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☆ Exclusive: Canada oil sands carbon capture project struggles to get key contract
▼ + stars: | 2023-09-05 | by ( Steve Scherer | ) www.reuters.com time to read: +4 min

The mechanism gives investors in CCS certainty about their future revenue by setting a minimum price for their carbon credits. Oil companies in the country's highest-emitting sector are counting on CCS to help dramatically cut emissions while continuing to pump oil and gas. Carbon credits represent reduced or avoided carbon emissions, and companies use them to mitigate greenhouse gases they generate. The government has told Pathways that the Growth Fund may not be equipped to handle some projects, said the Pathways representative who asked not to be named. Canada set up the Growth Fund last year, which is run through the Public Sector Pension Investment Board, a federal Crown corporation.

Persons: Suncor, Todd Korol, Justin Trudeau, Jessica Eritou, Adam Auer, Steve Scherer, Denny Thomas, Josie Kao Organizations: Rights, Pathways Alliance, Reuters, Finance Ministry, U.S, Alliance CCS, Canadian Natural Resources, Suncor Energy, Cenovus Energy, ConocoPhillips, MEG Energy, Public Sector Pension Investment Board, Crown, Cement Association of Canada, Thomson Locations: Fort McMurray , Alberta, Canada, U.S, ConocoPhillips Canada

☆ More unmarried couples are buying homes together. What to know before you do
▼ + stars: | 2023-09-03 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +5 min

'Housing affordability really is a struggle'Many young, unmarried couples live together, often for financial reasons. About 3 in 5 unmarried couples in the U.S. live with their partners, according to a report by the Thriving Center of Psychology. But unmarried couples should carefully approach making a commitment of this scale. To protect their investments in the property, unmarried couples ought to carefully consider how it is titled. Four factors unmarried homebuyers should considerHere are four things that certified financial planner Cathy Curtis, founder and CEO of Curtis Financial Planning, in Oakland, California, says unmarried couples should think about before buying property together: 1.

Persons: Gary Burchell, homebuyers, Jessica Lautz, Lautz, Melissa Cohn, William Raveis, they're, it's, Cohn, Cathy Curtis, millennials, Curtis, Roth Organizations: Getty, National Association of Realtors, D.C, NAR, William Raveis Mortgage, Curtis Financial, CNBC Financial Locations: Washington, U.S, New York, Oakland , California

☆ Major retailers say shoplifting is a huge problem. So at least one is now considering removing brand names from its shelves altogether.
▼ + stars: | 2023-09-03 | by ( Katie Balevic | ) www.businessinsider.com time to read: +2 min

Many retailers attribute rampant product losses to widespread shoplifting. Some retailers say shoplifting has gotten so bad that they are removing name brands from their shelves, instead offering store brands that have lower resale values. "I don't want to do this," Giant president Ira Kress told the Post. "But the reality is that Tide is not a profitable item in this store," Kress told the Post. One shopper previously told Insider the lock boxes have "progressed from slightly annoying to more than inconvenient."

Persons: Ira Kress, Kress, it's Organizations: Service, Washington Post, Target Locations: Wall, Silicon, Target

There's plenty of information available about how to reach financial independence and retire early. That's not the route I take with my financial planning clients who want to set a goal to retire early. When our clients want to retire early, we support that choice — and we want to build a realistic plan for doing so. It might not be all you hoped for, however, if you're trying to retire early just because you hate your job. If someone has values like Contribution, Community, and Meaningful Work — then early retirement might be a terrible goal!

Persons: That's, It's, Robinhood, — Organizations: Service, Robinhood Locations: Wall, Silicon

I want to retire a millionaire, so I asked a financial planner to look at my strategy so far. He said I need more tax diversification and income streams, and a plan for retirement income. He told me I need to contribute to my retirement account more often, not randomly throughout the year. That's why I found a financial advisor: I asked financial planner Adam Scherer to review my retirement portfolio and tell me if I'm on track to retire as a millionaire. To begin figuring out this strategy, Scherer recommends using a retirement calculator or working closely with a financial planner.

Persons: I've, Adam Scherer, Scherer, Roth, doesn't, Get Organizations: Service, Roth IRA Locations: Wall, Silicon

☆ Listen Early to ‘This American Life’: Rest Stop
▼ + stars: | 2023-09-02 | by ( New York Times Audio | ) www.nytimes.com time to read: 1 min

The New York Times Audio app is home to journalism and storytelling and provides news, depth and serendipity. It is available to Times news subscribers on iOS. If you haven’t already, download the app here and sign up for our weekly newsletter. Our new audio app is home to “This American Life,” the award-winning program hosted by Ira Glass. The app includes a “Best of This American Life” section with some of our favorite bite-size clips, so you can enjoy the show even if you don’t have a lot of time.

