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 »Euro’s two-year high pushes ECB to buy more bonds
The European currency traded at $ 1.19 on Tuesday EURUSD, + 0.53%, about 7% up since the beginning of the year and more than 11% since March 20, round the time lockdowns were implemented across the continent. The European currency is now at its highest level since May 2018, and …
Read More »UK scrap exam grading system that surprises students, parents
LONDON – In a U-turn after days of criticism, the British government on Monday scrapped an exam grading policy that was introduced to deprive thousands of graduates of secondary school – especially minor disadvantages – from places at universities. Roger Taylor, chairman of UK Exam regulator Ofqual, said the use …
Read More »The impact of ‘Fortnite’ could be epic on Big Tech’s anti-trust investigations
While lawmakers and privacy advocates continue to push for anti-trust integration from four of tech’s biggest companies, some big names in video gaming could speed things up. This is one of the initial conclusions of legal experts and developers following the lawsuit filed by Epic Games Inc. against Apple Inc. …
Read More »Here’s a tip for pandemics: Buy on the rumor of a COVID-19 vaccine, sell on the news
The stock market may fall if a COVID-19 vaccine receives formal FDA approval. I know I’m advancing myself because it does not guarantee that an effective vaccine will ever be produced. But with eight faxes now in Phase III studies, and with Russia claiming bragging rights by being the first …
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