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Department of Labor’s latest fiduciary rule could save investors $5 billion a year, but is it in savers’ best interests?
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Reclassifying Marijuana Could Unlock Billions in Tax Savings for Cannabis Companies
The proposed change could lift an income tax burden that wipes out most licensed marijuana retailers’ earnings.The Wall Street Journal - World -
Julie Su's Fiduciary Double Standard
The acting Labor chief wants pension funds to promote Big Labor.The Wall Street Journal - World -
U.S. labor market slows in April
The U.S. job market appears to have slowed last month. 175,000 jobs were added in April, falling short of expectations, while the unemployment rate came in at 3.9%. CBS News business analyst Jill Schlesinger has more.CBS News - Top stories -
Baltimore Bridge Replacement Price Tag Could Hit $1.9 Billion
Maryland estimates a new span over the harbor could cost $1.7 billion to $1.9 billion, and be finished by 2028.Inc. - Business -
SPDR Gold Shares Inch Lower Following Jobs Report
Gold prices edged lower, with April’s lower-than-expected jobs gains giving investors hope that the economy is finally cooling down.The Wall Street Journal - World -
Investors Were Burned by European Banks for Years---Until Now
After years in the doldrums, European banks have cleaned up their balance sheets. The result: Stock prices have surged.The Wall Street Journal - World -
How to ensure that Biden’s environmental and labor regulations survive
Even if courts were going to look favorably on some of the Biden regulations, there is a great deal that a potential second Trump administration could do to subvert the rules.The Hill - Politics - Joe Biden -
Immigrant workers are helping boost the U.S. labor market
The government predicts that the influx of immigrant workers will grow gross domestic product over the next decade by $7 trillion.CNBC - Business -
Rep. Good: Greene ‘not acting in the best interests of President Trump’
Rep. Bob Good (R-Va.) on Sunday railed against Rep. Marjorie Taylor Greene (R-Ga.) for continuing to push for a vote to oust Speaker Mike Johnson (R-La.) from his position, saying she is “not acting in the best interests of President Trump.” “I ...The Hill - Politics -
Pension savers warned of new tax-free lump sum cap
Withdrawals of more than £268,275 will be treated as taxable incomeFinancial Times - Business
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Former CEO Howard Schultz says Starbucks needs to overhaul its customer experience
A week after Starbucks Corp. reported disappointing quarterly earnings and a gloomy annual forecast, its former chief executive said the coffee chain needs to own up to its mistakes and work harder to deliver a better experience for its customers.MarketWatch - Business -
‘I was mentally and emotionally drained’: During my divorce, I made a hasty decision to take early retirement. Can I undo this?
“I was married to my ex-husband for 13 years. He left me for another woman. I was forced to sell our home.”MarketWatch - Business -
His daughter whispers, ‘Where are your paychecks?’ in his ear. My stepfather is in a nursing home with dementia. How can my mother and I protect him?
“My mother has a durable power of attorney for Sam’s healthcare and is his primary representative. No one has financial POA.”MarketWatch - Business -
My mother-in-law died. My husband, her executor, did not file a will or open probate. What happens if we sell the house?
“The home was willed to her son with the provision that he paid his sisters a percentage of the home’s value.”MarketWatch - Business -
‘He’s holding all the cards’: My mother, 86, has dementia. Her partner of 30 years is on the deed to her home. How can I gain control of her finances?
“I asked to be put on the deed to my mother’s home and I was met with a swift ‘no’ from her partner. He said that since he had paid off the mortgage, the house is his.”MarketWatch - Business