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CPP Payment Date Set for October 2024
The Canada Pension Plan (CPP) provides monthly retirement income to seniors in Canada. As of October 2024, the monthly amount has been confirmed to be $1,364. This increase has been a topic of discussion, and many retirees have been wondering about the eligibility and payment details. The payment for the $1,364 CPP for October 2024 […] The post CPP Payment Date Set for October 2024 appeared first on DailyNewsMissouri.
Dow Soars 410 Points on Fed Minutes
The Dow Jones Industrial Average surged more than 400 points on Wednesday after the release of the Federal Reserve’s meeting minutes. The minutes showed that Fed officials agreed to a half-point rate cut, the first reduction in over four years, despite being divided on the economic outlook and uncertain about how aggressive to be. In […] The post Dow Soars 410 Points on Fed Minutes appeared first on DailyNewsMissouri.
Seven & i Announces Restructuring Amid Takeover Bid
The M&A action in the convenience store / fuel retail space is wild – Circle K parent company wanting to buy 7-11 parent company for $47B! https://t.co/mi391nzCl1 — Branden Flasch (@brandenflasch) October 10, 2024 Seven & i Holdings announced on Thursday a roadmap to hive off underperforming businesses and focus on its convenience store operations, […] The post Seven & i Announces Restructuring Amid Takeover Bid appeared first on DailyNewsMissouri.
Americans Express Concerns About Retirement Savings
Americans are worried they will not achieve their retirement savings goals. A 2024 survey by Charles Schwab revealed that only 40% of baby boomers and Generation X respondents felt “very likely” to achieve their retirement goals. In contrast, millennials and Generation Z were more optimistic, at 48% and 50%, respectively. Inflation and market volatility are […] The post Americans Express Concerns About Retirement Savings appeared first on DailyNewsMissouri.
Microsoft Investors Anticipate Earnings Amid Downgrade
Microsoft shares gained nearly 1% on Tuesday despite a downgrade from Oppenheimer. Analyst Timothy Horan lowered his rating on Microsoft stock to perform, or neutral, from outperform. He cited concerns about consensus estimates for revenue and earnings per share being too high for the recently completed quarter. “Enterprises have been slow to adopt AI and […] The post Microsoft Investors Anticipate Earnings Amid Downgrade appeared first on DailyNewsMissouri.
Credibility of Missouri Experts Under Scrutiny
The credibility of the state’s expert witnesses became a focal point in Missouri’s defense of a law prohibiting minors from receiving puberty blockers and cross-sex hormones. The trial in Cole County Circuit Court could heavily depend on these experts, including some with retracted studies and questionable theories. Wright County Circuit Court Judge Craig Carter, presiding […] The post Credibility of Missouri Experts Under Scrutiny appeared first on DailyNewsMissouri.
Columbia Restaurant Owner Faces New Felonies
A Columbia woman charged with using multiple aliases to accuse restaurant competitors of criminal activity also used fake names for testimony to a Missouri House committee alleging a conspiracy to obtain liquor licenses for undocumented immigrants. Crystal Umfress, owner of Casa Maria’s Mexican Cantina, was already facing trial in a Dunklin County arson-for-hire scheme when […] The post Columbia Restaurant Owner Faces New Felonies appeared first on DailyNewsMissouri.
Americans Facing Dire Retirement Financial Challenges
The savings dilemma is a growing concern for many Americans as they face economic challenges that are shaping their retirement prospects. A recent report highlights that 57% of Americans fear they will not retire comfortably due to financial stresses such as inflation, high interest rates, or struggles in the job market. However, younger generations seem […] The post Americans Facing Dire Retirement Financial Challenges appeared first on DailyNewsMissouri.
Bermuda Pension Providers Caution Against Withdrawals
Pension providers are urging caution over decisions to withdraw funds for home purchases, as the move could have significant implications for retirement savings. Legislation has recently been passed in Bermuda’s House of Assembly and Senate allowing individuals aged 18 to 45 to withdraw up to 30% of their retirement funds, while those aged 46 to […] The post Bermuda Pension Providers Caution Against Withdrawals appeared first on DailyNewsMissouri.
Eurozone Inflation Falls Below ECB Target
Inflation in the eurozone fell below the European Central Bank’s target in September for the first time in over three years, setting the stage for quicker interest rate cuts. The average inflation rate across the eurozone dropped to 1.8% in September, a decrease from 2.2% in August, based on data released on Tuesday. The region’s […] The post Eurozone Inflation Falls Below ECB Target appeared first on DailyNewsMissouri.
