The cost to U.S. and European companies to relocate production from China could reach $ 1 trillion over five years, according to new research from Bank of America. The survey of the bank’s global analysts found that companies in more than 80% of the global sectors experienced supply chain disruptions …
Read More »Get ready to see how much you have actually saved for retirement
Americans with 401 (k) plans may think they have saved a lot for retirement, but a new government rule will show them exactly how much money they will see in their old age. The Department of Labor has published its interim final rule whereby managers have plans for defined contributions, …
Read More »Fund managers are more optimistic about stocks than at any time since the pandemic began
CureVac AG Chief Executive Dr. Franz-Werner Haas is displayed on the facade of the NasdaqMarketSite in Times Square, sounding almost like the closing bell, marking the list of the Aug. 14. United Press Fund managers are the most bullshit they have been since the pandemic, according to the latest Bank …
Read More »European stocks stiffened at noon over recovery cases with virus cases on the rise
Customers wear face masks when they shop at a shopping mall in Velizy, outside Paris, on July 20, 2020. Face masks are now required in supermarkets in France, shopping malls, banks, shops, and indoor markets, to limit the spread of coronavirus. Christophe Ena / Associated Press European stocks traded stable …
Read More »ICE borrows $ 6.5 billion to expand its footprint of the mortgage sector
A house for sale in Pittsburgh United Press Intercontinental Exchange Inc., the owner of the New York Stock Exchange, left $ 6.5 billion in corporate branding Monday to help expand its footprint in the U.S. mortgage sector. That’s more than half of the $ 11 billion that ICE ICE, + …
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