The Institute for Fiscal Studies is calling on Rachel Reeves to increase baseline pension contributions to 12pc – UK Parliament/Jessica TaylorOlder middle class earners should be made to contribute more to their pensions, Rachel Reeves has been told.The Institute for Fiscal Studies (IFS) has urged the Chancellor to increase minimum pension contributions in order to prevent a retirement crisis.Between 30pc to 40pc of private sector workers – five to seven million people – are currently heading for a disappointing income in retirement, according to its research.However, the influential think tank said only higher earners and those over the age of…
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The odds for a 50 basis points (bps) rate cut at the upcoming Federal Open Market Committee (FOMC) meeting were hovering around 50% following Friday’s market close, marking a sharp increase from earlier in the week when the probability was as low as ~12%. While a 50bps rate cut could provide a short-term boost to equities, strategists at BTIG expect the to reach new all-time highs above 5700 this week, irrespective of the decision. “A move to the top side of the rising trend channel would be ~5800, although we don’t think it gets that high before potentially some giveback…
Chef Niven Patel is taking his talents to South Beach.Along with business partner Mohamed Alkassar, the culinary force behind the Michelin Bib Gourmand Ghee Indian Kitchen in Kendall and the elegant Italian restaurant Erba in Coral Gables is opening a new restaurant in Sunset Harbour.Located in the former space of Joliet, a New Orleans-style seafood restaurant from Lost Boy & Co. that closed earlier this year, Paya is a celebration of island cuisine — specifically the Caribbean, Southeast Asia and the islands of Spain. Derived from the word “papaya,” the name evokes tropical flavors and the elements Patel and Alkassar…
The banks fizzled this past week, marking the lone swath of red — measured in terms of declining stock prices — in the latest weekly reading of the CE 100 Index’s performance. Yet, the overall performance was positive, as the index itself was 3.8% higher. iRobot shares gathered 21.3%, while the Live segment of the CE 100 Index advanced by 6.6%. In terms of corporate news, the company said that it granted equity awards as a material inducement to the employment of the company’s newly-hired President and Chief Operating Officer, Jeff Engel. Zillow shares surged 18%, also powering the Live…
Crystal Marousis Handchen’s dedication to coaching cheerleading was so strong that, into her 60s, she was still demonstrating backflips to kids.“I saw her teaching that to my grandkids on my front lawn one day and I said, ‘Are you out of your mind?’” said her sister, Karen Marousis.That kind of energy made Crystal something of a legend at Brick Memorial High School, where she guided the cheerleading program for nearly three decades. And it’s why, after her shocking death by a stroke at age 63 in 2021, the community continues to honor her.Shore Conference football: Brick Memorial’s offense rolls over…
On a quiet street corner in Berlin’s Mitte district, a bronze statue of a young girl in a traditional Korean dress glitters in the sun.Her fists are clenched, her expression tense. She is seated but her heels do not touch the ground. A shadow of an elderly woman is carved into the granite below her. Beside her is an empty chair.To Germany’s Korean diaspora — 50,000 strong — the statue is a poignant tribute to the 200,000 so-called comfort women who were forced or tricked into sexual slavery by the Imperial Japanese military during World War II.But to the Japanese…
Commonwealth Equity Services LLC cut its stake in shares of Innovator U.S. Equity Accelerated 9 Buffer ETF – January (BATS:XBJA – Free Report) by 1.8% in the second quarter, Holdings Channel reports. The firm owned 48,724 shares of the company’s stock after selling 884 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Innovator U.S. Equity Accelerated 9 Buffer ETF – January were worth $1,348,000 at the end of the most recent quarter. Other institutional investors and hedge funds have also added to or reduced their stakes in the company. CreativeOne Wealth LLC bought a new stake in shares…
(Reuters) -Apollo Global Management has signed a $1 billion deal with British energy major BP to fund its stake in the Trans Adriatic natural gas pipeline, the companies said on Monday.The U.S.-based asset management company would become a non-controlling shareholder in BP’s unit that holds a 20% stake in Trans Adriatic Pipeline AG.Other shareholders, with 20% stake each, are Azerbaijan’s state energy company SOCAR, Italy’s Snam, Belgium-based Fluxys and Spain’s Enagas.The Trans Adriatic Pipeline (TAP) operates a natural gas transportation infrastructure from the Greek border with Turkey to Southern Italy.Trans Adriatic Pipeline AG is the final 880-kilometre leg of the…
Comedian Yuriyan Retriever chatted with writer Rio Hirai for Billboard Japan’s Women in Music interview series featuring female players in the Japanese entertainment industry. The WIM initiative in Japan launched in 2022 to celebrate artists, producers and executives who have made significant contributions to music and inspired other women through their work.A household name in her home country, Yuriyan is preparing to make a splash in the U.S. beginning this fall. Not only has the 33-year-old entertainer won numerous awards in the highly competitive and male-dominated world of comedy in Japan, she also acts (a lead role in the upcoming…
CINCINNATI — Joe Burrow played pretty well on Sunday, but fumbled away a crucial play that went for a touchdown against Kansas City. He called it one of the most frustrating losses of his career.Cincinnati fell 26-25 in a game where Burrow threw two touchdowns.”It was as frustrating as I’ve had,” Burrow said about the loss before saying he’d expand on that further when he’s had some time to review the game.All in all, he threw for 258 yards and 2 TDs on a 23-36 completion mark. He fed the tight ends all day, with Mike Gesicki pacing the team in…