Few Seniors Compare Medicare Plans Annually
Medicare beneficiaries will soon have the opportunity to review their coverage options during the annual open enrollment period from October 15 to December 7. However, a new analysis from KFF reveals that the majority of seniors, approximately 69%, did not compare their current coverage with other Medicare plans during the previous enrollment period for 2022 […] The post Few Seniors Compare Medicare Plans Annually appeared first on DailyNewsMissouri.
FBI Arrests Afghan in Election Day Plot
The FBI has arrested an Afghan citizen in Oklahoma City on charges of plotting a suicide attack on Election Day. Nasir Ahmad Tawhedi, 27, planned to inflict mass casualties on behalf of the Islamic State. The criminal complaint reveals that Tawhedi liquidated his family’s financial assets to raise cash for resettling his relatives in Kabul. […] The post FBI Arrests Afghan in Election Day Plot appeared first on DailyNewsMissouri.
Understanding CPP Benefits at Ages 60 and 65
The Canada Pension Plan (CPP) is a cornerstone of retirement planning for many Canadians. Understanding what benefits one can expect at different retirement ages helps set realistic financial expectations. The standard age for receiving CPP benefits is 65. However, eligible individuals have the flexibility to start receiving payments as early as age 60 at a […] The post Understanding CPP Benefits at Ages 60 and 65 appeared first on DailyNewsMissouri.
US Fed Meeting Minutes Boost Futures
U.S. stock index futures rose on Tuesday, bouncing back from a selloff in the previous session. Investors turned their focus to key inflation data and third-quarter earnings later this week for fresh insights into the Federal Reserve’s interest rate path. All three major indexes closed down around 1% on Monday. A jump in Treasury yields, […] The post US Fed Meeting Minutes Boost Futures appeared first on DailyNewsMissouri.
Russia and China Target US Elections
Russia and China are targeting congressional races across the United States as part of their efforts to interfere with American democracy in this election year. Intelligence officials issued a warning on Monday about these influence operations. The Office of the Director of National Intelligence said that both countries have focused on races where they believe […] The post Russia and China Target US Elections appeared first on DailyNewsMissouri.
Higher CPP Benefits and TFSA Strategies
The Canada Pension Plan (CPP) is a key part of retirement planning for Canadians. In 2024, those who retire at age 65 can expect a maximum CPP payment of $1,364.60 per month. However, the average payment is much lower at $831.92 per month, or $9,983.04 per year. CPP is designed to replace only about 25% […] The post Higher CPP Benefits and TFSA Strategies appeared first on DailyNewsMissouri.
Google Announces 2025 Accelerator for Black SA Startups
Google has announced an exciting opportunity for Black-led South African startups to apply for the 2025 cohort of its accelerator program. The program is designed to support Seed to Series A tech startups that are building innovative solutions for Africa. The three-month hybrid accelerator offers a range of benefits to selected startups. These include up […] The post Google Announces 2025 Accelerator for Black SA Startups appeared first on DailyNewsMissouri.
Euro Zone Inflation Falls Below Target
Euro zone inflation fell to 1.8% in September, coming in below the European Central Bank’s 2% target. The core inflation rate, which excludes more volatile energy, food, alcohol, and tobacco prices, came in at 2.7%, slightly below forecasts and down from the 2.8% recorded in August. Services inflation in the euro zone also eased to […] The post Euro Zone Inflation Falls Below Target appeared first on DailyNewsMissouri.
Social Security Benefits Set to Rise
Social Security benefits are set to rise in 2025, providing some relief to retirees and other beneficiaries. The Social Security Administration (SSA) is expected to announce a cost of living adjustment (COLA) increase of around 2.5% for next year. The COLA is calculated based on the Consumer Price Index for Urban Wage Earners and Clerical […] The post Social Security Benefits Set to Rise appeared first on DailyNewsMissouri.
UK Business Confidence Declines Amid Tax Worries
Business confidence in the UK has seen a decline as companies worry about potential tax increases in the upcoming budget, according to a report from the British Chambers of Commerce (BCC). A recent survey shows that companies across the nation are concerned about the financial impact of potential tax hikes. Business owners are uncertain and […] The post UK Business Confidence Declines Amid Tax Worries appeared first on DailyNewsMissouri.
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