Retirement savings: Labor Dept. on new rule for advisors

Business Insider
A 64-year-old 'peak boomer' worries his savings and Social Security won't be enough to retire: 'My biggest fear is finding myself at 75 standing at the door at Walmart.'
David Kirsch, 64, is hoping to live comfortably in retirement — but he isn't sure his savings and Social Security will cover his living expenses.
The Independent
Accounting firm used by Trump Media hit with ‘massive fraud’ charge
Fraud alleged to have impacted upwards of 500 public companies, according to Securities and Exchange Commission
Reuters
US stands to lose Canadian natural gas when LNG Canada terminal starts up
The start-up of LNG Canada, the country's first such export terminal, is likely to strain its natural gas supplies for multiple years and force producers to reduce exports to the U.S., where demand for the fuel is record high, companies said. Shell-led LNG Canada has begun testing its C$40-billion British Columbia terminal ahead of commercial operations starting in mid-2025. The terminal will process up to 2 billion cubic feet per day (bcfd), representing 11% of current Canadian gas output.
Financial Post
FP Answers: How will retiring early and working part time impact my CPP payments?
Couple planning to winter in Panama wants help deciding whether wife should start collecting at age 60
CNN Business
What went wrong at Red Lobster
Red Lobster, the poster child for American seafood, was dragged down by corporate mismanagement, competition and consumer shifts.
Yahoo Finance Canada
Galen Weston calls Loblaw boycott 'misguided criticism', says grocer not responsible for higher prices
"Their frustration is understandable, but this kind of expectation betrays a misunderstanding of what's actually driving food prices higher in this country."
Bloomberg
Trump Media’s Accounting Firm Accused of Fraud, Fined $14 Million
(Bloomberg) -- The Securities and Exchange Commission accused the auditor of Donald Trump’s social-media company of massive fraud affecting hundreds of companies and more than 1,500 regulatory filings.Most Read from BloombergEverything Apple Plans to Show at May 7 ‘Let Loose’ iPad EventSaudi Arabia Steps Up Arrests Of Those Attacking Israel OnlineApple Rallies Most in 18 Months on Upbeat Forecast, BuybackTrump Auditions VP Picks Before Wealthy Donors in Palm BeachG-7 Eyes Plan on US-Led $50 Bill
Associated Press Finance
Trump Media's newly hired auditing firm was just busted by the SEC for 'massive fraud'
The Securities and Exchange Commission on Friday charged an auditing firm hired by Trump Media and Technology Group just 37 days ago with “massive fraud” — though not for any work it performed for former President Donald Trump’s media company. The SEC charged the accounting firm BF Borgers and its owner, Benjamin F. Borgers, with “deliberate and systematic failures” in more than 1,500 audits. To settle the SEC charges, BF Borgers agreed to pay a $12 million fine while its owner agreed to pay a fine of $2 million, according to the SEC.
Bloomberg
World’s Most Important Oil Price Transformed by Adding US Crude
(Bloomberg) -- After years of skepticism, criticism and trader furore, the world’s most important oil price is working better than ever thanks to an infusion of crude from west Texas.Most Read from BloombergSaudi Arabia Steps Up Arrests Of Those Attacking Israel OnlineApple Rallies on Upbeat Forecast, Record-Setting BuybackTurkey Confirms All Trade Halt With Israel Over War in GazaHuawei Secretly Backs US Research, Awarding Millions in PrizesTrump Auditions VP Picks Before Wealthy Donors in Palm
SmartAsset
The Last 5 Years Before You Retire Are Critical: Everything You Should Do Before Time Runs Out
Retirement can seem like a faraway goal until all of a sudden, it's not. When you only have a few years left until you retire, the financial decisions you make take on a new importance. Once you're inside the five-year window, that's a good time to review your plan to make sure you're on track. […] The post How to Master the Last 5 Years Before Retirement appeared first on SmartReads CMS - SmartAsset.
Fortune
Job candidates are getting ‘ghosted’ and ‘love bombed’: Here’s the ‘rot at the core of recruiting,’ according to a top careers site CEO
Even in a job market that ultimately favors applicants over firms, the hiring process remains a grueling ordeal.
GOBankingRates
Warren Buffett, Suze Orman and Other Experts on How To Set Yourself Up for Retirement
Depending on which stage you're at in life, you may either be thinking very carefully about retirement or not worrying much about it at all. The financial experts, however, warn that you always should...
Financial Post
Posthaste: Over half of Canadians would pay more to support small grocers
58% would choose to pay more for items and services to support a small business
Fortune
The ‘father of the 401(k)’ talks about the death of pensions, the future of retirement, and what disturbs him most about his own creation
Retirement legend Ted Benna says the savings model isn’t for everyone, but he would do it all over again.
GOBankingRates
Cutting Expenses Pre-Retirement: Tips To Get in the Habit of Spending Less
Your finances must adjust to your circumstances many times during your life, but shifting from your working years to your retirement years may bring about the most dramatic change. After all, you go...
GOBankingRates
How Much Is Your Paycheck Working as a Trader Joe’s Employee?
Despite not offering nearly as many products as traditional grocery stores, Trader Joe's has some of the most devout shoppers in the U.S. The chain is also an outstanding employer. Aldi vs. Trader...
Business Insider
Trump Media stock tumbles as the SEC charges its auditor with 'massive fraud'
Trump Media's auditor was a "sham" and committed "massive fraud" for over two years, regulators said.
Reuters
Canadian miner Hudbay sees BHP's bid for Anglo boosting copper assets
The CEO of Canadian miner Hudbay Minerals said BHP Group's $39 billion offer for Anglo American has increased the valuation of copper assets and could underscore companies' willingness to pay a premium to buy existing copper mines. Hudbay expects to launch a formal sale process for a minority stake in its Arizona Copper World project in the United States later this year after already holding talks with companies. BHP offered to buy Anglo last week, though Anglo rejected the proposal that would create the world's biggest copper miner, saying it undervalues the company.
Bloomberg
Buffett Devotees Head to Omaha for First Meeting Without Munger
(Bloomberg) -- When Berkshire Hathaway Inc. devotees gather in Omaha on Saturday for its annual meeting, there will be a noticeable void on stage.Most Read from BloombergUS and Saudis Near Defense Pact Meant to Reshape Middle EastSaudi Arabia Steps Up Arrests Of Those Attacking Israel OnlineBiden Calls Ally Japan ‘Xenophobic’ Along With China, RussiaHuawei Secretly Backs US Research, Awarding Millions in PrizesTurkey Halts All Trade With Israel Over War in GazaThe meeting is Berkshire’s first si
Reuters
Analysis-Warren Buffett's PacifiCorp utility singed by wildfires
Two years ago, Warren Buffett branded Berkshire Hathaway's energy business one of his conglomerate's four "giants." Berkshire Hathaway Energy's PacifiCorp unit faces billions of dollars in potential liabilities from wildfires that have scorched hundreds of thousands of acres in southern Oregon and northern California. "I did not anticipate or even consider the adverse developments in regulatory returns," Buffett wrote in his annual shareholder letter in February.

