Tuesday, 1 Oct 2024

27 Ugly Truths About Retirement

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US state bans transgender women from taking part in competitive sports



Biden to sign $1.9 trillion Covid relief package Thursday afternoon

President Joe Biden will sign the $1.9 trillion coronavirus relief package Thursday afternoon as Washington moves to send fresh aid this month.

He had planned to sign the bill, his first priority as president, on Friday. Biden also will give a primetime address Thursday describing how the country will proceed in fighting the virus a year after the World Health Organization declared it a pandemic.

The plan will send direct payments of up to $1,400 to most Americans, extend a $300 per week unemployment insurance boost until Sept. 6 and expand the child tax credit for a year. It will also put nearly $20 billion into Covid-19 vaccinations, $25 billion into rental and utility assistance and $350 billion into state, local and tribal relief.

Biden has said he expects stimulus checks to go out this month.

This is breaking news. Please check back for updates.

Boy winces in agony after teacher spills liquid nitrogen on his privates


Thirty-Year Bond Auction Attracts Slightly Below Average Demand

Finishing off this week’s series of announcements of the results of its long-term securities auctions, the Treasury Department revealed Thursday that its auction of $24 billion worth of thirty-year bonds attracted slightly below average demand.

The thirty-year bond auction drew a high yield of 2.295 percent and a bid-to-cover ratio of 2.28.

Last month, the Treasury sold $27 billion worth of thirty-year bonds, drawing a high yield of 1.933 percent and a bid-to-cover ratio of 2.18.

The bid-to-cover ratio is a measure of demand that indicates the amount of bids for each dollar worth of securities being sold.

The ten previous thirty-year bond auctions had an average bid-to-cover ratio of 2.33.

Earlier this week, the Treasury revealed its auction of $58 billion worth of three-year notes attracted well above average demand, while its auction of $38 billion worth of ten-year notes attracted roughly average demand.

The Treasury announced earlier on Thursday that its plans to sell $24 billion worth of twenty-year bonds this month, with the results of the auction due to be announced next Tuesday.

European Economics Preview: Germany Factory Orders Data Due

Factory orders data from Germany is due on Friday, headlining a light day for the European economic news.

At 2.00 am ET, Destatis is slated to issue Germany’s factory orders data for January. Economists forecast orders to grow 0.7 percent on month, reversing a 1.9 percent fall in December.

In the meantime, unemployment data is due from Norway.

At 2.45 am ET, France’s current account and foreign trade figures are due for January.

At 3.00 am ET, industrial production from Hungary and revised GDP data from Austria are due.

Half an hour later, UK Halifax house price data is due. Economists forecast house prices to climb 0.3 percent on month in February, reversing the 0.3 percent fall in January.

At 4.00 am ET, Italy’s Istat releases retail sales figures for January. Sales had increased 2.5 percent on month in December.

WarnerMedia Sets Time Frame For Employees To Return

EXCLUSIVE: Deadline has learned that WarnerMedia employees have been notified that a slow return is being eyed for their offices during early September as Covid cases quell and vaccinations increase.

It’s our understanding that it was a WarnerMedia wide email, sent by Studios and Network Group Chairman Ann Sarnoff, and that the note was largely intended for the Burbank, CA lot employees. Since WarnerMedia owns the Burbank lot, versus their offices in New York City, the entertainment conglomerate has more control over how employees can return there.

The email also specified that the planned September return is based on health regulations, and is subject to change.

Several entertainment companies and talent agencies have been working remotely from home since the U.S. Covid outbreak in mid-March.

WarnerMedia’s news today is a great sign that we’re finally on the mend.

 

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27 Ugly Truths About Retirement

From dealing with unexpected medical costs to supporting adult children, Americans often find themselves facing expenses they weren’t anticipating in their golden years. Plus, it’s harder to save for retirement today than it was 50 years ago.

Over 30% of Americans plan to continue working after they retire, according to a 2019 survey by TD Ameritrade. If you’re not sure how long you’ll need to work or what to expect when you retire, find out the hard truths so you can figure out when you should retire.

GoBankingRates is a 24/7 Wall St. content partner offering articles that help readers learn about money and better manage their finances. Its content is produced independently of 24/7 Wall St.

Click here to see 27 ugly truths about retirement.

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