Tuesday, December 6, 2022
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The U.S. retirement system gets a ‘C+’ grade, experts say — even though it’s worth $39 trillion. Here’s why

[ad_1] Siriporn Wongmanee / Eyeem | Eyeem | Getty ImagesThe U.S. retirement system may seem flush — yet it ranks poorly in relation to those in other developed nations.Collectively, Americans had more than $39 trillion in wealth earmarked for old age at the end of 2021, according to the Investment

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Job worries? Here’s how China stacks up against the U.S. and other countries

[ad_1] Unemployment among China's youth aged between 16 and 24 has surged to nearly 20%, according to an official survey for July. Pictured here is a job fair in Beijing on Aug. 26, 2022.Jade Gao | Afp | Getty ImagesBEIJING — More people in China and Brazil are worried about

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From inflation to war, here are the 4 big factors impacting markets and the economy right now

[ad_1] Avalon_studio | E+ | Getty ImagesHUNTINGTON BEACH, Calif. — There are four big trends impacting the economy and stock market right now, and uncertainty around each is creating challenges for investors, market experts and investment strategists said Monday at the Future Proof wealth conference.Those high-levels trends are inflation, the

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These Chinese stocks can benefit if the metaverse takes off, JPMorgan says

[ad_1] Some parts of China have officially promoted metaverse development plans. Pictured here is a metaverse exhibition area at an annual services trade expo in Beijing on Sept. 1, 2022.China News Service | China News Service | Getty ImagesBEIJING — When it comes to futuristic concepts like the metaverse, JPMorgan

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You may qualify for over $10,000 in climate incentives from the Inflation Reduction Act. Here’s when you can claim them

[ad_1] Sebastian Rothe / Eyeem | Eyeem | Getty ImagesHouseholds may soon be able to claim thousands of dollars in tax breaks and rebates if they take steps to reduce their carbon footprint.But eco-friendly consumers must wait until 2023 — perhaps even 2024 or later — to see many of

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China’s electric car firms, which rely heavily on Nvidia, are safe from the U.S. chip ban — for now

[ad_1] Nvidia has found success in China by selling automotive chips to the country's electric car companies. But the U.S. semiconductor giant has been restricted from sending some products to China. So far, electric vehicle makers do not seem to be affected.Budrul Chukrut | Sopa Images | Lightrocket | Getty

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Stocks making the biggest moves midday: Bed Bath & Beyond, Express, Snap, Rocket Lab and more

[ad_1] Check out the companies making headlines in midday trading.Bed Bath & Beyond — Shares of the beleaguered retailer tumbled 19.8% after it outlined a strategic plan that only confirmed investor fears that the company will struggle to turn around its business. Bed Bath also filed to sell an undisclosed

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Stocks making the biggest moves midday: Netflix, Pinduoduo, Catalent, Bristol-Myers and more

[ad_1] The Netflix logo is seen on a TV remote controller, in this illustration taken January 20, 2022.Dado Ruvic | ReutersCheck out the companies making headlines in midday trading.Catalent Inc. – Shares of pharmaceutical company Catalent fell 8% after earnings that disappointed Wall Street. While Catalent beat expectations for earnings,

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Bitcoin drops below $20,000 to lowest level since mid-July as investors dump risk assets

[ad_1] Bankruptcy filings from Celsius and Voyager have raised questions about what happens to investors' crypto when a platform fails.Rafael Henrique | Sopa Images | Lightrocket | Getty ImagesBitcoin dropped below $20,000 on Monday as investors dumped risk assets after the Federal Reserve affirmed its commitment to an aggressive tightening path.The

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Beyond student loan forgiveness, here’s what the government can do to keep the rising household debt in check

[ad_1] On Aug. 24, President Biden announced the cancellation of $10,000 in federal student loan debt for most borrowers making less than $125,000 annually.But student loans account for less than 10% of household debt in America, which reached $16.15 trillion during the second quarter of 2022."We shouldn't be panicked about

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