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Newspaper
Baytown Sun
Location
Baytown, Texas, United States of America
Date
May 28, 2015
Page
6
Data from the Employee Benefit Research Institute show IRAs held 27 percent of all retirement plan assets in 2013 while the average IRA balance rose to 119,804 dollars. Yet the median IRA balance stood at 32,179 dollars, signaling a wide spread in account sizes.
Commodities price of oil fell as traders weighed supply hints while the dollar strengthened further on Wednesday. The ICE U S Dollar Index rose after a sharp surge the day before, with investors watching currency moves against a backdrop of global price shifts.
Exxon Mobil shareholders rejected several environmental resolutions, including a request for a climate change expert on the board and goals to cut greenhouse gas emissions. CEO Rex Tillerson warned oil prices would stay low for two years amid ample supplies and weak growth. Board members contested the need for climate focus, while probes into hydraulic fracturing and future diversification drew notable support. Institutional investors express increasing concern over climate strategy as the company plans continued capital restraint.
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