Here are the key retirement provisions in the $3.5 trillion reconciliation bill

Inside the Democrats’ forthcoming package of proposed social spending is a host of significant changes to how Americans might save for retirement in the years and decades ahead. The provisions – if enacted – would be one of the most impactful changes to the private retirement system since the SECURE Act was passed in 2019. Susan Neely, president and CEO of American Council of Life Insurers, supports the proposals and told Yahoo Finance that “the punchline is it will be a huge leap… Source link

Read More »

Delta variant will make iPhone sales ‘challenging’

The unpredictable Delta variant appears to be wreaking havoc on the financial modeling skills of the team covering Apple (AAPL) at Goldman Sachs.  “We believe growth in iPhone revenue in calendar fourth quarter will be challenging for Apple but we continue to flag a low level of confidence in our ability to predict demand given the complex interplay of issues like the Delta variant, supply shortages, the end of stimulus and high consumer savings,” conceded Goldman Sachs analyst Rod Hall in a… Source link

Read More »

When will Amazon stock skyrocket again?

Amazon’s stock (AMZN) has been stuck in the penalty box for most of 2021 as investors see what new CEO Andy Jassy has up his sleeves and the company’s growth slows after a big 2020 as people shopped more online at the height of the pandemic.  Veteran tech analyst Mark Mahaney of EvercoreISI thinks Amazon’s stock has a ways to go before it begins a sustained upward ascent.  “Amazon’s stock is waiting for an unlock,” Mahaney said on Yahoo Finance Live. “Amazon is going into another investment… Source link

Read More »

‘Revolutionary’ new data shows average debt of recent graduates by degree

Amid a major student loan debt crisis in the U.S., a new report by the Texas Public Policy Foundation found that some degrees cost tens of thousands of dollars more than others.  The report — which uses new data released by the Department of Education (ED)’s College Scorecard to examine typical college debt by credential and program — contributes to a burgeoning trend of transparency that’s aimed at scrutinizing the cost of tuition generally. The analysis “is really quite revolutionary… Source link

Read More »

U.S. needs to do these 3 things to ensure majority of new cars are electric by 2030: Michigan congresswoman

Earlier this month, President Biden signed an executive order with a lofty goal: he wants over half of all vehicle sales to be electric vehicles by 2030. The CEOs of GM (GM), Ford (F), and Stellantis (STLA) attended the White House event and threw their support behind the measure, pledging to put billions of dollars into manufacturing EVs and to work with Democrats to have American workers produce them. “There’s no turning back. The question is will we lead or fall behind in the race for… Source link

Read More »

Wells Fargo picks Microsoft, Google as cloud service providers

A Wells Fargo logo is seen in New York City, U.S. January 10, 2017. REUTERS/Stephanie Keith Sept 15 (Reuters) – Wells Fargo & Co (WFC.N) said on Wednesday that it had picked Microsoft Corp (MSFT.O) and Alphabet Inc’s (GOOGL.O) Google as its public cloud providers, embracing a multi-cloud approach. While Microsoft’s Azure will serve as the bank’s primary cloud provider, Google Cloud will provide additional business-critical public cloud services. As part of its new digital infrastructure… Source link

Read More »

Low vaccination rates in some states are ‘absolutely bringing exposure into the classroom,’ doctor says

The school year is starting amid a surge in COVID-19 cases, particularly among children in states with the lowest vaccination rates, as the highly contagious Delta variant circulates in the U.S. “I have to believe it’s not coincidental that these high rates of exposure and COVID cases are linked to the lower vaccination rates in these communities,” Dr. Susannah Hills, pediatric airway surgeon and assistant professor of EMT at Columbia University Medical Center, said on Yahoo Finance… Source link

Read More »

Ex-Google exec describes 4 top dangers of artificial intelligence

California’s Senate last week advanced a bill that would force Amazon (AMZN) to reveal details behind the productivity-tracking algorithm used in its warehouses; meanwhile, Facebook (FB) this week faced criticism over a Wall Street Journal report finding it knows its Instagram feed makes some teenage girls feel worse about themselves. These developments make up a backlash not necessarily against big tech, so much as its algorithms, which use artificial intelligence (AI) to adapt performance… Source link

Read More »

Facebook and Google condemned over ads for ‘abortion pill reversal’ | Abortion

Facebook has served “abortion reversal” adverts 18.4m times since January 2020, according to a report from the Center for Countering Digital Hate (CCDH), promoting an “unproven, unethical” and “dangerous” procedure. Google shows the adverts on more than four-fifths of searches related to abortion across a number of US cities, according to the CCDH research, targeted at search terms such as “unwanted pregnancy” and “abortion pill”. The adverts promote an unproven theoretical… Source link

Read More »

The all-civilian SpaceX launch to orbit: What to know

The first all-civilian mission to orbit is expected to launch this evening via a SpaceX Falcon 9 rocket. Jared Isaacman, founder and CEO of the payments processing company Shift4 Payments (FOUR), paid for the mission, called Inspiration4.  Four people, none of whom are professional astronauts, will spend three days orbiting Earth on the Dragon spacecraft developed by Elon Musk’s SpaceX.  Besides going on the trip of a lifetime, the crew will have time to conduct experiments related to human… Source link

Read More »