Stock buybacks, the economy and your retirement: Setting the record straight

Marco Rubio looks to limit stock buybacks with new proposal Clearstead advisors senior managing director Jim Awad and Belpointe chief strategist David Nelson on Sen. Marco Rubio’s (R-Fla.) plan to limit stock buybacks. Lawmakers on both sides of the aisle have recently criticized stock buybacks, including Sen. Chuck Schumer, D-N.Y., and Sen. Bernie Sanders, I-Vt., in a New York Times […]

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Factories to test world's 'delicate equilibrium'

LONDON (Reuters) – The world economy is caught in a “delicate equilibrium” between stabilization and a further downturn, according to Bank of England Governor Mark Carney, and that balance could look even shakier over the next few days. Early measures of factory activity from Asia, Europe and the United States – which typically give signals of momentum in the overall […]

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Retail sales sink 1.2% in December in the worst plunge in nine years

The numbers: Sales at U.S. retailers fizzled in December and posted the biggest decline in nine years, according to a long-delayed government report. Retail sales sank 1.2% in December, the U.S. Census Bureau said Thursday. It’s the largest drop since September 2009, a few months after the end of the Great Recession. Economists polled by MarketWatch expected sales to be […]

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U.S. retail sales post biggest drop in nine years in December

WASHINGTON, Feb 14 (Reuters) – U.S. retail sales recorded their biggest drop in more than nine years in December as receipts fell across the board, suggesting a sharp slowdown in economic activity at the end of 2018. The Commerce Department said on Thursday retail sales tumbled 1.2 percent, the largest decline since September 2009 when the economy was emerging from […]

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Working Americans reap benefits of tepid inflation and rising wages

Falling inflation and fatter paychecks are giving boost to American workers and their families. The increase in real or inflation-adjusted wages climbed to a yearly rate of 1.7% in January, marking the biggest gain since the middle of 2016. It’s even better for rank-and-file workers — that is, everyone but the bosses. Their inflation-adjusted pay has climbed 2.1% in the […]

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