A federal judge has dismissed—for the second time—a lawsuit against Bechtel Global that alleged the $5.7 billion plan’s default managed account investment led to excessive fees and subpar returns, arguing that a target-date fund would have been a better alternative.
The relentless rise in government bond yields in the United States and around the world may represent the “new normal” for both investors and companies.
While the easing is welcome after months of elevated readings, a series of subdued readings would be needed to convince Fed officials that they are again making adequate progress on inflation.
A federal judge in Texas ruled that the company violated its ERISA duties by not focusing “on the best financial benefit” for its 401(k) plan—the biggest victory yet in a case involving ESG investing.
Even as short-term interest rates fall, long-term rates are rising globally due to uncertainty around Trump’s tariff threats, according to the IMF managing director.
“Issuers are taking advantage of calm markets, low volatility, and tight spreads before Trump’s tariffs might spoil the party. ... For a record amount of issuance, there must also be a large amount of investors ready to put money at work. This is indeed the case.”
At the FOMC’s December meeting, “some participants stated that there was merit in keeping the target range for the federal funds rate unchanged,” minutes show.