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Retirement savings: Labor Dept. on new rule for advisors

Latest Stories

A 64-year-old 'peak boomer' worries his savings and Social Security won't be enough to retire: 'My biggest fear is finding myself at 75 standing at the door at Walmart.'

Accounting firm used by Trump Media hit with ‘massive fraud’ charge

US stands to lose Canadian natural gas when LNG Canada terminal starts up

FP Answers: How will retiring early and working part time impact my CPP payments?

What went wrong at Red Lobster

Galen Weston calls Loblaw boycott 'misguided criticism', says grocer not responsible for higher prices

Trump Media’s Accounting Firm Accused of Fraud, Fined $14 Million

Trump Media's newly hired auditing firm was just busted by the SEC for 'massive fraud'

World’s Most Important Oil Price Transformed by Adding US Crude

The Last 5 Years Before You Retire Are Critical: Everything You Should Do Before Time Runs Out

Job candidates are getting ‘ghosted’ and ‘love bombed’: Here’s the ‘rot at the core of recruiting,’ according to a top careers site CEO

Warren Buffett, Suze Orman and Other Experts on How To Set Yourself Up for Retirement

Posthaste: Over half of Canadians would pay more to support small grocers

The ‘father of the 401(k)’ talks about the death of pensions, the future of retirement, and what disturbs him most about his own creation

Cutting Expenses Pre-Retirement: Tips To Get in the Habit of Spending Less

How Much Is Your Paycheck Working as a Trader Joe’s Employee?

Trump Media stock tumbles as the SEC charges its auditor with 'massive fraud'

Canadian miner Hudbay sees BHP's bid for Anglo boosting copper assets

Buffett Devotees Head to Omaha for First Meeting Without Munger

Analysis-Warren Buffett's PacifiCorp utility singed by wildfires