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401(k) giant to allow private markets investments in its retirement portfolios

Business

401(k) giant to allow private markets investments in its retirement portfolios

More retirement savers are about to see private markets investments in their portfolios.The 401(k) giant Empower will start allowing private credit, equity and real estate in some of the accounts it administers later this year. The firm announced Wednesday that it has joined with seven firms to offer these investments, including Apollo Global Management and Partners Group.Wall Street firms have been pushing to get private investments into the hands of […]

todayMay 14, 2025 3

To win the AI race, US needs more than brainpower to beat China: study

Business

To win the AI race, US needs more than brainpower to beat China: study

The U.S.’ artificial intelligence boom and collective need to beat China will not only take the best and brightest minds, but an even more powerful and reliable energy grid free of political posturing.That’s the view from Power the Future and its founder, Daniel Turner, who will publish a thoroughly researched whitepaper on the matter and share his findings with the Trump administration and other stakeholders."We keep making this comparison to […]

todayMay 14, 2025 4

Menendez brothers resentencing: Timeline of killers’ fight over freedom in parents’ murders

Top Stories

Menendez brothers resentencing: Timeline of killers’ fight over freedom in parents’ murders

After the bombshell Tuesday news that convicted killers Erik and Lyle Mendendez have been resentenced to 50 years to life in prison with the possibility of parole, the future for the brothers still remains uncertain. The pair, who admitted to killing their parents, Mary "Kitty" and Jose Menendez, in a bloody 1989 shotgun massacre inside their Beverly Hills home, maintained that their actions were self-defense stemming from a lifetime of physical […]

todayMay 14, 2025 2

Waymo recalls 1,200 driverless vehicles for software update

Business

Waymo recalls 1,200 driverless vehicles for software update

Waymo recalled roughly 1,200 driverless vehicles due to software issues detecting and responding to chains, gates and other similar roadway barriers.The autonomous driving company has already put out updated software for the automated driving systems (ADS) in the recalled 1,212 driverless Waymo vehicles to remedy the problem, all of which received the update by Dec. 26, according to a recall report submitted Monday to the National Highway Traffic Safety Administration […]

todayMay 14, 2025 3

AI chipmaker AMD unveils $6B buyback plan

Business

AI chipmaker AMD unveils $6B buyback plan

Advanced Micro Devices on Wednesday announced a new $6 billion stock buyback plan, joining a string of chipmakers that are looking to reduce their float as the AI trade that has powered their shares shows some signs of slowing.Shares of the Santa Clara, California-based company rose as much as 6.4%. Its shares have fallen more than 6% so far this year, compared with a less than 1% drop for the […]

todayMay 14, 2025 4

Republicans say they’re ‘out of the loop’ on Trump’s $400M Qatari plane deal

Politics

Republicans say they’re ‘out of the loop’ on Trump’s $400M Qatari plane deal

While Democrats have largely ridiculed President Donald Trump's decision to accept a $400 million jet from the Qatari royal family on behalf of the U.S. government, Republicans have raised national security concerns and admitted they have not been briefed on the details of the deal.Fox News Digital asked Senate Republicans for their reaction to Trump deciding to accept the luxury Boeing jet from Qatar. While Trump continues his diplomatic trip […]

todayMay 14, 2025 1

Swalwell warns Noem he has ‘bulls— detector’ during heated exchange about Abrego Garcia

Politics

Swalwell warns Noem he has ‘bulls— detector’ during heated exchange about Abrego Garcia

Democratic California Rep. Eric Swalwell warned Secretary of Homeland Security Kristi Noem that he has a "bullsh--- detector" during a heated exchange about a photo of Kilmar Abrego Garcia, an El Salvadoran citizen who the Trump administration deported.Swalwell was grilling Noem about a photo of Abrego Garcia’s hand that shows alleged MS-13 tattoos during a Homeland Security budget hearing in Washington, D.C., on Wednesday."I want you to have credibility and […]

todayMay 14, 2025 3

Duffy clashes with Democrats over DEI funding cuts, denies air traffic controllers let go

Politics

Duffy clashes with Democrats over DEI funding cuts, denies air traffic controllers let go

Transportation Secretary Sean Duffy sparred with Democrats at a House Appropriations Subcommittee hearing on Wednesday, slamming Biden-era climate and social justice projects while also pushing back against claims 400 air traffic controllers have been let go.Duffy said such initiatives sucked money from other projects, and he pointed to the 2023 Harvard Supreme Court decision that effectively ended affirmative action in college admissions as justification for scrapping them. He said such […]

todayMay 14, 2025 1

Travel experts break down the top credit cards to maximize summer vacation savings

Business

Travel experts break down the top credit cards to maximize summer vacation savings

The busy summer travel season will soon get underway at a time when consumer wallets continue to be stretched. Spending on the right credit card, though, could enable people to stretch their budgets by helping them earn deep discounts and valuable perks. Several travel experts told FOX Business that the "best travel credit card" doesn't exist, but rather depends on someone's travel style and home airport. There are a number of […]

todayMay 14, 2025 3