US Politics & Business News
The U.S. has issued its most sweeping rollback of Iran oil sanctions since the 1979 Islamic Revolution, allowing dollar-denominated crude trade for the first time in over four decades. The U.S. Treasury issued a wide-ranging 60-day exemption on Monday permitting Iran to produce and sell crude oil, petrochemical, and petroleum products in U.S. dollars through…
Artificial intelligence is reshaping the competitive landscape across Big Tech, and a clear divide is emerging between companies that monetize AI now and those still building toward an uncertain future. On one side sit firms generating real, measurable revenue from AI deployments already embedded into their core products and cloud services at commercial scale. On…
The 21st Century ROAD to Housing Act cleared the House in a sweeping 396-13 vote, advancing what could become the biggest housing legislation in more than 30 years. The bill passed with strong bipartisan support after clearing the Senate in March, and the Senate is expected to hold a final passage vote before the House…
Alphabet (GOOGL) has shed approximately $269 billion in market capitalization in under five weeks, alarming investors who fear the company is losing ground in the intensifying war for AI talent. The stock hit an all-time high of $408.61 on May 18, 2026, but by the morning of June 22, GOOGL was trading around $361.99, representing…
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…
A 73-year-old California retiree is living entirely off dividend income from a large-cap U.S. stock portfolio and wants to know how to build in greater financial security. The reader, a single filer, says their house is paid off and they maintain one full year of cash expenses set aside as an emergency fund. Writing to…
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…
A new study from Corebridge Financial reveals that a surprising majority of retirees are actually growing their nest eggs rather than drawing them down. According to the research, 60% of already-retired participants had more money saved now than when they first entered retirement, while 14% had about the same amount. Only about a quarter of…
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…
When a parent dies, the division of assets can quickly become a source of tension among surviving family members, particularly when some assets fall outside the estate. A reader recently wrote to MarketWatch’s Moneyist columnist Quentin Fottrell with a question that many families face after losing a loved one. The reader explained that their grandmother…