A new entrant to the world of 401(k) lawsuits is trying what appears to be a novel tactic: Contacting plan sponsors out of the blue and implying that they should settle. That’s before the hint of any lawsuit or request for information about the plan that would lead to a...
The SEC voted Wednesday to expand the scope of a rule meant to ensure investment funds’ portfolios match the strategies suggested by their names, but the changes aren’t as restrictive about the use of environmental, social and governance factors as those the agency initially proposed. The Securities and Exchange Commission...
Investors may not want to bet heavily on an autumn stock surge as the fuel behind this year’s rally runs low, said Lisa Shalett, chief investment officer for wealth management at Morgan Stanley. The S&P 500 Index has jumped more than 16% so far in 2023, a refreshing turnaround for...
RBC Wealth Management has recruited a financial advisor who oversaw $435 million in client assets at UBS, the firm announced Wednesday. Brian Wells will join the firm’s Marin County, California, office as managing director and financial advisor. He’s joined in the move by an investment associate, Stephanie Neri. While Wells...
Covid-19 home test kits are pictured in a store window during the Covid-19 pandemic in the Manhattan borough of New York City, Jan. 19, 2022.Carlo Allegri | ReutersThe Biden administration on Wednesday said it will resume offering free at-home Covid tests to American households on Monday as the virus...
Shoes are offered for sale at an Adidas store in Chicago, Feb. 10, 2023.Scott Olson | Getty ImagesIn a conversation on philanthropist Nicolai Tangen's podcast "In Good Company," Gulden was asked about the retailer's partnership with Ye and how its Yeezy collaboration fell apart. "He did some statements, which wasn't...
United Auto Workers members on a picket line outside the Stellantis NV Toledo Assembly Complex in Toledo, Ohio, on Sept. 18, 2023.Emily Elconin | Bloomberg | Getty ImagesGeneral Motors and Stellantis said they have laid off additional workers because of consequences related to the United Auto Workers strike.GM said...
Budweiser Clydesdales handler walks several Clydesdales poor to bathing the horses at Houston Polo Club before this weeks Clydesdale appearances Monday, March 31, 2014, in Houston.James Nielsen | Houston Chronicle via Getty ImagesAnheuser-Busch InBev said it will no longer cut the tails of the iconic Clydesdale horses used in...
The Federal Reserve left its benchmark interest rate unchanged while signaling borrowing costs will likely stay higher for longer after one more hike this year. The central bank’s policy-setting Federal Open Market Committee, in a post-meeting statement released Wednesday, repeated language saying officials will determine the “extent of additional policy...