Month: December 2019

Waiting to Take Your Retirement Money

Here’s an odd retirement trend: Millions of workers who contribute to a 401(k) plan do so in order to have money when they retire. But when they do retire, in increasing numbers, they are’t touching those accounts – at least not right away. More than half of workers — 55 percent — are choosing to […]

November’s Jobs Report

Some strong news for the economy out today: The government reported this morning that the economy added 266,000 jobs in November. The unemployment rate ticked back down to 3.5 percent, matching a low from earlier this year that at the time was the lowest since 1969. The U.S. economy has now added an average of […]

Waiting for the Earnings Rebound

Two months into the fourth quarter, analysts have shaved 4 percent off their earnings estimates to $41.12 a share. That’s a drop of almost 1 percent compared with a year ago, following a 1.3 percent decline last quarter. It’s common for earnings expectations to drop as a period progresses, but the current pace has been […]

Manufacturing Slump Continues

Tough news for the economy: Manufacturing activity continued to lag in November with a decline in inventories and new orders, according to the latest ISM Manufacturing reading. The November reading came in at 48.1, down slightly from the previous month’s reading of 48.3. The number denotes the percentage of manufacturers planning to expand operations. A […]