A gauge of sentiment about current economic conditions dropped nearly 10 points, while a measure of expectations for the next six months declined to a lesser extent.
The banking giant has been hit with a class-action lawsuit alleging it used retirement plan contributions from departing employees to “offset its employer contributions” rather than reducing plan administrative fees, violating ERISA.
Walmart is receiving widespread pushback from attorneys general in 13 states, in addition to more than 30 shareholders representing $266 billion in assets.
As she exited the job, Treasury Secretary Yellen urged Congress to increase or suspend the debt ceiling—and detailed actions Treasury is taking, starting today, to keep the nation solvent.
The tech giants join a growing list of employers, including Walmart and McDonald’s, that are re-evaluating their diversity, equity, and inclusion policies, while Costco and Apple are doubling down on DEI.
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.
