Business

A proposed Department of Labor rule could significantly expand what Americans are able to hold inside their retirement accounts, potentially opening the door to assets like cryptocurrency, real estate and private markets.BlackRock Global Head of Retirement Solutions Nick Nefouse described the rule as "a huge step forward for the 401(k) market" while discussing what the change could mean for everyday investors during his appearance on "Varney & Co." Tuesday."The proposed […]

The Trump administration on Monday issued a proposed rule to allow retirement plans to offer alternative assets like private equity and cryptocurrencies as part of the investment options in 401(k) accounts.The Labor Department's rule aims to ease longstanding barriers to incorporating alternative assets into retirement plans and follows an executive order signed by President Donald Trump last summer on the subject.Advocates for the rule change argue that including alternative assets in 401(k) […]

A Delta Air Lines flight bound for Atlanta returned to São Paulo, Brazil, shortly after takeoff Sunday night following an engine issue, according to the airline and local reports.Delta Flight 104, operated on an Airbus A330-300, experienced a mechanical issue with its left engine after departing São Paulo International Airport, the company said.The aircraft, carrying 272 passengers and 14 crew members, landed safely and was met by airport rescue and […]

Despite a 50% spike in oil prices and an escalating conflict involving Iran, Wells Fargo CEO Charlie Scharf reports a disconnect between market volatility and real-world economic health."So, separate out the pure economy from markets and what people are nervous about in terms of what the future holds. The economy is still extremely strong. When we look at it, consumers are still spending, even with the increases in oil prices. […]

JPMorgan Chase CEO Jamie Dimon is calling for a decisive end to the conflict with Iran, saying the U.S. must "finish this thing" to protect the global economy and remove the threat to the region.Dimon appeared on "Fox & Friends" Tuesday, saying American strength depends on decisive action in the Middle East and embracing the artificial intelligence revolution."It’s much more important that this be successfully completed than what the market […]

Nearly 150 cases of an Einstein Bros. Bagels' cream cheese flavor have been recalled over the potential presence of undeclared almonds that could pose a life-threatening allergic reaction risk for people with almond allergies.Wisconsin-based Schreiber Foods issued a voluntary recall last week of cases of Einstein's Honey Almond Cream Cheese Spread that were mistakenly identified on the cup as Plain, according to the Food and Drug Administration."People who have an […]

Sony Group is raising global prices of its PlayStation 5 consoles, including a $100 increase in the U.S., marking its second hike in less than a year as the Japanese firm grapples with rising costs of key components such as memory chips.The tech industry's race to build out artificial intelligence (AI) infrastructure has pushed chipmakers to favor higher-margin data-center chips, tightening supply for consumer devices. ‌The updated U.S. prices, effective […]

Delta Airlines CEO Ed Bastian ripped Congress for creating a "mess" as lawmakers continue to stall on funding the Department of Homeland Security.In an exclusive sit-down with "The Claman Countdown" on Monday, Bastian pointed fingers at Congress for leaving travelers with hours-long security wait times and TSA agents unpaid for more than a month."We are beyond frustrated at the lack of leadership that's coming out of Congress," the Delta CEO […]

Federal Reserve Chair Jerome Powell said that the U.S. economy is facing a supply shock from the disruption of Middle East oil supplies after previous shocks like the COVID-19 pandemic and tariffs pushed prices higher.Powell spoke to an economics class at Harvard University on Monday and said that the series of supply shocks has kept inflation elevated above the central bank's 2% long-run target despite progress in slowing the pace of price […]