Around The World

05 Sep

Record numbers of retirement savers are now 401(k) or IRA millionaires

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Record numbers of retirement savers are now 401(k) or IRA millionaires The average 401(k) balance jumped 8% from a year earlier to $137,800, a record high, Fidelity found . The average individual retirement account balance rose 5% year over year to $131,366 . The number of IRA-created millionaires also increased by 16% to a record 501,481 . Read full story: Source

05 Sep

Salesforce slump deepens as stock drops nearly 5% on weak guidance

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Salesforce slump deepens as stock drops nearly 5% on weak guidance Salesforce's stock slumped nearly 5%, bringing its decline for 2025 to 27% . That's the worst performance in large-cap tech . Salesforce revenue increased 10% in the fiscal second quarter, cracking double-digit growth for the first time since 2024 . Read full story: Source

05 Sep

Pulte refuses to say where he got Lisa Cook mortgage fraud ‘tip’

MediaCatalystTechpolitics, Tech

Pulte refuses to say where he got Lisa Cook mortgage fraud ‘tip’ President Donald Trump's housing finance chief Bill Pulte says he won't explain where he got the "tip" that led him to accuse Federal Reserve Governor Lisa Cook of mortgage fraud . That refusal came after CNBC's Andrew Ross Sorkin pointed out that the targeting of Cook is creating the perception of "political weaponization" Read full story: Source

05 Sep

DC sues Trump administration over National Guard deployment

MediaCatalystPoliticspolitics

DC sues Trump administration over National Guard deployment Washington, D.C., sues President Donald Trump over deployment of National Guard troops to Washington . The move violates the Constitution and federal law, the city's attorney general says . The White House says the lawsuit is an attempt to "undermine" the president's efforts to combat crime . Read full story: Source

05 Sep

Paramount mandates 5-day-a-week return to office ahead of major cost cuts

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Paramount mandates 5-day-a-week return to office ahead of major cost cuts Employees will have to work five days a week starting Jan. 5, 2026 . A similar plan will be offered in 2026 for those who work outside of Los Angeles and New York . The move is part of a plan to cut costs by $2 billion . Read full story: Source

05 Sep

Labor market growth slows dramatically in August with U.S. adding just 54,000 jobs, ADP says

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Labor market growth slows dramatically in August with U.S. adding just 54,000 jobs, ADP says Private-sector hiring in the U.S. shrank by 54,000 in August, according to data from processing firm ADP . That's below the consensus forecast of 75,000 from economists polled by Dow Jones . Trade, transportation and utilities lost 17,000 jobs on net in August . The leisure and hospitality industry added 50,000 new jobs in the month . Read full story: Source

05 Sep

Ex-Salesforce co-CEO Bret Taylor’s Sierra is the latest $10 billion AI startup

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Ex-Salesforce co-CEO Bret Taylor's Sierra is the latest $10 billion AI startup Bret Taylor's artificial intelligence startup Sierra has raised $350 million in new capital . Taylor is the chairman of OpenAI's board, and previously served as co-CEO of Salesforce alongside Marc Benioff . Read full story: Source

05 Sep

Musk will not attend Trump tech CEO dinner at White House

MediaCatalystBusinessBusiness, politics, Tech

Musk will not attend Trump tech CEO dinner at White House President Donald Trump will host two dozen high-profile tech and business leaders for an inaugural event in the White House's renovated Rose Garden on Thursday . Invitees include Meta founder Mark Zuckerberg, Apple CEO Tim Cook, Microsoft founder Bill Gates and OpenAI founder Sam Altman . Elon Musk, who previously served as a special government employee, posted on X that he was invited but could not attend . Read full story: Source

05 Sep

New York AG appeals reversal of Trump’s $500 million fraud penalty

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New York AG appeals reversal of Trump's $500 million fraud penalty Trump was ordered to pay $354.9 million and barred from doing business in New York State for three years . New York Attorney General Letitia James appealed a court's decision to toss out a $500 million penalty on Trump and his company in connection with business fraud . Read full story: Source

05 Sep

As consumers rush to get EVs, Ford sees a bright spot with a big, gas-powered SUV

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As consumers rush to get EVs, Ford sees a bright spot with a big, gas-powered SUV Ford sold 8,724 Expeditions in August, up 53.7% from the same time last year . It's sold 61,022 of the vehicles so far this year, a 13.1% increase from 2024 . In total, the company's August sales were up 3.9% . Read full story: Source