Is The Department Of Labor Fiduciary Rule Staying?

Marcia Wagner, a Wagner Law Group attorney and ThinkAdvisor contributor, told ThinkAdvisor Washington Bureau Chief Melanie Waddell she thinks the Department of Labor’s fiduciary rule will stay pretty much as is. Wagner said the entities affected by the rule have already expended a lot of resources and money on proper implementation. Wagner said the old 1976 rule is dated and there’s really no way to go back. She said there’s “no clear course of action if this rule doesn’t go forward.” Wagner also told ThinkAdvisor, in her view “the vector of this rule is the correct way to go for our country.” On June 9, part of the rule became law -- it will be in full effect on January 1. For Annuity News Now, thanks for watching.

North Korea Tests Rocket Engine

North Korea tested another rocket engine which could be used on intercontinental ballistic missile, according to U.S. officials.

Fox News reports it’s the first rocket engine test since March, when North Korea test three. Fox News also reporting U.S. officials are worried North Korea could use the rocket engine to put a satellite into orbit.

Reuters reports President Donald Trump has warned that a “major, major conflict” with North Korea is possible over its weapons programs

Canadian Sniper Breaks World Record with two-mile shot

A Canadian soldier killed an ISIS militant from two miles away in Iraq last month, breaking the world record for longest confirmed kill.

The Globe and Mail reports the shooter was a member of Joint Task Force 2 and he made the historic shot from a high-rise building. The sniper used a McMillian TAC-50 sniper rifle and it took the bullet under 10 seconds to hit its target.

The Globe and Mail reports the kill was verified by video camera and other data.

Russia Cancels Meeting with US over Sanctions

Russia has cancelled a meeting between U.S. and Russian officials planned for Friday that were aimed at resolving issues between the two countries. Reuters reports the meeting would have been between Russia’s deputy foreign minister and U.S. Under Secretary of State Thomas Shannon.

Moscow said it had no choice but to respond in this way after Washington added more individuals and organizations to its list of those sanctioned over the crisis in Ukraine.

U.S. officials say they are open to future talks with Russia.

Amazon Prime Wardrobe lets you try on clothes for free

Amazon is adding yet another reason to shop online. The online retailer announced Amazon Prime Wardrobe and apparently Wall Street is taking notice. Nordstrom closed down at nearly 4 percent and JC Penny closed down at nearly 5 percent after Amazon revealed the new service on Tuesday.

So here’s how Amazon Prime Wardrobe works. You try before you buy and pay for what you want to keep. You get 10 percent off your order if you keep three or four items, 20 percent off if you keep five or more. Everything else you don’t want goes back into the box and onto your doorstep. So basically you never have to leave your house to shop for a completely new outfit.

It’s currently in beta, but you can sign-up for a notification on when it launches.