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Tag: expected

House GOP expected to push changes to your 401(k) this fall

House GOP expected to push changes to your 401(k) this fall

Finance
Workplace retirement plans could be headed for a makeover in Congress. As part of a push for additional tax law changes, GOP lawmakers in the House are expected this month to float legislation that includes modifications to 401(k) savings plans. Broadly, those could include: reducing costs for small businesses to offer such accounts, making it less risky for employers to offer guaranteed income annuities and requiring plans to annually tell workers how long their nest egg is projected to last. "There's a lot of concern about folks...
North Sea oil and gas appraisal results better than expected

North Sea oil and gas appraisal results better than expected

Business
Aug. 27 (UPI) -- The results of an appraisal well in the North Sea drilled by a subsidiary of Lundin Petroleum were better than expected, a Norwegian regulator stated. The Norwegian Petroleum Directorate, the nation's energy regulator, assessed the results of an appraisal of a discovery proved in 2009. Before drilling, Lundin Norway estimated the discovery held as much as 13.8 million barrels of oil and 14.1 billion cubic feet of natural gas. After drilling, the NPD's results put the size of the discovery as high 69 million barrels of oil and 70 billion cubic feet of natural gas. "The licensees will assess the discovery with a view toward a potential application to conduct test production, probably by tying in the appraisal well to existing infrastructure on the Edvard Grieg field," the r...
Pain at the pump: Gas prices hit three-year high and are expected to keep rising

Pain at the pump: Gas prices hit three-year high and are expected to keep rising

Finance
Buckle up, America. Gas prices have a hit a level not seen in three years and are expected to continue their upward trajectory.The national average for a gallon of gas reached $ 2.82 this week, a level not seen since summer 2015, according to online gas station database GasBuddy.com.Californians are paying the most: $ 3.61 per gallon. By contrast, Oklahoma has the lowest state average, at about $ 2.50.While gas prices typically head higher every spring due to increased driving demand, the current average is 48 cents more per gallon — an increase of about 20.5 percent — than the $ 2.34 consumers paid a year ago before prices inched downward. For most of summer 2017, the average price hovered around $ 2.30 or trended lower.The summer months will likely bring even higher prices."While it won'
European Central Bank expected to tread carefully amid mounting global insecurities

European Central Bank expected to tread carefully amid mounting global insecurities

Finance
Mario Draghi, the president of the European Central Bank (ECB), is unlikely to give too much away at his press conference this week amid a surge in economic uncertainty.The Italian economist will speak once again following the ECB Governing Council's rate decision on Thursday, with the bank expected to be cautious to prevent any unwanted tightening of financing conditions. This means Draghi won't reveal much on any potential end to the ECB's massive bond-buying scheme, brought in after the euro zone sovereign debt crises to boost lending and stoke inflation.The threat of a trade war triggered by President Donald Trump — with the U.S. set to impose tariffs on steel and aluminum — has spooked investors and business leaders alike. Meanwhile, the rise of populism in Italy has done little to ca
Bruins not expected to have Rask against visiting Red Wings

Bruins not expected to have Rask against visiting Red Wings

Sports
Tuukka Rask has been in goal for all three Boston Bruins victories over the Detroit Red Wings this season, allowing five goals in the three games. But Rask, apparently, will not be in net when the Bruins close the season series on Tuesday night at TD Garden. Rask, who missed Saturday night's 2-1 win over the Montreal Canadiens with what he called "a very minor injury," was not on the ice for practice Monday and will likely watch Anton Khudobin play Tuesday night. "Tuukka is nursing a minor injury and he stayed off today," Bruins coach Bruce Cassidy said Monday. "We'll keep an eye out on that one. Other than not having skated now for three days, it doesn't look like he'll be able to go tomorrow, but that's just an observation. "He probably wants to get a little bit of work before he goes ba...