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…
Washington — The House censured Rep. Chuck Edwards on Tuesday after a House Ethics Committee investigation found the North Carolina Republican engaged in “persistent unprofessional and inappropriate conduct” toward two young women who worked for him. The House approved Edwards’ punishment — standing in the chamber as the resolution condemning his conduct was read aloud…
Washington — The House returns Monday from its five-week recess, with approving a short-term funding bill to head off a government shutdown topping its to-do list. Funding is set to lapse Sept. 30 without a deal, and lawmakers are planning to take another weeklong break for Labor Day. In July, the House passed a GOP-led…
The Personal Consumption Expenditures index — the Federal Reserve’s preferred inflation measure — held at a 3.7% annual pace in July, slightly higher than forecasted and reflecting persistent cost pressures for consumers. Economists polled by FactSet had predicted a 3.6% annual increase. Wednesday’s report instead showed that inflation remained unchanged from June. PCE tracks changes…
This week on “Face the Nation with Margaret Brennan,” Minneapolis Fed President and CEO Neel Kashkari joins to discuss the U.S. debt hitting a record $40 trillion amid persistent inflation and market uncertainty. Plus, Rep. Byron Donalds joins fresh off his primary victory, and Massachusetts Democrat Rep. Seth Moulton discusses his primary challenge to a…
On this “Face the Nation with Margaret Brennan” broadcast, moderated by Margaret Brennan: Neel Kashkari, Minneapolis Fed president and CEO Dr. Mehmet Oz, Centers for Medicare & Medicaid Services administrator Dr. Scott Gottlieb, former FDA commissioner Rep. Byron Donalds, Republican of Florida and candidate for governor Rep. Seth Moulton, Democrat of Massachusetts and…
This week on “Face the Nation with Margaret Brennan,” Minneapolis Fed President and CEO Neel Kashkari joins to discuss the U.S. debt hitting a record $40 trillion amid persistent inflation and market uncertainty. Plus, Rep. Byron Donalds joins fresh off his primary victory, and Massachusetts Democrat Rep. Seth Moulton discusses his primary challenge to a…
When a heat dome descended on Minnesota in mid-July, Duluth-based Canal Park Brewing Company had its air conditioning blasting. Then it cut out. Faced with sweltering conditions, the business was forced to close for the day and halt outdoor patio service for three days to protect its servers from the soaring mercury. “Where we are…
Flooding submerged Indiana neighborhoods in water for the second day in a row, as parts of the state saw Wednesday the highest daily rainfall totals ever recorded in their areas. Some braced for more severe weather still ahead, as meteorologists warned Thursday that Indianapolis faced the greatest threats of storms slated to bring heavy rain…
North Carolina Republicans on Tuesday chose state Rep. Jennifer Balkcom to replace Rep. Chuck Edwards on the ballot in November. Edwards dropped his reelection bid last week when the House Ethics Committee recommended censure. Balkcom will face Democrat Jamie Ager in the fall. Ager won the primary in March, and although the district has not elected…
