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Dow futures jump rise 300 points on tentative hope U.S.-Iran deal is close: Live updates CNBCStock Market Today: Dow Up 300 Points On U.S.-Iran Deal Hopes; Oil Prices Tumble (Live Coverage) Investor's Business DailyWall Street Set for Gains as Iran Peace Hopes Hold: Markets Wrap Bloomberg.comWall St futures rise on Iran peace hopes despite fresh U.S. strikes Investing.com
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Cavs face decisions on James Harden, Donovan Mitchell and Kenny Atkinson after Knicks' sweep The New York TimesWhat's next for Cavaliers? No one is safe after going all in, so what does that mean for LeBron James? CBS SportsWhat's next for the Cavs? A lack of control — and a frustrated owner — complicates things The New York Times‘Didn't give ourselves a chance': Cavs react to season-ending loss FOX 8 News
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Iran's Khamenei Says No Going Back For Middle East Rocked by War Bloomberg.comMiddle East crisis live: US will no longer have safe haven in region, warns Iran's supreme leader after strikes The GuardianMiddle East live: US will no longer have safe haven in region, warns Iran's Khamenei after strikes France 24Iran war latest: No safe haven for US forces in region, says supreme leader The Times
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Live Updates: Massive blast ruled out at California chemical leak in Orange County as officials say crisis is "not over" CBS NewsLive updates: Evacuation map reduced, thousands of residents can return home NBC Los AngelesGarden Grove evacuation area significantly reduced, thousands still remain displaced KTLA
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Your life insurance monthly premium can start looking less and less appealing once you've retired. It's a scenario Dan Simon, a retirement planning adviser with Daniel A. White & Associates in Middletown, Del., has seen quite often, even with his own parents. "The cost of the insurance had risen to the point where it was getting unaffordable. They were wondering do we really need to keep this coverage now that the kids are all grown up?"
If you stop paying your premiums, you lose your life insurance coverage, and your heirs wouldn't get anything back for what you've paid in. If you cancel a policy that has cash value, a reserve of money built up in some types of life insurance, the insurer sends you a check for that amount, though it will be far less than the listed death benefit.
Over the past 20 years, a third option went mainstream: selling your policy to a company, a practice known as a life settlement, with the buyer getting the death benefit when you die.
SEE MORE Don't Fall for That Life Insurance Ad on TV
"It's kind of morbid when you think about it. A group buys boatloads of policies from people that have fallen on hard times and can no longer afford their insurance," profiting from the seller's death, says Simon. "In theory, they want you to die tomorrow. If you live another 20 years, it's a bad investment for them."
Selling a life insurance policy generally isn't a great deal for you either, and there are better alternatives worth exploring. Simon finds that people typically turn to selling a policy when they're desperate. Usually, it's because they've spent down their other retirement assets, or they might be dealing with high medical bills. "It's a measure of last resort, like taking a reverse mortgage. I rarely see them working out well for people, and they could en
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While the fall equinox is still a few weeks away, the unofficial end of summer - also known as Labor Day - is upon us. That means a three-day weekend for investors and traders. The stock market is closed for 2022's Labor Day, which falls on Monday, Sept. 5, this year.
For those that may be interested, the bond market is closed for the holiday, too.
Unlike some market holidays, however, there are no early hours ahead of Labor Day. The New York Stock Exchange (NYSE), Nasdaq Stock Market and bond market all have regular trading hours on Friday, Sept. 2.
SEE MORE Hedge Funds' 21 Top Blue-Chip Stocks to Buy Now
Also note that a thin earnings calendar typically accompanies the Labor Day holiday.
As a reminder: Labor Day is a longstanding holiday in the U.S. that celebrates the American worker. The holiday was first adopted by Oregon in 1887, and seven years later, was made a national holiday across the U.S.
Dozens of other countries have a similar celebration called International Workers' Day that falls on the first day in May.
The following is a schedule of all stock market and bond market holidays for 2022. Note that regular trading hours for the New York Stock Exchange (NYSE) and Nasdaq Stock Market are 9:30 a.m. to 4 p.m. Eastern on weekdays. The stock markets close at 1 p.m. on early closure days; bond markets close early at 2 p.m.
2022 Market Holidays
DateHoliday
NYSE
Nasdaq
Bond Markets*
Monday, Jan. 17
Martin Luther King Jr. Day
Closed
Closed
Closed
Monday, Feb. 21
P
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