Americans’ retirement accounts just reached a record high. The timing matters because a few months ago, they were heading in the opposite direction. Average 401(k) balances hit $155,800 in the second quarter of 2026, an all-time high and the largest quarterly jump since the fourth quarter of 2020, according to Fidelity’s Q2 report. That is
Earlier this year, a fear psychosis had gripped investors that advances in AI would replace software firms, and the sector was all but written off. Anthropic’s launch of new plugins for its Claude Cowork system in February sparked a global selloff in software firms, with the US markets alone losing $300 billion in market value
As part of the carrier’s efforts to reach more high-fare travelers with its new Flagship Suite business class, American Airlines is retrofitting 67 Boeing 777 planes to feature more lie-flat and other premium seating. Twenty of the Boeing 777-300ER widebody jetliners in the carrier’s fleet are in the process of being equipped with the new
US stocks ended lower on Friday after stronger-than-expected August employment data increased expectations that the Federal Reserve could raise interest rates at its September meeting. The Dow Jones Industrial Average fell 0.5% or 279.20 points, while the S&P 500 declined 0.38% and the Nasdaq Composite lost 0.3%. The selling came ahead of the three-day Labor
Dell just turned in one of its strongest quarters in company history, and Wall Street is paying attention. Revenue rose, profit soared, and demand for AI infrastructure kept climbing. Now one of Wall Street’s biggest names is raising its price target on the AI stock. Goldman Sachs analyst Katherine Murphy raised her price target on
US stocks rallied on Thursday as investors reduced expectations for a Federal Reserve rate hike this month following comments from Fed Governor Christopher Waller. The Dow Jones Industrial Average rose 1.18%, while the S&P 500 and Nasdaq Composite also gained more than 1%. Dow leads broad market rally as rate bets fall The Dow climbed
You learn early in life which voices are worth pricing. The friend who says 7 o’clock and shows up at 7. The contractor who quotes three weeks and hands you the keys in three weeks. You stop double-checking those people, and the trust saves you real money. You learn the reverse just as fast. Someone
US stocks rose on Wednesday as Treasury yields eased from recent multiyear highs, allowing the major indexes to recover part of their losses from a three-day losing streak. Investors also assessed higher oil prices, renewed US-Iran tensions and recent economic data for clues about inflation and Federal Reserve policy. The Dow Jones Industrial Average gained
Every industrial supply chain has a part almost nobody notices, until it becomes the reason nothing else can ship. For the natural-gas turbines racing to power artificial intelligence data centers, that part is the blade sitting inside the hottest section of the machine. On Monday, Aug. 31, investors got a blunt reminder of how much
US stocks fell on Tuesday as investors began September amid rising oil prices, higher global bond yields and renewed concerns over inflation. The Dow Jones Industrial Average declined 0.79%, while the S&P 500 and Nasdaq Composite also closed lower as markets assessed the potential impact of renewed US-Iran hostilities on energy prices and Federal Reserve