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Americans are pulling back to prepare for retirement, and workers cut their annual contributions to their 401(k) accounts last year, according to new research from payroll firm Dayforce. Full-time workers cut their contribution rate by 2025 to 8.9%, from 9.2% a year earlier, while one in four workers reduced their annual savings in a 401(k) … Read more
In early March, gas prices went up almost overnight. Propane prices soon followed. Anyone who uses gasoline for their car, truck, generator, or home heating will soon feel the change in their bank account. Reason is not magic; it is a global energy system that deals with conflicts. When tensions rise in the Middle East, … Read more
March 31, 2026 – The United States has a historic change in cryptocurrency regulation. Lawmakers recently updated the Digital Asset Market Clarity Act to create clearer government oversight. This legislation seeks to resolve long-standing jurisdictional conflicts between federal funding agencies. The United States House passed this legislation with bipartisan support late last year. This bill … Read more
American airlines that have been smarting from airport security lines are about to be shocked again. Subscribe to read this story without ads Get ad-free articles and exclusive content. A global jet fuel shortage is expected to drive up air travel costs and reduce flight times, as airlines look to cut rising prices. On Monday, … Read more
US President Donald galaotega of the Department on Monday revealed a proposal that would accept private equity and cryptocurrency investments in the 401(k) plans of Americans, the culmination of an aggressive Wall Street lobby push to leave the savings of millions of retirees vulnerable to swings in the so-called “other assets.” The proposed rule, which … Read more
The Bureau of Labor Statistics reported Tuesday that the hiring rate fell to 3.1% in February, with just 4.8 million new hires, the lowest since April 2020. Job openings fell to 6.9 million, down 358,000 from January. The unemployment rate was lower at 1.9%, while the unemployment rate remained at 1.1%, and the number of … Read more
BlackRock Global Head of Retirement Solutions Nick Nefouse joins ‘Varney & Co.’ discussing proposed legislation to expand 401(k)s to crypto and real estate. The Trump administration on Monday released proposed legislation to allow retirement plans to offer other assets such as private equity and cryptocurrencies as part of investment options. 401(k) accounts. The Department of … Read more
People walk through downtown Detroit on April 19, 2025. Dominic Gwinn | Afp | Getty Images Social Security is the largest social insurance program, paying about 75 million Americans every month. However the program is facing an imminent funding shortfall. The Social Security fund for pension benefits could run out by 2032, which could result … Read more
Wells Fargo Chairman and CEO Charlie Scharf discusses the resilient US economy amid geopolitical risks and market uncertainty on ‘Mornings with Maria.’ Despite a 50% increase in oil prices and the growing conflict involving Iran, Wells Fargo CEO Charlie Scharf reports a disconnect between market volatility and the health of the global economy. “So, separate … Read more
Americans woke up to higher gas prices on Tuesday, and some experts warned that the global oil crisis could worsen as Yemen’s Houthi rebels join the war against Iran. On Tuesday morning, the average price of gas in the US was US $ 4.018 per gallon, according to AAA, which tracks gas prices nationwide. According … Read more