Persons: Ira Glass Organizations: New York Times

☆ Take Five: A September to remember?
▼ + stars: | 2023-09-01 | by ( ) www.reuters.com time to read: +5 min

[1/2] Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., August 29, 2023. 1/ SCARY SEPTEMBERNow the Federal Reserve's Jackson Hole confab is over, investors are strapping in for a potentially volatile month. Reuters Graphics2/ THE SICK MAN OF EUROPEGermany looks likely to be the only major economy to contract this year. No wonder the region's economic powerhouse is once again being called the sick man of Europe. But economists are sceptical, noting that at just 0.2% of GDP, the package is no game-changer and that the sick man will need more medicine.

Persons: Brendan McDermid, Ira Iosebashvili, Kevin Buckland, Dhara Ranasinghe, Libby George, Naomi Rovnick, Jackson, Jerome Powell, Olaf Scholz, Xi Jinping, Philip Lowe, Michele Bullock, BoE, Amanda Cooper, John Stonestreet Organizations: New York Stock Exchange, REUTERS, Federal, Reuters, ECB, Germany's, Reserve Bank of Australia, Traders, Bank of, British Retail Consortium, Reuters Graphics, Thomson Locations: New York City, U.S, Ira, New York, Tokyo, London, Germany, Europe, Pakistan, Sri Lanka, Ghana, Zambia, Delhi, China, Bullock, Bank of England, Halifax

MARSHALL, MICH. – On a gusty morning in a quaint central Michigan town, the sun's glow hits the brightly colored mural on the side of a brick building. About a five-minute drive past an antique store, a book shop and a retro pharmacy is a wide field where construction has begun. Ford ultimately landed in Marshall, a town with just under 7,000 residents. Pros and consYet on the ground in Marshall, where the site is being prepped for construction to begin, the reality is much more complicated. Excitement for the site is paired with concerns about how life in a charming small town could change with the introduction of a major industry.

Persons: MARSHALL, Caryn Drenth, David Miltenberger, Ford, Joe Biden, Chuck Schumer, Derek Allen, Allen, Covid, Marshall Organizations: Marshall Hardware, Marshall, Hawks, Ford Locations: Michigan, Marshall, Serendipity

☆ Jim Cramer’s guide to investing: Plan for retirement
▼ + stars: | 2023-09-01 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer said he thinks financial literacy is lacking at most schools in the U.S., especially when it comes to individual retirement accounts, or IRAs, as well as 401(k) plans. It's important that everyone knows how best to save for retirement with some sort of tax-favored account, according to Cramer. Cramer explained that putting your retirement savings in a 401(k) or an IRA can both be good options. "If the company you work for matches your 401(k) contributions up to a certain point, take them for all they're worth. But other than that, an IRA is the superior way to go, especially if your 401(k) plan doesn't give you any good investment options," Cramer said.

Persons: CNBC's Jim Cramer, Cramer Locations: U.S

☆ Jim Cramer's guide to investing: Lessons for young people
▼ + stars: | 2023-09-01 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer said it's never too early to start thinking about investing. Young people, even those just out of college, should be thinking about their monetary future, according to Cramer. "For young people just out of college, investing is a great way to trick yourself into saving money you might otherwise spend," Cramer said. "Beyond that, remember: when you're young, you can afford to take a lot more risks with your portfolio. And it's never too soon to start contributing to your 401(k) or IRA, especially an IRA that's a Roth."

Persons: CNBC's Jim Cramer, it's, Cramer, Roth Organizations: Young

☆ Go with a Roth IRA if you have a marginal tax rate, says Jim Cramer
▼ + stars: | 2023-09-01 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

Go with a Roth IRA if you have a marginal tax rate, says Jim CramerClass is in session with 'Mad Money' host Jim Cramer as he teaches financial literacy 101.

Persons: Roth, Jim Cramer

☆ Roth IRA might be the best thing the U.S. government did for low-income families: Jim Cramer
▼ + stars: | 2023-09-01 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRoth IRA might be the best thing the U.S. government did for low-income families: Jim CramerClass is in session with 'Mad Money' host Jim Cramer as he teaches financial literacy 101.

