Gas prices at the pump should rise for east coast drivers, after a massive explosion Friday affected operations at a Philadelphia refining complex responsible for as much as 27% of east coast fuel production But how much prices jump depends on the extent of damage and the length of the outage. For now, analysts are
Hero Images | Getty Images Brits under the age of 30 are spending less for “fun” than they did in 2001, according to researchers. A report published Thursday Resolution Foundation, a U.K.-based think tank, found that young adults’ real-terms spending on non-essentials dropped by 7% between 2001 and 2018. Meanwhile, 50 to 64-year-olds’ leisure spending
Companies are having a much harder time during the ongoing U.S.-China trade war than the stock market shows, CNBC’s Jim Cramer said Friday. “The real world is much worse than the stock market indicates,” Cramer said on “Squawk Box. “ Out of the dozens of company executives he’s spoken with, the “Mad Money ” host
When a bill to improve Americans’ retirement security sailed through the House of Representatives last month, it looked like the country was on the brink of the first major retirement reform since 2006. Then the bill went to the Senate. Weeks later, it still has not come up for a vote. Known as the Secure
Retirement plans have changed. Pensions and Social Security are no longer the only pillars of a sound retirement as new investment options become available. As time goes on, companies, employees and potential retirees have different options that have changed the retirement game. These plans are now individual issues; future retirees will likely need to rely
Rays could split home games between Tampa and Montreal under MLB plan (AP Photo/John Raoux) ASSOCIATED PRESS Earlier this afternoon, ESPN’s Jeff Passan broke the news that the Tampa Bay Rays could become a two-city team, playing the early portion of their season in Tampa and migrating north to Montreal for the hot months. Under
Mexican investors are eyeing homes in Coral Gables amid uncertainty under new president, realtors say. (Photo by Roberto Machado Noa/LightRocket via Getty Images) LightRocket via Getty Images The South Florida real estate market could experience a boost in Mexican investors should the country’s president, leftist Andrés Manuel López Obrador, put the nation on a socialist
European stocks are set to open slightly lower Friday morning, amid intensifying fears of a military confrontation in the Middle East. The FTSE 100 is seen 22 points lower at 7,402, the CAC is expected to open down around 21 points at 5,514, while the DAX is poised to start 63 points lower at 12,292,
A post-mortem by British lawmakers and regulators into the suspension of the U.K.’s best known stockpicker’s flagship fund could expose some systemic flaws in the fund industry, analysts have suggested. Conservative Member of Parliament (MP) Nicky Morgan, chair of the Treasury Committee, last week wrote to the CEO of Britain’s most influential investment platform, FTSE
In some key ways, the Donald Trump economy, on fire last year but slowing this year, is starting to resemble the one he inherited from his predecessor . There are the rock-bottom bond yields, plodding economic growth and, not to be understated, the Federal Reserve seemingly pulling all the strings, a role that was only