New study findings from Allianz Life indicate SECURE Act driving strong interest in lifetime income options in retirement, particularly among nervous Gen Xers

Key findings snapshot:

  • 71% of employer-sponsored participants would like an option that offers guaranteed income for life in their plan

  • 75% of Gen Xers expressed interest in protection options as part of their employer-sponsored plan

  • 55% of participants are worried that money in their employer-sponsored plan will run out during retirement, with 69% of Gen Xers expressing the same concern

Americans with employer-sponsored retirement plans continue to express high levels of interest in guaranteed lifetime income options according to a recent study* from Allianz Life Insurance Company of North America (Allianz Life). The findings indicate that 71% of participants in an employer-sponsored plan would like an option that offers guaranteed income for life in their plan, while 58% said they would like an annuity as part of

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  • UK unemployment jumped to its highest rate in over three years, rising to 4.5% in the three months to August.
  • Nearly 3 million people claimed jobless benefits in September, according to data released by the Office for National Statistics.
  • The jobs data was worse than the 4.3% rise economists had expected.
  • The situation could deteriorate after the British government announced a new system of local lockdowns, introducing a three-tiered system of rules as infections surge across the country and a furlough program is set to expire later this month.
  • Visit Business Insider’s homepage for more stories.

UK unemployment rose to a three-year high of 4.5% in the three months to August, from 4.1% in July, according to data released by the Office of National Statistics on Tuesday. 

The number of people claiming jobless benefits rose to 2.7 million in September – an increase of

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KEY POINTS

  • Every $1,000 increase in home price pushes 150,000 buyers away: Report 
  • Rental prices have dropped by 0.1% since last month: Report
  • Homebuying is currently led by people with jobs and equity

Rising demand for homes, unprecedented levels of mortgage rates and low supply have pushed home prices out of reach for prospective homebuyers, which could make America a ‘renter nation,’ Grant Cardone, a real estate investor, told Yahoo.

“Homeownership is still dead in this country because the only people that are buying homes right now are people that have equity, great credit, and a job,” Cardone said.

For every $1,000 increase in home price, 150,000 buyers are priced out of a possible home purchase, according to a recent report by the National Association of Home Builders (NAHB).

The fall season is known to be good for real estate as home prices fall during this time. Realtor.com, however, suggests

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Application software firm Atlassian (TEAM) has performed extremely well over the last few years. The stock is up almost 145% over the last two years, while the S&P 500 is up a far more modest 21%. Even when compared to the iShares Expanded Tech-Software Sector ETF (IGV), Atlassian has gained twice as much as the sector.

Atlassian is getting ready to report fiscal first-quarter results in the next few weeks, and the stock is trading near an all-time high ahead of that earnings report. I wasn’t able to find the exact earnings date, as the company didn’t have the event on its Investor Relations page just yet. Several websites, including the Wall Street Journal, have the earnings report coming out on October 15. Based on the fact that Q4 2020 results were released on July 30 and third-quarter results were released on April 30, I am thinking the report

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WASHINGTON (AP) — The number of Americans seeking unemployment benefits fell slightly last week to a still-high 840,000, evidence that job cuts remain elevated seven months into the pandemic recession.

The latest sign of a flagging recovery comes two days after President Donald Trump cut off talks over a new rescue aid package that economists say is urgently needed for millions of unemployed Americans and struggling businesses. A failure to enact another round of government aid would crimp household income and spending, and some economists say it would raise the risk of a double-dip recession.

Thursday’s report from the Labor Department said the number of people who are continuing to receive unemployment benefits dropped 1 million to 11 million. The decline suggests that many of the unemployed are being recalled to their old jobs. But it also reflects the fact that some have used up the 26 weeks of their

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So far this year, Airbus has sold 379 planes or a net total of 300 after cancellations. Photo: Getty
So far this year, Airbus has sold 379 planes or a net total of 300 after cancellations. Photo: Getty

Airbus (AIR.PA) reached the highest number of monthly deliveries in September, although order activity remained quiet as COVID-19 continues to hammer the aviation sector.

It delivered 57 jets in September this year, up from 39 in August and exceeding the 55 achieved in February 2020, just before the onset of the airline crisis.

The European planemaker made 341 deliveries over the last nine months including 18 A220s, 282 A320 Family, 9 A330s and 32 A350s. This figure was down 40% from the 571 deliveries the same period last year, with the fall in output triggered by the pandemic.

A significant number of planes were delivered from a parked backlog. Its backlog stands at 7,441 aircraft compared to 7,133 at the same point in 2019.

The only order change registered was the

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  • You can open a BMO Harris (Member FDIC) bank account at one of over 500 branches in nine states, or online from around the US.
  • BMO Harris is a good brick-and-mortar bank, but if you’re looking to bank online, you’re better off with an online-only bank that pays higher rates.
  • The bank pays higher CD rates than most brick-and-mortar banks, but you’ll need $5,000 to open an account.
  • See Business Insider’s picks for the best CD rates »

Is BMO Harris the right fit for you?

You might like BMO Harris if you … You might not like BMO Harris if you …
  • Live near a branch, OR are comfortable
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A new experiment carried out by virologists from the KU Leuven Rega Institute in Belgium showed that the antimalarial drug hydroxychloroquine, that is also being given to Covid-19 patients, does not limit the virus multiplication in hamsters.

Their examination also showed that a high dose of the anti-flu drug favipiravir, by contrast, has an antiviral effect in the hamsters.

The team published their findings in the Proceedings of the National Academy of Sciences (PNAS).

The researchers were working on the two aspects of the pandemic: searching for a vaccine to stop the infection and testing the existing drugs to see their efficacy against SARS-CoV-2.

Experiments on hamsters

For this, the researchers carried a series of experiments on hamsters. They chose hamsters as the virus replicates faster in rodents. Moreover, hamsters develop a lung pathology similar to mild Covid-19 in humans. This is not the case with other rodents like mice.

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Tech has been a terrific place to be for a while now, and still is. Traditionally, though, this area has been off-putting to those concerned about value, whether in the traditional academic sense that requires low ratios, or in the theoretically sound sense that requires investors to face the challenges of making necessary assumptions about future growth. This disconnect need not exist, however. Value investors can filter for emerging growth opportunities and look for appealing valuations within that particular subset of the market.

© Can Stock Photo / sergey150770

Value Without Growth Is Not Really Value

There are many out there who see value and growth as being opposed styles, and in some cases, downright antagonistic. That’s wrong.

The correct valuation for a stock is not an arbitrarily chosen low number, or even a low rank relative to other valuations in the market. An appealing value is one in which

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Starting a business in high school may seem intimidating for some teenagers. But for five South Carolina students, what started as a school project has evolved into an opportunity to compete for $7,000 in seed money they can use to launch their own company.

These finalists, selected from high schools across the state, will have the chance to present their business plan at 7 p.m. Tuesday before a panel of entrepreneurship experts during the South Carolina State Business Plan Competition hosted by Youth Entrepreneurship South Carolina.

The group, also known as YEScarolina, is a nonprofit dedicated to teaching and guiding young entrepreneurs across the Palmetto State. Since its founding in 2004, the group has certified over 1,000 educators how to teach business classes. Those educators have gone on to help tens of thousands of students hungry to learn more about entrepreneurship, said Executive Director Tracy Bradshaw.



Hands-on internships made possible even in the time of COVID

As part

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