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…
SpaceX on Tuesday reported a second-quarter loss of $541 million on revenue of $7.8 billion in its first earnings report as a publicly traded company, offering a window into its performance after executing the biggest ever initial public offering in June. Elon Musk’s rocket, satellite and AI provider was forecast to report revenue of $6.8 billion…
JPMorgan Chase said on Monday it will invest $750 billion through 2035 to boost the U.S. housing supply, including financing for 1 million affordable housing units and assisting 500,000 people in buying homes. The investment is part of JPMorgan Chase’s American Dream Initiative, announced in March to boost economic mobility at a time when many…
With health insurance companies frequently denying coverage for medically-requested procedures, 73 percent of Americans surveyed say healthcare delays and denials are a major problem. Now, a company called Sheer Health says they will fight insurance battles on behalf of their clients. Correspondent Susan Spencer looks at how a form of insurance against health care denials…
The Emmy Award-winning “CBS News Sunday Morning” is broadcast on CBS Sundays beginning at 9:00 a.m. ET. “Sunday Morning” also streams on the CBS News app beginning at 11:00 a.m. ET. (Download it here.) This week we present a rebroadcast of “The Money Issue,” our annual special broadcast hosted by Jane Pauley dedicated to the many ways…
President Trump gave his 2026 State of the Union address on Tuesday evening, during which he addressed, among other topics, the economy — an urgent topic of concern for millions of Americans who say they’re worried about everything from the price of food to spiraling health care costs. The president touted his work during his…
Thirty percent of Americans say they’ve shoplifted this year, up from 24% in 2024, with many citing financial strain tied to inflation, according to new research from financial site LendingTree. About 90% of those who admitted to shoplifting cited affordability concerns and the broader economy as among the drivers of their thefts, according to the LendingTree…
Gas prices hit $4 a gallon again as the U.S. and Iran launched more attacks. The national average for a gallon of gas reached $4.003 on Monday, marking the first time in over a month it has crossed that threshold, according to AAA data. The price represents a national average, meaning drivers in some states…
