| | Sponsored message from Ayco | | Survey of Executive Benefits in Corporate America–Download a copy | | Access Ayco’s survey of executive benefits offered at 260+ companies.Read more > | | | Economic Events | | August 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 $499.1 billion, virtually unchanged from the revised July level, but down 0.7% from the August 2018 level, the Census Bureau reported. The June to July percent change was revised from the preliminary estimate of up 0.3% to up 0.2%. | | | Market Mirror | Wednesday, the Dow gained 181.97 points (0.70%) to finish at 26,346.01, the NASDAQ closed 79.96 points (1.02%) higher at 7,903.74, and the S&P 500 increased 26.34 points (0.91%) to 2,919.40. The Russell 2000 was up 6.86 points (0.47%) at 1,479.46, and the Wilshire 5000 climbed 250.09 points (0.85%) to 29,754.98. The price of the 10-year Treasury note was down 5/32, increasing its yield to 1.582%. The price of the 30-year Treasury bond fell 1 1/32, bringing its yield up to 2.084%. | | | Compliance | | Morgan Stanley Prevails in ERISA Lawsuit | | In dismissing the case a federal judge said, “ERISA does not require clairvoyance on the part of plan fiduciaries” and that the plaintiffs “come nowhere close to alleging such a case.”Read more > | | Criticism of DOL E-Delivery Proposal Misses the Mark, Experts Say | | “We think there will be cost savings from e-delivery and that these cost savings will be passed on to individual consumers,” says Chris Spence of TIAA. “There is also an engagement factor to consider.”Read more > | | | Small Talk | | ON THIS DATE: In 1845, the United States Naval Academy opened in Annapolis, Maryland. In 1887, Thomas Edison organized the Edison Phonograph Company. In 1913, President Woodrow Wilson triggered the explosion of the Gamboa Dike that ended the construction of the Panama Canal. In 1959, Pan American World Airways announced the beginning of the first global airline service. In 1973, Vice President Spiro Agnew resigned. The same day, he pleaded no contest to a charge of federal income tax evasion in exchange for the dropping of charges of political corruption. In 1977, Joe Namath played the last game of his National Football League (NFL) career. In 1978, legislation authorizing the Susan B. Anthony dollar was signed by President Jimmy Carter. In 2001, President George W. Bush presented a list of 22 most wanted terrorists. In 2004, the actor Christopher Reeve, who became famous for his starring role in four Superman films, died from heart failure at the age of 52 at a hospital near his home in Westchester County, New York. | | SURVEY SAYS: A recent survey found children today are getting large allowances, and parents are trying to teach money skills, yet most children are not saving. This week, I’d like to know, did you get an allowance as a child, and in coordination with that, did your parents teach you how to manage your money? Also, did you regularly save any of your allowance? You may respond to this week’s survey by 6 p.m. Pacific time today.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 > |
|
