Page 55 - Mark Hackett News Today

Inflation is almost certainly the hottest topic in finance nearly five months into 2021. Currently, the Consumer Price Index (CPI) isn’t rising at an alarming rate, but the combination of rampant government stimulus, soaring commodities prices, and supply shortages, among other issues, has some market observers convinced material CPI increases are merely a matter of time. As Nationwide’s Mark Hackett points out, recent market action isn’t unhealthy. “Equity markets have entered a choppy...

VAntage Point Eight unclaimed Veterans laid to rest with honors in Texas Escorted by Missing in America Project and Patriot Guard Riders Paul Reed. Those are the names of six Army Veterans, one Navy Veteran and one Coast Guard Veteran whose remains were never claimed by family or friends. Thankfully, they received a proper burial at the Dallas-Fort Worth National Cemetery May 7. The Missing in America Project escort team and the Patriot Guard Riders (pictured above) escorted the unclaimed Veter...

Investors Are Concerned about Possible Tax Increases May 14, 2021 There’s no denying stocks have performed well since Election Day. In fact, the S&P 500’s showing through the first 100 days of the Biden Administration is one of the best such performance in the first 100 days of any administration. However, President Biden is proposing the largest tax increases the U.S. has seen in three decades – one aimed at the wealthy and one that, if passed, would result in substantial increases to ...

An Bord Pleanala approve €20m Offaly retail project Reporter: );  ); FULL planning permission has been granted for a €20m retail, cinema and restaurant complex on Church Road in Tullamore. Tony Flanagan, the local man who heads up the development company hoping to build the Riverside centre, was told on Tuesday (May 11) that An Bord Pleanala had given the project the green light. The planning decision opens the way for a major retailer to come to Tullamore after years of stagnation in the...

May 7, 2021 Public work is a different ballgame, but in the private sector, defined benefit pensions have largely been replaced by 401(k) plans. However, there’s still a massive amount of pension liabilities floating around in the market, and with mass retirement setting in, how those funds are managed can affect retirees everywhere – regardless of work history. “There remains $1.8 trillion in assets in the largest 100 public companies’ pension plans, according to benefits consultant ...

May 4, 2021 May is here, and with the arrival of the fifth month of the year come jitters about the old “sell in May and go away” saying. Indeed, May marks the arrival of what’s been a historically weaker six-month period for equities. “’Sell in May and go away,’ is popular because the May-to-October period is historically the weakest six-month stretch of the year, though May has been positive in seven of the last eight years. Given that the 30% return over the past six months has...

Apple, the largest publicly traded company in the U.S., fell 3.5%. Google-parent Alphabet lost 1.6%, Facebook shed 1.3% and electric car maker Tesla dropped 1.7%. Investors did not spare the markets chipmakers, with Nvidia and Intel losing 3.3% and 0.6%, respectively. The Dow Jones Industrial Average ended the day in the green thanks to strong performance in Dow Inc and Caterpillar. The 30-stock benchmark closed 19.8 points, or 0.1%, higher to 34,133.03 after dropping more than 300 points at on...

One Key Demographic Is Warming to the Stock Market April 27, 2021 Due in part to the expected multi-trillion dollar transfer of wealth from older generations to their heirs, millennials are one of the most pivotal investment demographics for advisors and issuers alike. It appears as though millennials are again warming to equities in significant fashion following the March 2020 market swoon forced by the coronavirus pandemic. “Millennials are also getting more comfortable with stock investi...

Healthy Offaly plan doing well despite Covid-19 impact Reporter: 16 Apr 2021 Dermot Egan (left), Healthy Offaly coordinator, and Cllr John Carroll, Cathaoirleach, at the launch of last years Longest Day Challenge (picture, Offaly County Council) );  ); COVID-19 has had a serious impact on the roll-out of a programme to make Offaly people healthier, a council district meeting was told. However, Dermot Egan, Healthy Ireland Offaly coordinator, said action had nonetheless taken place across a nu...

Motorcyclists ruining Offaly canal greenway Reporter: );  ); YOUNG people riding motorbikes on the Grand Canal bank are ruining the amenity for everyone else, a councillor has complained. There were calls for gardai to monitor the use of the canal and place barriers to prevent motorcyclists gaining access to the waterway. Cllr Noel Cribbin said a lot of people had contacted him about the issue about motorbikes on the canal bank near Edenderry. “Im also getting complaints from Tubberdaly in ...