The rules for 401(k) and other retirement plans are to discourage people from accessing funds before retirement
: Be careful before acting on rumors about Nvidia or any other stock
Also, Airbnb’s trouble, rapid economic growth heading into the Fed’s policy meeting, a better way to explain 401(k) investing and Apple’s bad and good news.
: What is 401(k) Day? And what should you know about this retirement account?
At the end of Labor Day week, it’s time to retire — that’s what National 401(k) Day is all about.
: White House Situation Room gets renovated — here’s what a $50 million makeover looks like
A storied part of the White House complex — the Situation Room — has emerged from a $50 million makeover.
Key Words: Migrant crisis ‘will destroy’ New York City, says mayor Eric Adams
Officials say the number of migrants arriving in New York City since the spring of 2022 has topped 112,000.
Market Extra: Stock market’s 2023 run may hit roadblock after August’s energy-led boost to U.S. CPI
Inflation traders now foresee five straight months of 3%-plus annual headline CPI figures, including August’s.
: Regional banks may saddle themselves with $63B in fresh debt to meet regulatory requirements: report
Larger regional banks with $100B to $250B of assets facing new capital requirements may have to raise debt to follow proposed banking rules.
: Low water levels along Mississippi River again present an opportunity for railroads, says analyst
Drought conditions are again impacting Mississippi River water levels
Economic Report: U.S. economy seen growing at about a 2.2% annual rate in the July-September quarter, according to real-time New York Fed estimate
The U.S. economy is growing at a 2.3% annual rate in the July-September quarter, according to the New York Fed’s Nowcast estimate released Friday.
Key Words: The likelihood of a U.S. recession is actually rising, says former Goldman Sachs chief strategist Abby Joseph Cohen
While the recession is not the most likely scenario for now, the probability of recession has been on the rise in recent months, says former Goldman Sachs strategist Abby Joseph Cohen.
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