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A complete guide to 401(k) retirement plans: What is a 401(k)?
If you’re working and already saving for retirement or plan to start socking away money soon, investing in a 401(k) plan can help you build a sizable nest egg.
If you’re thinking about signing up for a 401(k), or simply want to know more about how to take full advantage of this type of retirement savings vehicle, here’s everything you ...Read more
If you lost your home or business in the wildfires, here's what to do next
With more than 1,100 structures already destroyed by three wildfires that continue to rage out of control around Los Angeles, homeowners and business owners face a long road ahead to recoup their losses.
Filing an insurance claim is one of the many tasks to take care of after the loss of a home or business. It is lengthy process that has become...Read more
CHS profits plummet alongside lower global fuel, grain prices
CHS was already feeling the squeeze of depressed grain prices amid bountiful worldwide harvests, and now its oil refining business is hurting from ample global production.
The Inver Grove Heights-based cooperative saw profits cut in half, to $244.8 million, for its first fiscal quarter that ended Nov. 30.
The company, which owns the Cenex ...Read more
Q&A: Canada energy minister warns Trump against an oil trade war
Donald Trump’s claim that the U.S. doesn’t need anything from Canada is “simply false,” said Jonathan Wilkinson, Canada’s energy minister and a potential candidate in the contest to replace Justin Trudeau as prime minister.
The U.S. doesn’t have easy alternatives to Canadian crude oil, uranium, potash and other critical minerals, ...Read more
Michael Hiltzik: Here's one key reform that can fix US health care
For more than 50 years, as the economics of American health care and health insurance have evolved, one theory has persisted, unchanged: To promote better and more efficient medical treatment, patients must have "skin in the game."
The idea is that requiring fees for doctor or hospital visits — through co-pays, deductibles and other forms of ...Read more
Biden to further limit Nvidia AI chip exports in final push
President Joe Biden’s administration plans one additional round of restrictions on the export of artificial intelligence chips from the likes of Nvidia Corp. just days before leaving office, a final push in his effort to keep advanced technologies out of the hands of China and Russia.
The U.S. wants to curb the sale of AI chips used in data ...Read more
US dockworkers, employers reach tentative deal to avert strike
A U.S. dockworkers union reached a tentative deal on a new labor contract with a group of ocean carriers and terminal operators that, if ratified would avoid a shutdown of East and Gulf coast ports next week.
“We are pleased to announce that ILA and USMX have reached a tentative agreement on a new six-year ILA-USMX Master Contract, subject ...Read more
Warner Bros. shakes up studio leadership amid film underperformance
The Warner Bros. film studio has shaken up its senior ranks after the under-performance of several movies last year, which has put pressure on the film team to increase its performance and profitability.
Veteran marketing chief Josh Goldstine and international film distribution head Andrew Cripps announced their exits internally Wednesday ...Read more
Internet calling: US government approves funding for smartphone broadband
Look up: Can you see the sky?
If so, chances are good you can connect to the internet with your smartphone without the worry of dead spots.
What’s new about that is that the federal government is now funding smartphone broadband access in remote areas as part of a $42.35 billion program to connect every American home and business with ...Read more
Mark Gongloff: California fires expose a $1 trillion hole in US home insurance
The wildfires terrorizing Los Angeles this week have been like something out of a movie: vast, fast-moving, unpredictable, merciless. Their scope and nature have surprised even fire-jaded California.
They are also evidence of the sort of consequences that can be expected as the planet continues to heat up, consequences for which traditional ...Read more
Global bond selloff leaves US Treasury yields flirting with 5%
The selloffs that keep flaring in the world’s bond markets are rapidly pushing yields toward key thresholds due to escalating worries about elevated inflation, tempestuous politics and swelling government debts.
In the U.S., the 10-year Treasury yield rose as high as 4.73% Wednesday, pushing it toward the 5% peak hit in October 2023, before ...Read more
Global bond selloff leaves US Treasury yields flirting with 5%
The selloffs that keep flaring in the world’s bond markets are rapidly pushing yields toward key thresholds on escalating worries about elevated inflation, tempestuous politics and swelling government debts.
In the U.S., the 10-year Treasury yield rose as high as 4.73% Wednesday, pushing it toward the 5% peak hit in October 2023, before ...Read more
As legal case takes shape, US Steel wary of activist investors, mill shutdowns
After a year spent tussling with its closest domestic rival, U.S. Steel may finally have the chance to publicly detail its frustrations with Cleveland-Cliffs, even as the Ohio steelmaker rejects allegations that it did anything inappropriate.
A lawsuit filed by the Pittsburgh steelmaker Monday in the U.S. District Court for the Western District...Read more
Meta is following X's playbook on fact-checking. Here's what it means for you
Facebook parent company Meta Platforms said Tuesday that it's ending a third-party fact-checking program in the United States, a controversial move that will change how the social media giant combats misinformation.
Instead, Meta said it would lean on its users to write "community notes" on potentially misleading posts. Meta's move toward crowd...Read more
Constellation Energy nears $30 billion deal for Calpine
Constellation Energy Corp. is nearing an acquisition of Calpine Corp., people familiar with the matter said, in what would be one of the biggest ever deals in the power generation sector.
Baltimore-based Constellation is in discussions with Calpine’s private equity owners about the terms of a transaction that could value the company at about ...Read more
Struggling REI cuts hundreds of employees, axes tour and events business
REI is eliminating its outdoor classes, events and tours this month as it looks to prune unprofitable parts of its business while struggling to break even.
The Issaquah-based co-op will lay off 180 full-time and 248 part-time employees with the move, according to an email from CEO Eric Artz sent to employees Wednesday. Sixty-seven Washington-...Read more
Keep yourself and your money safe from these four scams
The holiday season often includes gift-giving to loved ones and charitable causes, but authorities say the threat of scammers seeking to trick victims into giving them large sums of money and personal information persists year-round.
Here are some common scams and how to protect yourself from them:
'Pig butchering'
“Pig butchering” refers...Read more
Royal Caribbean faces more legal woes after former crew member spied on passengers
Royal Caribbean is facing more legal trouble after a former crew member admitted to spying on cruise passengers, including children, in their bathrooms and showers after planting small cameras in their cabins to record them in states of undress.
A dozen potential victims, represented by Coral Gables, Florida-headquartered Aronfeld Trial Lawyers...Read more
Bay Area innovator uses AI to tackle California students' declining math skills
As California students’ math and English test scores continue to trail pre-pandemic scores and students struggle to recover from COVID-19 learning loss, one Bay Area innovator has turned to artificial intelligence for a solution.
This year’s test scores data revealed that only about 35% of K-12 students in the state met or exceeded the ...Read more
Michael Hiltzik: The richest Americans finished paying their Social Security taxes last week. Most of us will pay all year
Here are some rough calculations of when some of America's richest individuals fulfilled their Social Security tax obligations for 2025: For Apple Chief Executive Tim Cook, it was at about 2 p.m. on New Year's Day. For McDonald's CEO Christopher Kempczinski, sometime on the morning of Jan. 3. For Elon Musk, it was sometime around 12:31 a.m. New ...Read more
Popular Stories
- Mark Gongloff: California fires expose a $1 trillion hole in US home insurance
- Warner Bros. shakes up studio leadership amid film underperformance
- Keep yourself and your money safe from these four scams
- Royal Caribbean faces more legal woes after former crew member spied on passengers
- Michael Hiltzik: The richest Americans finished paying their Social Security taxes last week. Most of us will pay all year