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Imposter scams cost older adults $700 million in 2024, FTC finds: Some victims are ‘clearing out’ their 401(k)s
Americans age 60 and older are increasingly reporting being victims of imposter scams, sometimes losing their life savings.Read More...
Trump to nominate Stephen Miran to be new Fed governor, replacing Kugler
Trump on Thursday announced he has selected Stephen Miran, chair of the Council of Economic Advisors, to serve on the central bank.Read More...
Prediction markets have a new favorite for the next Fed chair — Christopher Waller
Waller's chance on Kalshi has exceeded the previous front-runners, former Fed official Kevin Warsh and current National Economic Council Director Kevin Hassett.Read More...
Trump order will allow alternative assets like cryptocurrencies, private equity in 401(k)s
The executive order will direct the U.S. Secretary of Labor to review fiduciary guidance on private market investments in 401(k) and other defined-contribution plans that are governed by ERISA.Read More...
Trump faces a variety of choices as he seeks to fill Fed vacancies
Fed Governor Adriana Kugler's surprise resignation last week brought back a scenario that seemed to be fading.Read More...
Opendoor tanks after earnings as CEO thanks new investors for ‘increased visibility’
Opendoor shares soared 245% in July and got off to a hot start in August as retail investors poured into the online real estate company.Read More...
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