Boomers Find They Need Work to Support Retirement
Sept. 23 (Bloomberg) -- At the height of his corporate career Tom Palome was a vice president at Oral-B Laboratories, earning a salary in the low six-figures. Today the 77-year-old works two part-time jobs, at about $10 an hour, to support his retired lifestyle. Bloomberg's Emmitt Henry reports. (Source: Bloomberg)
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Is a Yield Backlash Around the Corner?
20:28 - The Federal Reserve will refrain from raising interest rates this year and Treasuries are poised to rally, according to Amundi Asset Management, which oversees $1.1 trillion. U.S. policy makers, who meet Tuesday and Wednesday, will stay on hold as they struggle to spur inflation, said Eric Brard, the global head of fixed income. Treasuries will also benefit because they’re attractive compared to bonds in Japan and Europe, where yields are negative, Brard, who is based in Paris, said in an interview Monday in Singapore. Treasuries rose Tuesday. State Street Global Markets Global Head of Macro Strategy Michael Metcalfe discusses with "On the Move" hosts Manus Cranny in London and Caroline Hyde in Berlin.