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 war with Iran is pushing up oil and gas prices, creating widespread financial strain on U.S. motorists, food delivery drivers, farmers as well as the U.S. Postal Service. Average U.S. gas prices topped $4 per gallon on March 31 for the first time since 2022, according to AAA. Analysts say prices are likely to remain elevated until shipping resumes in the Strait of Hormuz, a key…
President Trump on Thursday named Adam Telle, a civilian leader in the U.S. Army Corps of Engineers, as the acting Army secretary, following the resignation of Dan Driscoll earlier this week. Telle is currently the assistant secretary of the Army for civil works. But he spent more than 20 years working for Republican senators, and…
Gasoline prices are surging ahead of Labor Day, with AAA predicting travelers will face the highest pump prices on record for the holiday weekend amid ongoing conflict in the Strait of Hormuz. The national average for regular gasoline reached $4.14 a gallon Thursday, up 4 cents from a week earlier, according to AAA data. Diesel averaged…
Layoffs across the U.S. fell last month to their lowest level in four years, new labor data shows, a sign the job market remains resilient even as hiring slows. Employers announced 52,881 job cuts in August, down 38% from the 85,979 layoffs announced during the same month a year ago, according to a report from…
Boston — A federal judge on Thursday pressed the Justice Department on the Trump administration’s plans to impose new regulations for mail voting just weeks before the November midterms and echoed concerns that the measures could result in the disenfranchisement of voters. Lawyers for the government and a group of Democratic-led states, joined by voting…
More than 75 million Americans rely on Social Security checks each month to help them get by. But sometimes recipients get a financially painful surprise: a notice from the Social Security Administration that their retirement or disability benefits were overpaid — often by thousands of dollars — and that they need to repay the money….
With the burgeoning El Niño now forecast to intensify significantly in the coming months, the “supersized” climate event will likely have an outsized impact on severe weather around the world, fueling heat, drought and flooding, among other extremes, the United Nations warned Thursday. “El Niño is being supersized before our eyes,” U.N. Secretary-General António Guterres said…
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…
Washington — Defense Secretary Pete Hegseth has told people close to him that Sean Parnell would be his top choice for secretary of the Army, several senior officials told CBS News. Parnell is currently chief Pentagon spokesperson and a former Army officer. A Defense Department spokesperson said: “The DOW [Department of War] doesn’t comment on…
