Business

More than four million children have been enrolled in newly created Trump Accounts, the Internal Revenue Service (IRS) said Tuesday, marking a major rollout of the administration’s savings initiative.Additionally, the IRS said more than one million children are covered by elections for the $1,000 Trump Accounts pilot program contribution.Trump Accounts were created under the "One Big Beautiful Bill Act" last year, and contributions can begin July 4, 2026."The IRS has […]

German automaker Mercedes-Benz said on Tuesday it will invest $4 billion at its Alabama plant through 2030 to boost SUV production as it seeks to address significant U.S. auto tariffs.In total, luxury automaker Mercedes-Benz said it plans to invest more than $7 billion in U.S. operations in the coming years. The company is moving up to 500 jobs from various locations across the country into a new, state-of-the-art research and development […]

Virgin Galactic is reopening sales of its commercial spaceflights on a limited basis – though ticket prices have risen from the company's previous rate.The company made the announcement alongside its financial results for the fourth quarter and full year 2025, signaling that work on its fleet of SpaceShips is progressing to allow for commercial spaceflights to resume."We completed pivotal milestones during the first quarter of 2026, and with assembly of our […]

Three women are facing criminal charges after authorities said they refused to pay an extra carry-on bag fee, triggering a confrontation that delayed a Frontier Airlines flight at Miami International Airport.Nafisa Dockery, 30, Dionjana Cochran, 21, and Davana Cochran, 26, were each charged with trespassing after warning and resisting an officer without violence, according to arrest reports. Dockery also faces an additional battery charge.The incident delayed a Philadelphia-bound flight by […]

Oracle on Tuesday reportedly began notifying employees that it is moving forward with a round of layoffs as the company looks to reduce costs.The number of layoffs in the thousands, according to a report by CNBC that cited two people familiar with the matter.Oracle has recently ramped up capital spending to build artificial intelligence (AI) data centers as the company looks to incorporate those tools into its business software services.The company's stock […]

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. […]