U.S. stocks hit record highs for the second day on Friday as investors remained upbeat about a tax reform plan that President Donald Trump vowed to unveil in the coming weeks. Trump’s promise of a “phenomenal” tax plan helped reignite a post-election rally, which had stalled in recent weeks on concerns over his protectionist stand and the lack of clarity on policy reforms.
Category: Newark, NJ
Prudential Gains on Pension-Risk Transfers; Profit Jumps 22%
For many large companies, the pension promises that were made years ago to employees became a large and distracting headache. For Prudential Financial Inc., these retirement plans are a pathway to growth.
U.S. Banks to Stay in Fashion as Earnings Kick Off
U.S. bank stocks will stay in favor with investors as long as earnings reports in the coming week show an improving profit outlook while investors wait to see if U.S. President-elect Donald Trump lives up to his campaign promises. Wells Fargo & Co.
Ignorance Isn’t Bliss, As New Study Slams Americans On Lack Of Retirement Savings Knowledge
Across generations, U.S. workers just aren’t cutting it on retirement savings – and indifference, or even ignorance, is a big part of the problem. A new study out from Newark, N.J.-based Prudential Investments offers some tough love for U.S. retirement savers, many of whom are severely lacking in the financial acumen needed to save for a comfortable retirement.