Stocks Rise as Manufacturing Slows and Markets Hit Records
Investors monitor slowing U.S. factory output and European slowdown while stocks push higher. The Dow, S&P 500 reached record highs as earnings and low rates attract buyers, with Google topping $900 and Macy’s boosting gains on profit growth and buyback plans.
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Google unveils All Access streaming music at developer conference
Google shows a streaming music service All Access blending user uploads with millions of tracks for 10 per month, positioning against Spotify and Rhap sody. The move sparks a broader wave of digital music upgrades as rivals like Apple and YouTube pursue paid plans and free ad supported options. Google’s Android reach—about 900 million devices activated—could narrow the gap with iTunes and Spotify.
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Retired couples may need 220000 for health care costs
Washington AP reports estimated medical expenses for new retirees dropped to 220000 for a 65 year old couple retiring this year, an 8 percent fall from 240000. Fidelity cites slower health care spending and prolonged recovery as factors, with advice to consult a financial planner and consider Medicare.
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Sunil Patel
Benefits Consulting
Fidelity
Patel
Merrill Lynch
Employee Benefit Research Institute
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