Persons: Jim Cramer Locations: U.S

☆ Jim Cramer’s guide to investing: How to save for college
▼ + stars: | 2023-09-01 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

To CNBC's Jim Cramer, saving for your child's college expenses is one of the best things you can do to set them up for success. A 529 college savings account is the most effective way to make sure your child isn't heavily burdened with academic debt, Cramer said. "Paying for your kids' college education isn't as important as providing for yourself in retirement, at least not financially," he said. "But if you have children, then after you've made enough retirement contributions for the year, putting money in a 529 college savings plan should be the next item on your agenda." Cramer suggested parents open a 529 college savings account soon after their child is born.

Persons: Jim Cramer, isn't, Cramer, you've, Roth

☆ Jim Cramer’s guide to investing: Should you have a Roth account?
▼ + stars: | 2023-09-01 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer gave guidance on how investors can decide whether to put savings into Roth accounts. He focused on Roth accounts as they relate to two different retirement accounts: 401(k)s and individual retirement accounts, or IRAs. The primary difference between Roth and non-Roth accounts is that money in a Roth is taxed when you put it into the account, not when you withdraw it years later, Cramer said. Cramer emphasized that there is no one-size-fits-all approach to this question, and some investors may be constrained to their employer's retirement account policies. Cramer also noted that Roth accounts let you withdraw money you've invested after five years without being hit with a 10% penalty.

Persons: CNBC's Jim Cramer, Roth, Cramer, you've, you'll

☆ The Forgotten Teenage Trailblazer of Women’s Tennis
▼ + stars: | 2023-09-01 | by ( Ginia Bellafante | More About Ginia Bellafante | ) www.nytimes.com time to read: +2 min

In practice sessions, Ms. Graber had beat two boys who made the team. Ms. Graber joined the team, where by her own admission, she was not the best player but could still claim many wins. At Cornell, where Ms. Graber played on the women’s tennis team, she met another woman who had also secured a position on a boys’ team. Between 1970 and 1972, the number of high school girls participating in team sports increased from 300,000 to 800,000. “I had a gradual awakening based on what I encountered in school, in Ms. magazine, in what was happening in the world around me,” Ms. Graber Jensen told me.

Persons: Ira Glasser, Graber, —, Phyllis Graber, Phyllis Graber Jensen, Holmes Norton, “, ” Ms, Graber Jensen, ”, Phyllis, Rob Goldberg, Dusty, Goldberg Organizations: American Civil Liberties Union, Education, Bates College, Cornell, tennis, Kenner Locations: Maine

☆ Column: US Medicare drug negotiations a good start on bringing down healthcare costs
▼ + stars: | 2023-08-31 | by ( Mark Miller | ) www.reuters.com time to read: +6 min

And in 2025, a $2,000 annual cap on out-of-pocket costs for drugs under Medicare Part D takes effect. But drug costs are just one aspect of the healthcare cost problems confronting seniors. Inadequate protection from out-of-pocket costs across the Medicare program also poses a threat. Enrollees in fee-for-service Medicare can appeal direct to Medicare; in Medicare Advantage, the appeal process begins with your specific insurer. She also recommends that enrollees review their monthly statements that explain what healthcare services have been covered.

Persons: Biden, ”, Hector Ortiz, Sarah Murdoch, Murdoch, ” Murdoch, Joe Biden, Mark Miller, Matthew Lewis Organizations: U.S, drugmakers, Medicare, Consumer Financial Protection Bureau, Seniors, Medicare Rights Center, Center, Reuters, Thomson

☆ Column: US offshore wind goals need policy help to reach potential
▼ + stars: | 2023-08-31 | by ( Gavin Maguire | Thomson Reuters | Gavin Maguire Is The Global Energy Transition Columnist. He Was Previously Asia Commodities | ) www.reuters.com time to read: +5 min

LITTLETON, Colorado, Aug 31 (Reuters) - The weak showing at the first auction for offshore wind development rights in the Gulf of Mexico highlights the critical role that policymaking must play in making ambitious long-term climate goals compatible with current commercial realities. SMALL SCALE IMPACTOne of the biggest faults of the Gulf of Mexico wind leases is the absence of a viable pathway for wind power generators to profitably sell their power to electricity providers given current market conditions. In contrast to several utilities in the Northeast, which have state-level mandates to purchase certain volumes of power from offshore wind generators, the power systems covering Texas and Louisiana do not allow for similar power purchase agreements to be drawn up. Currently, there is a policy planning chasm between the Gulf Coast's power market systems and the long-term strategies of that region's largest employers and tax payers. But if legislators and corporate planners can recognise they may both gain from the emergence of a vibrant offshore wind energy sector that could cut power sector emissions and generate green hydrogen in abundance, there may be scope for closer collaboration and planning.

