A rule meant to protect retirement savers is in effect for now, despite GOP efforts to kill it
Sen. Elizabeth Warren (D-Mass.) applauds as then-President Barack Obama gives the thumbs up as he arrives to speak at the AARP headquarters in Washington on Feb. 23, 2015, to announce the proposal of the fiduciary rule. (Jacquelyn Martin/AP) A rule meant to make it easier for retirement savers to trust their financial advisers began its long-awaited roll out on Friday. But investors may not want to let their guard down just yet. Implementation of the retirement rule, which requires brokers w..>> view originalNowhere in America can full-time minimum wage worker afford to rent two-bedroom apartment.
There is nowhere in this country where someone working a full-time minimum wage job could afford to rent a two-bedroom apartment, according to an annual report released Thursday documenting the gap between wages and the cost of rental housing.Downsizing to a one-bedroom will only get you so far on minimum wage. Such housing is affordable in only 12 counties located in Arizona, Oregon and Washington states, according to the report by the National Low Income Housing Coalition.You would have to ea..>> view originalThe Energy 202: What the Dodd-Frank rollback could mean for energy companies
THE LIGHTBULB House Speaker Paul D. Ryan (R-Wis.) during a press conference where he delivered remarks on the Financial Choice Act. (EPA/SHAWN THEW) While everyone was watching James B. Comey's testimony in the Senate on Thursday, the other side of the Capitol was more quietly (but also consequentially) passing a piece of legislation that would have far-reaching financial implications if it becomes law. The bill is called the Financial Choice Act, and it passed the GOP-led House in a 233-to-..>> view originalBlackRock urges Exxon to disclose more about climate change-related risks
The world's largest asset manager BlackRock Inc (BLK.N) on Friday urged Exxon Mobil Corp (XOM.N) to "enhance its disclosures" regarding risks related to climate change.Less than two weeks ago, shareholders approved a measure calling for increased transparency on climate change, a resolution supported by BlackRock and other large institutional funds. BlackRock also said it requested to meet Exxon's independent directors over the past two years. However, the world's largest publicly traded oil c..>> view original174K pounds of beef recalled for undeclared milk
174K pounds of beef recalled for undeclared milk KVUE 7:16 AM. EDT June 09, 2017 File photo (Photo: Thinkstock) WASHINGTON - Maid-Rite Specialty Foods has recalled approximately 174,000 pounds of their beef products because of misbranding and undeclared allergens.According to a recall notice on the U.S. Department of Agriculture Food Safety and Inspection Service (FSIS) website, the recalled products contain milk and that milk is not listed on the labels. The raw an..>> view originalWorld's largest cruise ship, Symphony of the Seas, takes to water for first time
464 8 Share This Story!Let friends in your social network know what you are reading aboutWorld's largest cruise ship, Symphony of the Seas, takes to water for first timeThe world's largest cruise ship, Royal Caribbean's Symphony of the Seas, took to the water for the first time on Friday at a shipyard in France.Sent!A link has been sent to your friend's email address.Posted!A link has been p..>> view originalTown That Helped Power Northwest Feels Left Behind In Shift Away From Coal
The Colstrip Generating Station near Colstrip, Mont., is the second-largest coal-fired power plant in the West. Two of its four units are scheduled to close by 2022, if not sooner. Nathan Rott/NPR hide caption toggle caption Nathan Rott/NPR The Colstrip Generating Station near Colstrip, Mont., is the second-largest coal-fired..>> view originalBerkshire Hathaway in 3 Charts
Berkshire Hathaway (NYSE:BRK-A) (NYSE:BRK-B) is one of the world's most successful companies. Over the last 52 years -- during which Warren Buffett has been chairman and CEO -- it compounded its investors' wealth at a remarkable rate, turning an original $1,000 investment into nearly $20 million for its earliest investors. The three charts below explain how Berkshire grew to become as large as it is today, and why the future is likely to yield lower returns for the company's investors going for..>> view originalApple, Facebook and other big tech stocks tank, weigh on Wall Street
The analysts said that momentum and growth as market factors are elevated and the tech names are appealing because investors may be looking for opportunities that are not dependent on policy changes in Washington. UBS also commented on the FAAMG group of big tech stocks Friday. Julian Emanuel, equity and derivatives analyst, still likes tech but says they could be vulnerable in the near term as investors rotate to other groups. "That could be a short-term headwind given the outperformance. But ..>> view originalToshiba to pay $3.7 billion to keep building US reactors
TOKYO Toshiba Corp (6502.T) will contribute $3.68 billion to continue building two nuclear reactors in the U.S. state of Georgia, enabling the completion of a plant project begun by the Japanese conglomerate's now-bankrupt nuclear unit.Toshiba said in a statement on Saturday it had reached an agreement with Georgia Power, a subsidiary of energy provider Southern Co. (SO.N), to begin payments from October through January 2021 to compete the Vogtle plant. The move comes after Georgia Power took ..>> view original
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