US Politics & Business News
Millions of Americans approaching retirement age find themselves in precarious financial positions, with little saved and mounting debt still to pay off. One 60-year-old restaurant server recently wrote to MarketWatch’s Moneyist column, Quentin Fottrell, describing a situation many working-class Americans quietly share. The server has just $2,000 in a Roth IRA, carries $4,400 in credit-card…
The 2026 Social Security and Medicare Trustees Reports reveal both programs are hurtling toward insolvency at a pace not seen in decades, threatening tens of millions of Americans. Social Security’s Old-Age and Survivors Insurance trust fund is now projected to run dry in 2032, when today’s youngest retirees will be just 68 years old. At…
Vanguard’s annual How America Saves 2026 report reveals that American workers’ retirement account balances climbed to unprecedented levels last year. The average 401(k) balance among Vanguard participants reached $167,970 in 2025, nearly $20,000 higher than the 2024 average of $148,153. The median account balance also rose meaningfully, climbing from $38,176 in 2024 to $44,115 in…
Early signs of reopening in the Strait of Hormuz have eased the most acute threat to global energy markets, but months of economic pain remain ahead. The U.S. and Iran signed a memorandum to open the strait, ending a war that has upended global energy supply chains, pushed inflation higher, and weakened the outlook for…
Nevada’s workforce expanded 1.9% from April 2025 to 2026, outpacing every other state at a time when the national rate grew just 0.2%. That growth is striking given Nevada represents roughly 1% of the U.S. population, yet accounted for about 12% of all new jobs created nationally over those 12 months. Economic leaders say the…
When people think about fire safety, they often picture sprinkler systems, smoke detectors, alarms, and emergency exits. While these systems play a critical role in protecting lives and property, they are only part of a broader fire prevention strategy. What happens when those systems are temporarily unavailable, under maintenance, or not yet operational? In such…
The United States and Iran signed a landmark memorandum of understanding on Thursday, ending three and a half months of conflict that disrupted global energy markets. The agreement followed weeks of fighting that shut down the Strait of Hormuz, one of the world’s most critical chokepoints for oil and shipping traffic. President Donald Trump, speaking…
The Bank of England held its benchmark interest rate steady at 3.75% on Thursday, continuing to balance above-target inflation against weak economic output. Seven of nine Monetary Policy Committee members backed the hold at the BOE’s May meeting, in line with expectations from economists polled by Reuters. The two dissenting votes came from BOE chief…
At least three Iranian tankers carrying nearly five million barrels of crude oil have exited the U.S. Navy blockade in the Strait of Hormuz for the first time in two months. The breakthrough comes as shipowners cautiously reposition their fleets ahead of a formal U.S.-Iran deal signing scheduled for Friday in Geneva. Two supertankers named…
At his first Federal Open Market Committee meeting, Fed Chairman Kevin Warsh kept interest rates steady while delivering several surprises that rattled financial markets. The committee voted unanimously to hold the benchmark federal funds rate in a target range of 3.5% to 3.75%, with no apparent dissents recorded during the session. Despite the hold, the…