After market spasm, Wall Street looks past Brexit
A week-long convulsion in US stocks induced by Britain's vote to leave the European Union has left some on Wall Street feeling a little bit better thanks to stronger expectations of prolonged low interest rates. The result of the June 23 referendum has ...>> view originalBiggest private coal producer warns of cutting 80 percent of workforce, head blames Obama policies
Murray Energy Corp., the largest privately held coal miner in the U.S., has warned that it may soon undertake one of the biggest layoffs in the sector during this time of low energy prices. In a notice sent to workers this week, Murray said it could lay off as many as 4,400 employees, or about 80% of its workforce, because of weak coal markets. The company said it anticipates “massive workforce reductions in September.” The law requires a 60-day waiting period before large layoffs occur. Layof..>> view originalDays of wine and groceries
Wine drinkers in Tennessee can now do their shopping in grocery stores, thanks to a new state law that took effect Friday.Before July 1, wine in Tennessee only could be sold at state-licensed liquor stores, the Chattanooga Times Free Press reported. It already is legal to sell wine in grocery stores in Georgia and 36 other states. Wine still can’t be sold on Sunday or on most holidays in Tennessee, including Independence Day.“This has been a long time coming, but it helps establish a level playi..>> view originalSocial Security Benefits Are Expected to Rise by This Much in 2017
Image source: Getty Images. As of April 2016, more than 60 million monthly recipients rely on Social Security to provide a financial foundation; approximately 40.5 million are retired workers. Of these retired workers, 9 out of 10 count on Social Security to some degree to help them meet their month-to-month expenses, with nearly 60% counting on Social Security benefits to comprise a major portion of their income. The long-term survival of Social Security is essential for today's retirees, as w..>> view originalCanal won't hurt prospects for Jordan Cove, backers say
Canal won’t hurt prospects for Jordan Cove, backers say By Gary Harmon Saturday, July 2, 2016 An expanded Panama Canal puts natural gas shipped from the Gulf of Mexico a few days closer to Pacific Rim markets, but not enough to compete with gas from northwest Colorado, backers of the Jordan Cove export terminal said. Opponents, though, fired back that the international market is shifting away from a terminal that would carry liquefied natural gas from the Piceance Basin to Oregon and then t..>> view original
Monday, July 4, 2016
After market spasm, Wall Street looks past Brexit and other top stories.
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