America’s ranks of retirement fund millionaires are surging, with the number of 401(k) accounts managed by Fidelity Investments holding at least $1 million surging to a record 769,000 in the second quarter. The number of 401(k) millionaires jumped 19% between the first and second quarters, lifted by a bullish stock market and by record average…
The Missouri Supreme Court has unanimously blocked the state from moving forward with a new House map that favors Republicans in this year’s midterm elections, ordering a statewide vote on whether to uphold or reject the new map. The decision Thursday marks a rare setback for Republicans in the national redistricting battle, as they fight…
Washington — As legal battles over the U.S. Postal Service’s new regulations for mail ballots move forward, state and local election officials are raising concerns about the logistical hurdles they will have to surmount to implement the requirements just weeks before the November elections. Mail ballots will go out to voters in several states in…
Washington — The federal government will shift into using artificial intelligence in the interview process for some job applicants in the coming days, according to U.S. officials. Not all federal agencies will immediately use AI to interview job seekers, but the technology will be tested on the so-called Tech Force, an initiative started eight months…
New York — Former Venezuelan President Nicolás Maduro and his wife asked a judge on Wednesday to dismiss the drug trafficking indictment against them on the grounds that they have immunity as the leader and first lady of a foreign country. In papers filed in Manhattan federal court, lawyers for Maduro said a judge was…
Beijing — On the outskirts of the Chinese port city of Ningbo, surrounded by lush green hills topped with giant wind turbines to harness the power of the gales off the East China Sea, is a factory where bosses believe they’re making the cars of the future. It’s where the Geely Auto Group, one of China’s…
A federal judge has temporarily blocked a Trump executive order that would prevent certain people from automatically becoming U.S. citizens at birth. Since returning to office last year, President Trump has sought to eliminate or narrow birthright citizenship. After the Supreme Court in June struck down his initial attempt to end birthright citizenship, he signed a…
Earlier this year, a super PAC supporting Texas Republican Senate nominee Ken Paxton received four checks totaling over $1 million from an organization called Preserve Texas, Inc. Preserve Texas is not registered as a political committee and has not filed paperwork with the Federal Election Commission that could reveal where the money came from. Instead,…
Uber is laying off 10% of its global workforce as part of a move to streamline and simplify the ride-sharing company, CEO Dara Khosrowshahi said in an open message to employees published Wednesday on the company’s website. The cuts amount to roughly 3,400 jobs based on Uber’s headcount at the end of last year. The company said…
“Buy now, pay later” loans were originally promoted as a way to help consumers afford small purchases, such as electronics and clothing. Now, financial firms are also pushing the loans as a means for people to cover essential expenses, such as rent, groceries, electricity bills and even medical costs. Consumer advocates warn that using BNPL…
