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…
Chevron said on Wednesday that it plans to invest $7 billion in Venezuela over the next five years and double its oil production in the country after receiving additional acreage in the crude-rich Orinoco Belt region. Chevron, the only U.S. oil company operating in Venezuela, said the investment will allow it to boost production to about…
The death toll from Wednesday’s devastating flash floods in Nepal and along the border with China has risen above 600, with around 3,000 people still missing, as rescue operations entered their fourth day. Poor weather is currently hampering aerial rescue operations for the workers and military personnel who have been working around the clock since…
Federal Reserve Chairman Kevin Warsh reaffirmed the central bank’s commitment to lowering consumer prices, acknowledging that inflation remains too high in a highly anticipated speech in Jackson Hole, Wyoming. During remarks at the Fed’s annual conference, Warsh said that recent government data shows inflation has cooled, but “they do not tell me that underlying trends…
Iran has finalized a preferential trade agreement with Oman, according to the Islamic Republic’s official Trade Promotion Organization. The agreement, which Oman has not yet confirmed, still requires approval by Iran’s parliament and other authorities. The announcement, relayed by Iranian state media, came two days after President Trump heralded a shift in U.S. tactics in…
Walmart said it is using billions of dollars in tariff revenue to lower prices as the company moves to appeal to consumers experiencing an affordability pinch due to higher inflation. The Arkansas-based retailer, which reported its earnings on Thursday, has received “substantially all” of the $2.9 billion in tariff refunds it was eligible for, executive…
Taking weight-loss drugs could help unemployed women get a job, according to new research. Unemployed women taking GLP-1 medications to lose weight saw a 27 percentage-point increase in employment after 18 months of use, compared with women who want to use the drugs but haven’t done so, Harvard economist Rebecca Diamond said in a recent paper published…
Ukrainian President Volodymyr Zelenskyy accused Russia of using North Korean ballistic missiles in its attacks, as another night of bombardment killed at least nine civilians and injured dozens of others. Zelenskyy said Russian forces used ballistic missiles supplied by North Korea in their attack on the southeastern Ukrainian city of Zaporizhzhia, where local officials said…
In Florida, a 29-year-old expectant mother is in hiding, concerned that she will be deported at any moment. She is among the more than 300,000 Haitian nationals who held Temporary Protective Status until the Trump administration ended the decades-long program earlier this week after a prolonged legal fight, citing improved conditions in Haiti. Just…
Fewer U.S. children may have access to free school meals this academic year amid changes ushered in by the Republicans’ tax-and-spending law, the “One Big Beautiful Bill Act,” according to food and public policy experts. The impact on school meal programs stems from the OBBBA’s overhaul of the Supplemental Nutrition Assistance Program, the formal name…
