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☆ Social Security's 'biggest myth' leads people to claim early, expert says. Even a slight delay can boost retirement income
▼ + stars: | 2024-05-19 | by ( Lorie Konish | ) www.cnbc.com time to read: +4 min

Nevertheless, 75% of adults ages 50 and up believe Social Security will run out in their lifetime, a 2023 Nationwide Retirement Institute survey found. When people claim Social SecurityMoreover, data shows retirees often don't wait until they are able to receive 100% of the benefits they've earned. The full retirement age is generally between 66 and 67, depending on an individual's birth date. For every year beneficiaries wait past their full retirement age up to age 70, they stand to get an 8% benefit increase. Every month increases your benefitsNevertheless, experts say it's still generally best to delay claiming retirement benefits.

Persons: Emerson Sprick, they've, —, Warren Buffett's, Suzanne Shu, John Payne, Teresa Ghilarducci, Sprick Organizations: Security, Center, Social, Institute, Social Security Administration, Finance, Cornell University SC Johnson College of Business, Duke University Fuqua School of Business . Workers, The New School for Social Research, CNBC Locations: New

NEW YORK, June 27 (Reuters) - The end of the COVID-19 pandemic has weighed not just on demand for Purell but also on efforts to sell the maker of the hand sanitizer. SC Johnson, Ecolab Inc, Essity AB (ESSITYa.ST) and Kimberly-Clark Corp (KMB.N) were among the companies that participated in the auction, the sources said. It is unclear whether the family will now hold on to Gojo and try to seek a sale in the future. The company expanded into skincare and invented Purell, an alcohol-based hand cleaner which dries on its own, in 1988. The company launched Purell in the consumer market in 1997.

Persons: SC, Clark, Kimberly Clark, Essity, Gojo, Goldie Lippman, Jerry, Clarence Cook, Abigail Summerville, Anirban Sen, Leslie Adler, David Gregorio Our Organizations: YORK, Gojo Industries Inc, SC Johnson, Ecolab Inc, Essity, Clark Corp, Thomson Locations: Kimberly, Akron , Ohio, New York

☆ Recycling and Regulation Are Hot Issues in Likely Update to U.S. Sustainable Marketing Guides
▼ + stars: | 2023-06-08 | by ( Dieter Holger | ) www.wsj.com time to read: +8 min

The FTC last updated its guides in 2012 after a review that it launched in late 2007. “For the average consumer, it’s impossible to verify these claims,” FTC Chair Lina Khan said in December when the review was launched. “It therefore is critical for the FTC’s framework on environmental claims to stay flexible and nimble,” Nestlé said in its public comment. Published comments from Procter & Gamble, L’Oréal and Unilever support keeping the current 60% threshold and say recyclable claims shouldn’t be based on how much of their products get recycled. Its CEO also said he hopes the Green Guides will be updated more regularly given the rapidly changing landscape of environmental marketing.

Persons: “, Lina Khan, Nestlé, PIERRE ALBOUY, REUTERS Nestlé, Perrier, Johnson, Fisk Johnson, ” Johnson, ”, Sarah Dearman, Ting Shen, L’Oréal, Unilever didn’t, Keith Srakocic, S.C, Dieter Holger Organizations: U.S . Federal Trade, FTC, Green Guides, Justice Department, REUTERS, ” SC Johnson, Sustainable Business, Green, Recycling, Bloomberg, The Recycling, U.S . Environmental Protection Agency, Greenpeace, Procter & Gamble, L’Oréal, Unilever, ” Unilever, Guides, dieter.holger Locations: North America, Virginia, U.S

☆ These organizations are trying to tackle plastic pollution and poverty at the same time
▼ + stars: | 2023-04-06 | by ( Katie Brigham | ) www.cnbc.com time to read: +7 min

"All the plastic we've ever produced since the inception of the material is still here," said David Katz, CEO of Plastic Bank, a company that's trying to implement plastic recycling systems in developing nations. It's usually because it's not economically feasible to collect, clean and sort plastic waste — at least not in the U.S., where new plastic is cheaper. Asis Wijayanto and his wife Atmawati support themselves and their daughter by collecting plastic with Plastic Bank. Plastic creditsBut only about 20% of Plastic Bank's partners are actually buying recycled plastic for use in new products. The other 80% are buying plastic credits, meant to help offset their new plastic production by funding recycling efforts in the countries where Plastic Bank operates.

☆ U.S. weekly jobless claims unexpectedly fall
▼ + stars: | 2023-01-19 | by ( ) www.cnbc.com time to read: +2 min

The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, suggesting the labor market remains tight despite higher interest rates. Initial claims for state unemployment benefits dropped 15,000 to a seasonally adjusted 190,000 for the week ended Jan. 14, the Labor Department said on Thursday. Economists polled by Reuters had forecast 214,000 claims for the latest week. Outside the technology industry, economists say companies are generally reluctant to send workers home after difficulties finding labor during the pandemic. In the week ending Jan 7, the so-called continuing claims rose 17,000 to 1.647 million, the claims report showed.

It’s a seemingly simple calculation, but supply-chain experts caution that shipping from stores can be more challenging than filling orders at fulfillment centers that are set up for the job. It now packages orders at 116 of its approximately 1,350 stores, said Amiee Bayer-Thomas, the company’s chief supply chain officer. The chain said it has converted areas in 35 stores to serve as semi-automated miniature distribution centers. That is one reason department store Nordstrom is pulling back on shipping orders from stores for its discount brand Nordstrom Rack. The company will continue using Nordstrom stores to fulfill online orders for that brand.

☆ Some Retailers Are Learning to Love Bulked-Up Inventories
▼ + stars: | 2022-12-01 | by ( Liz Young | ) www.wsj.com time to read: +6 min

Discount retailers Burlington Stores Inc. and TJX Cos. are among those happy to stock up as other merchants look to off-load goods. “Last year, our store inventories were just too lean going into the spring,” Mr. O’Sullivan said on a Nov. 22 call with analysts. The overall retail sector’s ratio of inventories to sales, a measure of how much companies have in stock compared with what they sell, remains tight by historical standards. The ratio for inventories to sales at those stores was 1.54 in September, up sharply from 1.39 in September 2019, according to Census Bureau figures. The company reported inventories rose 44% in the latest quarter compared with the same period a year earlier.

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