Retirement savings hovered at record highs in the second quarter, pushing the number of 401(k) millionaires to a record as investors focused on their long-term goals despite persistent anxiety about the broader economy, Fidelity Investments said Thursday.
When he announced Australia’s National AI Plan and associated measures last month, Prime Minister Anthony Albanese promised a “world-leading” national framework that is intended to attract AI investment and impose guardrails on data centers, public‑sector use of AI, and copyright use for training foundation models. He also talked of his aspiration to make Australia a…
Sarah Michelle Gellar and Freddie Prinze Jr. have trimmed the asking price of their stunning California mansion by $700,000—just three months after listing the dwelling.
Stocks were choppy early on Tuesday, but falling oil prices and a round of well-received corporate earnings helped the Dow Jones Industrial Average and S&P 500 climb higher into the close. The Nasdaq Composite, however, couldn’t sidestep an extended slump in chip stocks. At the close, the tech-heavy Nasdaq Composite was 0.2% lower at 24,876,…
France’s compromised public finances might not be quite as bad as those of the United States and Japan. However, there are two reasons to think that France could experience a sovereign debt crisis before those two other countries. The first is that France is scheduled to have a presidential election next April that could materially…
To put it mildly, opinions varied on whether the Biden administration’s student loan policies—namely its repeated extensions of the COVID-era payment moratorium and attempt at mass loan forgiveness—were good ideas. But new evidence suggests that the uncertainty that these policies created for borrowers was harmful in and of itself. The expectation of future extensions of…
The US government has recently enacted the largest shift in immigration policy since 1924. As officials restrict unauthorized immigration, they face a stark choice: create offsetting lawful channels for immigrants or shut the door to lawful immigrants as well. So far, Trump administration officials have chosen maximalist restrictions on lawful immigration. They have cut, penalized,…
