For instance, a survey earlier this year from GOBankingRates found that more than 70% of those aged 18 to 34 have saved less than $10,000 toward retirement, with more than two-fifths having no retirement savings at all. Business China’s new rule on yuan transfers not a capital control measure – Xinhua China’s new rules on cash transactions and overseas transfers of yuan currency are not forms of capital controls, the state news agency Xinhua said, citing a central bank economist. Banks and other financial institutions in China will have to report all domestic and overseas cash transactions larger than 50,000 yuan ($7,201.50), compared with 200,000 yuan previously, the central bank said on Friday. Business 8 Stocks to Benefit From Fed Rate Hikes Donald Trump’s election as president has fueled a powerful stock-market rally rooted in expectations of faster economic growth in 2017. Long-term bond yields have already surged, and the Federal Reserve is likely to raise its benchmark short-term interest rate by 0.25 percentage point on December 14. Many economists believe the Fed will boost rates twice more in 2017. Politics James Pethokoukis, economic policy analyst and CNBC contributor at the American Enterprise Institute, discusses U.S. President-elect Donald Trump. Business Medicare doesnt cover everything, but for most retirees its crucial For many, Medicare enrollment is a welcome part of retirement. It’s a chance to say good-bye to health-maintenance organizations and their narrow networks of doctors.
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