Persons: Joe Biden's, Gavin Maguire, Miral Organizations: Reuters, Thomson Locations: LITTLETON , Colorado, Gulf, Mexico, United States, Joe Biden's U.S, Texas, Louisiana

☆ LAFC-Inter Miami ticket prices soar as Messi visits Los Angeles for MLS match
▼ + stars: | 2023-08-31 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

Ticket prices for this Sunday’s match between Inter Miami and Los Angeles FC are the most expensive for a Major League Soccer game ever, according to TickPick, an online marketplace. Average prices are around $690 — a 527% increase over the average ticket price of an MLS game, which used to cost $110 before soccer superstar Leo Messi joined the league. Demand to see Messi is juicing MLS ticket prices. Ira L. Black/Corbis/Getty ImagesHowever, this could be the ceiling for ticket prices. Previously, the Inter Miami jersey was the top-selling jersey only in Florida.

Persons: New York CNN —, “ Messi, ”, Leo Messi, Messi, Ira L, TickPick, Brett Goldberg, Goldberg, Apple, Soccer.com Organizations: New, New York CNN, Inter Miami, Los, Los Angeles FC, Major League Soccer, MLS, CNN, ”, New York Red Bulls, Adidas, Messi Locations: New York, Los Angeles, Argentina, Florida, Vermont

☆ Jim Cramer’s guide to investing: Use good judgment and know your objectives
▼ + stars: | 2023-08-31 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

If you take all my rules literally, you're going to be running around in circles while tearing your own hair out," Cramer said. One of the first things investors can do to develop good judgment is making sure they know themselves and their objectives, he said. First, though, you need to consider what you're trying to get out of the market, you need to know yourself," Cramer said. "The answer to that question is not going to be the same for everyone, but everything else stems from it. You can't make judgments about stocks until you know what characteristics you actually are seeking and you value."

Persons: CNBC's Jim Cramer, Cramer, There's

☆ Funds punished for owning too few Nvidia shares after stunning 230% rally
▼ + stars: | 2023-08-30 | by ( Lewis Krauskopf | ) www.reuters.com time to read: +5 min

Yet many funds hold less of the stock in their portfolios compared with Nvidia's weight in key equity indexes, making it tougher for them to beat their benchmarks. Among those funds that held a below-average weight in Nvidia, 85% underperformed the index so far this year, Morningstar's data showed. Nvidia's valuation has been a primary reason keeping some investors away, while others are wary of buying in after the stock’s mammoth 230% run this year. Nvidia shares marked a record high closing price on Tuesday, in the wake of a strong earnings report last week. "The stock has had an amazing rally, but it would be totally normal for it to correct 20-25%."

Persons: Robert Galbraith, Refinitiv, ”, Chuck Carlson, Dow, Goldman Sachs, Goldman, Morgan Stanley, Robby Greengold, Jeremy Schwartz, Schwartz, Michael Purves, Purves, ” Purves, Lewis Krauskopf, Ira Iosebashvili, Matthew Lewis Organizations: Nvidia, REUTERS, Nasdaq, Horizon Investment Services, Reuters Graphics Reuters, Big, Microsoft, Dow Jones, Apple, U.S, Mutual, Morningstar, Tallbacken Capital Advisors, Thomson Locations: Santa Clara , California, Big Tech, New York

My friends and family asked for a baby registry — instead, I asked for contributions to a 529 plan. No matter what form my baby's education costs take, the money in the 529 plan will be valuable. A 529 plan is a tax-advantaged savings plan that allows people to start saving now for future education costs. Here are three ways a 529 plan is setting her up for future financial success. A 529 plan covers different types of educationThe main reason I decided to set up a 529 plan is to help fund my child's college experience.

