Finance
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2026-04-10 12:01:20.496 • by
Alice Ibarra
The U.S. Postal Service has temporarily suspended its employer contributions to federal employee retirement annuities (FERS) to address a severe liquidity crisis, ensuring it can continue payroll, pay suppliers, and deliver mail. While employee contributions, TSP, and Social Security payments will continue, and current/future retirees are not immediately impacted, the move highlights the USPS's dire financial state, exacerbated by declining mail volume and legislative constraints.
2026-04-10 06:01:38.963 • by
Aaron Irving
The U.S. Postal Service (USPS) has temporarily suspended employer contributions to federal retirement annuities to maintain liquidity, ensure payroll, and continue mail delivery amidst a severe financial crisis. While retirees are not immediately impacted, the move highlights deep-seated financial woes and calls for urgent congressional action on legislative reforms and borrowing limits.
2026-04-01 06:02:52.56 • by
Aaron Irving
Asian shares experienced a sharp rise Wednesday, mirroring a strong performance in U.S. markets, fueled by renewed hopes for a swift conclusion to the Iran war following President Trump's recent statements.
2026-03-10 18:00:59.873 • by
Abigail Isaacson
The U.S. stock market is holding steady amid extreme volatility in oil prices, driven by conflicting signals on the potential end of the Middle East war. Oil prices plunged after initial comments from President Trump suggested the conflict was resolving, but subsequent less clear statements and renewed attacks by Iran have reintroduced uncertainty, keeping Wall Street on edge about the war's duration and its impact on global oil supply via the Strait of Hormuz.
2026-03-05 18:01:11.311 • by
Arturo Iglesias
Morgan Stanley is laying off approximately 2,500 employees, contributing to tens of thousands of job cuts already seen in the financial sector this year, with other major firms like Citigroup and Block also reducing their workforces.
2026-02-21 06:01:30.14 • by
Alan Iverson
The Supreme Court struck down President Trump's sweeping tariffs, leading to a calm but positive reaction on Wall Street as stocks ticked higher. However, Trump quickly vowed to implement new tariffs through alternative methods, keeping the trade landscape uncertain. Meanwhile, mixed economic reports and company-specific news also influenced market movements.
2026-02-19 06:01:14.445 • by
Abigail Isaacson
The U.S. stock market rose, led by Nvidia's 1.6% climb after Meta Platforms announced a major partnership for AI chips, highlighting AI's market influence despite investor worries about high spending and industry disruption.
2026-02-13 12:01:32.742 • by
Amanda Ireland
JPMorgan Chase CEO Jamie Dimon's sworn testimony of ignorance regarding Jeffrey Epstein until 2019 is challenged by extensive evidence, including thousands of suspicious transactions and direct involvement of senior bank executives, threatening his long-held reputation as a banking icon.
2026-02-06 12:01:16.507 • by
Arturo Iglesias
Global stock markets were mixed, with Wall Street extending losses due to a tech stock sell-off fueled by AI investment concerns. Bitcoin stabilized after a plunge, while Asian markets mostly declined, except for Tokyo, and commodity prices showed volatility.
2026-01-28 18:00:58.121 • by
Alan Iverson
The Trump administration is launching 'Trump Accounts,' a program providing a $1,000 investment for newborns born between 2025-2028, accessible at age 18 for specific uses like education or home down payments. The initiative also allows for additional contributions from parents and philanthropic organizations, aiming to boost wealth building, though critics raise concerns about its impact on the wealth gap and support for immediate needs.
