Part-time state workers could soon be allowed to participate in the state’s 401(k) retirement savings plan, under a bill that passed the state Legislature on Tuesday. The House Pensions and Retirement Committee approved three bills that make a wide range of changes to state pension law. Many were minor or technical changes, but some could … Read more
Ranchi: Dinesh Korwa, 32, a resident of Bargarh block of Garhwa district had left for Kerala two years ago, leaving behind his family and elderly father. The family had struggled with recurring droughts and were left in a hand-to-mouth situation, forcing Dinesh to seek greener pastures in an effort to earn and feed his loved … Read more
The Marriner S. Eccles Federal Reserve Building during a renovation in Washington, DC, US, Tuesday, Oct. 24, 2023. Valerie Plesch Bloomberg | Getty Images Federal Reserve officials appear to have “no idea” what’s going on when it comes to the US inflation outlook, according to Julian Howard, chief investment officer for multi-asset solutions at GAM. … Read more
Here are the most important news investors should start their trading day: 1. Data keeps circulating Shares rose on Tuesday S&P 500 AND Nasdaq Composite closed with new records, again. The broad index rose 0.25% while the Nasdaq rose 0.22% and the Dow climbed 0.17%. Investors are eagerly awaiting Nvidia’s earnings report on Wednesday. “People … Read more
Some young retirement savers say they can raid their 401(k) accounts to buy a home. However, this could be to their detriment, experts warn. Nearly a third (30%) of aspiring homeowners say they plan to withdraw funds from their 401(k) plan to finance a purchase, according to the Real Financial Progress Index from BMO Financial … Read more
Colorado has passed legislation to regulate artificial intelligence, adding requirements to avoid discrimination. The new law, SB 205, takes effect in 2026. We have collected news articles from SHRM Online and other shops. Targeted “high-risk” AI systems The law adds requirements for developers of “high-risk” AI systems to “use reasonable care to avoid algorithmic discrimination.” … Read more
A closely watched economist is warning that a major economic event last seen nearly a century ago is likely to rear its ugly head in 2025. Henrik Zeberg tells his 140,700 followers on social media platform X that he sees risk assets such as stocks and cryptocurrencies going higher in the coming months. However, the … Read more
(Bloomberg) — New York’s $86 billion civil employee pension fund is investing in a not-for-profit partnership that took over loans for properties linked to rent-controlled, rent-stabilized apartment buildings from failed Signature Bank. Most Read by Bloomberg The New York City Employees Retirement System, or NYCERS, will invest up to $60 million in a partnership, led … Read more
Marks & Spencer shares rise as the British retailer posts a 58% annual profit rise. Shares in Marks & Spencer rose on Wednesday, hitting levels last seen in early 2018, according to LSEG data. The company’s shares were last up 7.3% at 10:59 a.m. London time. Stock chart iconStock chart icon Marks and Spencer The … Read more
(Bloomberg) — Japan’s 10-year sovereign bond yield hit the key psychological level of 1% for the first time since the Bank of Japan ramped up unprecedented stimulus in 2013. Most Read by Bloomberg The focus now turns to how soon super-easy monetary policy will return and how much further yields can rise. Yields on 20- … Read more