| Products, Deals and People | Retirement Industry People Moves | AndCo Consulting adds three to Pittsburgh consulting team; Franklin Templeton hires head of client investment solutions; Millennium acquires Inspira and ABG; and more.Read more > | | Economic Events | Total nonfarm payroll employment increased by 228,000 in November, and the unemployment rate was unchanged at 4.1%, according to the Bureau of Labor Statistics. Employment continued to trend up in professional and business services, manufacturing, and health care. October sales of merchant wholesalers, except manufacturers’ sales branches and offices, after adjustment for seasonal variations and trading-day differences but not for price changes, were $484.6 billion, up 0.7% from the revised September level and up 8.4% from the October 2016 level, the Census Bureau reported. The August to September percent change was revised from the preliminary estimate of up 1.3% to up 1.4%. THE ECONOMIC WEEK AHEAD: Tomorrow, the Bureau of Labor Statistics will reveal the producer price index for November. Wednesday, the Bureau of Labor Statistics will reveal the consumer price index for November. Thursday, the Labor Department will issue its initial claims report, and the Census Bureau will report about retail sales for November and business inventories for October. | | Sponsored message from Natixis | Helping Make Retirement More Personal 82% of plan participants surveyed, would like their personal values reflected in their investments. Now there’s a solution that meets this demand: Natixis Sustainable Future Funds, the industry’s first ESG-driven target date funds. 1836098.1.1Read more > | | Market Mirror | Friday, the Dow gained 117.68 points (0.49%) to finish at 24,329.16, the NASDAQ closed 27.24 points (0.40%) higher at 6,840.08, and the S&P 500 increased 14.52 points (0.55%) to 2,651.50. The Russell 2000 increased by 1.26 points (0.08%) to 1,521.72, and the Wilshire 5000 climbed 135.38 points (0.49%) to 27,516.67. The price of the 10-year Treasury note decreased 3/32, bringing its yield up to 2.374%. The price of the 30-year Treasury bond was down 1/32, increasing its yield to 2.764%. WEEK’S WORTH: For the week ending December 8, the Dow finished 0.40% higher, the NASDAQ was down 0.11%, and the S&P 500 increased 0.35%. The Russell 2000 lost 1.00%, and the Wilshire 5000 was up 0.25%. | | Investing | DB Plans, Retail Investors Expected to Embrace ESG | Plan sponsors may want to consider offering environmental, social and governance (ESG) investments in their lineup, and growing investor demand has prompted more than one-third, 35%, of asset managers to make the introduction of ESG investing a high priority, and another 57% say they are placing a moderate level of priority on the task.Read more > | | Small Talk | ON THIS DATE: In 1719, the first recorded sighting of the aurora borealis took place in New England. In 1769, Edward Beran of London patented venetian blinds. In 1816, Indiana was admitted to the Union as the 19th American state. In 1844, Dr. Horace Wells became the first person to have a tooth extracted after receiving an anesthetic for the dental procedure. Nitrous Oxide, or laughing gas, was the anesthetic. In 1872, Pinckney Benton Stewart Pinchback became America’s first black governor when he took office as acting governor of Louisiana. In 1930, the Bank of the United States in New York failed. In 1941, Germany and Italy declared war on the United States. The U.S in turn declared war on the two countries. In 1951, Joe DiMaggio (New York Yankees) announced his retirement from major league baseball. In 1981, Muhammad Ali fought his last fight. He lost his 61st fight to Trevor Berbick. In 1985, General Electric Company agreed to buy RCA Corporation for $6.3 billion. Also included in the deal was NBC Radio and Television. In 1998, majority Republicans on the House Judiciary Committee pushed through three articles of impeachment against U.S. President Bill Clinton. In 2001, U.S. Attorney General Ashcroft announced the first federal indictment directly related to the terrorist attacks on the United States on September 11, 2001. Zacarias Moussaoui was charged with six conspiracy charges. Moussaoui was in custody at the time of the attacks. | SURVEY SAYS RESPONSES: Last week, I asked NewsDash readers, “What is your favorite holiday movie?” These were the five movies leading up to the No. 1 pick: Christmas Vacation (8.6%), A Christmas Carol (7.5%), A Charlie Brown Christmas (6.4%), A Christmas Story (6.4%), Elf (6.4%) and White Christmas (6.4%). In verbatim comments, readers expressed how hard it was to choose just one, so many listed their other favorites. Some described why they love Christmas movies, and many said watching them is part of their family’s holiday tradition. Editor’s Choice goes to the reader who said: “Just because a movie depicts Christmas time in the movie, does not make it a ‘Christmas movie’” Thanks to all who participated in the survey!Read more > | Share the news with a friend! Pass the NewsDash along and tell your friends/associates they can sign up for their own copy.Read more > |
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