker suggested she is skeptical the Fed can opt for further interest-rate cuts, given the persistence of inflation
Eurozone Retail Sales Edge Lower Despite Improving Sentiment
Retail sales unexpectedly inched lower in September, contrasting with some of the rosier sentiment among consumers in recent months. Source
Heard on the Street: New homes are sitting unsold, despite the discounted mortgages that builders are offering
New homes are sitting unsold, despite builders using sweeteners to shift inventory. Source link
The U.S. added 42,000 private-sector jobs in October, payroll-processing giant ADP, with trade, education and healthcare sectors driving gains
The modest job growth in ADP’s report offers some reassurance that the soft labor market isn’t worsening. Source link
The party goes on in New York City, if you have the cash
The city has thousands of millionaires and they keep spending, powering a burgeoning local economy that caters to the well-to-do.
Foreign Investment on Track for Third Year of Decline, UN Figures Show
Foreign direct investment fell 3% in the first six months of the year due to trade uncertainty, geopolitical tension and
Eurozone Inflation Slows, Leaving ECB in Its Good Place
The annual rate of inflation in the eurozone slowed in October to just above the European Central Bank’s target. Source