Persons: Roth IRAs, Roth Organizations: Service Locations: Wall, Silicon

He said that once implemented, the prices on negotiated drugs will decrease for up to 9 million seniors who currently pay as much as $6,497 in out-of-pocket costs per year for these prescriptions. This kicks off the negotiation process for the 10 drugs whose new prices will go into effect in 2026. U.S. laws had prohibited Medicare from negotiating pharmaceutical prices as part of its prescription drug program that began about 20 years ago. CMS Director Dr. Meena Seshamani said Medicare plans to use a review process to make sure insurance companies keep clinically appropriate access to negotiated drugs. Two analysts said they expect the negotiated prices to move beyond Medicare and affect commercial markets for these drugs by 2026, when they come into effect.

Persons: Joe Biden, Jonathan Ernst, Biden, Joe Biden’s, Januvia, Xarelto, Johnson, Boehringer Ingelheim, Eli Lilly's, Jardiance, Mohit Bansal, Entresto, Eli Lilly, Merck, Bristol Myers, Giovanni Caforio, Caforio, enrollees, Meena Seshamani, Stelara, Amgen, Evan Seigerman, Patrick Wingrove, Mike Erman, Manas Mishra, Nandita Bose, Caroline Humer, Bill Berkrot Organizations: Social Security, University of Tampa, REUTERS, U.S, Bristol Myers Squibb, Pfizer, Merck, Co's, Johnson, Novo Nordisk, NYSE Arca Pharmaceutical, U.S . Centers, Medicare, Medicaid Services, Reuters Graphics Wells, Novartis, AstraZeneca, Bristol, J, U.S . Department of Health, Human Services, BMO Capital, Thomson Locations: Tampa , Florida, U.S, Amgen's, Jardiance, Germany, Bengaluru, Washington

[1/2] A pharmacist holds a bottle of the drug Eliquis, sold by Bristol Myers Sqibb and Pfizer at a pharmacy in Provo, Utah, U.S. January 9, 2020. REUTERS/George Frey/File Photo Acquire Licensing RightsAug 29 (Reuters) - The U.S. government on Tuesday selected the first 10 drugs, including the big-selling blood thinner Eliquis from Bristol Myers Squibb (BMY.N) and Pfizer (PFE.N) , that will be subject to the first-ever Medicare price negotiations, part of President Joe Biden’s Inflation Reduction Act (IRA) that drugmakers and industry groups have challenged in court. At least eight lawsuits were filed between June and late August seeking to block the price negotiation, arguing that the law and forced price cuts would violate various amendments to the U.S. constitution. The following are key details of the lawsuits:Reporting by Manas Mishra and Sriparna Roy in Bengaluru; Editing by Bill BerkrotOur Standards: The Thomson Reuters Trust Principles.

Persons: Bristol Myers Sqibb, George Frey, Joe Biden’s, Manas Mishra, Sriparna Roy, Bill Berkrot Organizations: Bristol, Pfizer, REUTERS, U.S, Bristol Myers Squibb, Thomson Locations: Provo , Utah, U.S, Bengaluru

Keeping too much in your checking account isn't ideal, for two reasons: First, such easy access means you might be tempted to spend it. Keeping too much in your checking account could mean that you're leaving money — even a little — on the table. After this account is built, it can be tempting to leave any spare cash in your checking account. If your checking account is growing while your IRA, 401(k), or savings account remains stagnant, you're probably keeping too much money in checking. You're worried you're missing out on moneyThe average checking account has an interest rate of 0.07%, according to the FDIC.

Persons: —, Marci Bair, it's, Bair, You've, I've Organizations: Service, Bair Financial Locations: Wall, Silicon, Bair, San Diego , California

☆ White House inflicts Big Pharma ills
▼ + stars: | 2023-08-28 | by ( ) www.reuters.com time to read: +2 min

If just one or two big medications were going to be renegotiated, the industry could shoulder the change. The IRA, signed into law last year, allows Medicare to negotiate prices for some of its most costly drugs. Though specificities are unclear, a quick look at one of the biggest sellers under the program, blood thinner Eliquis, suggests Big Pharma could shoulder a discount. At 11 times earnings over the next 12 months, that’s less than 10% of the firm’s $205 billion market capitalization. Put this on the same multiple of 11 times, and it would be a $275 billion hit to the industry.

Persons: George Frey, Biden, Robert Cyran, Xpeng’s Didi, Lauren Silva Laughlin, Sharon Lam Organizations: Pfizer Pharmaceuticals, REUTERS, Reuters, Big, Medicare, Pfizer, Bristol, Myers Squibb, Congressional, Office, X, Thomson Locations: Provo , Utah, U.S

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