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| Products, Deals and People |
| Nationwide to Offer HSAs |
| The solution will allow participants to more efficiently track their 401(k), 457 and 403(b) plans along with their HSA, while offering access to education and investment selection.Read more > |
| Retirement Loan Eraser Now Helps Those Who Voluntarily Terminate Employment |
| The product expansion will keep the loan current for an additional three months to allow time for engagement, education and counseling to help the participant take advantage of a post-termination loan repayment program and avoid default.Read more > |
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| Sponsored message from Natixis |
Actively Changing the Climate of Target Date Funds
The first ESG-driven target date mutual funds – Natixis Sustainable Future Funds – combine sophisticated methodology with sustainable ideology. Help your clients align their values with their retirement investments. Target Date. Sustainable Focus. 2246929.1.1Read more > |
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| Economic Events |
| Sales of new single-family houses in September were at a seasonally adjusted annual rate of 553,000, according to estimates released jointly by the Census Bureau and the Department of Housing and Urban Development. This is 5.5% below the revised August rate of 585,000 and is 13.2% below the September 2017 estimate of 637,000. |
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| Market Mirror |
Wednesday, the Dow plummeted 608.01 points (2.41%) to 24,583.42, the NASDAQ took a 329.14-points (4.43%) dive to 7,108.40, and the S&P 500 dropped 84.59 points (3.09%) to finish at 2,656.10. The Russell 2000 fell 57.89 points (3.79%) to 1,468.70, and the Wilshire 5000 plunged 900.66 points (3.18%) to 27,378.97. The price of the 10-year Treasury note increased 16/32, bringing its yield down to 3.110%. The price of the 30-year Treasury bond climbed 19/32, decreasing its yield to 3.337%. |
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| Investing |
| Portfolio Implications of Technological Acceleration |
| PGIM, the global investment management businesses of Prudential Financial, published a white paper that looks deeply at the ongoing technological progress being made by investment managers and retirement plan service providers. The paper discusses the macroeconomic implications, industry implications and portfolio implications of more rapid technological change. Faced with “growing obsolescence risk,” PGIM says there are two concrete steps that institutional asset owners should consider.Read more > |
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| Small Talk |
| ON THIS DATE: In 1812, during the War of 1812, the U.S. frigate United States captured the British vessel Macedonian. In 1854, the Charge of the Light Brigade took place during the Crimean War. The British were winning the Battle of Balaclava when Lord James Cardigan received an order to attack the Russians. He took his troops into a valley and suffered 40% casualties. Later it was revealed that the order was the result of confusion and was not given intentionally. In 1951, in Panmunjom, peace talks concerning the Korean War resumed after 63 days. In 1955, the microwave oven, for home use, was introduced by The Tappan Company. In 1962, American author John Steinbeck was awarded the Nobel Prize in literature. In 1971, the U.N. General Assembly voted to expel Taiwan and admit mainland China. In 1983, U.S. troops and soldiers from six Caribbean nations invaded Grenada to restore order and provide protection to U.S. citizens after a recent coup within Grenada’s Communist (pro-Cuban) government. |
| SURVEY SAYS: Arguably, this is one of the most politically divided times in America. With mid-term elections coming up, and early voting ongoing in many states, I’d like to know, do you discuss politics with co-workers, and is it affecting your relationships? 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 > |
