Short excerpts from articles I found interesting.
I may not agree with the author and the following material is not intended as investment advice.
Kiplinger’s Retirement Report – April, 2018 – Information to Act On – Social Security
“Rising Age. Full retirement age for Social Security continues its climb toward age 67. Baby Boomers turning 62 this year won’t reach full retirement age until age 66 and four months. Early claimers will take a steeper permanent reduction in benefits than older beneficiaries suffered; claim at 62 and the haircut is about 27%. Those who delay past their full retirement age will benefits increase by 2/3 of 1% for each month they postpone their claim until age 70. The maximum addition will be about 29%.”
“Counting COLA. If you delay your Social Security benefit until age 70, you won’t miss out on your annual cost-of-living adjustments. No matter what age you claim your benefit, the Social Security Administration will build into your benefit every COLA going back to when you were 62, the first time you were eligible to claim a benefit. So if you delay until 70, eight years of annual COLAs will be included, in addition to all the delayed credits you earned.”
"...The business of global football is humongous and still growing fast. More than 3 billion people watched Germany beat Argentina in the final of the 2014 World Cup…That’s more than 30 times greater that the number that watched the Super Bowl in February. The viewership will almost certainly be gargantuan again for this summer’s monthlong World Cup in Russia, which opens in Mosco on June 14 and includes 32 national teams from around the globe. And that’s despite the fact that the U.S., one of the sport’s fastest-growing markets, failed to qualify.”
“…Last year, the world’s top three football teams – Manchester United, Real Madrid, and Barcelona – brought in combined revenues of around $2.5 billion, thanks to rising TV-rights deals with Europe’s football leagues and sponsorship deals signed by individual football clubs, according to the annual Deloitte “Football Money League” report published in January. All three ranked ahead of the NFL’s biggest revenue generator, the Dallas Cowboys, which had $700 million in sales last year.”
“…The Dow Jones Industrial Average gained 1.79 percent. The S&P 500 Stock Index rose 1.99 percent, while the Nasdaq Composite climbed 2.77 percent. The Russell 2000 small capitalization index gained 2.39 percent this week…The 10-year Treasury bond yield rose 5 basis points to 2.82 percent…Energy was the best performing sector of the week, increasing by 6.02 percent versus an overall increase of 1.91 percent for the S&P 500.”
“…President Trump told lawmakers he is considering rejoining the Trans-Pacific Partnership, the free-trade deal he withdrew from shortly after taking office, as he expressed confidence that the U.S. is headed toward resolving trade conflicts without economic disruption. A week after escalating tensions with his threat to impose tariffs on an additional $100 billion in Chinese products…”
“…Robert Burgess wrote on Bloomberg View that investors are losing confidence in President Trump. He reports that Nader Naeimi, an Australian money manager says that “For a growing number of global money managers, the risks of investing in the U.S. are too great right now given all the political uncertainty.” Fewer foreign investments could lead to a depreciated dollar.”
“…Thanks to the use of blockchain technology, every chicken that is sold by Carrefour SA, a France-based grocery chain, comes complete with its very own life story. By scanning the label with your smartphone, consumers can get all of the details (where the bird came from, whether or not it ate healthy grains, etc.). This is an example of the trend toward improving food safety by using the same technology that serves as the backbone of bitcoin and other cryptocurrencies, writes Bloomberg’s Luzi-Ann Javier.”
“…Crude oil was the best performing major commodity this week rising 8.4 percent. The commodity rallied to a three-year high as geopolitical risk took front stage this week with President Trump threatening to launch attacks on Syria, which could further destabilize the Middle East and the global crude supply chain.”